How it Works
Picture yourself navigating Brisbane’s picturesque waterways? Finance King can make it a reality. Our boat and jetski finance brokers will do the heavy lifting in getting you the best loan opportunities, so you can focus on planning your next adventure.
Boat & Marine Finance Calculator
Frequently Asked Questions
How much can I borrow?
Borrowing amounts can vary from $3,000 to as much as $1,000,000. How much you can borrow will depend on your personal financial circumstances, like loan history, employment status, and debut-to-income ratio (DTI).
At Finance King, we are dedicated to finding the best boat loan solution. Our expert team of boat and jetski loan brokers go to the market, to find and secure the best finance with the most favourable repayment terms based on your needs, wants, and financial situation.
How do boat loan repayments work?
Like regular loans, boat loan repayments can have a shorter loan term with higher regular repayments, or vice versa. You’ll work to pay off the loan in regular increments that include the amount borrowed to purchase the boat plus interest for the loan charged by the lender. It’s important to be aware of your repayment commitments before moving forward with the loan.
Am I eligible for a boat loan?
In Australia, you can qualify for a boat if you’re 18 years old or older, an Australian citizen or permanent resident, and are employed with a regular source of income that can be proved.
Finance King also looks at factors like your loan history, income and employment status, debt-to-income (DTI) ratio, and other factors that may impact your eligibility for a loan.
Can I get a loan for a second hand boat?
Yes - we can help you get the right finance for a second hand or used boat. However, you should be aware that used boats generally attract a slightly higher interest rate than a loan for a new boat. This is because lenders take on a somewhat higher level of risk on second-hand boats.
Are interest rates fixed or variable?
Fixed and variable rates will depend on the finance product selected. A fixed rate will not be affected by changing interest rates whereas a variable rate will. In saying this, variable interest rates may start with a lower interest rate compared to fixed rate loans – which can lead to lower monthly repayments.