Secured Boat Loans

Looking for a secured loan for your new boat? You’ve come to the right place. Credit One are Australia’s leading brokerage for competitive boat loans and finance.

Typically, secured loans feature a lower interest rate than unsecured lending. With a secured boat loan, the boat is used as security. An amount is lent that is either equal to, less than or greater than the value of the boat.

If you’re looking for a secured boat loan in Australia, Credit One are here to help. As the country’s leading marine finance brokers, we connect our customers with customised secured finance deals to meet every requirement for their new vessel.

How a Secured Boat Loan Works

  1. Under a secured boat loan, the financier advances funds to the customer to purchase a boat.
  2. The customer takes ownership of the vehicle at the time of purchase, and the financier takes an interest in the boat as security for the loan.
  3. Once the contract is completed, the financier lifts their interest in the boat, giving the customer clear title.

Choosing Credit One for Secured Boat Loans

Credit One is dedicated to delivering the most extensive secured financing options available for Australians who love heading out onto the water. We understand that there are a variety of reasons one might need a loan, which is why we’re committed to offering a variety of specialised loan options through our partnerships with lenders.

Your next boating adventure can be made possible with affordable, flexible, and simplified finance. Credit one is here to help Australians find the perfect secured boat loan. By comparing the market of our partnered lenders, we’ll do all of the hard work in ensuring you’re offered the best secured finance for your unique set of circumstances.

Where going to one of the big banks for a secured boat loan can be quite limiting, we’re here to make your decision easier by shopping the market for you. We’ll take the time to get to know you, your dream vessel, and your financial circumstances before matching you with the most suitable secured loan solutions.

Frequently Asked Questions

How do I apply for a secured boat loan?

Applying with Credit One is easy! All you need to do is get in touch with our marine finance specialists online or by calling 1300 273 348 to talk to someone about your next secured boat loan.

What can I purchase with a secured boat loan?

If you’re looking for a secured boat loan, we can help with both new vessels and second hand leisure vehicles. Credit One customers can benefit from financing options across private sales, purchases from a dealer, and those that are looking to shop the second hand market.

If you are considering a secured loan for your second hand boat, it’s important to know that interest rates can vary depending on whether the boat is new or used. Lenders will often take into account the age of the boat, its condition, any servicing needed, and service history before presenting us with your options for secured boat finance.

Generally speaking, a boat purchased brand new will always garner a lower interest rate than a second hand one. What’s more, financiers will typically only grant a loan period that is relative to the age of the boat. So, the age of the boat will come into consideration before determining your eligibility. For more information on getting a secured loan on a second hand boat, get in touch with Credit One.

How do the rates differ for a secured boat loan?

Generally speaking, secured loans typically attract a lower interest rate as there is more security for the lender. Similarly, unsecured loans generally come with a higher interest rate.

Can I still get a loan with bad credit history?

While an unfavourable credit history on paper is likely to lower your chances of getting a loan from a financial lender, we understand that it does not tell the whole story.

We are proud of the strong relationships we have with all our lenders, and we work hard to continually negotiate the best outcome for each of our customers. We are also fortunate enough to have other options that other finance firms do not have available to them, such as accreditation with private financiers to help get you a loan, regardless of your financial history.

How long will the process take with Credit One?

Credit One are Australia’s experts when it comes to secured loans for boats and marine leisure vehicles. As such, one of our pride points is being able to provide the fastest possible service on competitive rates.

Our premium boat finance solutions can often be arranged on the same day. However, how long it takes to confirm and secure your loan from the lender will depend on your individual financial circumstances, documents, and objectives. For a more accurate timeframe, get in touch with the friendly experts at Credit One today.

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