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Last updated on April 20th, 2022 at 01:48 pm by Thomas Perrotta

Compare horse float personal loans

It’s rarely cheap and easy to look after horses. Fortunately, you can make use of a personal loan to help you cover the cost of a particularly costly expense in the form of your horse float. Compare a variety of low-rate personal loans with Savvy and get your application up and running today.


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site-logos Wisr Unsecured Personal Loan
  Advertised Rate from (p.a.) Comparison Rate from (p.a.) Loan Term Min-Max Loan Amount Monthly
site-logos 8.20%
fixed up to 17.95% p.a.
fixed up to 18.87% p.a. based on $30,000 over 5 years
3 to 7
$5,000 to
over 60 months
Go to site

Borrow between $5,000 and $64,000 with great low rates for excellent credit. Get a personalised rate estimate in 2 minutes that won't impact your credit score.

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site-logos Plenti Unsecured Personal Loan (Excellent Credit)
  Advertised Rate from (p.a.) Comparison Rate from (p.a.) Loan Term Min-Max Loan Amount Monthly
site-logos 7.39%
fixed up to 8.79% p.a.
fixed up to 9.91% p.a. based on $10,000 over 3 years
3 to 5
$5,000 to
over 60 months
Go to site

Apply for an unsecured personal loan and enjoy low rates for excellent credit. With no early repayment or exit fees, there’s a lot to love about this loan.

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site-logos OurMoneyMarket Unsecured Personal Loan
  Advertised Rate from (p.a.) Comparison Rate from (p.a.) Loan Term Min-Max Loan Amount Monthly
site-logos 5.85%
fixed up to 20.99% p.a.
fixed up to 23.83% p.a. based on $30,000 over 5 years
1 to 7
$2,000 to
over 60 months
Go to site

Apply for an unsecured personal loan between $2001 to $75,000 for a variety of loan purposes. Get a personalised rate estimate in minutes without impact your credit score.

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site-logos Harmoney Unsecured Personal Loan
  Advertised Rate from (p.a.) Comparison Rate from (p.a.) Loan Term Min-Max Loan Amount Monthly
site-logos 5.35%
fixed up to 19.09% p.a.
fixed up to 19.99% p.a. based on $30,000 over 5 years
3 to 7
$2,000 to
over 60 months
Go to site

Borrow up to $70,000 with personalised rates and repay over 3,5 or 7 years loan terms.

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Disclaimer: A comparison rate indicates the true cost of a loan. The comparison rate displayed for this advertiser is calculated based on a loan amount of $30,000 over 5 years and represents the effective rate on the loan. Comparison rates are true only for the examples provided and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

The features and benefits of horse float personal loan

Low rates from 4.45% p.a. secured (4.45% p.a. comparison)

You can find loans starting at rock-bottom rates when either secured or unsecured (5.35% p.a., 6.14% p.a. comparison), enabling you to secure a great deal.

Get approved for up to $75,000

With a personal loan, you can secure financing for as low as $2,000 all the way up to your maximum borrowing capacity, which is capped at $75,000.

Borrow over up to seven years

You also have a say in the affordability of your repayments by setting the length of your loan anywhere between one and seven years to suit your repayment capabilities.

Buy new or used floats

Because you’re utilising a personal loan, you aren’t restricted to buying either new or used floats: your range of options is extended to both of them across the country.

Fixed or variable interest

You’ll be able to choose between fixed and variable interest on your personal loan, giving you a choice between stability and the potential for further savings.

Simple and fast application

Personal loan applications only take five to ten minutes to complete and are 100% online. After submitting your application, you can receive an outcome in just 60 seconds.

Why horse owners compare loan offers with Savvy

Horse float personal loans explained

Why should I consider a personal loan to help me finance my horse float?

When it comes to your options for horse float financing, personal loans are amongst the most affordable with highly competitive interest rates. These stand in contrast to other methods of payment, such as credit cards, as lowering the overall interest and associated fees can make a real difference in the long run. Simply put, it can sometimes be difficult to garner the savings required to pay for something as important as a float for your horse.  

This kind of purchase can often set buyers back thousands of dollars, which you may not have available when you need it. Couple that with the fact that you want to buy a product that meets your quality requirements and you’ll probably have a sizeable hole burned in your pocket. That’s where a personal loan can come in to help. Whether you apply for one to cover the cost of the float or simply to lend a helping hand, personal loans are an effective way of alleviating the financial burden of big purchases. 

What’s the difference between a secured and unsecured personal loan for financing my horse float?

Another choice that your lender may provide to you is whether the horse float personal loan you go with is secured or unsecured. Securing your personal loan involves affixing a valuable asset of yours as collateral for added security. This will usually come in the form of a car or other vehicle, or in this case your horse float. Lenders will generally offer lower interest rates to lenders who secure their personal loans, as the security of one of their valuable assets means that they will have added motivation to ensure the loan is paid off.

Alternatively, you can opt for the more common option of an unsecured loan. These are quicker to process and generally easier to be approved for. They may become necessary if the horse float you’re looking to purchase is a bit older and your lender doesn’t accept it as collateral. The trade-off for borrowers avoiding putting forward an asset for security could be higher interest rates and monthly fees, but unsecured loans can be more lenient in the way that you are able to use the funds lent to you. This may come in the form of adding money to your horse float personal loan to pay for any bills or making use of any spare change should there be any left over.

What else should I consider when comparing options for horse float financing?

There are a variety of areas you can look to when comparing different finance options for your horse float. As mentioned, fixed or variable rates and secured or unsecured loans are two major factors that will likely inform your decision over which lender to go for. Interest rates will also prove to be a key point of difference between lenders and are perhaps the most easily accessible way to compare them, given that rates are often front and centre on webpages. Each lender’s policies on elements such as minimum and maximum terms or amounts, repayment conditions (e.g., extra/early repayments) and other fees will also serve as important considerations for any prospective lenders.

Other horse float finance questions

Should I buy my horse float through a dealer or privately?

It’s up to you – if you buy from a horse float dealer, it’s very unlikely that the title of the float will be able to be disputed at any stage, which could feasibly be an issue facing a private seller. However, you may find a much better deal with a private seller that’s too good to refuse. It’s important to do as much homework as possible when purchasing privately. 

Will I be able to make extra or early repayments for my horse float financing?

Yes – most personal loan financiers will enable you to make additional repayments towards your loan and ultimately pay it off ahead of schedule. In most cases, you won’t be charged a fee for doing so, which can save you a meaningful amount of money overall. Check your lender’s site in the comparison process to determine whether they allow payments of this nature, as this should be a priority for borrowers.

Does the interest rate change if my horse float is new or used?

If you’re taking out an unsecured personal loan, no – because this isn’t tied to the horse float in any way, you won’t need to worry about the condition affecting your loan’s terms.

How much can I borrow for my horse float?

Personal loans generally range from $2,000 to $75,000 if unsecured and up to $100,000 when secured. However, the amount you’re approved for will depend on a number of individual variables such as your income and borrowing history.

How can I maximise my chances of being approved for a personal loan?

The first step is to enter the application process with a clear idea of the amount you want and why you need that amount for your horse float and any other needs. Ensure that you meet the relevant criteria for approval prior to the application also, such as employment and residential status, income and current financial situation. It is essential that you never ask for more than you think you’ll be able to pay back. 

Is there a way for me to share the loan with my partner or family member?

Yes – a joint loan can be an effective tool for shouldering the financial burden and responsibility of a loan with another important person in your life.