Compare Boat Finance from 50+ Australian Lenders

Tinnies, runabouts, bowriders, fishing boats and yachts—line up sharp rates and repayments you can plan around.

Emu Money 5 star verified Google Reviews

5.0 rating

Boat Finance Australia
Emu Money Boat Loan

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.

1.

Apply online in minutes

Tell us about you, the boat and your budget.

2.

See matched options

Compare secured vs unsecured and fixed vs variable side by side.

3.

Upload documents

ID, proof of income and recent bank statements are usually enough.

4.

Settle & launch

We coordinate payment with the seller so pickup and registration are smooth.

How Boat Finance Works

Backed by over 50+ lenders

Giving you the best chance of being approved.

Affordable Car Loans
Alex Bank
Angle Finance
ANZ
Australian Motorcycle & Marine Finance
Australian Premier Finance
Automotive Financial Services
Azora
Bank of Melbourne
Bizcap
BOQ
Branded Financial Services
Capify
Capital Finance
CarStart Finance
CFI
Dynamoney
EarlyPay
Equity Tap
Finance One
Finstro
Firstmac
Flexi Commercial
Green Light Auto
Grenke
Latitude
Liberty
Lumi
Metro
Money3
MoneyMe
MoneyPlace
Morris Finance
Moula
Multipli
Now Finance
Pepper Money
Plenti
Prospa
Resimac
ScotPac
Selfco
Shift
SocietyOne
UME Loans
Vestone
Westpac
Wisr
Yellow Gate

Ready to get started?

Compare boat loans from 50+ lenders with one simple application.

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.

Types of boat loans

Choose a structure that fits how you buy and how you plan to repay:

Secured Boat Loan

A boat loan secured against your watercraft offering competitive rates for both new and used vessel purchases. Finance your marine lifestyle with flexible terms.

Loan Amount$5,000 - $1,000,000
Term12 - 84 months
Interest RateFrom 6.74%
Comparison Rate^From 8.41%
Time to Fund24 - 48 hours
EligibilityMinimum income $25,000, Australian resident, Fair credit score
Pros
  • Competitive rates due to boat security
  • Both fixed and variable rate options available
  • Longer repayment terms for expensive vessels
  • Can finance boats, yachts, and jet skis
Cons
  • Vessel serves as collateral - risk of loss
  • Comprehensive marine insurance required
  • Depreciation affects equity over time
  • Storage and maintenance costs additional
Best For

Water enthusiasts seeking competitive financing for boats, yachts, or watercraft with the flexibility to choose their preferred rate structure.

Unsecured Personal Loan

A personal loan that doesn't require collateral, based on your creditworthiness and ability to repay, offering flexibility for various purposes.

Loan Amount$5,000 - $200,000
Term6 - 84 months
Interest RateFrom 6.3%
Comparison Rate^From 7.97%
Time to Fund24 - 48 hours
EligibilityMinimum income $20,000, Australian resident, Fair credit score
Pros
  • No collateral required - no risk to personal assets
  • Quick approval and funding process
  • Flexible use of funds for any purpose
Cons
  • Higher interest rates than secured loans
  • Stricter credit requirements
  • Lower maximum loan amounts available
Best For

People who need flexible funding for any purpose without risking their assets. Ideal for debt consolidation, home improvements, holidays, and old or exotic vehicles.

Fixed Rate Boat Loan

A secured boat loan with a fixed interest rate for purchasing new or used boats, yachts, and watercraft. Enjoy predictable payments while financing your dream vessel.

Loan Amount$5,000 - $1,000,000
Term12 - 84 months
Interest RateFrom 6.98%
Comparison Rate^From 8.65%
Time to Fund24 - 48 hours
EligibilityMinimum income $25,000, Australian resident, Fair credit score
Pros
  • Fixed interest rate provides payment certainty
  • Competitive rates secured against the boat
  • Longer repayment terms available for larger vessels
  • Can finance both new and used boats
Cons
  • Boat serves as security - risk of repossession
  • Cannot benefit from interest rate decreases
  • Comprehensive marine insurance required
  • Depreciation affects loan-to-value ratios
Best For

Boat enthusiasts who want predictable monthly payments and protection against rising interest rates when financing their watercraft purchase.

