Compare boat loans Brisbane
Save time finding cost-effective boat finance
Whether you’re going to hit the Gold Coast or you want something for getting out on the river, if you’re looking for boat loans Brisbane based and you want value for money, you came to the right place. Don’t consider financing your next purchase until you compare marine finance offers via Savvy. If you’d rather spend countless hours surfing the waves than surfing the web, explore your options quickly and easily online and save more of your time for doing what you love.
How Australians use boat loans to save money
Why more people choose Savvy?
How do boat loans work?
Secured boat loans
Secured finance means you use your boat as collateral against your borrowing until the loan term ends. That means lenders take fewer risks and reward you with lower interest rates, making your boat a lot cheaper.
Fixed interest rates and repayments
Those lower interest rates get fixed for the boat loan duration, which means your repayments remain the same no matter how long you borrow for and what the base rate does. That makes for easier budgeting.
User-friendly, flexible boat loan terms
Borrow what you need and repay precisely how it suits. Secured boat loans via Savvy come with repayment options that can run anything between one and five years.
Any boat you want
Using a secured boat loan is just like paying for a boat with cash. You can borrow to buy either a new or used boat, and you don’t need to buy from a dealership if you’ve seen a boat elsewhere. Buy private or from a showroom.
Qualify for a boat loan quickly
Boat loan applications are easy and fast via Savvy. Upload all the required documentation through our website, fill out forms, even sign agreements digitally. Lenders pay funds directly to the seller.
How to apply for your boat loan in Brisbane?
To qualify for a boat loan in Brisbane, you’ll need to be eighteen or over, a citizen or resident, and able to afford repayments. Lenders assess that by checking your bank statements to see what you earn and spend each month. They’ll also look at your credit report.
It makes good financial sense to check your credit report now and then, and you can do that once a year for free. Credit providers sometimes make incorrect entries or forget to update items. That can weigh negatively against you and affect your borrowing limit when you make a finance application. If you spot any errors, you’re entitled to contact the provider and get them corrected.
You’ll need to supply ID, which can be a driving licence or passport. Lenders also ask to see your recent bank statements – usually at least the last three months. You can upload documents via Savvy’s website.
The lender will ask you to fill out a relatively simple application form. It’s essential to get that done as quickly as possible, but don’t rush through it. Mistakes will delay your application slightly.
Once your boat finance gets approved, the loan provider will send an agreement for you to sign. Make sure to read that thoroughly and understand all the finance elements before you sign and return it. When the lender has reviewed your signed agreement, they’ll release funds to the boat dealer or private seller.