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Loan Options For Boats and Marine.

Securing financing for your dream boat can be as diverse as the vessels themselves.

There is a multitude of loan options designed to suit various needs and financial situations, making it possible for enthusiasts, seasoned sailors, and first-time boat owners to set sail on their aquatic adventures.

From secured boat loans to unsecured personal loans, each option comes with its unique advantages and considerations. In this introduction, we’ll explore different loan types for boats, helping you navigate the waters of marine finance and find the best solution to embark on your boating journey.

Boat Financing For

Type of Loans Available

Secured Boat Loans

About Secured Loans

Secured boat loans are a standard option when purchasing boats and marine craft. A Secured Loan can help when borrowing higher amounts as lenders will take the boat as security against the loan. This provides comfort for the bank and usually comes with better interest rates.

Personal Loans with Security

About Personal Loans With Security

Personal loans for boats with security provide financial stability. Your collateral, such as a car, caravan, boat or other asset, assures lenders, resulting in better rates and terms. These loans are a good option if buying privately.

Personal Loans

About Personal Loans

Personal boat loans offer flexible financing solutions for boats and marine craft. These unsecured loans don’t require collateral, making them ideal for those who prefer not to risk their boat. With personalised loan terms, they can accommodate various budgets and boat ages.

Business Finance

About Business Finance

Business marine finance offers companies the means to invest in commercial marine vessels. Whether you need a fleet or a single workboat, these financing solutions provide flexibility, competitive rates, and structured terms, enabling your business to navigate the seas of success with confidence.



A secured boat loan is a type of financing where the boat itself serves as collateral for the loan. If you fail to repay the loan, the lender has the right to repossess the boat.

Personal loans for boats are unsecured loans, meaning they don’t require collateral like the boat itself. Secured boat loans typically have lower interest rates due to the added security.

A personal loan with security is a loan where you offer collateral other than the boat, such as your home or car. In contrast, a secured boat loan specifically uses the boat as collateral.

Secured boat loans often offer lower interest rates, longer loan terms, and higher loan amounts compared to unsecured personal loans, making them a cost-effective choice for boat financing.

Personal loans for boats are a good choice for those who don’t want to risk their boat as collateral, but they typically come with higher interest rates and may have lower loan limits.

Yes, you can use a personal loan with security to buy a boat, and the benefit is that you can secure a lower interest rate compared to an unsecured personal loan.

Yes, business finance for boats is available. Business loans may offer different terms and tax advantages and are tailored to meet the financial needs of a business, unlike personal loans for individual buyers.

Interest rates for boat loans are influenced by factors such as your credit score, the loan term, the lender’s policies, and market conditions. Secured loans tend to have lower interest rates due to collateral.

Yes, boat owners often refinance their loans to secure better interest rates, reduce monthly payments, or adjust the loan term. Refinancing options depend on the lender’s policies and current market conditions.

With some commercial boat loans the interest paid on a secured boat loan may be tax-deductible as well as depreciation, GST and other expenses. Consult with a tax advisor to determine eligibility in your area. Business finance for boats may also offer specific tax advantages for businesses.



Finding the right loan for a boat can be time consuming and rather frustrating. Having a choice of lenders and loans we can help you find the lowest overall cost loan to suit your needs.

Depending on your loan application, some boat loans can be approved the same day and in some cases the funds can be transferred that day.

Loan terms for boats can vary from 1 to 7 years with the option to repay additional repayments and bulk payments to reduce the overall loan term total interest.


If you’re purchasing a boat with the intention of paying the loan out within 12 months, a secured loan may not be the best option for you. Some secured lenders may charge an early exit fee if you pay out the loan early.

A boat is a lifestyle item, meaning you need to make use of it to justify the loan taken.

If buying for commercial business use, get some advice from your accountant first to make sure you are benefiting from the right loan product.

Why Choose iCREDIT for Boat Finance?

iCREDIT works with you to provide accessible finance solutions for marine vessels. We excel in finding suitable loan options for our customers especially in the lifestyle asset area throughout Australia.

Our process provides you a transparent result throughout our panel of banks and lifestyle lenders, tailoring the best options to your unique circumstances and credit profile. Our strong partnerships with over 40 of Australia’s lenders ensures your next boat loan or marine financing solutions are a perfect fit.

With a simple online loan application and same-day approvals possible get ready to enjoy the Aussie weather out on the water!

We’ve helped thousands of Australians find their loan.

