Boat Financing In Australia - Comparing Boat Loan rates
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Boat Finance - Compare Boat Loan Rates

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11 Aug Today's
best rate
Finance Boats From
5.48 %
With a low
6.66 %
*The Comparison Rate is calculated on a Secured Loan of $30,000 fixed for a term of 5 years, new goods, effective 11/08/2022 and subject to change. WARNING: The Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.

Why choose Jade for your boat loan?

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As one of Australia’s leading specialist in marine lending, Jade shares your passion to own your own boat or watercraft. So much so that we bring your dream into very sharp reality with better finance at cheaper loans interest rates.

Whether you’re dreaming of a vessel for leisure and recreation, pursuing your favourite sports, as a business venture or if your whole world revolves around the water – we will source you the best watercraft loan deal to suit your individual requirements.

For consumerl recreational use we offer secured lending and unsecured loans. For marine businesses we provide the full suite of commercial marine financing products including Chattel Mortgage, CHP, and Leasing.We have the freedom and resources to tailor every loan to suit your individual requirements.

Cheap interest rates are more than just our company tagline. Cheap rates are our signature, our mission, what drives our consultants to deliver great leisure financing for our customers and your assurance that you are being offered the best watercraft finance deal available.

We achieve cheap rates through our negotiating skills and strong bargaining power across a wide selection of banks and lenders. We accredited with numerous banks and lenders. This vast pool gives us the advantage of assessing and comparing the right lender to suit your marine purchase and the know-how to identify who is offering the best deals. Then start negotiating on your behalf to better their deal.

We offer and compare loans with a full range of watercraft credit facilities – sail, power, super yachts, racing yachts, cruising yachts, family runabouts, sports fishers, trailerboats, cruisers, charter vessels, dinghys, jetskis, water taxis, ferries, barges, inboard and outboard, from all marine manufacturers.

Our nationwide coverage provides customers with the added advantage of having a company that can handle their marine  purchase wherever they are located in Australia and wherever the watercraft they want to purchase is located. With online marketplaces playing a dominant role in the sales market, your Jade consultant can assist not only with your loan but with other aspects of the sale.

Our expertise and in-depth knowledge of the financing and boating industries is celebrated by our massive customer base. Our ability to offer and compare the best loans based on cheaper rates is legendary and our tough negotiating skills and determination to achieve for our customers is unequalled.

For a deal which is streamlined and well-handled, contact Jade now. You’ll be assigned your own consultant to simplify the process and ensure your boating dreams become reality as easily and hassle-free as possible.

With years of experience providing our clients better options on credit or lending Jade has a well developed network with a great selection of loan companies and banks available to compare loans with 100's of loan products at our disposal. We are well educated in marine lending and where to source the better product that benefits you.

Our valued customers have enjoyed continued low cost financing accross many different financing needs. When dealing with our company you have available expert consultants over many different lending needs and financial advice.

Compare Boat Loans from Major Lenders in Australia

Looking for a marine finance? Use our compare calculator to compare the monthly repayments for your dream vessel by some of the most well known lenders.

Loan Amount
Loan Term
Secured Boat Loan
5.48% Secured
6.66% Comparison
Monthly repayment
Variable Rate Loans
13.50% Variable
14.37% Comparison
Monthly repayment
Variable Personal Loan
12.99% Variable
13.86% Comparison
Monthly repayment
Variable Rate Loans
12.69% Variable
13.56% Comparison
Monthly repayment
St George
Fixed Rate Personal Loans
11.49 % Fixed
12.57% Comparison
Monthly repayment
Fixed Rate Loan
7.79% Fixed
8.39% Comparison
Monthly repayment
Fixed Rate Loans
11.99% Fixed
13.15% Comparison
Monthly repayment
Variable Rate Loan
11.89% Variable
12.15% Comparison
Monthly repayment
Lender Product Name Advertised Rate Comparison Rate Monthly Repayment
Jade Secured Boat Loan 5.48%Secured 6.66%
CBA Variable Rate Personal Loan 13.50%Variable 14.37%
ANZ Variable Personal Loan 12.99%Variable 13.86%
NAB Variable Rate Personal Loan 12.69%Variable 13.56%
St George Fixed Rate Personal Loan 11.49 %Fixed 12.57%
Suncorp Fixed Rate Personal Loan 7.79%Fixed 8.39%
Westpac Fixed Rate Personal Loans 11.99%Fixed 13.15%
CUA Variable Rate Personal Loan 11.89%Variable 12.15%
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* Comparison loan with the loan amount of $30,000 is looking at a 5 year secured fixed rate. WARNING: all fees and charges may not be included on the example above, only the comparison rates, monthly repayment and total cost applies. Therefore, the total cost of the loan might be different. Comparison rate do not include documentation origination fees, redraw fees, early termination fees and fee waivers. Comparison rate may change as a result of the different credit terms, fees and the lending amounts.

