Compare Boat Finance from 50+ Australian Lenders
Tinnies, runabouts, bowriders, fishing boats and yachtsâline up sharp rates and repayments you can plan around.
5.0 rating
Boat Finance Made Simple
Get on the water sooner and keep your savings for fuel, gear and weekends away. Weâll help you choose a loan that fits your budget and the boat you want.
Borrow With Confidence
Typical amounts from $5,000 to $150,000+
Flexible Terms
1 to 7-year options so repayments feel comfortable
Fast Approvals
Eligible applications can be assessed quickly
New or Used
Dealer, broker or private sale supported
Fixed Repayments
Lock in predictable monthly instalments
Bundle Extras
Electronics, trailer, safety gear and insurance can often be included
How it works
Compare offers in minutes, choose your lender and organise settlement without the run-around.
Apply online in minutes
Tell us about you, the boat and your budget.
See matched options
Compare secured vs unsecured and fixed vs variable side by side.
Upload documents
ID, proof of income and recent bank statements are usually enough.
Settle & launch
We coordinate payment with the seller so pickup and registration are smooth.
Backed by over 50+ lenders
Giving you the best chance of being approved.
A quick guide to boat finance
A boat loan lets you buy now and pay it off over 1â7 yearsâso you can spend summer on the water, not waiting on savings. Most borrowers choose a secured loan using the boat as collateral for sharper pricing; unsecured options add flexibility when needed.
Your rate and limit depend on income, credit history and the boatâs age/value. Newer or well-kept boats often unlock better pricing and longer terms, while older hulls can still be financed with slightly different limits. The right structure keeps repayments comfortable and your boating plans afloat.
Want to skip ahead?
Jump to the section you need.
Types of boat loans
Choose a structure that fits how you buy and how you plan to repay:
What can you use a boat loan for?
Finance the boatâand the gear that makes days on the water safer and more fun.
New Boat Purchase
Runabouts, bowriders, cabin cruisers, centre consoles or RIBsâfinance the model that suits your waters.
Used Boat Purchase
Buy pre-owned from a dealer, broker or private seller with terms suited to age and value.
Fishing Setups
Outfit a tinny or offshore rig with sounder/GPS, electric motor, livewell and rod storage.
Wake & Ski Boats
Spread the cost of inboards, towers, ballast and wetsound upgrades.
Sailboats & Trailer Sailers
Finance sails, rigging refresh, safety gear and trailer upgrades.
Repairs & Refurbs
Cover repowers, electronics, upholstery, gelcoat and major servicing.
Trailer & Tow Gear
Include trailer, winch, tie-downs and tow bar so youâre launch-ready.
Safety & Essentials
Bundle PFDs, flares, VHF, EPIRB/PLB, anchors and covers into one repayment.
Mooring & Storage Costs
Some lenders allow marina/yard fees, rego and insurance to be included.
Case Study
Sam & Jess
Sam & Jess upgrade to a family bowrider without draining savings
Challenge: Sam and Jess wanted a late-model bowrider with a wake tower and updated electronics, but they preferred steady repayments over a big upfront hit.
Solution: A secured, fixed-rate loan over 5 years financed 90% of the purchase price, with the sounder/GPS and safety kit bundled at settlement.
After comparing offers through Emu Money, Sam and Jess locked in a competitive fixed rate and rolled the essentials into the same facility. One predictable repayment made weekend launches easyâno budget surprises.
How much can you borrow?
Boat loans typically range from $5,000 to $150,000+. Your limit depends on income, credit profile and vessel age/value. Newer boats and higher-value rigs can qualify for larger limits; older boats can still be financed with slightly shorter terms or lower maximum LVRs.
Terms generally run 1â7 years. Shorter terms mean higher monthly repayments but less interest overall; longer terms keep repayments lower but increase total interest paid. Weâll help you find the balance that fits your plans.
Boat Loan Repayment Calculator
Estimate repayments before you commit. Adjust amount, rate, term and balloon to see what fits your budget.
Balance over time
Are you eligible for boat finance?
Lenders want to see that repayments fit comfortably alongside your other bills. Theyâll review your income, employment stability, credit history and recent bank statements. The boat matters tooânewer or well-maintained vessels often attract sharper pricing and longer terms, while older hulls may have shorter terms or lower maximum LVRs. If your credit isnât perfect or youâre self-employed, specialist lenders may still have options.
You may be eligible if you are:
An Australian resident aged 18+
Earning a regular income (PAYG or self-employed)
Able to provide payslips or bank statements
Buying an eligible new or used boat from a dealer, broker or private seller
How to apply for a boat loan
Apply online in a few minutes, upload your documents and weâll match you with lenders. Pick your offer and weâll handle settlement with the seller so pickup, registration and insurance are seamless.
Documents you may need:
Driverâs licence or passport
Recent payslips or bank statements
Employment/ABN details if self-employed
Vessel details (HIN/VIN, invoice/quote) + trailer details if applicable
How to save money on a boat loan
Look beyond the headline rate. Secured loans usually price sharper than unsecured. A balloon payment can lower your monthly cost but leaves a lump sum at the endâset it to a level that aligns with expected resale value. Newer boats and clean histories often qualify for better pricing. Bundle electronics, trailer and safety gear at settlement so theyâre financed at the same competitive rate, and always check fees and early-repayment policies to avoid surprises.
Example: Balloon impact â $60,000 over 60 months at 8.79% p.a.:
| Balloon | Approx. Monthly Repayment | Notes |
|---|---|---|
$0 | $1,240 | Highest monthly cost |
10% ($6,000) | $1,116 | Lower monthly cost |
20% ($12,000) | $992 | Balance of cost vs cash flow |
30% ($18,000) | $868 | Lowest monthly cost; plan to clear balloon |
Boat loan options explained
These features shape cost and flexibilityâpick what suits how you use your boat:
Secured vs Unsecured
Secured uses the boat as collateral for sharper rates. Unsecured can be faster and more flexible but usually costs more.
Fixed vs Variable
Fixed keeps repayments steady; variable can move with market ratesâpotential savings if rates fall, higher costs if they rise.
Balloon Payments
Lower monthly repayments by deferring a lump sum to the endâhave a plan to pay, refinance or sell.
Early Repayment Flexibility
Some lenders allow extra repayments or early payout with little/no penalty, helping you save interest.
Fees & Charges
Check establishment, monthly and exit feesâthe true cost is rate + fees + time.
Testimonials
Verified Review
Emu money is fast and reliable Thanks Ryan for your help Highly recommended for your finance needs
Nabi S.
Verified Review
Eujin made the process of securing a personal loan and car finance quick and hassle-free. He was efficient, easy to deal with, and provided excellent service. Highly recommend!
Nisal M.
Verified Review
We highly recommend Brad, he went above and beyond to assist us and kept us informed all the way through the process. 5 stars all the way!! loooking forward to working with you again when we need to purchance our next hooist or other workshop equipment!! cheers
Gregory S.
Verified Review
Ryan was Very helpful through the entire process and made everything super simple for me. Had no issues altering and changing to suit my needs throughout
Kye Z.
Verified Review
I was dealing with Ryan and wow đŻ He Helped me all the way from start too Finsh with my application,I would definitely go through these guys again Thanksđ
Phillip U.
Verified Review
Brad was great, honest, responsive and on the ball, thanks for your help :)
Chantelle F.
Frequently Asked Questions
Boat Loan FAQs
These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.
