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
Repayments & fees
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
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.
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.