Looking to get finance for a boat? At Loans Unlimited you can apply online and get approved in as little as one hour!
With access to over 40 lenders, we’re able to secure lightning speed approvals for all kinds of boat loans. Apply today and you could be snorkelling off Rottnest next weekend!
Whether you’ve got your eyes on a brand new ride or are showing some love to a used vessel, we’ll find you flexible and affordable terms to get you the loan that fuels your boating dreams.
If you’re in the market for a boat, chances are you’re eligible for finance. We work with a range of lenders who understand that not everyone fits the same mould. Amongst our 40+ partners, we can find one willing to accommodate:
FIFO workers
Regional WA residents
Boats from private sellers
Upgrades like trailers, electronics and safety gear
Whether you’re a casual worker or an ABN holder, a first-time buyer or a seasoned boatie, our loans are tailored to fit real lifestyles. If you’ve found the boat, our crew will help you navigate the finance.
At Loans Unlimited, our crew are working hard to secure lightning speed approvals for West Aussies. But although we work fast, we don’t cut any corners. That way, we make sure you get:
When you apply through Loans Unlimited, we show our lenders a summary of your situation. That means that whoever approves your loan understands your circumstances and is willing to work within them.
We are partnered with over 40 lenders across the galaxy, so you’ll always be offered a competitive rate. On top of that, we’re proudly transparent add no finder’s fees or hidden costs to our boat loans.
It’s the obvious benefit of financing! Our crew will get you at the helm of the perfect boat in a matter of days, not years.
At Loans Unlimited, we’ve designed a loans application process that West Aussies can get around. It’s quick, easy and 100% online – you won’t be wasting any time in the bank’s waiting room.
It starts with a brief online contact form where we collect a few details about you and the boat you’re looking at. Once your details are submitted, we’ll assess your application and connect you with a lender suited to your needs. After approval, the loan is finalised and the funds are sent directly to the seller.
During the process you’ll have to provide some documentation to confirm your ID, income verification and confirmation of the boat and seller’s details. The quicker you get these to us, the quicker we can get you approved!
If you don’t have the documents we need, there’s no need to worry. With Loans Unlimited, there’s a whole universe of options and many of our partners are happy to provide low doc loans if need be.
With a streamlined approach backed by our amazing crew, it’s never been easier to buy a boat in Perth and WA.
When it comes to repayments, the smallest surprise can cause a pretty scary black hole in your budget.
If you want to get a rough idea of what repayments would mean for your finances, we have a boat loan calculator designed for buyers in Australia! You can use it to plan, compare or just get an idea of what would suit you best. Once you generate your estimate, get in touch with our crew and we’ll see if we can make it happen!
Once you’ve found the boat applying for a loan is easy. This application form takes less than 2 minutes and can be done from your phone, tablet or laptop. Once you submit, a member of our crew will be in touch with you in a matter of hours! They’ll guide you through the next steps, match you with a lender and help you launch your boating dreams.
Boat loans work just like home or auto loans. The process is the same where you complete a loan application. Then, you will have to wait to determine whether or not you have been approved. The loan process will then continue where you will provide important documents, including your financial information. An offer will be given to you, which tells you the interest rate, terms, and other details about the loan.
In Western Australia, you need a Recreational Skipper’s Ticket (RST) to operate a recreational vessel with a motor that exceeds 6 horsepower.
You do not need an RST for owning a boat, meaning you do not need a skippers license when sorting out finance for a boat.
Yes, you need to have boat insurance when you apply for a loan with us. It’s best to have insurance prior to sending us your boat loan application. We require all boat finance customers to have a valid certificate of currency issued by the insurance provider. This document confirms that you have an insurance policy, which also specifies the conditions of the insurance, its policy type, and premium payments. If you do not have the document in your hands, you can request a copy of your certificate of currency from your insurance provider.
Here at Loans Unlimited, we accept purchases of both new and used boats. Some of our partners place certain limitations based on the boat you wish to buy. For example, you may be able to borrow higher amounts for newer boat models. Nevertheless, you can use the funds to buy a multi-hull boat, pontoon, powerboat, or sailboat.
We have the leading lenders that can even provide you funds to purchase a yacht or any other expensive vessels. Do note that your application will be subject for approval. You can increase your chances of getting approved with the collateral you provide.
We accept purchases from almost anywhere, including private sellers, dealerships, and even auctions. Our goal is to help you get enough money so that you can purchase the boat of your dreams. If you wish to buy an old or used boat from a particular seller or dealer, there may be additional requirements. For instance, we may require inspection before you can buy the vessel.
We accept purchases from almost anywhere, including private sellers, dealerships, and even auctions. Our goal is to help you get enough money so that you can purchase the boat of your dreams. If you wish to buy an old or used boat from a particular seller or dealer, there may be additional requirements. For instance, we may require inspection before you can buy the vessel.
At Loans Unlimited, we have lenders offering a variety of terms. Some can be as short as 12 months. You can qualify for a longer term, which can be from two years and up. The life of the loan will often depend on the lender and the amount you plan to borrow. You will be provided with the information you need once you are approved of the loan.
Yes, you can get boat financing with Loans Unlimited. If you live and work in Australia, you most likely have a 457 Visa. You may apply for a boat loan but make sure that you understand the rules and restrictions. The most important is that your loan should end and be paid three months before your visa expires.
Loans Unlimited are Perth and Western Australia’s premier loan and finance brokers. We have helped thousands move towards their financial goals by offering lower rates and faster approvals when it matters. Financial services are provided by Total Biz Pty Ltd T/A Loans Unlimited ABN 78 624 937 882 ACL 506875.
* The comparison rate shown is for a secured loan amount of $30,000 over a term of 5 years based on monthly repayments. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Any calculations or estimations do not constitute an offer of credit or a formal credit quote and is only a calculation of what you may be able to achieve based on the information you have entered. It does not take into account suitable product features or loan product types. Rates + repayments shown are based on user inputted data. All applications for credit must be verified prior to the formal assessment process. All applications for credit approval are subject to lender credit approval. Approval is not guaranteed.
