New and Used Boat Finance
Whether you are looking to finance your first small boat, upgrade to the latest luxury cruiser, or purchase for commercial purposes we've got finance solutions for you. With access to our network of top marine lenders, we can help with no deposit options, balloon payments, and the benefits of seven-year terms, so you arrive at a repayment schedule that’s built to your expectations. Use our boat finance calculator to get an estimate of boat loan repayments or complete our simple, online form to check your financial power and receive real personalized rate offers from our extensive panel of lenders. Don't worry, there's no obligation and it won't affect your credit score.
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Select the total amount you want to borrow and how many years you would like to pay the loan. Next, select the exact amount if you would like to contribute with a deposit for your loan. A deposit is not required but recommended.
Interest rate: We suggest selecting an interest rate higher than the minimum rate we offer. For example, at Ausloans, boat's interest rates start at 5.69% p.a*. However, consider this is available for excellent credit profiles.
Balloon Payment: A balloon payment allows you to reduce your repayments during the boat loan term by making a one-off lump sum payment at the end of your loan.
Disclaimer: Any calculation made using this calculator is intended as a guide only. It is for illustrative purposes only, and based on the information you provide. Quoted repayments do not include lender fees and charges.
We find you the best boat loan rate for your credit profile
Our simple, paperless application makes it easy for you to apply online. It only takes a few minutes.
Don't wait days to get an answer. With Ausloans personalised customer service we can tell you if you qualify within minutes of accepting our call.
Receive best rate boat loan offers from multiple lenders and choose the deal which best suits you.
Your online application gets checked against 1,000+ lender policies before it's shared with a lender to protect your credit score
Our massive lending panel allows us to find you the best boat finance rates in the country
Our team of more than 150 asset finance brokers work with you until your boat loan is settled.
Different options allow you to manage your finances well. Depending on your plans, you can pay off your boat loan early, or choose to pay a lower monthly repayment with a lump sum at the end of the loan term.
Fixed Interest Rate – With this type of loan, your monthly payment is fixed for the entire term of the loan. This is perfect for those who are budget conscious and wants to know exactly what they need to pay month after month.
Balloon Payment – This means you pay a lump sum at the end of the loan term and you also have the option to refinance the lump sum in case you do not have ready money for it. One of the main advantages of having a balloon payment is that your monthly repayments are low.
Early Loan Termination – If you have extra money, you may want to pay off your loan early to save on interest payment and to free yourself from the burden of paying month after month. Lenders may charge an early termination fee though so make sure to ask about this option if early loan termination is a possibility for you.
Additional Payments – This is one of the best features many of our lender partners provide. When you pay more every month you can actually save on your interest payments and pay off the caravan loan early.
Your boat finance questions answered
At Ausloans we can help you get approved for a secured boat loan for personal use or a chattel mortgage loan for commercial use. Unfortunately, lenders will not consider secured financing on sailboats. For those of you looking to purchase a sailcraft using finance take a look at our personal loans for boats.
Don't worry, at Ausloans we offer no deposit boat finance, which means 100% of the purchase price is included in the boat loan package. So, if you don't have the funds upfront to buy the boat or camper trailer of your dreams, you still have the chance of getting your boat loan approved depending on your specific circumstances.
Yes, most of the time we require comprehensive insurance on your boat. Our team of asset finance brokers can help you arrange comprehensive insurance if you wish.
Yes, you can get approved for a poor credit boat loan. At Ausloans we believe in assessing your circumstances and finding a solution that best suits you, so if you have bad credit we might be able to help you. To assist bad credit boat finance applicants, we created 1800Approved, an established car finance brand specialising in credit rehabilitation for mid and subprime lending for both consumer and commercial applicants.
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