Low variable rate
No early repayment fees
Loan terms up to seven years

That weekend feeling awaits! Our Boat Loans allow you to purchase a new or used personal and trailerable watercraft up to five years old~. Give yourself more bargaining power with conditional pre-approval and feel freedom sooner with zero early repayment fees and loan terms available up to 7 years.

Looking to purchase an older boat? Check out our other Personal Loan options including our Secured Personal Loan.

Features

  • Low variable rate
  • No deposit required
  • Increase your bargaining power with pre-approval
  • Make extra repayments with no fees for paying out the loan early
  • Borrow up to $150,000
  • Control your repayments weekly, fortnightly or monthly
  • Loan terms up to seven years
  • Redraw facility on your loan

Rates & Fees

Boat Loan^ 6.99Interest rate 7.511Comparison rate
Boat Loan (near new)^^ 7.99Interest rate 8.511Comparison rate
Fees
Establishment fee $120
Document fee $55**
Loan maintenance fee $5 / per month

Interest rate from

6.99 Percent per annum

Comparison rate from

7.51 Percent per annum 1

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The fine print

^ Boat Loan is for the purchase of new personal, trailerable watercraft

^^ Boat Loan (near new) is for the purchase of personal, trailerable watercraft up to five years of age.

~ Age of the watercraft will be determined by the build date.

**If borrowing for a boat and trailer multiple document fees may apply

1 Comparison Rate cacluated on a secured loan of $150,000 over a 25 year term based on monthly repayments.

WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A comparison rate schedule is available at any of our branches. Personal Loan and Credit Card Rate Schedule can be viewed here.

Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Target Market Determination; Personal Loan brochure; Account and Access Facility Conditions of Use brochure; Fees and Charges brochure; Credit Guide and the Personal Loan & Credit Card Interest Rate Schedule.

Rates and fees effective: 12th December 2024