loans against yachts and boatsLoans Against Yachts and Boats

If you own a yacht or any other kind of passenger boat you can use it as security for a fast and easy short term loan. Once you’ve paid the loan back to us along with interest (which is calculated along strict lines laid out by the National Credit Act) your boat will be returned to you, just as you left it with us.

All you need to do is contact us by phone, give us all the information you can about the boat (the year, manufacturer, onboard facilities and so on) and we’ll make you an offer.

Among the factors that we take into account when providing loans against yachts or boats are are the boats’ market price, engine hours and the date of its last service.

If you agree with our valuation of your boat or yacht, we then arrange to meet at our premises to finale the arrangement and then the funds will be immediately transferred to you, while you’re still in our office.

Documents you’ll need:

  • Proof of ownership
  • Proof of address
  • Your ID

With no complex paperwork, no credit committee rating check and no need to provide your proof of income, our process is the fastest most straightforward it can be – and completely discreet.


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APR & Loan period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months.


All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.  


Loans are not renewed automatically. Loans are renewed by agreement on the same terms as the original loan.


Non-payment will result in the ownership of the borrower’s pledged asset being transferred to the lender with no further impact on the borrower (including fees and credit bureaux).

Illustrative example

Client borrows P10,000 for 90 days.

Loan Amount Repayment Terms Monthly Repayment Total Repayment Initiation Fee Monthly Fee (Interest + Service charge) APR
P10,000 3 months P560 P12,370 P1,000 P560 60%