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

  • Variable rate loan
  • 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
  • Choice of weekly, fortnightly or monthly repayments
  • Loan terms up to seven years
  • Redraw facility available

Rates & Fees

Boat Loan^ 6.84Interest rate 7.361Comparison rate
Boat Loan (near new)^^ 7.84Interest rate 8.361Comparison rate
Fees
Establishment fee $120
Document fee $55**
Loan maintenance fee $5 / per month

Interest rate from

6.84 Percent per annum

Comparison rate from

7.36 Percent per annum 1

Apply online
Compare personal loans Compare personal loans
Toggle Item

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

Rates are subject to change: Variable interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Credit approval and terms: Normal lending criteria, terms and conditions apply and will be included in our Offer and Loan Contract.

1 Comparison Rate calculated on a secured loan of $30,000 over a 5 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: 18th March 2025