When requiring credit to purchase a new watercraft, many buyers will, by habit, approach their bank or search the net for boat loan credit companies. Many may even jump right in and apply to one of those boat loan companies. Others will request quotes from as many as they can source, to have figures to compare and select the lowest rate. With such a wealth of online resources available, many buyers might be questioning why engage with a marine finance broker to source their boat loan credit? Questioning if using these services will add time to the purchase and delay the delivery? Questioning whether sourcing credit for their trailerable model, PWC or fishing craft is too small a deal for brokers? Isn’t it easier and faster simply entering details online and clicking the way to boat loan credit?
All plausible questions that we can address with the benefits using our expert services can deliver to boat buyers. For starters, we offer online services, quick quotes and fast approvals so there is no delay. Our interest rates are sourced from a vast lending market to ensure they are the best possible for each customer. All watercraft buyers can use our services for low rate credit on small vessels, subject to lender minimum lending guidelines.
Another issue to highlight upfront is one that many credit seekers may not be aware of – the negatives which can come with requesting multiple quotes. Lenders can report applications and quote requests to credit reporting agencies. Having multiple entries of this nature on an individual’s credit report may be seen in a negative light by some lenders and impact any offer made. Using our services, having the best, individual quote and offer sourced from across multiple lenders, does not have that negative impact on the individuals’ credit record.
This is just one of the many benefits that buyers can realise in using our expert lending services.
Differences Across the Marine Finance Lending Market
A key benefit of using our services is being able to connect with lender that is best-suited to the individual’s profile. The consumer credit market is extremely large, with financing companies, banks and other credit facilities available. While responsible lenders must adhere to ASIC guidelines, there are many differences across the market.
These can include the criteria or guidelines that lenders follow to approve applications; the type of products available for watercraft; and most importantly, there are differences with the interest rates. Different buyers will be suited to different lenders. The issue for the buyer is identifying which particular lender is the right one for their requirements.
As an expert marine finance broker, Jade Boat Loans provides access to over 80 lenders to ensure the best rates and right lender is matched to each buyer. This access enables buyers to quickly and easily source the most suitable credit, at the best rate from the suitable lender. And without the hassle or time component as we handle all the searching, negotiating and approval processes.
Access to Full Selection of Loan Products for All Boats
We offer a full selection of credit products to suit all types of watercraft, both new and second hand. That includes PWCs, sailing craft, power vessels, small and top of the range luxury motor cruisers and yachts. Our Secured Boat Loan is best suited to most buyers of new and quality second hand vessels.
Where the craft is not accepted as security for the credit or is not available, such as with popular share-boat arrangements, our Unsecured Personal Loan can be considered.
Apply Online Available with Marine Finance Broker
As with many in the lending market, our services include online application and quote request facilities. Enabling buyers from across Australia to connect with us, and our lower rate funding, quickly and easily.
In addition to these online facilities, we also provide free use of our finance calculator online and a library of articles with tips, hints, industry news and further information those considering funding to purchase a vessel.
Enjoy the Benefit of the Lower Interest Rates with Marine Finance Broker
One of the big differences that those doing their online research will quickly realise is that interest rates on boating credit vary with different banks and credit companies. This is due to the differences in the guidelines, costs and approach that each lender utilises when setting the rates they will offer in their consumer credit markets.
Consumer credit products also display a Comparison Rate in addition to the lender’s Advertised Rate. This is a rate that is specific to the credit example described and which includes some of the charges and fees applied by that lender.
Our low boat rates are sourced from across our 80 lenders and updated on a daily basis to reflect the current market position. Our services go well beyond providing customers with a guide to which banks and lenders are currently offering what rates. Our brokers do the work on behalf of customers to get the cheapest rate applicable to individual requirements and application details.
Save Time with Marine Finance Broker and Be on the Water Faster!
Our focus is completely on our customer, reacting and responding promptly to quote requests and getting applications approved in as little as 24 hours. When buyers take into account all the lender differences they will need to consider in sourcing credit, it shouldn’t take long to realise that using our services dramatically cuts the time to find the best rates, the right lender and the most suitable credit outcome.
To get on the water faster with the cheapest rate loan, speak with Jade Boat Loans on 1300 000 003 – your specialist marine finance broker.
DISCLAIMER: THE INFORMATION AND SPECIFIC DETAILS CONTAINED IN THE CONTENT OF THIS ARTICLE HAVE BEEN PREPARED AND ARE PRESENTED PURELY AS GENERAL INFORMATION AND NOT INTENDED AS THE ONLY SOURCE OF FINANCIAL ADVICE FOR BOAT BUYERS AND LOAN BORROWERS. FOR THOSE THAT CONSIDER THEY REQUIRE SPECIFIC ADVICE, THEY SHOULD CONSULT WITH A FINANCIAL ADVISOR. LIABILITY IS NOT ACCEPTED IN REGARD TO ERRORS AND MISPRESENTED DATA AND DETAILS HEREIN.