Boat Loans & Boat Financing

Take to the water sooner
with fast pre-approval and expert
services from Simply Finance.

Let's go!

Personalised boat finance tailored to suit your needs and budget

Our industry contacts, systems and superior purchasing power make buying the boat of your choice simple. Whether it’s for fishing, family fun on the water or the more serious side of sailing, our competitive loan rates, flexible options and reputable Australian lenders will help you secure the right loan.

Flexible options

We’ll tailor your boat loan to suit your expectations, budget and needs.

Easy application

Apply quickly and easily from
your phone, tablet or desktop.

Experience and understanding

Get personalised serviced from a
knowledgeable boat loan consultant.

Boat loans with 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.

How do boat loans work?

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.

  • Consumer loan – A simple repayment system with a fixed interest rate. You can choose from 1 to 7 year plans, and you can choose a repayment schedule.
  • Personal Loan – Good for you to buy a boat or some boat accessories. Competitive rates, flexible terms, and the option to secure your loan.
  • Chattel Mortgage – If your boat is used for business purposes, then a chattel mortgage could be your best option. Fixed interest rates, residual value, or balloon repayments are available.

Chat with our Simply Finance expert to find out which loan best suits your needs.

What are the benefits of getting a boat loan?

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.

How long is a typical boat loan?

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 type of boats do we finance?

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.

Which marine loan is the best fit for you?

Secure, stable, reliable

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.

  • Secure and stable fixed interest rates
  • Flexible loan plans ranging from one to five years
  • Choose a repayment schedule that works for you

Secure, stable, reliable

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.

  • Flexible funding for your ideal model
  • Competitive rates
  • Secure your loan for a reduced interest rate

Flexible, secure and scheduled

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.

  • Fixed interest rate
  • Flexible loan lengths ranging from one to seven years
  • Residual value or balloon repayments available

Looking for another type of loan?

We love helping people pay for their dream boat, but it’s not the only thing we do. If you’re looking to get another loan, we also offer Business and Personal Loan services.

Whether you want to get that special something or you’re looking to make a business investment, we’re happy to help.

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Powerful Partnerships

Let’s talk loans. Send us a message and we’ll get right back to you.

Find us...

4 Westside Avenue, Port Melbourne, VIC, 3207