Variable Rate Boat Loan

A secured boat loan with variable interest rates that can fluctuate with market conditions. Potentially benefit from rate decreases while financing your boat purchase.

Loan Amount$10,000 - $200,000
Term24 - 84 months
Interest RateFrom 6.74%
Comparison Rate^From 8.41%
Time to Fund24 - 48 hours
EligibilityAustralian resident, Fair credit score
Pros
  • Can benefit from interest rate decreases
  • Often lower initial rates than fixed loans
  • More flexible loan features available
  • Competitive rates for quality vessels
Cons
  • Monthly payments can increase with rising rates
  • Uncertainty in budgeting due to rate fluctuations
  • Boat serves as security - risk of repossession
  • Marine insurance requirements
Best For

Boat buyers comfortable with payment variability who want to benefit from potential rate decreases and prefer flexible loan terms.

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

Boat Finance 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.

Loan Amount
$
Establishment Fee
$
Loan Term (months)
Interest Rate
%
Total amount to repay
$0.00
Your repayments
$NaN

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.:

BalloonApprox. Monthly RepaymentNotes

$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

VerifiedVerified Review

Brad was great quick and simple no headaches. just simple process and was done in quick time frame. cant thank him enough.

Danny D.

Review posted on 2024-01-24

VerifiedVerified Review

I couldn't be happier with the service I received! Robyn made the whole car finance process so simple and stress free. She explained everything clearly, kept me updated the whole way through, and went above and beyond to find me the best deal. I honestly didn't think it would be this smooth, but she took care of all the hard work and I was in my new car before I knew it. Highly recommend to anyone looking for finance.

harry b.

Review posted on 2025-09-10

VerifiedVerified Review

Brad provided excellent guidance throughout the entire loan process, making it much easier for me to achieve my financial goals. His expertise and support were invaluable, and I'd highly recommend him to anyone looking for a reliable finance broker.

Marlon

Review posted on 2025-08-13

VerifiedVerified Review

Emu Money does a really good job when it comes to their services. It was pretty easy and smooth, less stressful, quick, Cristal clear, very friendly, to the point...etc I would highly recommend them for anyone My agent was Eujin who made my dream come true with what I wanted achieved. Thanks heaps and all the very best. Regards Lankesh

Lankesh S.

Review posted on 2025-08-06

VerifiedVerified Review

I had such a great experience with Evette when sorting out my car loan. She made the whole process really easy and stress-free, was always quick to answer any questions, and genuinely cared about getting me the best outcome. Super friendly and professional. I'd happily recommend Evette to anyone looking for a car loan!

Dillon F.

Review posted on 2025-08-20

VerifiedVerified Review

I was dealing with Ryan and wow 💯 He Helped me all the way from start too Finsh with my application,I would definitely go through these guys again Thanks👌

Phillip U.

Review posted on 2023-09-27

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.

Can I finance a used boat?
Do I need insurance?
Can I include a trailer and electronics?
How long can I take to repay?
Can I repay early?
Fixed or variable—what’s better?
The information, tools, and material presented on emumoney.com.au are provided for informational and comparative purposes only and do not constitute financial advice or a recommendation. While we strive to ensure the accuracy and timeliness of the information provided, we make no guarantees or warranties, either expressed or implied, regarding the completeness, accuracy, reliability, or suitability of the information, products, services, or related graphics contained on this website. The loan rates, terms, and repayments presented are based on user inputs and the data provided by lenders in our network. These are estimates and indicative figures only. Actual loan rates, terms, and repayments may vary based on the specific lender, your creditworthiness, market conditions, and other factors not accounted for in our tools.
^The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not consider suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.
The minimum loan term available is 12 months, and the maximum loan term is 84 months. Maximum Annual Percentage Rate (APR): The maximum APR, which includes the interest rate plus fees and other costs calculated annually, is 24.95% per annum. Representative Example: For a loan amount of $30,000 over a term of 5 years (60 months) at an annual interest rate of 6.74% p.a., the total repayment amount including all fees and charges would be $36,851.73, with a monthly repayment of $614.2.