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Boat Finance Loans

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Boat Loans up to $50,000 Approved Online

Purchase your dream boat now

Are you dreaming of that perfect moment when you can walk down to the waterfront and captain your very own vessel? Well, stop dreaming and start planning with MoneyMe’s online boat loans up to $50,000. We are an online money lender in Australia offering individuals fast access to unsecured personal loans, like our boat loans and car loans – with no fuss and no hassle.

We do everything online and you can complete your application in a matter of minutes. Approvals are exceptionally quick and painless, and the money is available once your digital contract is signed. So, start planning for that moment when you can finally buy your dream water cruiser and sail away!

Our online lending service is available across all cities and regions of Australia. Whether you’re applying from NSW, TAS or VIC, or looking for quick funds to get you from WA to QLD – we can help. Rather than a physical office in ACT, SA or NT, and worrying about the overhead expenses that come with that, we focus on developing our proprietary loan management platform to offer the best online loan experience with fair, tailored rates to our customers.

How do boat loans work?

There are a couple of options available to anyone looking for finance and credit to cover the upfront cost of purchasing a boat. A secured boat loan, for example, is offered to applicants on the understanding that the loan amount is secured to their asset. This might be a property they own or the actual value of the boat itself that has just been purchased. Secured loans mean the loan provider can claim ownership of the asset the loan amount has been secured to, in the event of default on loan repayments. The money lender can sell the asset they secured the loan to and recoup any money lost in loan repayments. 

An alternative to a secured boat loan is an unsecured loan. This type of loan is not attached to any assets that the credit customer has in their possession. This means that when you apply for an unsecured loan, you don’t have to offer collateral or any of your assets to back up your loan. We offer exactly that type of cash loans with up to $50,000 and we do it online and fast.

Get your ideal rate

How much can I borrow? When you take out any credit product from MoneyMe, from our short term loans to larger loans like a car loan or boat loan, you can first take a look at our online personal loan calculator to help you answer your question.

By using a personal loan repayment calculator, you can check what the indicative interest rates will be according to your desired loan term for your expected monthly repayments. It also helps you get a clearer picture of how they’ll affect your current cash flow situation. If you’ve been dreaming of that fishing boat, here’s your chance to see how much you can afford to borrow for a boat loan and finally make the purchase and hit the water.

You can adjust the online calculator until it reflects the personal loan interest rates that you think you can comfortably repay for your boat loan. You can also use this calculator to check what will be your establishment fee for your chosen loan amount and payment duration. This is a great way of checking how you can chop down the total interest paid by reducing your loan term.

There are pros and cons to every situation and your loan term is a perfect example. By shortening your repayment duration for express loans, you may reduce your total payable interest. However, this may result in increased monthly or fortnightly repayments. Play around with the calculator to find the best option for you. Remember that you can always pay out your loan earlier than the agreed term – and we won’t charge you for it!

MoneyMe is an online personal loan lender that believes in fair, honest and responsible lending. We aim to offer the best loan experience, which is why we align your repayments with your current pay cycle to avoid getting charged with late fees. We also like rewarding customers who have good repayment history with us. For every timely repayment you make for your MoneyMe loans, your internal credit rating with us improves. This means that the next cash loan online you apply for will likely be offered at lower rates or fees and charges.

How long are boat loans?

So, how many months should you take a boat loan over? Well, only you can really answer that question. The total loan term for any of our quick loans will depend on what your current living expenses are like and what the total loan amount is. Common loan terms for assets like a boat loan are usually 60 months but, here at MoneyMe, you always have the option to repay your easy loans earlier if you choose to.

Loan rates tailored to you

To be eligible for any of our same day cash loans you must be at least 18 years old, a resident of Australia and currently employed. You don’t have to have the most amazing credit rating, but it definitely helps in showing any prospective credit provider how reliable and trustworthy you are as a customer. We understand, however, that sometimes life doesn’t go according to plan and that small hiccups can result in a less than perfect credit rating. 

If you’re in a good financial position now but you need some time for your credit file to get back up to where you’d like it to be, consider taking our small loans, like a quick cash advance loan, to get you started. Here at MoneyMe, customers are vetted using a range of lending tools, including our speciality in-house credit system. As our customer, you receive a personal rating that applies to all of your future applications. For every same day loan repaid on time, your rating with us increases. How does this affect future applications for personal loans Australia? It means that when your cash flow situation is where you need it to be and you’re ready to apply for larger loans like our boat loans, you may receive lower fees and charges because of your good repayment history with us in the past.

