Marine Finance FAQ

10 Questions we frequently get asked about boat loans

  • Can I buy a boat from a private person or must I buy through a brokerage?
    Yes we are able to help you fund any purchase be it Auction, Private purchase or through a Marine Dealer or Broker. We make it as simple as possible with our on line application service.
  • Can I finance a refit of my existing boat?
    Yes we often help people fund large maintenance costs or even refits including upgrading motors.
  • Can I apply for a pre approval?
    Yes many of our customers apply for pre approval which enables you to know how much you can borrow and how much your repayments will be before committing to purchasing. Just use our fast online application service or feel free to phone Geoff for a quick chat on 0274-435524 to discuss your situation
  • How long can I borrow for?
    For boat loans you can lend up to five years however many of our customers get us to arrange their mortgage through trading banks on better terms than they are currently on and this can be up to 30 years.
  • What if I don’t want to apply online?
    Easy just pick up the phone for a good old fashion chat. We are available 7 days a week.
  • Who is AFB Finance & Insurance and why should I use them?
    Accept Finance have been helping people just like you for over 15 years, this helps you when we present your loan application to the lender. Being a keen boat owner himself Geoff understands what you are trying to achieve. Accept Finance has relationships with several different Marine Lenders who we deal with on a daily basis so know who and where the best options for you are. We will prioritise your application to get you an answer quickly.
  • What other information do I need to apply for a loan?
    Photo ID like a NZ driver’s licence, passport or firearms licence, one month bank statements, your two latest pay slips or other form of proof of income and once you have found your boat we will require confirmation of full insurance to the value of the purchase.
  • How much can I borrow?
    We have lenders that will lend up to $250,000 however Lenders will always look at your affordability. Feel free to phone Geoff for a quick chat on 0274-435524 to discuss your situation or you can apply online.
  • How much deposit do I need?
    Generally lenders want a 20% deposit, however they will consider less if you have other security or have a very strong application. Feel free to phone Geoff for a quick chat on 0274-435524 to discuss your situation or you can apply online.
  • Why do I need Insurance?
    You work hard for your assets and family’s financial future and don’t want to lose it all if the unexpected happens. We will help you put Insurance in place to protect you on the day you may need it. Many of our customers come to us with some insurance in place. Often it’s spread out all over the place and you are never sure what cover you have or how to make a claim. We can offer you options so you know your family is protected should the unexpected happen and help you in the event of a claim, often saving you money in your monthly premiums.
  • What do I do when I need to make a claim?
    Just call us anytime on 0274-435524. We are available 7 days a week.