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Used Boat Loans

25 Feb 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 25/02/2021 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.

Cheap Boat Loan Rates

Allow Jade arrange your purchase on finance from dealers or privately sold . Our quality choices of banks and finance companies and excellent buying power can mean you have an easy option to allowing you getting better cheap loan deal. We compare interest rates , monthly fees and negotiate a more suitable offer suitable for you.

Subject to lending industry recommendations we can assist with:

We can arrange fast approval personal and secured lending at low rates.

Sourcing The Best Rates

Are you a good credit risk? Yet your bank has told you the interest rates will be higher just because you are buying a second hand pleasure craft? Not with Jade Finance! We source the right lenders that look at you and have options that do not penalise the interest rates because of the age of the vessel.

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

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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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Answers to Used Boat finance FAQs

Used boats can attract different loan conditions from new boats. In this section we’re providing straight forward and simple answers to some of the questions you may still have regarding sourcing a loan for a used boat. Keep in mind that every Jade Boat Loan is handled individually, both in terms of the loan application and the boat being purchased. So please reach out to us with the specifics around your boat loan application for individual responses.

Can I get a loan on a used boat?   

Most used watercraft in good condition and age will be eligible for a secured used boat loan. This applies to both power and sail boats which are purchased from a marine yard, dealer, at an auction or through a private seller. Individual lenders will have guidelines around accepting older boats and marine vessels in less than good condition as security against a secured watercraft loan. Where a lender will not accept a used marine as security for a loan, there could be available a unsecured personal loan for the purposes of purchasing a watercraft.

Is the interest rate different for new and used boats?   

With some lenders, yes it can differ. While the interest rate loans generally covers all types of boats whether new or used, the specific loan offer we source for customers is dependent on individual lender requirements. Some will apply a higher interest rate for second hand boats. The interest rate that you will offered by individual lenders is determined on the risk assessment of your individual loan application and the age and condition of the watercraft. The interest rate will differ between Secured marine Loans and Unsecured Loans as no security is available for unsecured loans.

Is there a limit to the age of boats for used boat loans?   

Some lenders will have guidelines around the age of boats they will offer loans against. This varies from lender to lender. The average is approximately 10 years old whilst some non bank lenders will lend on boats older than 20 years old.

Can I get a loan for a boat I want to restore or is damaged?   

Loans for restoration boats on older, collectible or damaged boats will be subject to individual lender requirements. If the watercraft is deemed not acceptable as security against the loan for a Secured Marine Loan, then you may choose to apply for an Unsecured Personal Loan. With unsecured loans no security is offered so the condition of the watercraft is not taken into consideration. 

Can I get my loan approved before I choose/commit to a boat?   

Yes. Pre-approved loans are available through Jade and in many cases can provide significant benefits.


The process is the same as applying for a loan except it is done based on an estimate of what you think the watercraft might cost. When you finalise the marine goods sale the loan is finalised based on the exact amount of the loan.


Having your loan pre-approved can be a good bargaining tool when negotiating price with a private seller especially. They will know you are in a position to make a quick purchase. If you are buying at auction, a pre-approved loan may be extremely important.

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