Written by Life is too short to not enjoy your free time. Whether you'd like a boat to go fishing, a Harley Davidson to cruise or a caravan for weekend adventures, it can be secured with a leisure loan.
Leisure loans are fairly similar to car loans. The loan is secured to the asset (such as a boat) that you finance. That means the funds you've been approved for can only be used on that leisure item and your repayments go towards paying it off. Leisure finance is different to a personal loan. That means you can't take your approved finance and spend on whatever your heart desires.
Types of leisure loans
There's a few different items that are classified as leisure. They are most commonly:
If you're looking to secure finance for a more extreme toy such as a go kart or drag racing vehicle it's more likely to be classed as a personal or even business loan pending how you use it. The good news is Savvy can still assist you with financing for it.
Why compare leisure loans with Savvy?
Once you tell us about yourself and the loan you're after, we'll compare offers for you and prepare your formal application.
We're partnered with some Australia's leading lenders to bring you a range of competitive offers to compare in one place.
We're a Platinum Trusted Service Award winner with Feefo and our rating of 4.9 stars our of 5 shows our customers' satisfaction.
Are leisure loans more expensive than car loans?
Yes, leisure finance rates are usually higher than a car loan. As of March 2025 Savvy has car loan rates starting from 5.94%. The best rate available for leisure loans begins at 6.74%.
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Savvy is rated 4.9 for customer satisfaction by 622 customers.
Crunch the numbers
Have questions about leisure loans?
Yes – you can use our online loan calculator to find out a rough estimate of how much a loan will cost long-term and with each repayment. It’s free to use and there’s no obligation to apply.
Yes – if you meet one of our lenders' eligibility requirements, we can help people with bad credit find a leisure loan.
Yes! Our financial professionals are here to help. Call us on 1300 974 066 to get your leisure finance process started.
Yes! We help the self-employed, entrepreneurs, and even retirees find leisure finance loans that suit their needs.
Savvy finances all types of leisure craft. If it floats or drives, we'll help you find a loan product best suited to your situation and budget among our panel of lenders.
Yes! Savvy specialises in financing boats, jet skis, caravans, and motorbikes bought in private sales.
Yes! We offer pre-approval so you can start your leisure craft purchase the right way.
