Boat Finance
Secured boat loans are loans secured against the boat. This means that when the boat is sold by you, traded in or even written off by a boat insurance company in the event of an accident means then the marine finance must be paid out.
Normally secured boat loans are lower interest rates than what you would expect for unsecured personal boat loans. This is because the finance company has collateral over your boat, which limits any loss if the boat loan was to default.