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How to get a boat finance easily?

Getting a loan to buy a boat is becoming very common in people. It has drastically increased boat manufacturing yearly, and thus the advancement in designs and other parameters. Nowadays, the boats are more advanced costing higher than you expect. But you have got APW Finance to guide you through. You can always use our [boat capacity calculator NSW](https://www.apwfinance.com/) to find out the repayments of the loan, however, generally speaking, there are some things that one must consider before going for it:



![](https://i.imgur.com/gLkKiOD.jpg)


* The size of your boat – This will determine how much money you need to spend on buying the boat. If you want something small like a fishing or leisure boat then you don’t require as many features as if you were planning to go with an expedition type vessel. So, this would be the first thing to look at when calculating what kind of boat you should get.
* Your budget – How much money do you plan to put into purchasing the boat? 
* Interest rates - They usually go down as the loan amount goes up or as the term of the loan goes down.
* The higher loan amount can be stretched over longer periods - ranging from 4 to 20 years.
* Usually, the lender will be looking for a credit score of 700 or higher. And will base a loan on a 10% to 20% down payment.
* You could get a loan at a lower credit score but not lower than 600 with higher interest rates or a larger down payment. 