Apply for marine finance online. It only takes a few minutes of your time. From beginning to end, Loans Unlimited guarantees a hassle-free borrowing experience.
No one likes surprises when it comes to repayments. When you want to get a near-accurate estimate of the repayments needed for each period, we’ve got you covered. Our super simple boat finance calculator will give you the guidance you require. All you need to do is fill out the sections below, and our online calculator will do the rest.
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.
You can count on Loans Unlimited to provide you with the most competitive rates for boat finance. Our lenders do consider certain factors to determine your interest, including your employment status and creditworthiness. The amount you wish to borrow, the loan term you requested, and the boat you want to purchase can also affect your interest. Note that the interest rate is mostly fixed. We practice transparency here, so you will immediately know the rate. If you have any trouble understanding your repayments, please don’t hesitate to contact us.
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.