Get out on the water sooner

Dreaming of owning a boat and cruising out on the water? Whether you’re looking for a brand-new model or a reliable second-hand vessel, we offer secured vehicle loans that can be used to finance a range of boats and personal watercraft. 

Our vehicle loan financing options can be used for a range of boats, such as recreational boats, fishing boats, jet boats, and more.  For many applicants, our online application form takes just minutes so that, if approved, you can get out on the water sooner! 

Set Sail Sooner with Rapid’s Boat Finance

Every boating enthusiast has different needs, budgets and plans for getting out on the water. For this reason, Rapid Loans offers secured vehicle loans with flexible loan amounts, loan terms and repayment frequency options.

Our secured boat loans come with clear loan terms and fixed repayments, so you always know where you stand. Because the loan is secured against another eligible registered vehicle, the security can be the boat you’re purchasing, or another registered vehicle if that works better for your situation, subject to approval. 

From tinnies and jetskis to trailer boats, catamarans and small yachts, we can help finance a wide range of vessels and boating accessories, subject to our lending criteria and eligibility assessment. Ready to get on the water faster? We’re here to make it simple.

Loans From $5,000 to $45,000 for Any Type of Boat

Rapid Loans gives you the flexibility to choose from loan amounts between $5,000 and $45,000, subject to approval. So, if you are looking for a second-hand vessel or want to take the leap and get something brand new, our boat loans range from $5,000 to $45,000.

If you’ve come across boat loans for the first time and are interested in exploring further, here are some boat options that may be exactly what you are looking for:

• Aluminium runabouts 
• Family leisure boats
• Jet skis
• Fishing boats
• Inflatables and dinghies 
• Cabin cruisers 
• Trailerable marine vessels 

You can buy from a dealership, a private seller, or a specialist marine retailer. A Rapid vehicle loan is suitable for financing a wide range of eligible new and used boats from rom smaller recreational boats to larger family vessels and premium models. 

How to Get a Boat Loan: Apply in Minutes

At Rapid, we know our customers are always keen to get outside and enjoy Australia’s incredible landscapes. That’s why we’ve streamlined our application process to make getting boat finance simple and straightforward, so you can get on the water faster. 

Here’s how it works:

1. Complete your application online: Enter a few key details (such as your income, expenses, and the amount you’d like to borrow). The form only takes a few minutes and is completely secure. You may need to provide supporting documents, but our team will be in touch to let you know what’s required. 
2. Assessment and review: Our team will review your application and determine if you are eligible for pre-approval. Our team will contact you, in many cases on the same business day for minimal delays in your journey. 
3. Final approval and funding: If your application is approved, provide us with the details of the vessel you’re purchasing and funds will be transferred to the boat seller or dealership promptly, typically within one business day. 
4. Complete your purchase and get ready for your first trip on the water.

Conditional Pre-Approval: Secure Funding Before You Shop

Shopping for a boat is much easier when you an indication of how much you may be able to borrow. That’s why Rapid Loans offers conditional pre-approval for boat loans. This gives you the confidence to browse, compare, and negotiate prices with a clear budget in mind. 

Pre-approval helps you:

• Choose a budget and compare boats that fit comfortably within your financial circumstances
• Strengthen your position when negotiating with sellers 
• Move quickly when you find the right vessel
• Shop knowing your finance is already on track 

Once you’ve chosen the vessel and met the remaining approval conditions, we finalise your loan and transfer funds as quickly as possible. 

Helpful Tips Before you Buy a Boat

To get the most out of your boat loan and avoid common pitfalls, consider these tips before you buy. 

• Set a budget and stick to it: If you include all of your incomes and expenses, you will be able to clearly see your money going in and money going out that will give you a realistic idea of your finance habits to help you manage your scheduled repayments. 
• Check the boat’s condition: Research to ensure you are getting a boat with all the features that you desire and in good working condition, especially if buying second-hand. 
• Ask about warranties or recent repairs: You can either buy a brand new boat or a second hand option, but weigh up the options of each. While new models are likely to have warranty and the latest technology, second-hand options are typically more affordable. 
• Factor in insurance, registration, servicing and storage costs as part of your overall budget.