Marine Loan
Loan Amount
. New Boat
Maximum USD 750,000
. Used Boat
Maximum USD 300,000
. New Engine
Maximum USD 100,000
Loan Tenor
Minimum 2 years & maximum 5 years
Variable Interest Rate
New boats & Engine = BRR+4% (Min 11%)*
Used boats = BRR+6% (Min 13%)*
File Fees
1% of loan amount (Maximum USD 1,000)
Age
Minimum 25 years old (at loan initiation) and Maximum 64 (at loan settlement)
As of January 2020, the BRR for USD is 8.5%
Guarantees can be requested on case by case basis
* Terms and conditions apply