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Individual Finance · Boat Finance

Your vessel.
Your terms.

Finance a new or pre-owned boat or watercraft — fibreglass, aluminium, or traditional wooden dhow. Tenures up to 60 months, up to 70% of vessel value.

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70%
Max finance of vessel value
60mo
Maximum tenure
1hr
Approval in as little as
5.5%
Indicative rate from p.a.
Product Details
What you need to know

Full terms at a glance. Your advisor walks through the exact figures once you're ready to apply.

Eligible Vessels
New & pre-owned boats, watercraft, dhows
Finance Amount
OMR 2,000 – OMR 100,000
Finance Cover
Up to 70% of vessel value
Tenure
6 – 60 months
Down Payment
From 30% of vessel value
Indicative Rate
From 5.5% p.a. (flat)
Early Settlement
Available — terms apply
Insurance
Comprehensive marine insurance required
Who Can Apply
Salaried employees
Min. OMR 300/month
Professionals
Doctors, lawyers, engineers
Business owners
SME registered in Oman
GCC residents
Valid residency · 6+ months employment
All applicants subject to BCSB credit check. Final eligibility confirmed by your advisor.
Simple process
Three steps to your car

Most approvals complete the same business day. Having your documents ready is the only thing that speeds it up.

01
Submit your application
Call 80008322, WhatsApp 9266 7773, or visit any branch. Provide details of the vessel you wish to purchase and your documents.
02
Valuation & approval
Our team arranges an assessment of the vessel and reviews your application. You will receive a decision and your finance offer.
03
Set sail
Sign your finance documentation and funds are disbursed directly to the seller or dealer. Your vessel is yours.
Funds disbursed directly to the dealer — no cash handling required. Subject to credit approval.
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Estimate your monthly payment

Move the sliders to find a number that works for you. Your advisor confirms the exact rate when you apply.

Finance Amount OMR 15,000
OMR 1,000OMR 50,000
Tenure 36 months
6 months60 months
Estimated Monthly EMI
OMR 456
per month · 36 months · OMR 15,000
Finance Amount
OMR 15,000
Total Interest
OMR 2,475
Total Repayment
OMR 17,475
Indicative Rate
5.5% p.a.
Indicative only — final rate confirmed by your advisor. Subject to credit approval.
Happy with these numbers? Leave your details and an advisor calls you back — or WhatsApp us directly on 9266 7773.
What to prepare
Documents required

Four documents. That's all. Have these ready and your application can be processed in as little as 1 hour.

01
National ID or Residence Card
Original + copy. Omani national ID or valid GCC residence card. Must be current and not expired.
Identity
02
Salary Certificate or Income Proof
Original, issued within the last 3 months. Business owners may provide audited financials instead.
Income
03
Bank Statements
Last 3 months. Required for all applicants to verify income and existing financial commitments.
Financials
04
Vessel Proforma or Sale Agreement
Detailed specification including make, model, year of manufacture, and agreed purchase price from the seller or dealer.
Vessel
The application form is included in your document pack. Your advisor will confirm if anything else is needed for your specific situation.
Common questions
Frequently asked questions
What types of vessels can I finance?

UFC finances fibreglass and aluminium motorboats, traditional wooden dhows, and most other recreational watercraft. Commercial fishing vessels are not eligible under this product.

Do I need a boating licence?

A valid Oman maritime licence is required to operate a motorised vessel. Your advisor can confirm documentation requirements.

Is marine insurance mandatory?

Yes. Comprehensive marine insurance is required on all financed vessels. UFC can assist through our insurance partners.

How is the vessel value assessed?

UFC arranges an independent inspection and valuation for pre-owned vessels. Finance is based on the assessed value, up to 70%.

Can I finance a vessel purchased from a private seller?

This is considered on a case-by-case basis. Speak to your advisor — a formal valuation and inspection will be required.

Ready to apply?
Set sail.
Start today.
Application
Form PDF
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