Low variable rate
No early repayment fees
Loan terms up to seven years

That weekend feeling awaits! Our Boat Loans allow you to purchase a new or used personal and trailerable watercraft up to five years old~. Give yourself more bargaining power with conditional pre-approval and feel freedom sooner with zero early repayment fees and loan terms available up to 7 years.

Looking to purchase an older boat? Check out our other Personal Loan options including our Secured Personal Loan.


  • Low variable rate
  • No deposit required
  • Increase your bargaining power with pre-approval
  • Make extra repayments with no fees for paying out the loan early
  • Borrow up to $150,000
  • Control your repayments weekly, fortnightly or monthly
  • Loan terms up to seven years
  • Redraw facility on your loan

Rates & Fees

Boat Loan^ 6.99Interest rate 7.51*Comparison rate
Boat Loan (near new)^^ 7.99Interest rate 8.51*Comparison rate
Effective date from Thursday 23 November 2023
Establishment fee $120
Document fee $55
Loan maintenance fee $5 / per month
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The fine print

^ Boat Loan is for the purchase of new personal, trailerable watercraft

^^ Boat Loan (near new) is for the purchase of personal, trailerable watercraft up to five years of age.

~ Age of the watercraft will be determined by the build date.

Please be aware that variable interest rates may change at any time without agreement. All interest rates quoted are per annum. Fees and charges are payable. Normal lending criteria, terms and conditions apply and are available on request.

* WARNING: These comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. A comparison rate schedule is available at any of our branches. Comparison Rate calculated on a secured loan of $30,000 over a 5 year term based on monthly repayments.

Before acquiring this product, the information above should be read in conjunction with the following documents to determine if this product is right for you: Target Market Determination; Personal Loan brochure; Account and Access Facility Conditions of Use brochure; Fees and Charges brochure; Credit Guide and the Loan Interest Rate Schedule.