Handy Finance Boat Loan Calculator

Taking out a boat loan with Handy Finance is a great way to finance the purchase of any new or used vessel – fishing boats, yachts and houseboats are all covered under a boat loan. You can also use a boat loan to cover costs associated with owning your boat, such as buying safety equipment, general maintenance equipment, or regular mooring costs. However, the main purpose of your loan should always be to buy a boat. You can apply for a boat loan or jet ski loan online in minutes.

Our boat loans have terms of between one and seven years. The terms of your loan will depend on your financial situation. Our credit team reviews your application and tailors the terms accordingly. You’ll be able to pay off your loan in weekly, monthly or fortnightly instalments over the term of the loan.

We offer flexible financing options that take into account your specific circumstances. The interest rate on your boat loan will be tailored to you in order to ensure you can make your repayments without any extra financial stress. The interest rate on all boat loans is fixed. This means that the rate won’t change based on market conditions over the term of the loan. You’ll know exactly how much you owe in repayments for the entirety of your loan.

The boat loan calculator can help you understand how much your weekly, fortnightly or monthly repayments are. All you need to do is enter the loan amount, loan term, repayment frequency and your credit rating into the calculator, which will show you your repayment sum. It will also give you an indicative interest rate and comparison rate. 

It’s important to note that the calculator is only an estimate of what your loan terms and repayments might be. For a clearer understanding of your buying power, consider getting a free personalised quote from Handy Finance.

A deposit isn’t required for a boat loan with Handy Finance. When you apply for a boat loan online, you must submit the relevant documentation (personal identification and bank statements) proving you meet the loan eligibility criteria.

To be eligible for a boat loan, you must meet these criteria:

• Be 18 years of age or older.
• Be an Australian citizen or permanent resident.
• Be currently employed (or self-employed).
• Not have a history of bankruptcy or have any outstanding or unpaid defaults with another financial institution.
• Not be a party to a court judgement. 

At Handy Finance, we want to make the loan application process as seamless as possible so you can reach your goal of boat ownership sooner. If you have questions about your eligibility for a boat loan, contact our credit team today.

You’ll need to supply documents that verify your identity, such as a driver’s licence or passport and three months of bank statements. This helps our credit experts provide you with an interest rate and loan terms that suit your needs.