Boat Loans for Personal Use

Looking to get out on the water? Let Aussie Boat Loans take the hassle out of obtaining your boat finance, whether you’re buying from a boat dealership or a private seller.

With access to a panel of lenders including banks and major finance companies, we can tailor a loan package ideal to your individual situation with competitive interest rates. Let us work for you! Apply online today!

There are two types of boat loans available for personal use; Secured loan or unsecured loan (see descriptions below). For either type, Aussie Boat Loans can organise the finance for your purchase, which can then be repaid over a period of up to 7 years.

Scheduled weekly, fortnightly or monthly payments can be made by internet banking, direct debit, direct payroll deductions, BPAY, or other payment methods where applicable. Try our easy to use boat finance calculator now to get an indicative look at what your repayments will be. Our video section can also help you to get some important tips related to boat and boat finance.

For added peace of mind, you can also add insurance; Comprehensive, warranty, security shortfall (Gap) and loan protection insurance: to your loan. No deposit Finance is available.

Boat Finance Interest

The loan will have a fixed interest rate, which means the interest is calculated on the unpaid balance daily, just like a home loan. Extra or additional payments will obviously reduce the outstanding balance and therefore reduce the interest charges. This can ultimately shorten the loan term and reduce the overall cost.

Balloon Payments

Balloon payments or residual options are available. By setting a balloon payment for the end of the term you can reduce your monthly payments, to satisfy your budget. At the end of the term, you can either pay out the full amount, upgrade your boat or re-finance the balloon amount and continue paying off the asset over a new loan period (subject to approval conditions at that time).

Secured Boat Loans

This is a type of loan that uses the purchased boat, marine vessel or another asset as collateral or security for the loan so that if you can't make your agreed repayments, your lender has the right to take possession of the secured asset and sell it to cover the remaining cost of the loan. This is the most common form of boat loan provided in Australia.

Secured loans have a lower interest rate than unsecured loans, and have a minimum loan amount of $5,000. Some other conditions include: 

  • The vessel must be 8 years old or less
  • Fixed Interest Rate
  • 3 - 5 year loan term 

Unsecured Boat Loans

This is a very versatile loan, as it can be used for nearly any purpose including debt consolidation, for a holiday, weddings, or even boats that do not qualify for the secured loans option. There is no security required for this type of loan, and as a result, interest rates are slightly higher than secured loans as they are riskier for the lender.


Apply For Boat Finance


Repayment Calculator

Loan Amount:
Interest Rate:
Comparison Rate:
Loan Term:
Disclaimer APPLY NOW

Buying A Boat

With finance through Aussie Boat Loans, you'll be spoilt for choice

Our Partners

  • Suncorp Bank
  • AFS
  • CIL Insurance