Woman walking on boat

Representative Example

Currency
?
Cost of boat
£
Deposit (cash/part ex)
%  £
Age of the boat
Years
Term of loan
Years
 
Fixed rate:
Variable rate:

Balance to finance:

Fixed rate: £220,500.00
Variable rate: £220,500.00

Loan Duration:

Fixed rate: 15 Years
Variable rate: 15 Years

Instalments:

Fixed rate: 180 X Monthly payments of £2,211.60
Variable rate: 60 X Quarterly payments of £6,752.82

Total fees (estimated):

Fixed rate: £1,043.00
Variable rate: £1,043.00

Rate indicative:

Fixed rate: 8.81%
Variable rate: Libor 3M+7.82% = 9.05%

APR indicative:

Fixed rate: 9.26%
Variable rate: 1.75%

Indicative total costs (inc deposit):

Fixed rate: £493,631.74
Variable rate: £500,712.33