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Boat finance: what your boat costs per month

Few boats are bought outright. Whether it is a marine loan from a bank, finance arranged by the dealer or a lease through your company, this page shows who finances boats in Germany, Austria and Spain, on what terms, and what the monthly payment comes to at your price.

We are a boat insurer, not a lender. But no lender pays out without hull cover and the lender named on the policy, so we sit at the table in every boat finance deal. That is why we know the market, and why one enquiry at the bottom of this page covers both.

Work out the payment See the lenders Send an enquiry

Repayment calculator

Enter price, deposit, term and rate and the monthly payment appears straight away. A balloon payment lowers the monthly figure but leaves a lump sum at the end, which you pay off, refinance or cover by selling the boat.

An example. Your rate depends on credit history, term and boat.

Share of the price due in one sum at the end. 0 means no balloon.

Monthly payment
Amount financed
Balloon at the end
Interest over the term
Total cost including deposit
Enquire with these figures Price the hull cover

The calculator uses the rate you enter and is not an offer. Only the lender can quote a binding APR, after checking your documents. The hull insurance every lender requires is not included in the payment.

Who finances boats

Grouped by type of lender, not ranked. The details come from the lenders' own public pages. We only show a rate where the lender publishes one, because rates move all the time.

A lender is missing, or you finance boats yourself? Use the form at the bottom of the page.

Banks with their own boat finance

The bank lends itself, directly or through the dealer. The boat is the security, so rate and term are usually better than with an unsecured personal loan.

akf bank (akf marinefinanz)Germany
Term
Loan 6 to 84 months, also with balloon; leasing from 36 months
Boats
new and used, also bought privately
Security
credit standing and the boat itself

A Wuppertal bank with its own marine division, also via dealers and boat marketplaces.

Website: akf.de

Specialist brokers

They work with several banks and leasing companies that specialise in boats and find the right offer. Many boat dealers use the same partners.

YACHT-FINANZGermany · Austria
Amount
from about €50,000
Term
Loan 12 to 84 months, up to 180 months from €100,000; leasing 36 to 96 months
Boats
new and used, up to 40 metres
Security
security over the boat, lender named on hull policy

Broker for several European banks and leasing companies, also for customers in Austria. Own contribution 25 to 33 per cent according to the broker.

Website: yacht-finanz.de
go boating FinanzierungsmaklerGermany
Term
3 to 12 years, 15 in exceptional cases
Boats
new and used; age of boat plus term at most 25 years
Security
hull and liability cover required, lender registered in the ship register

Hamburg broker within the Société Générale group, financing through CGI Finance and SGB Finance. Deposit at least 30 per cent, 20 in exceptions.

Website: go-boating.de
bootsfinanzierung.comGermany
Amount
from €50,000 in the online calculator
Term
up to 10 years
Boats
online up to 8 years old, older on request

Broker since 2003 for loans, leasing and balloon finance. Partner banks usually finance up to 70 per cent of the price.

Website: bootsfinanzierung.com
afinanzAustria
Boats
berth in Austria, Italy or Croatia possible

Austrian finance broker for boats: loan, leasing or hire purchase.

Website: afinanz.at
SYSFINANCESpain
Term
4 to 15 years, fixed rate
Boats
new and used
Security
with leasing the lender owns the boat until the purchase option

Broker for CGI Finance and SGB Finance in Spain and Portugal, with marine leasing and marine loans. Minimum deposit 20 per cent.

Website: sysfinance.es

Dealer finance

The dealer arranges finance as part of the sale.

Banco CetelemSpain

Point-of-sale finance through dealers, with its own marine line in Spain. Ask your dealer whether they work with Cetelem.

Website: cetelem.es

Unsecured personal loans via comparison sites

A loan not tied to the boat: no security over it, but capped in amount and often dearer. An option for small boats, jet skis and engines.

smavaGermany
Amount
€1,000 to €60,000
Term
12 to 84 months
Security
none over the boat

Compares personal loans from many banks, with its own boat finance page.

Website: smava.de
auxmoneyGermany
Amount
€1,000 to €50,000
Term
12 to 84 months
Security
none over the boat

Credit marketplace; the lending bank is SWK Bank.

Website: auxmoney.com

Details as of 3 October 2026, without guarantee; the lender's own offer is what counts. NAMMERT is not affiliated with any of the lenders listed.

