Boat loans to float your adventures

Most boat loans range from 3 to 7 years, but terms can go up to 10 years for larger or more expensive vessels. The best term depends on your budget, the boat’s value, and how long you plan to keep it. A shorter term means less total interest, while a longer term lowers the monthly repayments.

A credit score of 650 or higher is typically considered good for securing a boat loan with competitive rates. However, lenders also consider your income, existing debts, and financial history. Even if your score is below 650, you may still be eligible — though you might pay a higher interest rate or need a larger deposit.

Most lenders prefer boats less than 15 years old, especially for secured loans. However, some lenders will consider older models — especially if they’ve been well-maintained or have a strong resale value. In some cases, unsecured personal loans may be an option for financing older boats.

Jet skis loans are typically 1 to 5 years long, depending on the purchase price and the lender. Shorter loan terms are common since jet skis usually cost less than boats. You may still qualify for longer terms if you’re financing multiple watercraft or bundling accessories and extras into the loan.

How much you can borrow depends on your income, expenses, and what you can comfortably afford to repay. Boat loans typically range from $3,000 to $100,000 or more, depending on your financial profile and the type of watercraft you’re financing.

Interest rates vary based on factors like your credit history, income, and the value of the boat. If you have a solid credit score, you may qualify for a more competitive rate. We'll work hard to find the best deal for you.

Yes — boat loans may include an Establishment Fee, Introducer Fee, and/or ongoing account fees. We'll discuss all of these with you so there are no surprises.

Yes. You can refinance your loan to a different lender even if you have finance secured against a vehicle.

When refinancing a loan, it is important to be clear about what you want to achieve and the implications of making a change. For example: you may want to reduce the overall cost of your loan by refinancing or you may want to reduce your current repayment amounts. In short, when refinancing, make sure you have clear objectives and are well informed about the implications of making the change from one lender to another.

Also, make sure you consider fees to repay your existing debt early, and any additional fees in securing the new finance.

The repayments of a loan are determined by several factors. Mainly amount borrowed, interest rate and the term of the loan. We have a great calculator for you to run the numbers and see how these factors can suit your budget.
Repayments can be made weekly, fortnightly or monthly via direct debit.

We make sure to get all the key info from you upfront—makes things way smoother later. Once everything’s in, some lenders can give the green light in just a couple of hours, though it does depend on their timeframes.