Boat Loans Western Australia
Choose the boat finance Western Australia relies on for competitive rates and market leading broker services. From Perth to Wanneroo, Albany, and Busselton, explore boat and leisure finance options that are designed to work for you.
Credit One is synonymous with lifestyle and marine finance solutions that make getting on the water easier than ever before. With Credit one, you’ll partner with boating and leisure craft enthusiasts. The team of specialist brokers are passionate about leveraging industry knowledge and access to more than forty of Australia’s most trusted lenders to secure the best rate.
Credit One are not bound by a single financial institution. The team of boat finance brokers will shop the market on your behalf to find the perfect loan or finance deal for your new Jet Ski, Fishing Boat, and just about anything that floats! With Credit One, finding the best boat loan Western Australia has to offer has never been simpler.
Find out why Credit One’s customers keep coming back, with more than 1,000 five-star Google reviews. You can get a free quote for boat finance and find out if you qualify for low rates by submitting an enquiry on the Credit One website.
Boat Finance and Loan Calculator
Get an idea of repayments using Credit One’s free boat finance calculator. Enter your details into the boat loan calculator to see just how affordable boat ownership could be for you.
WA Boat Loan Options Explained
Whether you’re looking explore the magnificent Recherche Archipelago, see the turquoise waters of Buccaneer Archipelago, or just want a different view of Western Australia’s stunning coastline, a boat loan can have you on your way sooner – with minimal fuss. Outlined below are some of the most popular boat finance options that WA customers love.
Secured Boat Loan
This is the most common loan type for boat financing. Make the most of Australia’s low-interest rates and enjoy easy to understand lending conditions with a secured boat loan. Depending on a number of different factors, a secured boat loan can be equal to, less than, or greater than the value of the vessel.
Personal Boat Loan
Personal boat loans are used for new boat purchases, used boat purchases, and funding for vessel restoration projects. With Credit One’s access to personal loans and finance, you can combine multiple debts into a single monthly loan repayment. Personal loans are one of the most popular finance options due to ease of management and bundled payment options. With a personal loan, the boat is not used as security by the lender.
Commercial Hire Purchase (CHP) Boat Loan
This is an option if you’re purchasing a boat for business purposes. Commercial Hire Purchase (CHP) loans mean that the lender will purchase a boat or marine vessel on behalf of your company.
Once the purchase has been completed, it will then be leased back to your company at a set loan amount. Commercial Hire Purchase (CHP) is the ideal solution for companies that are caught between renting and buying – with CHP you get the best of both worlds.
Private Sale Boat Loan
Make the most of WA’s historically strong second-hand boat market. Private sale boat loans mean that you will have finances available to you when you are ready to make the purchase.
Western Australia Boat Finance You’ll Love
Credit One is dedicated to helping Western Australia residents and businesses make the most of the expansive West Coast. The team is proud to assist thousands of WA residents from Perth, Bunbury, Geraldton, and many more locations to secure their dream vessel – without the runaround.
A marine finance broker will do the heavy lifting for you by comparing rates from forty of Australia’s most popular lenders – including those only available to private brokers.
Credit One brokers will consider your unique circumstances to find the best loan in the market at the most competitive rate. It is no coincidence that Credit One was named ‘Broker of the Year’ for three years in a row by ERIC Insurance.
WA Boat Loan FAQ
How Do I Apply for A Boat Loan?
Applying for the best boat loans Western Australia has to offer has never been easier. The Credit One express application process is designed for simplicity. Visit the Credit One website to apply for a boat loan or finance today.
What Documents Will I Need to Apply?
The documents required to apply for a boat loan in WA will depend on whether you are taking out a personal or commercial boat loan. If you’re a PAYG employee, generally payslips will be enough, or if you are self-employed you’ll generally need to provide your latest tax return or financial statements. Your broker will advise you what you need to provide subject to your financial situation.
How Long Does Loan Approval Take?
The time frame for boat loan approval will depend on how much you are looking to borrow, your lending history, and your unique circumstances. The Credit One team works fast to ensure that you can access and lock in the best rate, in the shortest time frame.
How Much Can I Borrow?
The amount that you are eligible to borrow for Boat Finance in Western Australia will depend on your unique circumstances. A broker will assess your application to ensure that they can get the ball rolling as quickly (and seamlessly) as possible.