We’ve provided answers to a few of the most commonly asked questions on boat and jetski marine finance.

Applying for a boat loan is easy. Our iCREDIT finance consultants are available 6 days a week and can be reached on 1300 350 118 or use our fast track application form – Apply Online 

The minimum required documents for boat loans are:

Photo ID (Driver’s Licence or Passport) 

Income Proof (Last 2 Payslips)


90 Days Bank Statements (if self employed)

We pride ourselves on delivering suitable boat financing answers in a timely manner and quite often can provide approval answers the same day.

iCREDIT is an Australian family owned and operated financial brokerage. We excel in providing personalised service and loan transparency for our customers.

Whilst we may not be as big as other brokerages, this works to our advantage as we find our lender and loan comparison system provides full transparency for our customers helping them decide on a loan with confidence.

Generally you don’t need a deposit for a boat loan as most lenders will finance 100% of the boat purchase price. If you do have deposit available this will reduce total interest you will pay over the loan term,

Yes, you can finance a private sale boat with loans starting from $5000. We offer a choice of loans from secured loans through to personal loans as well as loans for business use.

The simple answer is No. Although the loan documentation is the same, banks and lenders consider boats a lifestyle or ‘want’ item, rather than a ‘need’ or everyday use item such as a car.

The longest loan term for boat loans in Australia is 84 months (7 years)

What credit score do you need for a boat loan depends on the individual lenders credit criteria. While having a higher credit score (700+) will give you more lenders to choose from and better rates, a lower credit score will not stop you from gaining marine finance. It may mean your choices are limited or the lenders may want a deposit to go toward the loan.


Your dedicated finance specialist can help you find, compare and choose marine loans through a panel of 40+ banks and lifestyle asset financiers without negatively affecting your credit rating.

and most importantly, It’s obligation free!