I would highly recommend Christine from iCredit. She is extremely professional in her work and always succeeds to beat any other competitors rate. She will go out of her way to listen and care for your needs in a loan. We have used Christine for various loans over the past few years and will continue to do so for years to come. Thanks Christine, you are a true gem!
Julie was professional and easy to talk to from the outset of our enquiry. She understood our needs and did a fabulous job finding the right loan for us. We had approval within hours and settlement within 3 business days. It was an easy and wonderful experience and we would recommend her services to anyone looking for a professional, experienced and skilled broker.
Anieve J
Many thanks to Kim for her prompt and professional service organising finance for a machinery purchase. Nothing was too much trouble for her ,she made the whole process smooth and hassle free. Great job Kim , I will certainly recommend your services to anyone looking to make finance an easy experience
Paul M.
Great people to deal with, Scott helped us out so much for a fast result couldn’t be happier
Wayne W.
Christine from iCredit is amazing! She goes above and beyond to help with getting the best interest rates and helps every step of process. Thanks to Christine I have an amazing new horse float and I can’t thank her enough! I wouldn’t hesitate to recommend her to anyone!
Jasmin P.
Glen Giggins from the icredit team recently helped with the finance for the purchase of our brand new gooseneck through Peaceland Horse Floats and Goosenecks and he was wonderful!!! he made the whole process so easy and went above and beyond to ensure we got the lender that met our needs. Both Glen and the services he provides are Highly recommended
Tahliah P.
Great service & made so easy. Fast
Rebekah C.
Kim is extremely helpful and very good at what she does. Quite happily recommend her.
Good afternoon please I don't understand this app again you use auto debt to debt from account the sum of 36920 and you still asking me to pay please Check ur record well
Adekunle A.
Kim was excellent to deal with working with me outside of business hours definitely helped to, will definitely be going back to Kim for any broker needs!
Maxwell B.
Scott from iCredit was fantastic to deal with when we purchased our new horse float. He made everything so easy and nothing was too much trouble. Highly recommend dealing with this company.
Tina R.
I’ve used icredit for multiple loans and Scott has been nothing but professional, fast and amazing to work with. Can’t recommend them enough.
Fraser G.
derek S.
Christine helped us with our finance & we could not recommend her highly enough she answered every question we had went above & beyond to help us,Will be recommending her to everybody ! Thank you so much christene for the best customer service !
Hayley R.
Christine From iCREDIT helped me get the car I wanted, she was so helpful and nice And it was quick, easy and low rate. She is absolutely fabulous at what she does, I highly recommend this lovely lady.
Alirra B.
Christine at ICredit is Amazing she went above and beyond to help us. I can honestly say i don"t think i have had better service and care anywhere ever! All times of day of night Christine was offering to help. Thank you Christine you made ta stressful process very enjoyable. Thank you , you a are Legend.
Cindy H.
I got my car loan processed and approved super quick, without any issues.AMAZING AND PROFESSIONAL
Eliza C.
Big Thank you to Glen Giggins for helping me refinance my home loan. Thank you for your patience and keeping me informed during the tedious process. I have a much better interest rate and lower mortgage repayments! Cannot recommend Glen highly enough!
Jade L.
Highly recommend the team at icredit very helpful with getting a loan.
Amanda B.
Big Thank you to Glen Giggins for helping me refinance my home loan. Thank you for your patience and keeping me informed during the tedious process. I have a much better interest rate and lower mortgage repayments! Cannot recommend Glen highly enough!
Jade L.
Kim is absolutely fantastic!She always had good communication during the process.Everything was quickNo words for her efficiencies and dedication .Well done Icredit to have such a valued team 😊
Yazmina L.
Lyn W.
Easy to deal with and very friendly staff. Fast turnaround time getting loans sorted
Daniel J
very happy with the service Kim was very nice and very helpful thankyou
Jade R.
Absolutely awesome company. Scott was amazing, made the process so quick and easy as was always around to help when needed. Got the car I've wanted for ages and in the colour I wanted. 100% recommend when looking to buy a car like I was. Appreciate it Scott!
Molly M.
Christine has been amazing. This time with our car purchase she got approved for us in just 2 days. Always positive and ready to help. Will definitely be going back for a 3rd time when we need help with our next finance request. Thank you so much Christine.
Heather B.
Great service, very prompt from Kim in what was a slightly difficult situation, would highly recommend!!
Jason W.
I would like to thank Kim Shelverton for her assistance in getting my car loan.Kim is very friendly and professional it was a pleasure to deal with her.It was easy to get in contact with her no matter the time. I would recommend Icredit if you are looking for a a car loan.
Todd B.
