Boat and Marine Loans

Getting out on the water could be easier and more affordable than you think with the right finance options.

Whether you’re looking for a new or used boat, refurbish your existing boat, invest in a yacht or Jet Ski, we could assist you in enjoying the freedom of the open ocean.

Benefits

At Westpac we tailor unsecured marine finance with a great interest rate depending on your circumstances. With fast approval for qualifying borrowers and easy to manage repayments your dreams could become a reality.

Benefits at a glance:

  • competitive interest rates starting from 13.95% p.a.
  • flexible loan repayment options – no penalty for paying it off early
  • if approved, your loan could be in your Westpac account the following day
  • get what you need now and pay us back up to five years later (or longer depending on your circumstances)
  • can apply to top up your loan at any time
  • borrow up to $50,000 unsecured (or maybe more depending on your circumstances)
  • have a set date when you could be debt free
Repayments & fees

Check how much your repayments could be

Use our repayments calculator to see how much you could borrow for your new boat and how much your repayments could be.

Personal loan calculator

Fees

Personal loans - Fees
Fee type Fee amount
Establishment and documentation fee
$250 per loan
Loan payment failed fee
$25 per time

Overdue payments

For any overdue balance, you will be charged an additional 5% p.a. on default interest until this balance has been paid off.