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Second chance boat loans designed to match your lifestyle.

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1 - 7 Years

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Get Back on the Water with iCREDIT’s Second Chance Boat Loans


iCREDIT specialises in tailoring financial solutions to suit a wide variety of boats and marine vessels, making it possible to turn your boat ownership dreams into reality, even if you’ve faced credit challenges.

Whether you’re considering a new runabout or bowrider or perhaps a pre-owned ski boat, the right loan can make your ideas a reality sooner than you might expect.

Our boat loan application process empowers you to compare and select financing options that align with your unique needs and budget. You can structure your repayments weekly, fortnightly, or monthly over a fixed loan term, offering flexibility that suits your financial situation.

At iCREDIT, our team is dedicated to simplifying the application process, ensuring that it doesn’t burden you with unnecessary financial stress. With years of experience in securing marine loans and financing for a wide range of vessels, we provide a variety of loan products through our extensive panel of lenders.

Backed by national purchasing power and a diverse platform of marine finance options, we offer a choice of loans tailored to applicants who have been knocked back by their bank, have less than perfect credit or need a fresh start. We have a team of committed finance consultants and a user-friendly online boat loan application, allowing iCREDIT to have you back on the water in no time.

Our commitment is to deliver a prompt, streamlined, and hassle-free loan process whenever you need it.

Boat Financing For

boat loans, marine finance, boat finance gold coast,Family on Leisure Boat with Pelicans OverheadPersonal Use 

Boat Finance

jetski, waverunner,sea,doo,kawasaki,yamaha,Jet ski and Wave Runner



Marine Finance

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

Secured personal loans use assets like your car or savings as collateral for favorable terms, lower rates, and larger loans, reducing lender risk.

Personal Loans

About Personal Loans

Unsecured personal loans offer flexible and collateral-free financing based on creditworthiness. Access funds for diverse needs without risking assets.

Business Finance

About Business Finance

Commercial marine finance assists businesses in acquiring boats and maritime equipment, enabling industry growth. Flexible terms and competitive rates support efficient working capital management for fishing, tourism, and shipping companies.

Loan Calculator

Our online marine loan calculator to assist with your loan repayment options.

The loan calculator can help if your sticking to a budget or loan term.

Loan Amount
$5000 $250000
Loan Term
12 months84 months

Loan Principal Interest

Loan Amount:
Loan Term:
Per Month*:
Int Rate:
Total Interest:

*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: 6.99 Comparison Rate: 7.71%


Second chance boat loans are financing options designed for individuals with poor credit or a less-than-perfect financial history. They provide an opportunity to secure a boat loan even if you’ve been previously denied or face credit challenges.

Second chance boat loans are ideal for individuals with bad credit, limited credit history, or past financial setbacks. They offer a chance to obtain financing for a boat or marine vessel when traditional lenders may decline your application.

Second chance boat loans work similarly to regular boat loans. You apply for the loan, and if approved, you’ll receive the funds to purchase your boat. However, these loans may have higher interest rates to offset the higher risk associated with borrowers who have poor credit.

Second chance boat loans can be used to finance a wide range of boat types, including sailboats, fishing boats, pontoons, personal watercraft (PWCs), and more.

Yes, making on-time payments on your second chance boat loan can help improve your credit over time. This can potentially lead to better loan terms and lower interest rates in the future.

You can apply for second chance boat loans through specialized lenders and financial institutions that offer financing options for individuals with credit challenges. Some boat dealerships may also have partnerships with lenders offering these loans.

Before applying for a second chance boat loan, assess your budget, determine the monthly payments you can afford, and compare loan offers to find the most favorable terms. Be aware of the higher interest rates associated with these loans and make sure the loan fits your financial situation.

More Loan FAQ’s



Access to Financing:

One of the main benefits is that second chance boat loans provide individuals with poor credit or a rocky financial history access to financing that they might not otherwise obtain. This enables them to purchase a boat and enjoy marine activities.

Credit Improvement:

Successfully managing a second chance boat loan can help improve the borrower’s credit over time. Making on-time payments and gradually rebuilding credit can open doors to better loan terms and lower interest rates in the future.


Higher Interest Rates:

Second chance boat loans typically may come with higher interest rates compared to loans for borrowers with excellent credit. These rates could increase the overall cost of the loan.

Limited Loan Options:

Borrowers with poor credit may have limited loan options, which can restrict their choices in terms of boat selection. They might not qualify for larger loan amounts or specific loan features available to borrowers with better credit.

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!