Boat Loans for Your Next Adventure
Plan your next boat purchase with a loan that fits your needs. Whether you’re upgrading your dinghy or investing in a brand-new yacht, we offer flexible terms and straightforward repayments—so you can set sail sooner.
Minutes to apply.
Approval subject to responsible lending inquiries.
Boat Loan Calculator
Weekly Repayments
Monthly Repayments
Total Amount Repayable
The repayment amounts shown include Establishment and Introducer fees totalling $640 and a PPSR Fee of $8.05. These fees are examples only and they exclude ongoing fees. The actual fees charged may vary based on your circumstances and the chosen lender. For more about lender fees, click here.
Boat Loans Made Simple
Whether you’re after a brand-new vessel or upgrading your current boat, a boat loan can help make it happen. Borrow from $3,000 with terms that fit your budget and schedule.
Here’s how we get you afloat:
- Find the right loan for your perfect boat.
- Choose repayments suited to your lifestyle and finances.
- Count on expert support every step of the way.
Clear Sailing
We detail all costs upfront, so you know exactly where you stand.
Fixed Rates That Fit Your Needs
Lock in a fixed rate tailored to your needs and circumstances.
Credit-Conscious Process
No impact on your credit score at application.
Swift Navigation
We handle the paperwork promptly so you can focus on enjoying your time on the water.
Over 55,000 Kiwis Trust Us with Their Boat Finance
1 Apply Online in Minutes
Complete our form to help us consider boat loan options for your needs.
2 We’ll Find Your Ideal Match
We’ll tailor offers to your budget and boating goals, so you can set sail with confidence.
3 Fast Approval
Timing varies, but with all details provided, same-day approval is possible. Approval is subject to meeting lending criteria, and affordability test applies.
What our customers say
Understanding Boat Loans
What is a Boat Loan?
A boat loan lets you finance your next boat by breaking the cost into manageable monthly payments—so you can get on the water without a huge upfront expense.
What Can a Boat Loan Be Used For?
Whether you’re considering a brand-new vessel or a reliable pre-owned boat, a boat loan covers it all. It can also help pay for necessary repairs or upgrades to keep your current boat in top shape.
How Do I Structure a Boat Loan?
Designing your boat loan is all about what suits you best. Do you prefer lower monthly payments over a longer period, or would you like to pay it off sooner? Are you planning to make a down payment? And remember to factor in fees, insurance, and maintenance costs to keep your budget in check and stress-free.
Quick Spot Check
Every great financial choice begins with the right information. Check out our FAQs or reach out to our team for the answers you need.
Boat loans are usually secured against the vessel. The rate you’re offered depends on your circumstances, first purchase or upgrade.
A boat loan provides you with the funds to purchase your vessel, which you repay in regular installments. Since your boat acts as collateral, it’s important to keep up with your repayments.
Your borrowing limit is based on your income, expenses, and what you can comfortably repay. Boat loans usually range from $3,000 to $100,000, depending on your financial situation.
Interest rates for boat loans vary based on your credit history, income, and the value of the boat. A strong credit profile can help you secure a lower rate.
Current fixed interest rates range from 7.95% p.a. to a maximum of 29.95% p.a. on a minimum 12 month to a maximum 60-month loan term. The actual interest rate charged to you will depend on your circumstances, the type of lending required, the security provided, and the lender.
Yes, boat loans may include fees such as an Establishment Fee, Introducer Fee, and ongoing account fees. It’s important to review these charges upfront so you know exactly what you’ll be paying. More details on lender fees and our remuneration structure are available here.
Yes, no-deposit boat loans are available, subject to lender approval and specific criteria. This means you might finance the full cost of your boat.
Timing varies but many applications are approved on the same day. Approval is subject to meeting lending criteria, and affordability test applies.
Yes—refinancing is possible (subject to lending criteria). It may help you reduce repayments, secure a sharper rate, or change the term, depending on your profile, loan balance, vehicle security and fees. Extending the term can increase total interest. Fees and charges apply. Responsible-lending (affordability) checks required.
The initial application involves a “soft” credit check, which doesn’t impact your credit score. A full credit check is carried out by the lender should you decide to proceed with the loan.
Missing a repayment might lead to additional fees and could affect your credit score. It’s best to contact your lender immediately to discuss your options if you miss a payment.
You can use an online loan calculator to estimate your repayments based on the loan amount, term, and interest rate, helping you plan your budget effectively. Remember: these calculators only provide indicative figures. Your actual interest rate, fees and repayments will be determined after your application is assessed.
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