Boat finance Calculator

Stop dreaming about that new water craft, jetski, dinghy or vessel and take action on making it happen!
Use our online boat finance repayment calculator to get an estimate on repayments for the vessel of your dreams.

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General Boat Loans FAQs

We’ve presented detailed information on many aspects of boat loan on our web pages but realise, you may still have queries. Doubt about getting a loan can hold people back from proceeding with purchasing their dream boat. So we’re addressing a selection of commonly asked questions about boat loans in direct, simple answers. If you have specific questions about your individual boat loan, please call us and one of our consultants will assist you. 1300 000 003

How old do I need to be to get a watercraft loan?   

You need to be 18 years of age to get a loan in Australia. This is a condition of consumer finance under ASIC regulations that Jade must comply with.

Parents, guardians and others over the age of 18 years of age and subject to the guidelines around consumer finance as set by ASIC may apply for loans for people under the age of 18 years. That is, they may approved to apply for the finance on behalf of the person under 18 years of age.

How do I apply for a marine finance?   

The application process involves providing information in regard to your identity, current employment status and employment history, current income and expenses, your assets or current property you own, your wealth in cash and holdings, and any other debts including credit cards and loans that you have and other information in regard to your personal circumstances. The information required in the application forms is determined by the ASIC Responsible Lending Guidelines . You will need to provide consent to the finance company to access your credit history and other permissions to proceed to source you a loan quote.

What do I need to get a marine finance?   

The basic and essential information and/or documents you will need to provide to our consultants include:-

  • To be over the age of 18 years with proof of age via a drivers licence, birth certificate or other form of verification

  • Currently employed or have a source of regular income

  • Employment history

  • Provide proof of identification

  • Details of your residential arrangements: Rent or own? How long at current address? Residential history.

  • Provide information of proof of your financial status including wage slips, expenses and income details

  • Provide information of any debts you currently have including other loans and credit cards


As is required under ASIC rulings you will need to sign the authority for our consultants to seek you a quote for your boat loan. This is not an obligation to proceed at this stage.

Your Jade Boat Loans consultant will provide you with information in regard to consumer credit.

For information in regard to ASIC Responsible Lender Guidelines and consumer credit requirements, please refer to articles in our website library of resources.

Do I need marine comprehensive insurance?   

With a Secured Loans the lender uses the watercraft as security against the loan. With this type of finance, most lenders will require the borrower take out a comprehensive insurance policy. The level of coverage required may vary from lender to lender.

Your Jade consultant will advise you of the scope of the insurance policy required when assisting with your credit application. Comprehensive insurance policies are available from a number of insurers including Club Marine that specialises in marine insurance.

With an Unsecured Personal Financing for a watercarft, the vessel is not offered/taken as security against the loan. Therefore, insurance would not be mandatory for an unsecured finance.

Who qualifies for business marine finance?   

Business or commercial marine finance are available when the watercraft being purchased is used primarily for the purposes of a business or in a business operation. Proof of the use of the watercraft in the business will be requested.

To be eligible for commercial finance, you must have a current ABN, be operating an ongoing business concern and provide the business financial documentation as requested by the lenders. This may include BAS statements, business accounts, annual business income tax return and other financial information.

