Boat finance from 48+ Australian lenders.

Yes. Boat loans cover new and used trailer boats, cruisers, yachts and jet boats from dealers, brokers and private sellers, secured against the boat, with terms of up to seven years and amounts from around $10,000. The trailer and motor are included in the loan when bought together, and private sales need a PPSR check and inspection.

Slightly, on average, because boats depreciate less predictably and are used less often, but secured boat loans are still far cheaper than unsecured personal loans or credit cards. Rates depend on your credit profile, the boat’s age and value, the deposit and the term. A broker compares specialist marine lenders with the banks.

Most lenders finance boats up to about 15 to 20 years old at the end of the term, with older or wooden boats handled by specialist lenders on shorter terms and a deposit. Condition, brand and a survey for larger vessels matter more than age alone.

Some lenders offer balloons of up to 30 per cent on new boats to lower the monthly repayment, with the balloon paid, refinanced or covered by selling the boat at the end. A balloon costs more in total interest, so it suits buyers who expect to upgrade. Your broker shows both repayments.

Yes. Leisure asset lending is available for caravans, camper trailers, boats, jet skis, motorbikes and horse floats, secured against the asset itself. Because these are bought for private use, the loan is regulated consumer credit with responsible lending obligations and a comparison rate. Terms are commonly up to seven years, sometimes longer for larger caravans and boats. Lenders consider the asset's age and type as well as your income and existing commitments.

A leisure asset loan is a secured consumer loan where the boat, caravan, motorbike, jet ski or camper trailer is the security, which keeps the rate lower than an unsecured personal loan. Terms run from one to seven years, repayments are fixed, and a balloon can be set to lower the monthly cost. Lenders quote a comparison rate and assess affordability under responsible lending rules, and the asset must be insured for the term.

Leisure asset loans commonly range from $5,000 to $150,000 or more for large caravans and boats, with lenders financing up to the full purchase price for well-qualified borrowers and often including registration, insurance and accessories. The amount depends on your income and commitments under responsible lending rules and on the asset’s value. A deposit lowers the repayment and can improve the rate.

Yes. Private-sale boats, caravans and bikes are financed with a PPSR check to confirm no finance is owing, verification of the seller, and usually an inspection or valuation. Most lenders set an age limit at the end of the loan, which varies by asset type and is often longer for caravans than for jet skis. Allow a few extra days compared with a dealer purchase for the checks.

Yes. Lenders require comprehensive insurance on a secured leisure asset for the life of the loan, with the lender’s interest noted on the policy, and evidence is needed before settlement. Premiums can often be included in the amount financed. Your broker can point you to insurers who cover the asset type.

Conditional approval is often given within 24 to 48 hours of a complete application, with settlement to the dealer within a day or two of signing. Private sales take a few days longer for the PPSR check and inspection. If you are buying at a boat show or from a dealer with a deadline, tell your broker and approval can be arranged in advance.