Boat Loans
Compare flexible and low rate loans for yachts, dinghies and other boats with Savvy today. Get started with a free quote.
Fact checked
Lower rates on boat loans
If you’re looking to add to the almost 1 million boats currently registered in Australia (as of July 2022), it’s important to take the time to consider what the best boat loan for your needs may be when purchasing it. That’s where Savvy can help you. 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.
Marine finance your way
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. We can help you source and purchase your next boat whether brand-new from a dealer or used in a private sale. You can get the boat finance process started with us today by taking out a free, no-obligation quote.
The features and benefits of boat loans with Savvy
Competitive interest rates
With so many lenders on our panel, we’re in a great position to help you compare options and pick out the loan offer which has the most affordable interest for your situation.
Repay over one to seven years
You can choose the time over which you repay your boat loan debt, ranging from as few as 12 months up to as long as seven years, providing a range of options for how you wish to service it.
Any boat, new or used
Regardless of whether you’re looking to buy a used dinghy or a brand-new yacht, Savvy can help you source your boat and financing from around Australia.
Up to 100% of your boat’s purchase price
We can help you get approved for a loan worth up to 100% of the purchase price of your boat, with no deposits required as part of the process (subject to your borrowing power).
Fast and online approvals
Through our simple online form, you can have your application completed in ten minutes and submit your documents to potentially have your loan settled within two business days.
Commercial solutions available
If you’re on the lookout for a boat for your business, such as if you run a fishing company, we can help you secure commercial financing through a chattel mortgage or leasing agreement.
Simple pre-approvals
You can also apply to get pre-approved through Savvy, which can provide you with a clearer idea of what your budget may be before you go out and start shopping around.
No effect on your credit score
When processing your application, your consultant will conduct a soft credit check, which means that applying through us will help you avoid your credit score being impacted.
Why apply for your boat loan through Savvy?
Trusted lenders on our panel
With specialist boat and leisure finance lenders on our panel, we can help you connect with one suitable for your needs.
Guidance from finance experts
Your consultant will help you along every step of the way, from the start of your application to approval and settlement.
Online and paperless
Through Savvy, you can apply on the go or from the comfort of your home, with a paperless process along the way.
What our customers say about their finance experience
Savvy is rated 4.9 for customer satisfaction by 588 customers.
How to apply for a boat loan with Savvy
Submit your online application
Firstly, tell us about yourself and the boat you’re after. This will help your consultant determine which lenders and loans are most suitable for you. You can do this online or apply over the phone.
Send through any necessary documentation
If we require any further documentation as a way to verify your income and employment, you can submit these via our online portal. You can also sign documents electronically here (such as your consent form).
Speak about your options with your consultant
Once we’ve compared from our lenders, your consultant will reach out to inform you of what the best options are and provide an indicative interest rate. If you’re happy, you can give the go-ahead to proceed.
Get approved, settle and sail away
Your consultant will prepare and submit your application for formal approval, which can come in as few as one business day. We’ll handle the settlement with your vendor, after which the boat is all yours!
