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FAQs
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Frequently Asked Questions
Can I get a loan for a used boat?
Yes, we can help you finance a new or used boat from a dealer or private seller. Whether it’s a second-hand cruiser or a pre-loved fishing vessel, we’ll work with you to structure a loan amount and monthly repayments that suit your financial situation and get you on the water sooner.
What types of boats can you finance?
We offer finance for all kinds of watercraft, from jet skis and bowriders to offshore cruisers, yachts, and even houseboats. Whether you're upgrading to your dream boat or just starting out, we’ll help you find the right finance solution.
How long does approval take?
You can often receive conditional approval within just a few hours. Full approval generally takes 1-2 business days, depending on the lender, your credit score, and how quickly you can provide the required documents.
Can I get boat finance if I’m self-employed?
Yes, absolutely. We specialise in helping self-employed applicants access flexible boat loan options. If you don’t have traditional payslips, we can look at low doc and unsecured loans that suit your income style.
How are repayments made?
Most boat loans are repaid through direct debit. You can choose to make repayments weekly, fortnightly or monthly, whatever works best for your cash flow and budget.
Is it better to finance a boat or pay cash?
Financing can be a smart way to preserve your savings, access a higher-quality vessel, and manage your purchase in smaller monthly repayments. Plus, a well-managed loan can help you build or strengthen your credit history over time.
Can I make extra repayments or pay off the loan early?
Yes, many of the lenders we work with allow additional repayments and early payout without penalty. If paying your loan off faster is important to you, let us know and we’ll find the best loan to match your goals.
Are unsecured loans available for boats?
Yes, in certain cases. While most boat loans are secured (using the boat as collateral), we can also explore unsecured loans and personal loans depending on your credit score and the type of boat you’re purchasing.
How can I estimate my loan repayments before applying?
Our boat finance calculator is a great tool to help you plan. Just enter your estimated loan amount, interest rate, and loan term to get an idea of your monthly repayments. Once you’re ready, we can personalise your rate with a quick quote.
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