Boat loan repayment calculator

Planning to get out on the water? Whether it’s a runabout for weekend fishing trips, a family pontoon, or a sleek yacht, this calculator can help you explore what your repayments might look like. 

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Boat Loan Calculator

Estimate your repayments before you set sail

Wondering how much is a $25,000 boat loan over 4 years or what kind of boat you could get for $150 a week? Whatever numbers you'd like to run, our calculator gives you a quick estimate. Adjust the sliders to explore estimated weekly, monthly, and total repayments for your chosen loan amount, term, and interest rate. These figures are a guide only — your actual rate and repayments will be determined after your application is assessed.

$15,000
48 months
10.95%

Boat Loan Calculator

$92

Weekly Repayments

$400

Monthly Repayments

$19,200

Total Amount Repayable

The repayment amounts shown include Establishment and Introducer fees totaling $495 and a PPSR Fee of $8.05. These fees are examples only and they exclude ongoing fees. The actual fees charged may vary based on your circumstances and the chosen lender.

Example loan scenarios

What could your boat repayments look like?

Here are a few sample scenarios to show how loan term, rate, and amount can impact your repayments and total cost — just as a guide.

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Boat Loan – Four Year Term

Loan amount: $25,000
Interest rate: 9.85% p.a.
Establishment/Introducer Fees: $503
Estimated total cost: $30,960
Estimated weekly repayment: $148
Estimated monthly repayment: $645

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Boat Loan – Five Year Term

Loan amount: $35,000
Interest rate: 10.75% p.a.
Establishment/Introducer Fees: $503
Estimated total cost: $46,080
Estimated weekly repayment: $177
Estimated monthly repayment: $768

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Boat Loan – $150 per week repayment

Estimated loan amount: $19,500
Interest rate: 10.95% p.a.
Loan Term: Three Years
Establishment/Introducer Fees: $503
Estimated total cost: $23,544

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Run your own numbers

Adjust the sliders to test different loan amounts, terms, and interest rates for your own boat purchase plans. It’s a quick way to see estimated repayments and total cost before you decide to apply. 

Plan your purchase with ease

Why use the boat loan calculator?

Live repayment estimates

You can enter your preferred loan amount, term, and interest rate to see your estimated repayments instantly. Perfect for comparing a few different options before making a decision. 

Test out purchase ideas

See how the numbers change for a smaller second-hand boat versus a brand-new model so that you can plan with both budget and dream boat in mind. 

See the big picture

Your estimate includes the total cost of the loan, providing a clear view of how interest and fees could add up over time. 

Finance that floats your boat

From fishing skiffs to luxury cruisers, we can help you find a boat loan that works for your budget and your plans .

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FAQ

Understanding boat loan repayment estimates

Here’s what goes into the repayment figures you’ll see in our boat loan calculator.

How does the boat loan calculator work?

It uses the loan amount, term, interest rate, and any example fees you enter to estimate weekly, monthly, and total repayments. This provides a guide for planning — actual loan details will be confirmed after we review your application.

How are boat loan repayments calculated?

Repayments are based on the loan amount, the length of time you choose to repay it, the interest rate, and any fees. The calculator uses these figures to estimate how much you might pay over the loan term.

What affects my repayment amount?

Changing the loan size, the repayment term, or the interest rate can alter both your regular repayment amount and the total cost over time. Fees also play a part, as they’re generally added to the loan balance.

Can I try different scenarios?

Yes — you can adjust the loan amount and term in the calculator to see how they affect your estimated repayments. This is a handy way to compare options before deciding what works for your budget.

Why do fees matter in the calculation?

Fees such as establishment or introducer fees are usually added to your loan total, which increases the amount your repayments are based on.

Are the results exact?

No — the calculator provides estimates based on the numbers you enter. Your actual repayments may differ once your application has been reviewed, your credit profile assessed, and the final rate determined.

*Fixed interest rates for vehicle loans range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. Fixed interest rates for personal loans range from 9.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and is determined by the lender. 

Fees apply, including an establishment fee of up to $350 and an introducer fee of up to $995. Also, lenders may charge a PPSR fee of between $0 and $14. For example: On a loan of $10,000 over 24 months at 9.95% p.a. with Establishment and Introducer fees totalling $495 and a PPSR Fee of $7.39, the total amount to repay is $11,627 which is 24 monthly payments of $485. Those amounts don’t include ongoing fees, such as Service Fees, charged by the lender. You can find full fee information in the loan contract. We recommend that you check the fees before accepting the loan offer. See more about lender fees here.

Approval is subject to meeting lending criteria, and affordability test applies. Our lender will independently assess whether you are eligible for a loan.
Same day payout subject to the applicant meeting the above conditions and completing loan documentation by 12pm.