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Boat Loans

Compare flexible and low rate loans for yachts, dinghys, jet-skis, powerboats and most marines.

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Boat Loans
Thomas Perrotta Written By: Thomas Perrotta
Last Updated: 07/05/2025
Fact Checked

Being out on the open water brings with it a sense of calm, in many ways being the ultimate getaway for the busy Australian. We can help you source and purchase your next boat whether brand-new from a dealer or used in a private sale. We’re partnered with a range of reputable lenders who specialise in helping Australians like you secure finance for the boat or leisure craft you’re after with minimal fuss and maximum satisfaction.

With the help of a member of our finance consultant team, the heavy lifting can be done for you on your boat loan application, with the entire process taking place online and handled by experts. You can get the boat finance process started with us today by taking out a free, no-obligation quote.

Why apply for a leisure loan with Savvy?

Have the hard work done for you

Once you tell us about yourself and the loan you're after, we'll compare offers for you and prepare your formal application.

Trusted lender panel

We're partnered with some Australia's leading lenders to bring you a range of competitive offers to compare in one place.

Award-winning service

We're a Platinum Trusted Service Award winner with Feefo and our rating of 4.9 stars our of 5 shows our customers' satisfaction.

WHAT OUR CUSTOMERS SAY ABOUT THEIR FINANCE EXPERIENCE

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I can’t recommend Vas highly enough! As a finance professional, he went above and beyond to secure me an incredible deal on my car loan. From our first conversation, he was friendly, professional, and completely transparent about the process. He took the time to explain all my options in clear terms and made sure I felt confident every step of the way. Thanks to Vas’s dedication and expertise, I ended up with a loan that had a much better interest rate than I expected and terms that suited my budget perfectly. What really stood out was how proactive he was—constantly checking in, answering my (many!) questions with patience, and pushing to get me the best outcome possible. If you’re looking for someone who truly has your best financial interests at heart, Vas is your guy. He made what could have been a stressful experience feel easy and even enjoyable. Five stars all the way! ⭐⭐⭐⭐⭐
 
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Anonymous
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Damien provided fantastic service, everything was processed quickly and smoothly with no problems he also helps with organising insurance so everything was all completed prior to picking up our car. Thank you so much for the excellent service Damien.
 
Raymond Kotz
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I looked online for car finance and found savvy and they were very prompt in returning my call My consultant was great and was very helpful I highly recommend them
 
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Great customer service
Jack was a pleasure to work with. Constantly updated me with all the info and made it a great experience
 
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Customer Feedback
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Claire - The Super Finance Consultant
I dealt with Claire who was super helpful and informative. She took the time to understand what was important to me and found a provider who fit the bill. Super grateful for her patience and diligence and would happily recommend her.
 
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Charles was absolutely amazing! Would recommend him to anyone and anyone. Always there when I needed a question answered or his advice! Exceptional customer service! Will be using Charles in the future should I need any more finance.
 
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Savvy is rated 4.9 for customer satisfaction by 6323 customers.
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Crunch the numbers

with our loan repayment calculator

$500
$200,000

Your estimated repayments

$98.62

Weekly Fortnightly Monthly
Total interest paid: Total amount to pay:
$1233.43 $5,143.99

How to apply for your boat loan with Savvy

  1. Fill out our simple online application form

    Start by telling us about what boat you’re after and some information about yourself, like your employment, income, credit score and more.

  2. Supply any required documents

    In some cases, if we need more information to verify parts of your application (such as your income), we may ask for a few more documents. You can submit these through our portal.

  3. Speak about your finance options with us

    From there, your consultant will compare the best offers available for your profile. We’ll give you a call and, if you’re happy with the top choice, we can take the next step.

  4. Have your formal application prepared and receive approval

    Your consultant will put together your application to meet your lender’s specifications and submit it to them. Approval can come as soon as one business day after.

  5. Signed, sealed and your boat delivered

    After approval, we’ll send you all the forms to sign, which you can do electronically via our portal. We’ll handle the settlement of the boat and, once that’s done, it’s all yours!

Common questions about boat loans

Which types of boat can I finance?

There’s a wide range of boats for which you can get a loan approved through Savvy. Whether you’re looking for a sailcruiser, yacht, dinghy, motor cruiser, powerboat, keelboat, trailer sailer or anything else, you can apply for finance through us today.

Can I still get approved for a boat loan if I have bad credit?

We may be able to help those who have struggled with their credit in the past get approved for boat finance. You can speak with your consultant about what your available options are if you find yourself in this position and want to purchase a vessel to hit the water on.

How do I work out how much my repayments cost?

There are many variables which help determine the cost of your repayments, such as the size of your loan, the length of your term and your interest rate. However, you can quickly and easily work out what these may be by using our repayment calculator above. This enables you to input all the above variables, as well as how often you’ll make repayments, to provide an estimate of how much your loan may cost you per instalment or overall.

How should I compare boat loans?

There are several key areas you should look at when comparing boat loans, which your consultant will also look at for you. These include:

  • Interest rates
  • Fees
  • Available loan terms
  • Minimum loan amount
  • Vessel eligibility criteria
  • Applicant eligibility criteria
Can I apply for a boat loan if I’m self-employed?

You can still qualify for a loan to purchase a boat if you’re self-employed, provided you can supply all the documents required to verify your income. Because self-employed individuals generally don’t receive payslips, you’ll typically be asked to provide the last one to two financial years’ worth of tax returns to display your earnings.

Will I be able to take out a boat loan if I’m retired?

We may be able to help applicants who have retired and are looking for finance for a boat, provided the income you’re receiving is stable enough to support your repayments. Some of our lending partners accept the aged pension as a source of income, so your consultant can help you find a suitable loan for your needs.

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Disclaimer and important things you should know

Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.

We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.

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