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, a boat loan from Rapid can help make it happen. We do fast and flexible loans for real Australians. 

Our vehicle loan financing options can be used for a range of boats, such as recreational boats, fishing boats, jet boats, and more. We make it simple to find a loan that fits your lifestyle and budget. Apply online in minutes and sail towards boat ownership with confidence. 

Set Sail Sooner with Tailored Boat Finance

Every boat owner has a different lifestyle, budget, and vision of the ideal day on the water. For this reason, Rapid Loans provides boat financing tailored to your needs. So, whether early morning fishing sessions is what you’re after, or you’re in the market for a comfortable and reliable family runabout, look no further than a Rapid loan. 

Our secured boat loans come with straightforward terms, fixed repayments, and no confusing conditions, so you always know where you stand. Because the loan is secured against a registered vehicle, the security can be the boat you’re purchasing, or another registered vehicle if that works better for your situation. 

From tinnies and jetskis to trailer boats, catamarans and small yachts, we can help finance a wide range of vessels and boating accessories. 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 borrow the amount that best fits your needs. 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. The amount you’re approved for will depend on your financial situation and our lending criteria, but our broad loan range means we can support everything from the basics with a few boating accessories to more premium models with all the gadgets. 

How to Get a Boat Loan: Apply in Minutes

At Rapid, we understand that our customers are real Australians who are always keen to get outside and enjoy our incredible landscapes. That’s why we’ve streamlined our application process to make getting boat finance simple and quick, 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 typically within 24 hours 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. Organise the pick up of your new boat and prepare to set sail!

Conditional Pre-Approval: Secure Funding Before You Shop

Shopping for a boat is much easier when you know exactly how much you can spend. That’s why Rapid Loans offers conditional pre-approval for marine finance. This gives you the confidence to browse, compare, and negotiate prices with a clear budget in mind. 

Pre-approval helps you:

• Avoid overstretching your budget
• 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. 
• Review insurance options to protect your investment.