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Boat Finance

Sail away on your
next big adventure with
Novuna Personal Finance

Low rate loans from

3.6 % APR

Representative on £7,500 to £25,000

Representative on £7,500 to £25,000

Apply now

Hoist the sails on your brand-new yacht or enjoy a leisurely trip on your very own narrowboat with our low APR boat financing

  • Unsecured personal loan specialists with over 40 years’ experience

  • Borrow between £1,000 and £35,000

  • Clear online application process with an instant decision

  • Competitive personal loan rates from just 3.6% APR

  • Fixed-rate monthly payments on your chosen date

  • No arrangement fees or other hidden charges

  • Voted UK’s Best Personal Loan Provider for the last 8 years.

Loan calculator

Choose how to calculate your loan repayments
£
months

Our price promise

Representative Example:

Monthly repayment

£{value}

Interest rate

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Total amount payable

£{value}

Loan amount

£{value}

Loan Term

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Our price promise

Remember, the rate you are offered may vary due to personal circumstances and loan amount, the majority of our customers receive the advertised rate. However, if you complete an application directly via the Novuna Personal Finance website and are given a higher APR, we guarantee that you'll never pay more than £249.67 per month with our maximum 36.5% APR Representative when you borrow £7,500 over 5 years*.

The maximum APR you could be offered when you borrow other loan values is 36.5%*. All loans are subject to status.

*Only for applications carried out directly via the Novuna Personal Finance website

Why choose us for boat finance?

There’s nothing quite like sailing the seas in search of adventure in your very own yacht or taking a leisurely cruise along a picturesque canal in your brand-new narrowboat.

Our flexible boat financing options allow you to spread the cost of your new purchase into manageable monthly repayments over a period of up to six years.

To find out how much boat finance you could be eligible to borrow with us, use our boat loan calculator then apply online for an immediate decision.

Loan calculator

Our price promise

We guarantee you’ll never pay more than £223.03 per month with our maximum 28.9% APR Representative when you borrow £7,500 over 5 years*. It’s one of the reasons we’ve been voted the UK’s Best Personal Loan Provider by Your Money for the last 8 years running.

Customer reviews

Boat finance FAQs

What is a good APR for a loan?

If you’re shopping around for a personal loan online, the Annual Percentage Rate (APR) should be a key consideration. It enables you to compare lenders based on their loan interest rates and the amount you’ll repay on top of the principal debt (the amount you borrow).

One of the benefits of a personal loans is that they’re typically fixed rate, which means the interest rate won’t change and you’ll pay back the loan in equal monthly installments. This is one of the key differences between a low APR loan and other borrowing options like credit cards.

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What do I need to apply for a loan?

Every lender has their own criteria when deciding whether to approve a loan, but most will ask you for the same sort of information. For an online loan application, you’ll need your employment details, including annual income, your bank account details and your address history from the last three years.

At Novuna Personal Finance our criteria also require borrowers to be aged 21 or over. You must have a bank or a building society account, a good credit history, be a permanent UK resident and be in permanent paid employment or retired with a pension.

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Can I make loan overpayments?

If you have a change in circumstance and decide you want to make extra payments on your loan, you can do so at any time, free of charge. Loan overpayments will be used to reduce the duration of your agreement, so you’ll continue to pay your monthly Direct Debit as normal but the payments will end sooner.

The quickest and easiest way to make loan overpayments is by managing your account online. Using our online tools, you can make a one-off payment or increase your monthly payment. Alternatively, speak to our Customer Service Team on 0344 375 5500.

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Can I increase my loan amount?

Once you’ve completed the application, you cannot change the amount of the loan. However, for a period of 14 days you do have the right to withdraw from the agreement. You must then repay in full the amount borrowed within 30 days, and your agreement will be cancelled.

If we haven’t heard from you after the 14 day period, we’ll assume you’re happy with everything and you will be bound by the terms of your loan. Once you’ve requested a cancellation, you can apply again to increase loan amount. To do so, contact our Customer Service Team on 0344 375 5500.

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What happens if you fail to repay a loan?

If you’re unable to repay your loan, we’re here to help. It’s important that you contact our Collections Team on 0344 375 5488. Once we understand your current circumstances, we’ll be able to advise the most suitable option or establish a payment arrangement that is affordable for you. We may ask for information about your financial situation to ensure we put the most suitable arrangement in place.

If you’re experiencing financial difficulties, we may signpost you to a free debt charity called Step Change, who will be able to offer you confidential support.

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What does APR mean?

APR, which stands for Annual Percentage Rate, is the official rate that represents the cost of borrowing. It differs from interest in the sense that APR includes the full cost, inclusive of additional charges, or a credit offer, so it’s useful when you’re comparing borrowing options such as unsecured personal loans and credit cards.

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What can a personal loan be used for?

Because repayments are the same each month, a personal loan is a great way of funding a whole range of purchases. Some of the most common things our customers take loans for include home improvements, financing a new vehicle, paying for a wedding, leisure activities like a holiday, or consolidating high interest debts into one more manageable payment.

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Customer Experience Rating

Customer satisfaction is vital to our success, which is why we’re the only provider to give full visibility of our reviews, updated in real-time, 24 hours a day. Read all reviews

4.9/5

Based On 3986 Reviews.. Read all reviews
Very easy application

Very easy application process, would definitely use again, money in account within 24hrs

Great place for quick loans

Excellent online service. Easy to use website, you can browse at your leisure. Once the final product was decided upon, the process was really easy to complete. Everything was so easy, that I've recommended to my friends.

Very simple and clear application process, trusted lender used previously

Very easy to deal with

All good,smooth and quick . Thanks

All good,smooth and quick . Thanks

Would recommend

Clear instructions, real people. Great outcome. Knew what was happening at each stage. We were approved quickly and that’s ultimately what you need

Simply the best

I had few finance agreements with Hitachi or Novuna … and I never had any issues even when I took loan they offered me a great rate ..