If a business does not have all the documentation as requested by a lender, Jade can seek a quote for a Low Docs or No Docs Boat loans for the business.

Simply holding an ABN does not automatically make an individual eligible for commercial marine finance.

Can you get finance for all boats?   

In most cases there are loans for power and sailboats, small and large sized vessels, recreational and commercial marine vessels, jet skis, speed, ski, houseboats and many more. While some banks may not offer financing for all types of watercrafts, there are a wide range of non-bank lenders that do offer loans on most types of marine vessels. Loans are available for both new and used watercraft. If the age and condition of an older vessels does not meet the criteria for a secured loan, there maybe a unsecured personal loan that might be suitable.

How much can I borrow on my watercraft finance?   

In many cases, applicants can borrow 100% of the purchase price of the watercraft. This is subject to individual applications and individual lenders. If an application as assessed as the applicant not being in a position to service a loan of that size, it may be requested that you pay a higher deposit to reduce the loan amount.

There is no general rule on the maximum allowed on boat loans. All finance quotes and credit conditions are offered subject to individual applications and individual lenders. Some banks may have limits on the maximum amount they will extend on personal boat loans. Jade is accredited with many lenders so we have access to more options beyond the major banks.

Is there a difference between power boat and sailing yacht loans?   

Individual lenders will take into account the type of watercraft when assessing credit. While as a general guideline, the same interest rate may apply to both power and yacht loans, smaller sailing boats are more usually more suited to an Unsecured Personal Loan.

This type of finance in most cases can have up to a maximum loan of $50k and additional property may be requested as security depending on individual lender requirements. Please refer to our Unsecured Loans webpage for complete details or contact us to discuss options for your particular vessel. 

Marine loans are primarily assessed on the applicant’s details and financial situation. The engine capacity of a power vessel does not affect the general details of a credit application. Both high-powered boats and small outboard boats attract the same financing rates and lending conditions.

Can I include the trailer in my boat loan?   

Yes. If purchasing a trailer watercraft is normal to include the entire boat and trailer package in your loan. Some sellers will sell boats as a complete package while others will be sold separately. You may also choose to purchase the watercraft and trailer separately or upgrade to a better trailer than the one being offered. In both cases, the watercraft and trailer can be included in the same credit application.

Does the waterway where I intend to use my boat affect my finance?    

No. A watercraft loan is quoted and offered on the value of the vessel or the loan amount being requested and aspects of the loan application.

Where you are going to use your watercraft does not affect the interest rate or other aspects of the loan. We provide loans for both inshore and off shore boats including boats that are only used on rivers and lakes and for open water boats.

Where you use and store your boat may affect your marine comprehensive insurance but these are questions you will be asked when requesting a insurance policy.

Why Use Jade Boat Loans

Why such cheap boat loan interest rates?

We try harder for our customers. As professional brokers, we’re working for you and we use our negotiating skills and strong bargaining power with our vast selection of lenders to get you the best rates. Your Jade Boat Loans consultant is only focused on your interests and has the skills and industry experience to know who will offer the best rates on your particular loan specs.

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Using Jade is the right decision

Engaging a specialist marine finance broker to arrange your boat loan is an astute financial decision.We are a leading Australia specialist in marine financing and our depth of experience is your competitive advantage in securing a better watercraft loan. Not all banks and finance companies offer secured lending for marine. As their only option, they may offer you a more expensively priced, generic loan product. That is simply not acceptable in the highly competitive financial environment. Jade Boat Loans is the broker that specialises in leisure and watercraft finance and can source you the best loan.

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A Company That Delivers

Jade Boat Loans is an extremely well established Australian owned company with a proud history of performance in the marine finance sector. We are an Aussie finance broker company so we work only for you, in your best interests. Our consultants are fully trained, licensed finance professionals and you will designated your own broker for quick service, prompt contact and quality advice and guidance throughout the loan process. We deliver not only quality, cheap finance but quality information so you are confident in making well informed financial decisions.

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