Life is better on the water. Let us help you get there.
Whether it is a tinnie for weekend fishing, a runabout for the family, a ski boat for summer, or a serious cruiser you have been eyeing off at the boat show, a boat loan lets you get on the water without waiting years to save the full amount. Borrow from $5,000 to $100,000 depending on the lender and your situation, with repayment terms from one to seven years. You find the boat that suits your lifestyle. We match you with lenders offering boat finance that fits your budget and keeps the repayments manageable.
Secured boat loans mean lower rates and more in your pocket.
With a secured boat loan, the vessel itself acts as security for the finance, which means lenders can offer you a lower interest rate because their risk is reduced. Over a five or seven year term, even a small difference in rate adds up to real money saved. Secured loans also let you borrow more, which matters if you are looking at a larger vessel or a package deal with motor and trailer included. If you would rather not use the boat as security, unsecured boat loans are also available through our panel but typically come with a higher rate. We help you weigh up both options based on your situation.
New boats, used boats, private sales and boat packages.
You do not need to buy brand new off the showroom floor. Our lender panel finances new and used boats, whether you are buying through a dealer, a marina broker, online marketplaces or a private seller. Used boats are where many smart buyers find great value, especially ex-demo models or boats only a season or two old. For any used purchase, it is worth running a PPSR check to confirm the vessel is free of existing finance and has not been reported stolen. Lenders may apply different rates or terms based on the age and type of vessel, but there are options for most boats on the water.
Finance the trailer, motor and package deals in one loan.
If you are buying a boat, motor and trailer package from a dealer, most lenders on our panel can wrap the lot into a single loan with one set of repayments. That is much simpler than juggling separate finance for each piece. It also means you can budget for the real cost of getting on the water rather than just the hull price. Some lenders will also let you include safety gear, electronics, and on-water essentials in the loan, so ask about this when you apply.
Budget for the full picture, not just the sticker price.
Boats come with ongoing costs that can catch first-time buyers off guard. Registration, marine insurance, mooring or storage fees, servicing, fuel, and safety equipment all add up. A good rule of thumb is to budget around 10 percent of the boat's value each year for upkeep and running costs. We mention this not to put you off but because responsible lenders will factor these costs into their affordability assessment. Knowing your numbers before you apply means fewer surprises down the track and a loan that genuinely works for your lifestyle.
No fees from us. Just a better way to get on the water.
We do not charge you anything for using our service. No application fees, no service fees, no hidden costs. Our lenders pay us, not you. We are also members of the Australian Financial Complaints Authority, so if anything goes wrong, you have access to free, independent dispute resolution. All lenders on our panel follow responsible lending rules under the NCCP Act, so any boat loan offered has been assessed to make sure it is suitable and affordable for your circumstances. Apply online in minutes and let us do the matching while you start planning your first trip out.
