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Boat Finance

A secured loan is one of the most common ways to finance a new or used boat, offering competitive interest rates and structured repayments. Because the boat is used as security, lenders can reduce their risk and provide more favourable options across different boat loans. A secured boat loan may suit you if you prefer a clearer repayment structure that helps you plan your budget.

A secured structure may benefit customers who want lower interest rates, higher borrowing limits and predictable, set repayment budgets. With access to more than 60 lenders, our specialists can help you compare secured loan structures, understand eligibility requirements and choose an option that fits your budget and long-term plans. We can also help you compare how secured options differ for new or used boat purchases to support clearer decision making.

Unsecured loans allow you to purchase a boat without offering the vessel as security. Because the lender is not holding the boat as collateral, rates can vary, but this option gives you more flexibility if you are considering an older model, a unique vessel or if you expect to upgrade later. An unsecured boat loan also works well for buyers who want a straightforward setup without tying the boat to the loan.

This type of structure suits customers who want more freedom to sell or upgrade the vessel, prefer broader flexibility in how funds are used or are looking at used boat loans for older vessels. If you want a simple and adaptable loan without asset security requirements, our team can help you compare unsecured options and choose a structure that best supports your plans.

Business boat loans are designed for customers purchasing vessels for work-related purposes such as tourism, commercial fishing or charter operations. These commercial boat loans may offer competitive rates, flexible terms and tax advantages depending on your business structure. A business boat loan can give you more control over cashflow, especially when your income shifts with the season or your workload.

Businesses may be able to claim GST on eligible purchases, access interest deductions and apply depreciation benefits throughout the life of the asset. Repayments can also be structured to suit your operational cashflow, giving you more control over expenses.

Our commercial finance specialists can help you compare lenders, understand documentation requirements and determine the most suitable structure for your commercial goals.