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Water craft leasing

Water craft leasing

Boats and yachts quickly and conveniently

  • Personal offer
  • Fast and easy business

You can buy a yacht, launch or a motorboat with the help of water craft leasing.

If you want catchy experiences on the water, you can lease yourself a watercraft — a yacht, launch or a motorboat. SEB Leasing offers you good opportunities for this.

Lease conditions

With watercraft leasing you can acquire a yacht, launch or a motorboat.
We provide two types of watercraft leasing

  • Financing of recreational craft with financial lease for the acquisition of recreational craft (total length 2.5-12 metres) to be registered in the Estonian Road Administration (ARK)
  • Financing of ships secured with mortgage for the acquisition of watercraft to be registered in the ship register (total length exceeding 12 metres)

Final lease conditions depend on the chosen vehicle and the client. To get a personal lease offer, submit a lease application.  

Standard watercraft lease conditions of SEB

Financed amount: starting from EUR 6000
Downpayment: starting from 20% of the cost of the watercraft
Contract fee: starting from 1% of the acquisition cost of the lease item, min €225
Lease term:

  • For yachts and watercraft, to be registered in the ship register, up to 120 months
  • For launches and other watercraft, to be registered in ARK, up to 72 months

Residual value

Motorboats Yachts and sea launches, to be registered in ship register
Lease term Maximum residual value Lease term Maximum residual value
12 months 65% 12 months 70%
24 months 55% 24 months 60%
36 months 45% 36 months 50%
48 months 35% 48 months 40%
60 months 30% 60 months 35%
72 months 0% 72 months 30%
  84 months 25%
96 months 20%
108 months 15%
120 months 10%

Lease payment

You can calculate an approximate lease payment with the help of lease calculator. Keep in mind that property insurance and civil liability insurance premiums are added to the lease payments.

Annual percentage rate as a typical example

The initial annual percentage rate of charge of watercraft leasing (financial lease) is 5.64% under the following sample conditions:

  • price of vehicle, EUR 30,000 (VAT included);
  • down-payment EUR 6,000 (20% of the cost of vehicle);
  • residual value 0% of the cost of vehicle;
  • total amount of credit taken into use EUR 24,000 (VAT included);
  • interest rate 5.00% p/a on credit balance (the interest rate consists of 6 month EURIBOR and a margin of 5.00%; as at 23 March 2021, the 6 month EURIBOR rate was –0.518% (when calculating the interest, the negative EURIBOR value is considered equal to zero); the EURIBOR fixed in the contract may change every 6 months, the margin is fixed until the end of the contract);
  • repayment within 5 years in 60 monthly annuity payments;
  • contract fee EUR 225 is paid upon conclusion of the contract;
  • the total monthly fees of the bank's current account and payment order are 0.46 euros.

The total amount of repayments payable by the client is EUR 27,226.20 and total amount is EUR 33,479.16.

Possible property registration costs, state fees, price of the valuation report and the annual premiums of property and civil liability insurance insurance were not considered in the APR calculations.


Applying for lease

To apply for the lease, send us a lease application. First, we advise you to familiarize yourself with the watercraft leasing conditions.

There are several ways to submit your application

  • Fill in an electronic application in Internet Bank or on our homepage.
  • Send us a message, if you would like consultation at a bank office. A private advisor will contact you and agree on the time for consultation.

When applying for leasing, present the following documents

  • Application electronically
  • An account statement for the last 6 months, if your salary is not received in SEB
  • Personal data sheet, filled in by the guarantor (EST), if you apply for a leasing together with the provider of surety
  • Sales offer, including the specification of the watercraft, accessories, price and time of delivery
  • Upon acquisition of used watercraft, a valuation report from authorised sales representative and a copy of the certificate of registration

A leased water craft shall be insured.

Requirements for the insurance contract of leased property:

  • The insurer shall be an insurance undertaking accepted by SEB
  • The vehicle shall be insured throughout the entire lease period, at least to the extent of the sum corresponding to the market value
  • The insurance contract shall be concluded for a period of one year
  • The insurance contract shall be concluded with the smallest excess allowed by the insurer
  • In the insurance contract, AS SEB Liising shall be noted as the beneficiary
  • The insurance policy for a water craft shall contain insurance cover against fire, storm, collision, theft and vandalism
  • The conditions of the insurance contract shall ensure the full payment of the benefit in the case of the sinking of the water craft
  • In addition, civil liability insurance must be concluded for the lease period

To prove the validity of the insurance, please submit a copy of the new insurance policy to SEB within five days prior to the end of the valid insurance policy, at the latest. You may send it to the e-mail address or fax it to 665 5103

Should you have any questions during the validity term of the lease agreement or you wish to submit an application, then please contact us via Internet Bank or send a message from our homepage.

All fees, related to the lease agreement, can be found from the price list.

Amendment of lease contracts

To make amendments to the contract, submit us a written application. 

Lease invoices

We shall send the lease invoices to Internet Bank, e-mail or postal address. Inform us of your preferred choice in a letter.
For more convenient payment of lease invoices we recommend e-invoice with automated standing order service.
You will find information on your current lease contract and payment schedule in Internet Bank.

Terminating financial lease and hire purchase

  • The lease term shall end with payment of the last lease payment. After all lease payments have been made and if, according to our knowledge, there are no additional claims against the vehicle (e.g. parking fine, fine for speeding), we shall send you a document for terminating the lease contract. On the basis of this document you have to reregister the vehicle in ARK and become the owner of the car.
  • If you have concluded financial lease with residual value, you will pay the residual value together with last payment. It is possible to apply for extension of the lease term for the payment of residual value in instalments.

Base rates

Valid as 29.07.2021
1-month EURIBOR® -0,5580
3-month EURIBOR® -0,5440
6-month EURIBOR® -0,5240
12-month EURIBOR® -0,5020
EONIA® -0,4820
€STR -0,5670
Bank's base interest 0,0000
EURIBOR® historical data
EONIA® historical data
€STR historical data
Base rate information

Euribor (benchmark) and Eonia (benchmark) are published by the European Money Markets Institute (EMMI).
The base interest rate of the bank is set and published by AS SEB Pank.
The set base interest rate may decrease or increase over time. These changes affect the contractual interest rate. For example, if the new base interest rate has increased compared to the previous base interest rate which was in force on the day the agreement was concluded, the interest payments will also increase.


  • Customer support

    665 7910

  • E-mail


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