Shout out and a HUGE thank you to Christine at ICredit. Christine managed to obtain my funding at an incredible rate when I wasn't even sure that I could get approval!!! First loans are difficult when you are young. She process my loan with amazing speed, walked me through the process with ultimate professionalism and dealt with the car dealer, lenders and insurer for me. Christine took away all the stress associated with borrowing money to finance a car and completely took care of everything for me. I cannot recommend her highly enough! If you are looking for finance, contact Christine. You will not be disappointed. Thanks Christine!
Brock L.
Friendly, knowledgeable and easy to deal with. Everything advised, you know what you need to provide and updates are provided throughout the process. They will even deal with the dealer direct to save you being the middle man. Approval and documents ready to sign within hours.
Meagan A.
Kim is a great help, friendly and helpful, makes it a lot easier than doing it alone.I will be using her when ever I need something
adam B.
Very satisfied with the service - the speed of settlement was incredible and puts my bank to shame.Kim is friendly, knowledgeable and determined to make sure that everyone walks away happy from the experience.I'd give 6 stars if I could.
Steve H.
Kim and Scott were so accommodating and helpful and kept things smooth sailing the way through! They were patient and friendly 🙂
Teresa W.
Christine from icredit was the only person i had dealt with that listened to exactly what i wanted, if it wasnt for christine, i wouldnt be driving my car, or be im a better position to be able to buy my first home in the next 2 years. Cant thank her enough and i give her a million stars, only deal with christine
Ethan L.
Jay T.
I cannot recommend Christine from iCredit highly enough. I had been dealing with another broker who had done nothing but talk for 2 weeks before I called her. It was a complicated loan because of self-employment and the fact I had borrowed nothing from anyone in 12 years. Christine was onto it asap and got it all done within a week. Everyone happy; No tears.
Rondell J.
A big thank you to Christine. Help me get my new 4WD Patrol within days at a better interest rate than the banks. Simply and stress free process. Cannot thank her enough.
Johnny O.
Lachlan S.
This is the 2nd time I've worked with Matt. He was recommended to me as he helped someone get a loan who might not have been able to.He's helped me get 2 cars so far and even my dealership was impressed at the speed at which he organised everything and settled the contract.I will continue to use Matt for all vehicle loans.
Ethan H.
Matt at iCredit has been awesome. The application and approval process was easy and very quick and the communication from Matt great.I would highly recommend this Company for their pain free and fast service.
Kerry S.
A big thank you to Christine. Help me get my new 4WD Patrol within days at a better interest rate than the banks. Simply and stress free process. Cannot thank her enough.
Johnny O.
Awesome customer service and managed to get me a great rate on my personal loan. Highly recommend contacting the team at iCredit for your lending needs.
Steve W.
Christine was absolutely amazing with helping an making sure everything worked out ! Cannot thank her enough ! ?
sam F.
Emily fromICREDIT was most helpful very easy to contact at all times for any help at any time couldn’t recommend her enough
casey H.
Doing business with Kim was a breeze. Kept me informed throughout the process. Highly recommended 👌
andrea M.
Glen Giggins from the icredit team recently helped with the finance for the purchase of our brand new gooseneck through Peaceland Horse Floats and Goosenecks and he was wonderful!!! he made the whole process so easy and went above and beyond to ensure we got the lender that met our needs. Both Glen and the services he provides are Highly recommended
Tahliah P.
Excellent customer service and extremely quick with the whole process.
Daniel P.
I can’t recommend Christine at iCREDIT enough. She went above and beyond for us to make sure we got the product we were after. She made the process so easy and at rates better than our bank. Thanks Christine!
Kim D
Thank you very much. Scott is the best
Laura C.
Can’t thank Emily enough, gorgeous person to deal with!! Patient and understanding Thankyou for the lovely service
Kiara T.
I cannot recommend Scott from credit enough! This is the second loan in a year Scott has helped me with and I couldn’t be happier with the service he provides.Nothing is too much trouble and my experience both times has been hassle free! Thanks Scott and Team!!
Racquel L.
Kim Shelverton made the entire process so effortless and less stressful, nothing was an issue for her, she is very friendly and helpful. Thank you Kim for all your help.
Paul M.

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iCREDIT Boat Loans are available throughout Australia, Melbourne, Sydney,  Adelaide, Hobart, Darwin and Perth, Gold Coast, Palm Beach, Burleigh Heads, Tweed Heads, Brisbane, Ipswich, Sunshine Coast, and Queensland Today!

*Finance subject to approval, including the application of applicable lending criteria. Terms and Conditions apply. Fees and Charges are payable. Credit assistance provided by iCREDIT Australian credit licence 499023. ^Comparison rate for Secured Loan is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies 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. **. Interest Rate: 5.49% Comparison Rate: 6.71%