Boat Loans & Boat Financing
Take to the water sooner
with fast pre-approval and expert
services from Simply Finance.
Simply Finance are here to help you get a loan for what you want in life.
Do you need a small dingy to go out and fish with your mates? Perhaps a larger boat with bigger outboard motors?
If you want to take your grandson out on the bay to enjoy fishing, like when you were a boy, but don’t have the cash for boat financing, Simply Finance is here to help you realise your dreams.
We have a simple application process, so you can be on the water catching bream and whiting quicker than you can thread a fishing hook.
Boat loans are a special kind of loan for those with a nautical eye. We have three different types of loans you can choose from for a boat loan.
Chat with our Simply Finance expert to find out which loan best suits your needs.
The benefits of getting a boat loan can be the boat itself. You, out on the calm waters with your best friends, fishing away with not a care in the world.
The loan is good for your budget too. You can have a budgeted cash flow thanks to fixed interest rates. You can budget for the life of the loan, knowing exactly what you will be paying with the option to pay it out early.
If you get the right kind of loan, you can claim part of your boat loan back on tax, making it even cheaper for you.
The terms of our boat loans are flexible depending on your needs and how much you’re willing to spend. You can grab a consumer loan with terms of 1 to 7 years, with fixed or flexible interest rates.
Look at your financial situation. Do you need longer to pay off the loan, or can you pay it off sooner and save money on interest?
Simply Finance will endeavour to get you the best loan for your situation. We’re here to go in to bat for you. Not only do we make the process simple but we negotiate the best outcome with our lenders on your behalf.
What kind of boat are you after? Do you have your heart set on a sailing yacht to ride the winds off the point? Or a full-on, twin outboard motor vessel to try for a trophy fish? How about a little tinny to motor up the river and catch some trout? Perhaps a rowboat?
How about a Jet Ski to tow behind your car when going on holiday?
Each of these kinds of boats is a different price, of course. Simply Finance offers loans for all of these crafts for you. Speak to the team, let them walk you through what you need and how you can afford it.
Taking out a consumer loan gives you straightforward and simple repayments with a fixed interest rate during its lifespan. If for any reason you’re in a position where you can’t pay your loan, your asset will be sold and its value will go towards the repayment sum. Any unpaid balance is the consumer’s responsibility. A loan repayment calculator can help you to figure out which loan is going to be most suitable for you and your lifestyle.
A personal loan can give you the funds you need to pay for the boat that’s caught your eye, or any marine accessories you’re in need of. If you’re on the hunt for competitive rates, flexible terms that suit you and your budget, and a steady repayment schedule, a personal loan is a great option. Your boat or new accessory can be used as security to reduce your interest rate and repayment amounts.
If you’re using your boat for business purposes then a chattel mortgage is a great option. Under a chattel mortgage, your chosen lender buys your boat, then registers a mortgage, sets a fixed interest rate and organises an ongoing repayment agreement with you. And because you’re using your boat for business, you’ll benefit from tax-deductible interest charges and depreciation.
Whether you want to get that special something or you’re looking to make a business investment, we’re happy to help.