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Handy Finance Boat Loan Calculator

4 Years
Select repayments type
Your Repayments From
per week
This will not impact your credit score
Indicative Rate From
Comparison Rate From
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.
Amount + Interest
The interest rate and repayment amount are estimates only and are based on the information you have provided. Your actual interest rate and repayment amount may be different. Terms and conditions, fees and charges and eligibility and lending criteria apply.

How much can I afford?

I can afford

4 Years
Select repayments type

Your input indicates possible affordability up to


This is based on weekly payments of $2,000 for 7 years, at 6.3% interest. Click below to begin a finance application.

A quote won’t impact your credit score

4 Quick and Easy Steps to Securing Your Boat Loan Pre-approval

Take a pre-approval with you for your next purchase

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Apply online

Complete your application online. Submit all of the required documentation.
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Get pre-approval

Our dedicated team will come back to you within hours and provide you with the amount best suited for your needs.

Make a plan

Think about when and how to make the most out of your loan – we’ll hold your funds for up to 3 months.
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Repay when ready

When you are ready to get started, settle your loan within as little as 24 hours.
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Removing barriers for what you need

Get approval in minutes to purchase what you need today.

  • Low rate

    Low Rates

    We’re committed to giving you the best and taking the stress out of borrowing, allowing you to enjoy life to the fullest.

  • Document

    No Hidden Fees

    Handy’s fees are completely transparent, giving you complete control over your finances.

  • Dollar

    Simple and Flexible

    Repay your loan however is best for you – weekly, fortnightly or monthly, for up to 7 years.

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    Quick Applications

    An application process entirely online, with pre-approval in minutes.

Minimum Eligibility Criteria

Who can apply?

  • Must be over 18 years
  • Australian Permanent Resident or Australian Citizen
  • Must receive employment income
  • Must be for consumer use only

Get started(Opens in a new tab)

A quote won’t impact your credit score

Handy Guide

Understanding boat loan calculator at Handy Finance

Handy Guide

Benefits of using a boat loan calculator

Our boat loan calculator makes it easy to form a picture of your financial situation if you take out a boat loan. You’ll be able to identify what your repayments will be without the need to run the sums yourself. This can help you understand what your ongoing financial commitment will be once you’ve taken out the loan and whether or not you can afford it. Knowing your repayments will help you sort out a final budget for your boat purchase, too. You may find your buying budget could grow or shrink depending on that repayment sum. 

If you were to try and calculate all of this yourself, there would be too much room for error. The Handy Finance Boat Loan calculator has been designed to reduce that risk and be simple and easy to use. You’ll need to plug in the required information – loan amount, loan term, repayment frequency (select from weekly, fortnightly and monthly) and credit rating. The calculator will then show you an estimated repayment and interest rate. With a few clicks, you can adjust the prompts to see how changes in your credit rating, repayment frequency or loan term may affect your final situation. 

Once you have a rough estimate, you can start your search for that dream new or second-hand boat in earnest!

Use the calculator to estimate repayments for a range of vehicle loans. Need financing for a caravan or motorcycle? See our caravan loan calculator and our motorcycle loan calculator to review the options available to you. 

Are you looking for a more precise way of calculating your buying power? Once you’re further into your research, you may want to apply for a personalised quote for free online. Our credit experts will provide you with an indicative rate and loan terms.

Frequently Asked Questions

Understanding the boat finance 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.

Using the boat finance calculator

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.

Loan eligibility and application process

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.