Get an approximate idea of how much your loan repayments* will be with our easy to use boat finance calculator.

To use our calculator, fill out the fields below for Loan Amount, Repayment Frequency, Loan Term and whether you will be using a Balloon Payment option, and the approximate repayment amount will automatically update. Click on 'View Details' for a breakdown.

This is only an estimate of your repayments and does not take into account your individual circumstances. For a detailed quote, please apply online or contact us on 1300 769 999.

Boat Finance Repayment Calculator:

Loan Amount:
Interest Rate PA:
Comparison Rate PA:
Repayment Frequency:
Loan Term:
Balloon Payment:

Your Monthly Repayment: $

Total Number of Repayments
$ Total Interest Paid
$ Balance Remaining

* The repayment amount shown using this boat loan repayment calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by AFPL. Interest rate of 6.97% (Comparison Rate 8.86%) only applicable for new goods (new vehicle finance) that have not been pre-owned, where the amount borrowed is greater than $35,000, the applicant owns or is buying a property, has a good credit history and contributed a minimum deposit of 20%. Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on credit scoring and our final assessment of your application. Credit provider is Automotive Financial Services – Australian credit licence 383762.

^Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments.

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Current Boat Finance Rates

  • Rate for Private Purchase

    from 7.67%

    comparison 9.55%*
  • Rate for Dealer Purchase

    from 6.97%

    comparison 8.86%*
  • Rate for Business Vehicles

    from 5.7%

    comparison *

About Interest Rates: The interest rates advertised are not always the rate that you will actually receive when applying for your loan. It's important to understand before applying for a loan that interest rates are calculated using a number of different criteria, including the applicant's credit history, various factors about the security (i.e. the boat or marine craft) of the loan, and many other variables. 

Comparison Rates explained

As the name suggests, the comparison rate lets you compare the actual cost of a loan from different providers. It is calculated using a combination of the nominal interest rate and up-front and ongoing fees. It does not take into account all fees, however, such as early repayment fees or statement fees, nor does it include government and statutory fees as these are standard fees regardless of the loan provider. 

While the comparison rate helps you compare the cost of one boat loan with another, its also important to consider other features from the loan provider such as flexibility of repayments, redraw and direct debit facilities. 

What is a Balloon Payment? 

Considered an optional extra, a balloon payment can help make your weekly or monthly loan repayments more affordable. Essentially, it is a one-off lump sum that you will pay off at the end of your loan. This lump sum amount is technically excluded from the loan amount that your repayments are covering, which decreases your repayment amount. 

Once you have reached the end of your loan term, you have the option of paying your balloon amount, selling the item you got the loan for (e.g. your boat or jet ski) to pay off the balloon, or refinancing with your loan provider to pay off the remaining sum. Refinancing is a popular choice - you can either keep your boat and simply pay off the remaining amount with a new loan, or upgrade your vessel. 

The balloon payment amount varies from lender to lender and takes into account the age and type of boat plus other factors. While reduced loan repayments are the primary advantage of using a balloon amount, other benefits include the ability to increase the size of the loan so you can potentially afford a better vessel, as well as helping to manage your cash flow. 

For example, if you are purchasing a $60,000 boat, take out a five-year loan and choose to have a $15,000 balloon payment (25% of your loan amount), your loan repayments will be based on the remaining $45,000, plus interest. At the end of the five years, you will still have to pay the remaining $15,000 (or refinance as mentioned earlier). 

Use our finance calculator above and include a balloon amount to get an idea of how it changes the repayment amount.

For more information or to discuss your options, contact Aussie Boat Loans today. We offer fixed-rate loans and flexible repayment options. Fill out our online application form or call 1300 769 999 to speak with someone. 

Helpful information on obtaining boat finance:

* This loan simulation is not an offer and has no legal effect. It is a guide only. All interest rates, amounts and terms are based on a personal simulation by you and your assumptions of same. The repayment results in every case are approximate only. Please contact us for a formal finance quote before applying.

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