Pre-approval gives you a clear idea of how much you can borrow before committing to. It helps you narrow your search, negotiate better, and avoid overspending. Pre-approval is obligation-free and typically involves a soft credit check. Ausloans makes it easy — just apply online, and we’ll match you with lenders offering pre-approval within 24 hours.

Typically, you'll need:

• Proof of identity (e.g., driver's license)

• Proof of income (e.g., recent payslips or tax returns)

• Bank statements

• Details of the boat or watercraft you're purchasing

Putting down a deposit isn’t a requirement for most marine loans, but it can help. A deposit reduces your loan amount, lowers your monthly repayments, and may even improve your approval chances. At Ausloans, we can help you compare both no-deposit and low-deposit options from over 70 lenders.

Early loan repayment can help you save on interest, but some lenders apply fees for paying out the loan ahead of schedule. At Ausloans, we’ll show you which lenders allow early repayment with no penalties and help you choose a loan that works best for your long-term financial strategy.

Having bad credit doesn’t mean you’re out of options. Ausloans partners with over 70 lenders, including those who consider applicants with defaults, low scores, or limited credit history. Even if you’ve had defaults or bankruptcy, we can find lenders that offer bad credit marine loans. We use our smart Zink software to match your credit profile with lenders most likely to approve your loan — giving you a real chance to get out on the water. 

Lenders may perform either a soft inquiry (which doesn’t affect your credit) or a hard inquiry (which does). At Ausloans, we start with a soft pre-check to match you with lenders — this gives you rate and approval visibility without risk to your credit score. Only if you proceed to full application with a lender will a hard credit check be performed.

Balloon payments let you reduce your monthly repayments by deferring a portion of the loan to the end of the term. While this lowers your regular instalments, you’ll need to pay a large lump sum at the end. It’s popular for businesses or those planning to upgrade vehicles. Ausloans can help you compare boat and jetski loan options with and without balloon payments to suit your budget.

Beyond the interest rate, most marine loans can include setup fees, account-keeping charges, and sometimes early repayment penalties. Ausloans helps you understand the true cost by showing comparison rates, which factor in most fees and charges. We’ll help you avoid hidden costs by comparing real offers from Australia’s top lenders — all in one place.

There’s no single score that guarantees approval, but a higher score (650+) can unlock lower interest rates and more flexible terms. Ausloans works with lenders who cater to a range of credit profiles — including those with low or recovering scores. When you apply, our Zink platform matches your unique credit profile with suitable lenders without damaging your score.