Australia provides a wide array of water bodies that you can explore. Whether looking to explore them personally or looking to maximise it as a business opportunity, you will need a boat. However, while this is a great choice, it might become quite challenging when you consider the cost—whether old or new, purchasing a boat comes with considerable cost reaching hundreds of thousands of dollars.
At i-Fund, we recognise the unique circumstances that you find yourself. As such, we provide viable options that allow you to make the necessary purchases without bearing the strain of a lump sum payment.
Our financial services allow us to connect you with various lenders capable of providing the necessary boat finance that you need. We have a team of experts in the finance industry. As such, we can deliver to meet your funding needs.
Our boat finance cut across the following boat type.
i-Fund – delivering cost-effective financing options to your doorstep
If you are looking to complete the purchase of a boat, whether old or new, there are two financing modes that are available. These options include:
We offer secured loans that allow you to purchase your preferred boats. We connect you with a lender that purchases the ships on your behalf or for you in return for interest and monthly repayment. However, in this loan option, the amount loaned is secured through the boat that you purchase.
Regardless, upon buying the boat, it remains your boat. All you merely do is grant the investor an interest in the boat to recover it if you fail to make the repayment.
We offer unsecured loans that allow you to purchase your preferred boats. We connect you with a lender that buys the boats on your behalf or for you in return for interest and monthly repayment. However, in this loan option, there is no security on the amount loaned beyond your promise to return. Also, interest rates are higher here.
Beyond these specific financing options include
⦁ Hire Purchase
⦁ Chattel Mortgage
Our hire purchase financing option allows you to acquire the boat that you need for hire. In turn, you commit to a monthly repayment over time. The idea is that we will enable you to break the lump sum payment into a smaller sum that you can pay over an extended period at your convenience. Then once you complete the payment, we transfer ownership of the boat to you.
We offer the chattel mortgage option for your boat financing. We provide the full purchase price needed to purchase the preferred boat. In return, you buy the vehicle and grant the lender a right over the ship through a mortgage. This functions as security.
You then commit to regular repayment over a period. Then as soon as you complete the repayment, the mortgage right gets extinguished, and you own the boat outrightly.
We possess various competitive advantages that make us desirable for your boat financing needs. So, you are rest assured you are making the right choice; here is what set us apart.