If you’re a young person with not very much credit experience, then you may find it difficult to get approved for quick loan products like a student loan straight away. These types of loans tend to be a bit larger as tuition costs, particularly upfront costs, can easily soar into the thousands. Consider applying for small personal loans first to build up some encouraging credit history. Our small loans can be used for things like covering the cost of study materials or helping you pay for things like car repairs or as rent assistance. Rather than using a broker, consider applying for a bond loan to help renters like you cover upfront costs associated with moving and securing a new rental property.

Freestyle for everyday purchases

Alternatively, a line of credit option like our Freestyle Virtual Credit Account offers you flexible credit for balances between $1,000 and $10,000. It works like your conventional line of credit and a virtual credit card, but a lot better: Use Freestyle to shop in-store or online at any stores that accept Mastercard. Use it to split bills when going out for dinner with friends or when you simply want to have ready-to-use cash for everyday transactions. Plus, it lets you transfer funds straight to your bank account or to anyone, too!

Once you have repaid any credit you have used, that credit becomes available for you to withdraw again. Customers get access to 55 days interest-free on all purchases made using our online credit card. Freestyle is your all-in-one virtual card that lets you spend now, pay later and more.

Other options from MoneyMe include renovation loans designed to help you get started on home improvements sooner rather than later, and travel loans for people who enjoy getting their booking done early and taking advantage of early-bird specials on things like flights, tours and accommodation.

Apply now

Ditch the long queues and lengthy paperwork in the bank. Choose the smarter and faster way to access the funds you need, when you need them. Apply online for a boat loan or other personal loan products with MoneyMe and discover why we’re the best online lender in Australia.

Are boat loans hard to get?

Boat loans are not difficult to obtain if you have an excellent credit score. A low credit score or a bankruptcy in your past might work against you if you take out boat loans from traditional lenders or financial institutions. 

With MoneyMe, however, securing boat loans has never been easier. When we check for approval on loan requests, we will look at your overall financial situation, not just your credit history. We understand your need to get a boat loan quickly, so we have made the borrowing process simple.

As long as you are 18 years or older, a permanent resident in Australia, and currently employed, you are eligible to take out a boat loan. After you have filled out our application form – which will only take a few minutes – we will assess your eligibility and credit history. Once you receive our approval, your funds will be transferred to your account on the same day. 

We don’t believe that just because you borrowed money for something, you shouldn’t get convenient access to it. That’s why we offer secure, fast, and easy boat loans to Australian boat owners. You could be sitting in the water in no time!

How do boat loans work?

If you need money to buy a boat, then there are different ways to get that loan. There are two types of loans: secured or unsecured. Secured means that you put up collateral that will be used to recoup costs if you default on the loan. Unsecured means that you do not have to use any collateral, but this may come with higher interest rates and shorter terms.

If you approach traditional lenders and financial institutions, unsecured boat loans normally take longer to process and require an extensive credit history. They offer higher interest rates than secured loans because your loan is not backed by anything else should you default on the repayment.

Secured boat loans typically use other assets as collateral for repaying your debt in case of non-payment or late payment fees. You can use the boat you want to borrow money for as collateral, but having another asset to use will greatly decrease your interest rate.

At MoneyMe, boat loans are unsecured, meaning this type of financing is quick and hassle-free. It is as simple as filling out our three- to five-minute online application form and waiting for our same-day loan decision. If approved, you can expect to receive your money on the same day, sometimes, even less than an hour after our approval.

How long are boat loans?

The length of a boat loan is the number of years it will take for you to pay off that loan. It entirely depends on your financial situation and the total loan amount you have taken out. At MoneyMe, you can repay your boat loans as short as one year up to as long as five years.

Unlike traditional lenders that charge a fee if you pay off your loan in advance, here at MoneyMe, we pride ourselves on our flexibility. If you wish to repay your loan earlier than your chosen loan term, you are welcome to do so – with no early exit fees.

Are boat loans interest simple?

Boat financing interest rates at MoneyMe are as simple as they get. Through our online platform, you can gain access to our personal loan repayment calculator where you can check your expected interest rate according to your desired loan amount and fortnightly or monthly repayments.

