Open water.
Feel the wind in your hair with a new boat.

There’s nothing better than being out on the water. We have a number of solutions we can tailor to you, to help get you in and on the water sooner!

We are here to help

Boat Loans

Rapid Loans will help turn the boat you’re dreaming about into the boat you’re taking out on the water. Whether at a dealer, or an auction, or listed privately, wherever you find your next boat, you’re going to need a boat loan provider who will help you get it quickly.

Rapid Loans offers online boat loans from $5,000 to $40,000 and we make the process simple, fast and secure. Apply online and our friendly, helpful finance consultants will help you find a  vehicle loan solution that suits your needs. We can even grant up to 2 weeks of conditional pre-approval on your boat loan.

Whether you are a business owner who offers boat rental services or one who needs a new boat for recreational purposes, saving the money to buy a boat outright might feel like a herculean task. If this is the case, boat loans can be a possible option for financing your purchase. But how do you go about boat finance?

The process is pretty simple if you meet the requirements to qualify for a boat loan. We have streamlined our loan application process so it can be completed online in just minutes. We use the latest secure technology to compile the documents we need to assess your loan application, so you can spend more time looking at boats and less time looking through filing cabinets.

When applying for boat loans, the amount you will need depends on your budget as well as the type of boat you are purchasing. There are a myriad of different boats out there, from yachts to speedboats and small fishing boats. Regardless of your preferred type of vessel, we can assist you with marine finance from $5,000 up to $40,000.

No matter what your taste is, we can assist with a marine finance package that can get you out on the water in no time.

Once you have done your research and have decided on the type of boat that meets your needs, then you can apply for a boat loan with us using our fast and easy to use online finance application. If you have not chosen your specific boat yet, don’t stress – we can offer your two weeks of conditional finance pre-approval so you can go shopping with confidence.


Open & Honest

We take pride in being open and honest with you about car loans and the lending process. Our representatives want to ensure that you’re signing a document for a loan that you can afford and terms that you understand.

Tailored Loan Offering

We offer tailored repayment options and can offer pre-approval for up to two weeks. Our friendly and knowledgeable loan agents and customer support staff ensure your loan fits your lifestyle.

Fast Approvals

Our boat loan application process is simple and quick and best of all, we provide quick responses and fast funding if you’re approved!

How it works

Apply Online

Complete our easy online application form. Don’t worry, we only need the important stuff to get you moving.

Upload Documents

Upload your important docs via our secure online platform. We’ll tell you what you need, and it only takes a few minutes.

We’ll Get In Touch

Your application will be reviewed and one of our friendly loan consultants will be in touch soon!

Receive Funds

If approved, have your funds faster than you can say Rapid Loans! If you applied in the morning, they could hit your account the very same day.


Frequent Questions

Find the answers you are looking for by browsing through a number of questions we get asked a lot.

What is a boat loan?

Rapid Loans provides several different types of financing options, including boat and marine loans. A boat loan in Australia is a type of financing provided by banks or lending institutions, such as us at Rapid Loans, to individuals or businesses for the purpose of purchasing a boat. It works similarly to a car loan or personal loan, with the boat serving as collateral for the loan. At Rapid Loans, this is what we call a secured boat loan. The boat finance amount, interest rate, and repayment period are determined by a range of factors such as the borrower’s credit history and the value of the boat. The borrower makes regular repayments until the boat loan is fully repaid. At Rapid Loans, we are pleased to offer our customers flexible loan and payment schedules to ensure they can have the boat of their dreams and also maintain the boat loan to avoid any extra fees and charges.

What are the benefits of a boat loan in Australia?

A boat loan with Rapid Loans offers many benefits. The benefits of boat loans in Australia can include:

Affordability: A boat loan can make the purchase of a boat more affordable by spreading the cost of the boat over a longer period of time. Marine finance is a great option for people who want to achieve the dream of a new boat now but may not have the extra cash on hand to pay for the full amount of the boat upfront.

Flexibility: Boat loans usually come with a range of options, such as different repayment terms and interest rates, which can be tailored to the individual needs and circumstances of the borrower. At Rapid Loans, we offer secured boat loans with security taken over the boat being financed.

Convenience: Taking out a boat loan is a convenient way to purchase a boat without having to pay the full amount upfront. Instead of a lump sum, customers can make easy weekly repayments for the life of their boat loan which is easy on the bank account.

Improved credit score: Repaying a boat loan on time can help improve the borrower’s credit score. Having a good credit score can benefit borrowers in the long run when applying for other loans or credit products.

Overall, taking out a boat loan in Australia can provide a convenient and affordable way to purchase a boat and enjoy the benefits of boat ownership.

What is a balloon payment?

A balloon payment is a significant extra payment made on your loan that is greater than your normal repayment. A balloon payment can be made at any time of the loan term and will reduce the loan term and interest charges for that loan. We do not require balloon payments at Rapid Loans, however the option is available to you to make extra repayments without incurring any fees.

How do I apply for marine finance?

We make applying for a boat loan super easy at Rapid Loans. To apply for marine finance with us in Australia, there are a few important points you must consider before submitting your application for  marine finance.

When looking into boat finance, ensure you’ve done your research to find a lender like Rapid Loans which specialises in marine finance. Ensure you have checked their interest rates, repayment terms and other fees and charges associated with the loans.

Before you take out a loan or begin looking for a new boat, ensure you are eligible to take out a boat loan. There are certain eligibility criteria you will have to meet for marine financing. It is a good idea to check your credit score, as most lenders will require you to meet a certain minimum credit score. You will also need to ensure you can prove you have a steady income to be able to repay the marine finance. You’ll also need to be able to show where your money goes each week to show the lender that you have enough funds available each time the repayment comes around to pay your boat loan back.

At Rapid Loans, we make the application process very easy. We want you to be able to submit your information, gather the required documents and give you an answer about whether you’re eligible for marine finance as soon as possible. At Rapid Loans, we need to be able to see you have a source of income, and formal identification, so we know to whom we’re loaning the money and some information about the boat you’re dreaming of to ensure it is able to be financed.

We try and make sure that if you’re eligible, you have your marine finance approval as soon as possible. Once we have everything from you, we assess each loan on an individual basis to ensure we understand you and your needs. If you’re approved, we aim to get the funds to you within 24 hours.

Before we disburse the funds to you, you’ll need to sign the loan agreement and commit to making your repayments according to the agreement.

It’s important to carefully consider your financial situation and understand how marine finance works before applying for a loan.

Can you get finance for all boats?

At Rapid Loans, we make it possible to obtain financing for many types of boats in Australia, including recreational boats, fishing boats, yachts, and other vessels. However, the specific financing options and requirements may vary depending on the type of boat, its value, and your personal financial situation.

To obtain financing for a boat, you will need to provide proof of income and employment, be aware of your credit history, and may need to provide a deposit for the boat loan. At Rapid Loans, our marine finance is similar to a car loan and is a secured boat loan. This means we hold a security on the boat and in the unfortunate circumstance that you don’t repay your loan, we will collect and sell the boat.

You should assess your financial situation as well to ensure that you have the financial means to afford and repay a boat loan.