Salt’s app now available for marine finance

Salt has launched its new app which will seemingly allow customers to access marine finance quotes in a minimal amount of time.

Then company says it takes just five minutes to submit an application, verifying identity with a selfie. Then the app offers 24/7 access to assistance. It’s available at the Apple store, or via google play.

It also has a boat dealer portal which allows brokers to track the progress of applications in real time.

“At Salt we’re not just financing boats, we’re excited to bring convenient, fast, 21st-century finance to the leisure marine sector, creating a seamless experience that empowers boaters, and boat dealers, every step of the way,” says Joe Dalton, CEO and founder.

“It’s not a one-size-fits-all process – we work directly with our clients to ensure their finance package suits their individual requirements and having access to multiple lenders means we can negotiate the best terms on our customer’s behalf,” Dalton recently told MIN.

The company says it’s now started helping boat buyers secure what it terms ‘flexible and competitive’ finance options and has recently expanded to six dedicated professionals. Plus, over 20 key boat retailers have signed up as partners.

Tailored loan options include:

• Loans starting from £100,000, with no upper limit
• Up to 75 per cent loan to value, requiring a minimum 25 per cent deposit
• Flexible repayment structures, including balloon payments
• Fixed and variable rates, with lending options for individuals or companies
• Availability to UK residents, UK expats, and non-doms, for both new and used boats up to 30 years old