Financial Services

Financing and insurances.

To serve you during the buying and selling process, we can also take care of any financing and insurance needs you might have. Through years of experience and good contacts within the financial services sector. We can provide you in conjunction with a insurance broker with a wide range of financial services. From approximately 14 banks and/or insurance brokers offers can be chosen that best suit your needs.

It is often thought that to finance a yacht or a ship finance is difficult or even impossible. Through our cooperation with the earlier mentioned insurance broker we ensure that your dream is within arm’s reach. To give you an idea of the possibilities, you will find various financing options explained below.

1. Limited revolving credit

In an ongoing credit you can withdraw money until a pre-agreed amount. This form is easy if you occasionally need to make larger payments, and then only pay off for months or years. This credit option is popular for small ship alterations - kitchen or bathroom or for people who occasionally need to finance a larger purchase. Repaid loan amounts can immediately again be withdrawn up to a pre-defined limit. Interest rates for limited revolving credit are usually cheaper than other credit forms. One disadvantage is that the interest rate is variable, you pay a fixed amount each month for interest and repayment. The ratio between interest and repayment is determined by the interest rates at that moment and the outstanding amount of your credit.

2. Personal Loan

With a personal loan you borrow a pre-determined amount. When taking out the loan the height of the interest rate and the total duration are fixed. The advantage of a personal loan is that you always know what your personal financial situation is and when you have repaid the loan. Funds that have previously been paid off cannot be withdrawn again before the end of the loan period.

3. Combination account

A combination account is a limited revolving credit linked to a savings / investment insurance. In this credit form interest is calculated over the amount that you have withdrawn and a fixed amount per month for the savings or investment policy. During the duration of the loan you can withdraw money up to your limit. The savings policy / insurance / investment that you pay monthly during the duration of the loan is used to build up capital to repay the loan. The repayment of your loan is financed from the accumulated savings/ investment total, provided you haven’t withdrawn extra funds and have saved enough over the loan period. This construction depends on interest rates developments and/or on price fluctuations of your investments.

4. Current account

You may be in the red on your current bank account up to an agreed amount. Banks call this a salary credit or a debit facility. The height of the limit depends on your monthly income and you have to be in the plus once every 3 months.

5. Installment purchasing / leasing

Buying cars, caravans, or boats on credit. Installment financing is the credit form which usually starts with a down payment or a trade-in value and the remainder of the purchasing price is to be paid in installments. You achieve full ownership after you have paid the last installment.

6. Ship mortgage

A ship mortgage is a type of funding for your yacht, in which case the payable interest often is much lower compared to normal ship financing constructions. Through a notary, the ship mortgage, similar to residential mortgages, is established. The ship, which is mortgaged, must meet certain requirements. One of these requirements is that the ship is branded. To brand means that the vessel is included in a register and that a registration number is affixed.