If you’re also wondering, ‘How much can I borrow?’ you can utilise our personal loan calculator to see for yourself if your desired loan amount is suitable to your current financial condition, considering repayments and interest rates.

Do boat loans have balloon payments?

At MoneyMe, boat loans don’t have balloon payments. The amount you pay every month (or every fortnight, depending on your decision) is consistent throughout your loan term. We value the factors that make up good lending, such as honesty and transparency, so we are forthright about any fees we might charge. 

By using our online platform, you will have access to your boat loan dashboard, where you can find all details regarding your loans, including fees and charges, and which you can utilise to manage your loan details. In fact, you can even make advance repayments if you have extra cash, and we won’t charge you for wanting to pay off your loan early.

Are boat loans available nationwide?

Wherever you are in Australia, you can apply for boat loans at MoneyMe. Whether you want to take out cash loans Sydneypersonal loans Melbourne, or fast loans Adelaide, MoneyMe has got you covered. Simply fill out our application form that provides us with read-only access to your bank statements and wait for our approval that only takes a few minutes.

At MoneyMe, we empower Australians to take control of their finances. We consider everyone who applies for a loan through MoneyMe, regardless of their credit history. This means even if you don't have a perfect credit report, you need not worry – you’re still welcome to apply as we understand that your circumstances may have improved since your credit rating was affected. We will consider other important factors such as your income, debt obligations, and living expenses. Doing so would help us determine the best rate for your boat finance.

How do used boat loans work?

Whether you plan to buy a new boat or buy a used one, the process for getting a loan through MoneyMe is the same. As long as you fulfil the personal loan eligibility requirements, you can apply for unsecured boat loans and be approved in minutes. You will also receive your loan amount on the same day.

Ditch the long lines and tedious paperwork in the bank. Simply fill out our online application form with your desired loan amount, repayment duration, bank account, and other personal details. You can apply quick and easy in a matter of minutes.

What to know about boat loans?

Boat loans are just like other types of loans. For example, it’s important to know your maximum limit so you don’t overextend yourself. Your situation will play a role in what kind of boat loan you qualify for. 

At MoneyMe, our boat loans are unsecured, meaning we won’t use any property as collateral. You can even set the loan term, so you will know exactly how much you will have to pay, whether you choose fortnightly or monthly repayments. If you think you’ll need flexibility with your boat finance repayments. let us know one business day beforehand and we will do our best to assist you.

Where can I get a boat loan?

MoneyMe offers loans for a boat up to $50,000. To be eligible for this type of loan, you need to be 18 years or older, a permanent resident in Australia, and currently employed.

Our boat loans are not limited to buying a boat – you can use the budget to repair your old boat or upgrade to a newer model. With no collateral required and interest rates starting at just 6.95% p.a. (comparison rate from 8.34% p.a.), you may find yourself having more fun on the water than before.

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Boat Finance Loans

Fast Boat Financing

If you’re in need of boat finance because you want to buy a boat, repair an existing boat, or have been thinking of upgrading to a newer model, MoneyMe can make the process quick and easy. We offer boat loans of up to $50,000 and to be eligible to apply you must be working in Australia and 18 years or older.

Competitive Rates

If you have good credit history, MoneyMe offers cheaper, competitive rates for boat finance, based on your loan rating. Your MoneyMe loan rating is determined by your credit history, and is measured on a scale between an A1+ (Impeccable) to an A5 (not too bad) rating. If you don’t have a great credit rating you should still get in touch with us, however, as we understand that your circumstances may have improved since your credit rating was affected. All you need to do is give us enough information to help us determine the best rate for your boat finance.


At MoneyMe, we also don’t think it’s fair to penalise you for paying your boat loan back early. So we allow you to pay it off sooner if you’d prefer, and save on interest. We also understand that things can come up, and you may need flexibility with your boat finance repayments. If you let us know one business day beforehand when this happens, we will change it for you for free. In fact, if you’re ever concerned that you won’t be able to make repayments on time, if you contact us we will do whatever we can to help.

Get Rewarded

At MoneyMe, we believe you should be rewarded for paying your loans back on time. For this reason, MoneyMe offers cheaper rates on future loans when you repay your loan on time and in full. This is especially great as we don’t just offer boat finance – we also offer cash advances, short-term loans, personal loans, and more. Fill out a MoneyMe loan application today.

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