How it Works
Dreaming about getting out on the water? Finance King can help you purchase your dream boat by finding, comparing, and securing the best boat and jetski loan in Bundaberg.
Boat & Marine Finance Calculator
Frequently Asked Questions
How long is a boat loan term?
Depending on the lender, Bundaberg boat loan terms can be as short as five to seven years or as long as 10 to 20 years. The type of loan you have, including the amount borrowed, interest rates, and secured or unsecured, will also impact the length of the boat finance term. At Finance King, we work with our clients to find the best boat loan terms that suit the financial needs and personal preferences of each applicant.
How much can I borrow for a boat and jetski loan?
You can borrow as little as $3,000 to as much as $1,000,000+ for a boat and jetski loan. How much you can borrow will depend on your personal financial circumstances.
To ensure we find you the best loan with the most favourable terms and rates, we look at every element of your financial position, including loan history, employment status, and debt-to-income ratio (DTI).
What is the interest rate on a boat loan?
The interest rate on a boat loan is around six to seven per cent. However, a range of factors can affect the interest rate, including the loan amount, whether secured or unsecured, second-hand or new, and the borrower’s creditworthiness.
Finance King’s Bundaberg boat and jetski finance brokers are dedicated to securing the lowest possible interest rate for your boat loan. Among our extensive network of 35+ lenders, we compare Bundaberg’s most competitive rates to ensure you are receiving the best boat loan rates available.
Am I eligible for a boat loan?
To be eligible for a boat loan in Bundaberg, you must be:
- 18 years old or older
- An Australian citizen or permanent resident
- Employed with a regular source of income that can be proved
Finance King also considers financial factors, including loan history, income and employment status, and debt-to-income (DTI) ratio.
What can I get with a boat and jetski loan?
Boat and jetski loans can help borrowers purchase any type of marine vehicle, including sailboats, fishing boats, yachts, and jet skis. Used and new boats are also eligible for financing.
It’s important to be aware that terms and rates vary depending on the type of vehicle you intend to purchase. For example, used boat loans generally have a higher interest rate than new boat loans. This is to compensate for the somewhat higher risk lenders take with used boat loans.