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Tips for Getting A Boat Or Marine Loan

boat on beach

Essentially, obtaining a boat loan is no different from a car loan and the same options are available, from low-interest (well-secured) loans, to short-term loans, long-term loans as well as financing options such as leasing, hire purchase and refinance.  We’re able to tailor a solution to your individual needs and circumstances, with some simple questions to ascertain your credit rating, level of debt, and income.


Make sure you don’t get in too deep and be honest during the loan application. Like all loan applications your answers will determine how much money you can borrow and what interest rate and term will apply to that money. It’s easier if you have details on hand such as:

  • Have you ever filed for bankruptcy?
  • Do you own a home?
  • How much is your current income
  • How long have you been employed at your current job
  • How long have you lived at your current address
  • Do you have a credit card, what is your net worth, and so on


We can help you get a pre-approved boat loan so you can go shopping for a boat in the knowledge you’ve got the money at your disposal. It can give you the confidence to drive a harder bargain on the showroom floor and if you see something you like it can mean you have the opportunity to trump another buyer.

Operating Expenses

Whether it’s a 10ft Catamaran or a 40ft Cruiser, another important thing to consider are the operating expenses of your boat. Large cruisers can incur costs that will blow your accountant right out of the water, from mooring or marina space, engine services, and if you like to travel, large amounts of fuel. A smaller boat can be a lot easier to manage and won’t tie you down financially.

Contact Finance EZI on 1300 003 003 to discuss your financing needs, or simply apply online today.

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