Whether you’re looking to buy a new boat, upgrade your jet ski or replace an outboard motor, Avara Finance can help make your marine dreams a reality with boat finance to suit your budget. We compare options from our wide panel of lenders to find you the best rate – so you can spend less time on paperwork and more time on the water.
Take a couple of minutes to fill out the form with some basic information.
Our friendly team will be in touch to discuss the documents required.
We’ll assess your profile and pair you with your best lending option.
Accept your contracts electronically for a quick and easy settlement. Consider using pre-approved loan features for more flexible finance options.
If you’re looking to upgrade your fishing boat or need a new family cruiser, Avara will have you having fun in the sun in no time.
Looking to get out in the sun with adrenaline? At Avara, we have plenty of lending options to start your summer holidays.
Having to replace a motor can take the fun out of your holidays. Thankfully, Avara can get you funded straight away to get back on the water.
Whatever activities you enjoy out on the water – whether it’s fishing, cruising, or water sports – Avara Finance can make it happen for you with boat finance to suit your budget.
Gather comprehensive details about different finance options before making your decision. Buying a boat is one of the most exciting purchases you can make, but it’s also a significant financial commitment. That’s why understanding your boat finance options before you start shopping is essential. A boat loan allows you to spread the cost of your purchase over a set loan term, making it far more manageable than paying the full amount upfront.
In Australia, there are several different ways to finance a boat. The right option for you will depend on factors including your credit score, the type of vessel you’re looking to buy, and whether the boat is for personal or business use. Make sure to gather all necessary details. By taking the time to compare what’s available, you can save money on interest, reduce your repayments, and choose a loan structure that truly fits your financial situation.
At Avara Finance, we work with a wide panel of lenders across Australia to find the boat loan that’s right for you. Options are available for both personal and business needs. Whether you need a secured loan for a new vessel or a personal loan for a second-hand purchase, our team is here to help you navigate the process from start to finish.
Whether you’re new to the boating world or an old hand, with so much of Australia’s beautiful coastline on offer to explore, taking the plunge and buying a new boat will always be a treasured experience.
Avara Finance can help you get the best boat finance options available from our wide range of lending partners, ensuring you can get out on the water as soon as you’re ready.
Turn your jet ski dreams into reality with our convenient and flexible finance solutions. We can help you finance new or used jet skis, as well as trailers and other marine sports accessories.
Avara Finance’s quick and easy loan approval process will help get your adrenaline going in the sun.
Need finance to replace or upgrade your boat motor? Avara Finance can help you ensure you’ve got the power to get you where you need to be. Consider whether a personal loan might be suitable if you need additional funds.
Whatever your boat motor upgrade needs are, talk to Avara Finance today about how we can help you.
When it comes to boat financing, there are two main loan types to consider: secured and unsecured. Understanding the difference is key to choosing the option that works best for your needs.
A secured boat loan uses the vessel itself as collateral for the lender, including options for larger commitments. Because the loan is backed by an asset, lenders can typically offer a lower interest rate and more flexible repayment terms. Secured finance is a popular choice for borrowers looking to purchase a new boat or a higher-value vessel, as you can often borrow a larger amount over a longer loan term. If you have a good credit history and are buying a boat that meets the lender’s criteria, a secured loan is often the most cost-effective option.
If you’re looking to buy a smaller or older boat – or if you’d prefer not to use the vessel as security – an unsecured personal loan may be the right fit. Personal loan options don’t require you to put up an asset as collateral, which means the application process can be faster. However, because there’s more risk for the lender, the interest rate on an unsecured loan is generally higher. A personal loan can also be a good option if you need additional funds for accessories, registration, or marine insurance on top of the purchase price.
The best option depends on your circumstances. Consider how much you need to borrow, the age and value of the boat, your credit score, and how much you’re comfortable paying in monthly repayments. Avara Finance can help you compare both secured and unsecured options from multiple lenders so you can make an informed decision.
One of the most important factors when choosing boat finance is the interest rate you’ll pay over the life of the loan. Even a small difference in rate can add up to significant savings – or costs – over several years.
A fixed rate locks in your interest for the full loan term, giving you certainty over your repayments. This makes it easier to budget, as your weekly or monthly payment stays the same. A variable rate may start lower, but it can change over time depending on market conditions. Consider which structure best suits your financial goals.
When you’re shopping around for a boat loan, don’t just look at the advertised interest rate – always check the comparison rate as well. The comparison rate takes into account not only the interest but also most fees associated with the loan, giving you a more accurate picture of the true cost. This makes it much easier to compare offers from different lenders and banks on a like-for-like basis.
Several factors influence the rate a lender will offer you, including your credit history, the loan amount, the loan term, whether the loan is secured or unsecured, and the age of the boat you’re looking to purchase. A strong credit score and a newer vessel used as security will generally help you access the best rates available.
At Avara Finance, we quickly compare rates from our panel of lenders to find competitive options tailored to your needs – at no cost to you.
Before you commit to a boat loan, it’s important to understand how your repayments will work and what terms are available.
Most boat loans offer the choice of weekly, fortnightly, or monthly repayments. Choosing a more frequent payment schedule – such as weekly – can help you pay off your loan faster and reduce the total interest you pay over time. Avara Finance helps you find lenders who offer the flexibility to structure repayments around your budget.
Boat loan terms typically range from one to seven years. A shorter loan term means higher repayments but less interest paid overall, while a longer term lowers your regular payment but increases the total cost of the loan. Avara can help you find the right balance so your repayments are affordable without overpaying in interest.
When comparing boat finance, be sure to check for any additional fees, such as establishment fees, ongoing account-keeping fees, and early termination fees. Some lenders offer loan options with no ongoing fees, while others may charge a fee if you pay off your loan early. Avara Finance prioritises lenders with transparent fee structures, and many of our options come with $0 early termination fees.
Some boat loans offer a balloon payment option, where a lump sum is due at the end of the loan term. This reduces your regular repayments during the life of the loan but requires you to pay a larger amount – or refinance – when the term ends. A balloon structure can be useful for business owners or borrowers who expect their financial situation to change. Such details are crucial when planning your finances.
With so many lenders, banks, and finance options available in Australia, finding the right boat loan can feel overwhelming. Here are a few steps to help you get started.
Before you apply, it’s a good idea to check your credit score and gather the necessary details. Your credit history plays a major role in the rate and terms a lender will offer you. If your score needs some work, talk to our team – we work with lenders who cater to a range of credit profiles.
A loan calculator is a simple way to estimate your repayments based on the amount you want to borrow, the interest rate, and the loan term. Avara Finance offers an easy-to-use calculator on our website so you can get a quick snapshot of what your repayments might look like before you apply.
Applying for pre-approval gives you a clear idea of how much you can borrow before you start shopping. This puts you in a stronger position to negotiate with sellers and helps you stay within your budget. Avara Finance’s fast and efficient approval process means you can get pre-approved quickly, so you’re ready to buy when the right boat comes along.
Rather than going directly to your bank, consider using a finance broker like Avara Finance. We compare options from multiple lenders on your behalf, saving you time and often finding a better deal than you’d get by approaching a single bank. Our service is designed to take the stress out of the process so you can focus on the fun part – choosing your new boat or jet ski.
Use our calculator to estimate your boat loan repayments. Simply enter the amount you’d like to borrow, select your preferred loan term, and see an estimate of your weekly, fortnightly, or monthly repayments.
The main options are secured boat loans (where the vessel is used as collateral) and unsecured personal loans. Secured loans generally offer lower interest rates, while personal loans provide a faster application process without needing to use the boat as security. Avara Finance can help you compare both to find the best fit.
