Starting from 5.99% pa, 7.12% comparison rate*.
- Boat loan terms up to 7 years
- New and used boats
- Dealer and private sales
- Consumer and commercial
- We can finance the insurance cost
- We can payout previous boat loans
Available throughout Australia
After-hours Appointments Available
Enquire via phone or online chat
Market Leading Interest Rates
A boat loan is similar to a personal loan, but it is secured by the boat in the same way a car secures a car loan. Failure to make your repayments can result in the bank repossessing the boat.
Unfortunately not. We cannot finance: commercial leisure vessels, sub-leased boats, yachts, commercial style assets, inflatable boats, houseboats and pontoons.
There are many ways to finance a boat: a personal loan, a credit card, a boat loan or a home loan top-up. Where possible, you should use equity in your home to purchase your boat, as this option will be the cheapest. Without property to secure your loan against, the second cheapest option is to secure the loan against the boat itself, allowing the bank to give you an interest rate much cheaper than it otherwise would.
Yes. Private sales with or without an ABN are possible, although some will be subject to inspection. Please contact us for further information about abnormal transactions.
*The interest rate is available to approved applicants financing a motor vehicle on a secured consumer fixed rate loan over 60 months. The comparison rate is based on a 5 year secured fixed rate loan of $30,000. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Applications for finance are subject to normal credit assessment. Brokerage not included. Conditions, fees & charges apply.