Finance for your next boat purchase?

Boat Finance - Getting your dream afloat

Choosing a boat that's right for you requires careful research, common sense balancing of your requirements and, of course, money. There are mooring, maintenance and insurance costs to consider. Not to mention all the ‘essential extras' that your boat will need once it becomes yours.

Along the way it pays to get advice from people with experience – especially when it comes to financing your boat.

Secured Loan

If you're a recreational private buyer who wants to own their boat outright, the Marine Loan is the best way to stop dreaming and start boating.

  • All costs, registration and insurance can be included in the loan, helping to manage your outgoings.
  • Terms range from 1 – 7 years and you can pay monthly or fortnightly.
  • Our interest rates are fixed for the term of the loan, so you are protected from rate rises.

Term Purchase Loan

If you intend to use your boat for business purposes, including chartering, the Asset Purchase Loan is probably the most cost-effective option for you.

  • All costs, registration and insurance can be included in the loan, helping to manage your outgoings.
  • Terms range from 1 – 7 years and you can pay monthly or fortnightly.
  • Our interest rates are fixed for the term of the loan, so you are protected from rate rises.
  • Your business related expenses may be tax deductible – and you still own the boat at the end of the loan term.

Chattel Mortgage

If your business uses a cash accounting system, there may be a tax benefit for you in financing with a Chattel Mortgage.

  • All costs, registration and insurance can be included in the loan, helping to manage your outgoings.
  • Terms range from 1 – 7 years and you can pay monthly or fortnightly.
  • Our interest rates are fixed for the term of the loan, so you are protected from rate rises.
  • Your business related expenses may be tax deductible – and you still own the boat at the end of the loan term.
Features
  • Loan terms of between 1 - 5 years with a residual value at the end of the contract to allow repayments to suit your budget.
  • Loans start from as low as $5,000.
  • Repayments are fixed for term of contract and can be structured to suit you.
  • No GST on the repayments.
  • 100% finance or with an optional deposit / trade.
  • Repayments can be made via direct debit from a nominated bank account, BPAY or via a coupon book.
Benefits
  • Fast approval.
  • Apply over the phone.
  • The Input Tax Credit may be claimed upfront via your BAS rather than over the life of the loan.
  • Business usage and expenses may be claimed against your taxable income.
  • Structure repayments to suit seasonal cash flow.
  • Repayments fixed for the term of contract enabling you to budget your monthly expenditure.