What Are the Different Types Of Boats That You Can Be Financed?

Have you been shopping around for your dream boat? Boating can be a fantastic pastime, whether you want to go sailing with the family or go on solo fishing adventures. However, for many people, the only way to purchase their ideal boat is through boat finance.

Here at iCREDIT, we offer boat finance options in Brisbane, which include:

Yachts

Sailing is a wonderful way to spend your weekends. Like they say, there is nothing much better than being out on the open water! However, yachts can definitely be pricey and are one of the most common types of boats for which finance is required.

Powerboats

Powerboats are considered any type of boat that has an outboard engine. These are commonly used for fishing, skiing or simply pleasure. They are a fantastic option for those living in Brisbane, and are fairly easy to get financed.

Used

If a used boat is in good condition, it can still be a great purchase, even if it needs a little TLC. Used boats are usually significantly cheaper than brand new boats so boat finance for used boats is relatively easy to get.

New

There is nothing like that new boat look, feel and smell. And with boat finance in Brisbane readily available, you do not need to compromise when buying the boat that you have always wanted.

Auction

Is there a boat going up on auction that has caught your eye? You may need provisional finance backing up your bid! And the good news is that we can help you get this finance so that you can win the bidding war!

Private Sales

If you find a private boat seller on an online platform or at your local dock, you are still able to access boat finance. You need not buy a boat from a dealership in order to access finance.

Are you looking for boat finance in Brisbane? Here at iCREDIT, we can help you find the ideal boat finance option for your needs and budget. Whatever type of boat you want to purchase, our finance experts can assist! Contact us today.

What Is a Soft Quote?

A soft quote is a simple, no-obligation way to explore your loan options without affecting your credit score.
When you request a soft quote, we assess your financial profile and give you an estimated rate, repayment amount, and loan term based on current lender options.

✔️ No credit file impact
✔️ No commitment required
✔️ Instant comparisons across multiple lenders

It’s ideal if you’re still shopping around or just want to understand what your repayments might look like.

 

What Is a Full Application?

A full application is the next step once you’re ready to proceed.
This involves submitting your information to the lender for a formal assessment. The lender then completes a credit check, verifies your documents, and provides a confirmed interest rate and loan offer.

✔️ Required for formal approval
✔️ Involves a credit check
✔️ Can lead to same-day approvals (depending on the lender)

What Affects Your Loan Rate?

Lenders consider several key factors when determining your personalised rate and terms. These include:

1. Your Profile

Credit history, employment stability, and income all play a major role in the rate offered. A clean credit file and steady employment can often lead to lower rates.

2. The Asset

The type, age, and condition of the asset (car, caravan, horse float, etc.) can influence risk and therefore the rate. Newer or higher-value assets often attract better rates.

3. Loan Term

Shorter terms generally mean less total interest paid, while longer terms may offer lower weekly repayments but higher total cost.

4. Fees

Every lender has their own structure for establishment, monthly, and exit fees. iCREDIT helps you compare these upfront so there are no surprises.

Why Compare with iCREDIT

At iCREDIT, we make finance simple and transparent. Our team compares a wide range of lenders, explaining your options clearly and helping you choose the best fit — without pressure or hidden costs.

  • Compare rates and lenders side-by-side

  • Understand your total loan cost upfront

  • Avoid unnecessary credit checks until you’re ready

Get Your Soft Quote Today

Take the first step with a soft quote and see what’s possible — all without impacting your credit score.

👉 Start your soft quote today