How boat finance works

  1. Settle on the boat and the priceEverything starts from the purchase price. For used boats, most lenders want to see the bill of sale and, above a certain amount, a survey.
  2. Work out the paymentUse the calculator above. Remember the running costs: berth, winter storage and insurance come on top of the instalment.
  3. ApplyDirectly with a lender, through the dealer or with our form. The lender checks income, existing credit and your credit file in your country of residence.
  4. Arrange hull cover with the lender notedThe lender pays out once hull cover is in place and the lender is named as loss payee. Give us the lender and the loan reference and the confirmation goes out with the policy.
  5. Payout and handoverThe lender pays the seller and you take the boat. Until the last instalment the lender usually keeps a security interest in it.

What lenders require

Details vary between lenders and countries, the core is the same everywhere.

Hull cover for the whole termThe boat is the lender's security. No hull cover, no payout, and if the cover lapses before the last instalment, the lender is told.
Lender named on the policyCalled a Sicherungsschein in Germany, Vinkulierung in Austria, a beneficiary clause in Spain. In a claim, the lender is paid up to the outstanding balance.
Security over the boatOwnership transferred as security, retention of title, or in Spain a registered charge for larger yachts. You may not sell without the lender's consent.
Income and credit checkPayslips or tax returns and a credit check. The payment has to be affordable alongside everything else you pay.
DepositSpecialist lenders usually finance 70 to 80 per cent, so expect 20 to 33 per cent down. A larger deposit tends to bring a better rate.
Age of the boatA common rule: age of the boat plus term no more than 25 years. Used boats usually need a valuation survey.

The trap: a balance left after a total loss

After a total loss, the settlement goes to the lender up to the outstanding balance. If the sum insured is too low or the insurer deducts for age, the money falls short and you keep paying for a boat that no longer exists.

Set the sum insured at a realistic replacement value and ask for an agreed value rather than market value. The gap is widest with a balloon payment: the balance barely falls until the end, the value of the boat does.

More on finance and the bank

For lenders, leasing companies and dealers

You finance boats or sell them with finance in Germany, Austria or Spain? Then you belong in this overview. Write to us using the form; we check the details and add you.

Listed in the overviewProduct, amounts, terms, countries and a contact. Rates only where you publish them yourself.
Lender confirmation with the policyFor your customers we issue the confirmation naming you together with the policy, so the payout does not wait on a missing document.
One contact for hull coverQuestions about sum insured, cruising area or outstanding balance go to a person in our office, not a call centre.

Questions about boat finance

What rate does a boat loan cost?

It depends on your credit history, the term, the deposit and the boat, and it follows market rates. Where lenders publish a rate, it is shown in the overview with its date. Only the lender's offer is binding.

How much deposit do I need?

With specialist lenders usually 20 to 33 per cent of the price. Without a deposit, the realistic route is an unsecured personal loan, which is capped and usually dearer.

What is a balloon payment?

Part of the price that is not paid off monthly but in one sum at the end. The monthly payment falls, total interest rises, and at the end you need the money or a new loan.

Can I finance a used boat?

Yes. Lenders look at how old the boat will be at the end of the term and ask for a survey above a certain amount.

Does a financed boat have to be insured?

Yes. Lenders require hull cover for the full term with the lender named on the policy. Third-party liability is compulsory in Spain for motor boats and boats over six metres, and in many marinas elsewhere.

Does NAMMERT arrange loans itself?

No, we are a boat insurer. With your consent we pass your enquiry to a finance partner, who makes the offer and runs the credit check. We provide the hull cover the lender requires.

Why enquire through NAMMERT

One enquiry instead of twoNo lender pays out without hull cover and the lender named on the policy. With us both come together, so the payout does not stall on a missing document the week before handover.
Protection against a remaining balanceWe match the sum insured to your loan, so that after a total loss you are not left paying for a boat that no longer exists. The lender will not point this out, it gets its money either way.
We know boatsAge of the boat, surveys, buying used, cruising area: these are where boat finance gets stuck, and we have seen them in claims files for decades.
A person, not a portalOne contact in our office who answers the phone: +49 3375 29 12 77.

Send an enquiry

One enquiry and we get back to you: about the finance, about the hull cover the lender requires, or, if you finance or sell boats, about being listed.

Fills in by itself when you click "Enquire with these figures" in the calculator.

Rather call: +49 3375 29 12 77

What happens to your details: privacy notice, boat finance enquiry (in German)

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