Finance your boat
Do you need financing to buy your boat? HISWA brokers can help you choose which type.
You can opt to take out a mortgage on your home, a ship mortgage or a personal loan.
Mortgage on your home
If you own a home with significant excess value, it may be interesting to take out a mortgage on it to finance your boat purchase. This type of financing is often attractive and is the most commonly used.
Ship mortgage
In setup, a ship mortgage is similar to a house mortgage: the boat is considered security for the loan. The interest charged on a ship mortgage is often significantly lower than for a personal loan. Common terms for a ship mortgage include:
- Financing 50% to 80% of the purchasing price
- Minimum sum of €20,000
- Runs for 10 to 15 years
Taking out a ship mortgage requires you to register your boat with the Dutch shipping register via the Cadastre. HISWA brokers can assist you in the process.
Personal loan
A personal loan or revolving credit is also a good financing option for relatively small amounts under €20,000.
Also see
Insurance
Lower your risk from damages, loss or theft? Get a good insurance policy.
Registration
It may not be not compulsory but it’s certainly smart to register your boat. HISWA-certified yacht brokers can arrange the entire process for you.