Compare Boat Finance from 50+ Australian Lenders
Tinnies, runabouts, bowriders, fishing boats and yachts—line up sharp rates and repayments you can plan around.
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Boat Finance Made Simple
Get on the water sooner and keep your savings for fuel, gear and weekends away. We’ll 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 1–7 years—so 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 boat’s 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.
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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 boat—and the gear that makes days on the water safer and more fun.
New Boat Purchase
Runabouts, bowriders, cabin cruisers, centre consoles or RIBs—finance 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 you’re 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 easy—no 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 1–7 years. Shorter terms mean higher monthly repayments but less interest overall; longer terms keep repayments lower but increase total interest paid. We’ll 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. They’ll review your income, employment stability, credit history and recent bank statements. The boat matters too—newer 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 isn’t perfect or you’re 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 we’ll match you with lenders. Pick your offer and we’ll handle settlement with the seller so pickup, registration and insurance are seamless.
Documents you may need:
Driver’s 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 end—set 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 they’re financed at the same competitive rate, and always check fees and early-repayment policies to avoid surprises.
Example: Balloon impact — $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 flexibility—pick 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 rates—potential savings if rates fall, higher costs if they rise.
Balloon Payments
Lower monthly repayments by deferring a lump sum to the end—have 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 fees—the true cost is rate + fees + time.
Testimonials
Verified Review
I've got the best service at Emu Money and their willingness to help you out. Evette went out of her way to help assist for the desired results. I will highly recommend them to anyone. Evette's industry knowledge & service was exceptional! I highly recommend her & will definitely reach out should we need any financial services in the future. Thank you
Mazhar A.
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The service and delivery was excellent Extremely understanding and caring for that matter which i find is very rare within a lot of this ground of work 10/10 recommend to go through Evette when financing something , there will be zero disappointment or let down on your end
Music
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Sham S.
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We recently had the pleasure of working with Eujin to secure a car loan, and we couldn't be more grateful for his assistance. Eujin went above and beyond to ensure we got the best possible terms. His professionalism, dedication, and willingness to help were evident throughout the entire process. Thank you, Eujin, for making this experience smooth and stress-free. Highly recommend his services!
Bstl 1.
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Incredibly seamless experience! Highly recommend
Tracy W.
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Great boutique provider of finance services. Emu were very helpful in improving my financial situation, despite the fact they had to do most of it remotely. Highly regarded and completely trusted. A+++
Thomas M.
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.
