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Boat Loans Interest Rates

28 Jan Today's
best rate
Finance Boats From
4.49 %
Fixed
With a low
5.67 %
Comparison*
*The Comparison Rate is calculated on a Secured Loan of $30,000 fixed for a term of 5 years, new goods, effective 28/01/2021 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.

Compare Boat Finance Rates

We pride ourselves on achieving better interest rates on marine loans. See for yourself how our rates deliver better loan repayments compared with other lenders in the market. Just enter the amount of your loan and the number of years you would like to repay the loan and our comparison tool calculates the possible repayments.

Loan Amount
Loan Term
Jade
Boat Loans
4.49% Secured
5.67% Comparison
$641.75
Monthly repayment
CBA
Variable Rate Loans
13.50% Variable
14.37% Comparison
$859.25
Monthly repayment
ANZ
Variable Personal Loan
12.99% Variable
13.86% Comparison
$846.5
Monthly repayment
NAB
Variable Rate Loans
12.69% Variable
13.56% Comparison
$839
Monthly repayment
St George
Fixed Rate Personal Loans
11.49 % Fixed
12.57% Comparison
$814.25
Monthly repayment
Suncorp
Fixed Rate Loan
7.79% Fixed
8.39% Comparison
$709.75
Monthly repayment
Westpac
Fixed Rate Loans
11.99% Fixed
13.15% Comparison
$828.75
Monthly repayment
CUA
Variable Rate Loan
11.89% Variable
12.15% Comparison
$803.75
Monthly repayment
Lender Product Name Advertised Rate Comparison Rate Monthly Repayment
Jade Boat Loans 4.49%Secured 5.67%
$641.75
CBA Variable Rate Personal Loan 13.50%Variable 14.37%
$859.25
ANZ Variable Personal Loan 12.99%Variable 13.86%
$846.5
NAB Variable Rate Personal Loan 12.69%Variable 13.56%
$839
St George Fixed Rate Personal Loan 11.49 %Fixed 12.57%
$814.25
Suncorp Fixed Rate Personal Loan 7.79%Fixed 8.39%
$709.75
Westpac Fixed Rate Personal Loans 11.99%Fixed 13.15%
$828.75
CUA Variable Rate Personal Loan 11.89%Variable 12.15%
$803.75
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*Disclaimer: Comparison Rate Calculations are based on a $30,000 secured personal loan 5 year term at a fixed interest rate. The comparison rate is true only for the examples given and to be used as a comparison guide only as the interest rate you achieve on your loan may vary from the rates indicated. Not all loan fees and charges applied by individual lenders and finance brokers are included in the calculations. The repayments you are offered on your specific loan may vary from what is displayed. Use of this comparison tool is not an indication of a credit offer, financing approval or lending application.

Cheaper Boat Finance Rates at Jade

Make certain that prior to look for lending that you have talked to Jade and compared your rates with our competitive leasing and lending options. Specialists in the finance industry, Jade has been providing marine financing for over 10 years and will never be outdone!

We can offer better interest rates that many can not.

Compare Interest Rates

We compare rates from various Australian lenders. Any banking institution or financier may price their particular loan in different ways. The interest rates could be seriously affected by various reasons. Even much worse, the unsuitable financial institution could mean not getting an approval or adequate finance offer! Some types of various that could impact your interest rate pricing:

  • How much money you would like to borrow,
  • Time period that you will go onto payback the loan,
  • The age of the Goods
  • Ones credit rating in addition to lending risk your finance application presents.

Why not get Jade Finance carry out the task and get great prices with your new loan? Contact Jade today to get a accurate boat loans quote

 

Get a quote

Request a free finance quote by calling 1300 000 003 or directly online.

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Boat Loan Interest Rate FAQs

The issue of interest rates can raise a lot of questions for both new boat loan buyers and even those who are long-time borrowers. Interest rates differ across different sectors of consumer finance and we appreciate that many people will have queries. To elaborate on the information provided in our web pages and in our blog articles, we’ve addressed some direct questions right here. For more answers, just get in touch with Jade Boat Loans.

Why is the commercial interest rate lower than the personal interest rate?   

Commercial marine finance are for business borrowers. In general, due to the nature of a business operation, a business is deemed a lower risk by lenders than personal loan borrowers.


Business have ongoing trading operations are often operating from a fixed place of business and often have many other aspects including additional security by way of property and equipment which make them a more secure borrower.


A personal borrower is deemed a higher risk assessment compared with a business and that is reflected in the different interest rates for business and personal use marine loans. This difference in business and personal loan interest rates is consistent across all types of finance – boats, cars, etc 

What will my boat loan interest rate be?   

The interest rate that Jade is currently advertising is today’s best rate for watercraft loans and a general guide. This rate is derived on numerous calculations and formulations which take into account what our lenders are offering, global economic influences and other factors. Our interest rate varies at various times depending on changes in the lending market. The interest rate that you will be offered on your boat loan is calculated based on taking into account individual aspects of your boat loan application. Individual lenders will assess individual loan applications and offer the interest rate they consider suits that application. Your Jade consultant will negotiate and source the cheapest interest rate achievable for your particular loan. The interest rate you are offered may be exactly what we are advertising today or it may be higher.

How can I get a cheaper interest rate?   

The interest rate you are offered is based on your individual application and the security or boat you are lookng to finance. If you are looking to the future, there may be issues with your credit profile or credit score that you may be able to address and fix which will improve your credit profile and thus increase your possibilities of achieving a cheaper rate on future loans. There may be other aspects of your current loan application that can be addressed that may attract a cheaper interest rate. You would need to discuss these with the broker or lender as these would be totally individually addressed. There may be conditions around the loan that you may opt to change which may attract a cheaper rate by reducing your risk assessment. These may include reducing the overall loan amount and/or paying a larger deposit to the seller so the security held by the lender represents less of the overall value of the boat.

Is the boat loan interest rate fixed or variable?   

The majority of marine finance provided in Australia is secured lending at a fixed interest rate. The rate is fixed to the rate which is offered at the time the loan contract was arranged and settled. Changes to the official interest rate by the Reserve Bank will not impact a fixed interest rate loan that is already current. 

Why is the comparison interest rate higher?   

A comparison interest rate is relevant only to consumer loans, not business loans. The comparison interest rate is a  computation of multiple aspects of a loan. The comparison interest rate shown on any advertisement for consumer credit is displayed as an example. A comparison rate is computed based on a specific initial loan amount which has been arranged at a specific interest rate over a specific time frame and adding in the loan fees and charges and then averaged over the entire loan period. As the comparison rate includes these fees and charges, it will always be higher than the general interest rate. Lenders are required by law to display a comparison interest rate with all advertisements for consumer credit. When comparing marine loans, borrowers should compare comparison rates when the loan specifics are identical.

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