Boat loans
Start floating your boat.
Fixed personalised interest rates from 7.99% p.a. to 24.99% p.a. (plus an establishment fee of $150).¹
Won't affect your credit score.
Canstar's most awarded Personal Loan (ever)
Set sail with a hassle-free online boat loan
Personalised finance for your first boat, your dream boat, or need a boat repair loan.
IN CONTROL
Borrow what you need for a new or used sailboat, speedboat, jet ski or other boat, or use a boat repair loan to fix up your own.
ONLINE BOAT LOANS - 24/7
You could be fishing, waterskiiing or just cruising at sea within a couple of days without the need for awkward face-to-face meetings.
UNSECURED LOANS
Our loans are unsecured so there's no need to put your new boat, or any other asset, on the line to get the money.
What our customers say
Language was easy to understand and pleased that there was an opportunity to "give more details" as to why the loan was needed.
Overall, a great experience.
Nga mihi nui new zealand
customer. new zealand
Simple, 100% online
1. Get to know you
First, tell us how much you want to borrow and confirm identity and finance documents we need.
2. Get your offer
We’ll send you a boat loan offer for you to approve that includes everything you need to know.
3. Get your money
Accept your loan offer, send us a few final details, then you should get your money within 24 hours.
What we offer
$2K - $100K
Loan limits
3, 5 or 7 years
Loan terms
$150
Establishment fee
$0
Early repayment fee
- You can get a 3, 5 or 7 year loan term¹
- Unsecured fixed rates from 7.99% p.a. to 24.99% p.a.²
- $150 Establishment Fee
- You can repay weekly, fortnightly or monthly
- Your rate is fixed for the life of the loan
Common boat loan questions
View moreCan anyone get a quote for a boat loan?
To get a quote for a boat loan in Australia:
You must be 18 years or older
You must be an Australian citizen, Permanent Resident or New Zealand citizen
You must have full-time or permanent part-time employment.
You need to have photo identification documents such as your valid Australian passport or valid Australian driver’s licence hand
Your credit file must not have any active defaults, judgments or bankruptcies recorded
You need to borrow at least $2,000 with your loan
To get a quote for a boat loan in New Zealand:
You must be 18 years or older
You must be a New Zealand citizen or Permanent Resident
You must have full-time or permanent part-time employment.
You need to have photo identification documents such as your valid New Zealand passport or valid New Zealand driver’s licence handy
Your credit file must not have any active defaults, judgments or bankruptcies recorded
You need to borrow at least $2,000 with your loan
Getting a quote for a boat loan or boat repair loan on Harmoney has the same requirements as most other types of loans we offer.
Can I include insurance and other costs in my boat loan application?
Yes, your loan can pay for all expenses related to buying and operating a boat, up to your borrowing limit.
What type of boat can a boat loan be used for?
You can use your loan to buy any type of boat, new or used, that’s covered by your borrowing limit. Whether it’s a sailboat, speedboat or a jet ski, let us know your plans when you apply.
Can I get a loan to repair my own boat?
Yes, you can use a personal loan as a boat repair loan to help with urgent repairs, general maintenance or upgrades to an existing boat.
Can I use my loan to pay off my boat dealer?
If you’re already using dealer finance to pay for a boat and you can't get out of the agreement, you could find a new loan with better terms to pay off your old loan. Harmoney’s debt consolidation loans are designed as a flexible solution to help borrowers get out of debt.
Quick boat loan estimate
See what personal interest rate and repayments you can expect on your boat loan with our quick estimate loan calculator.
Speeding you out of the dock
Spend less time sorting out finance and more time choosing the perfect boat.
100% ONLINE – 24/7
No face-to-face interaction required, apply and be approved online.
NO EARLY REPAYMENT PENALTIES
Able to pay off your loan early? Great! We won’t charge you anything extra.
PERSONALISED RATE
We use your credit profile to automatically calculate your personal interest rate.
About boat loans
A boat loan is a personal loan that can be used to cover expenses associated with purchasing, owning and maintaining a boat.
This could include the purchase price, repairs, maintenance, storage, accessories and equipment up to the value of your approved loan limit. There are various types of boat loans and it’s important to understand how they work when deciding which type of loan is right for you.
Unsecured boat loan
An unsecured boat loan is a loan which does not require your boat (or another asset) to be offered as security. This means your boat will not be repossessed if you default on your loan or have trouble making payments. Penalties are still charged for late payment, but this is a safer option than a secured loan.
All Harmoney boat loans are unsecured.
Secured boat loan
In the case of a secured boat loan, security (or collateral) is provided on the loan. This can either be the boat itself or another asset. If you default on a secured boat loan, your collateral can be seized by the loan provider.
Secured boat loans are not provided by Harmoney.
Dealer finance
Boat sellers will often offer their own finance, much like car dealerships. While these may seem attractive, often offering low-interest rates and other perks, they typically require a deposit and, like a secured loan, will keep the boat as security. Dealer finance often works out to be more expensive than third party loans, especially for those with bad credit.
Fixed and variable loans
There are two types of interest rates you can have on your loan: fixed and variable. A fixed interest rate is one that will stay the same despite outside influences, making it easier to budget and plan for the future. Meanwhile, a variable rate will rise and fall with the economy, making it a riskier option.
At Harmoney, our loans always have fixed rates so you can know in advance what your payments will be throughout your loan term.
Get moving today
Apply online for a boat loan and live your boating dreams.
Types of personal loans
Harmoney can help you with a loan for the things you need.
CAR LOAN
Ready to upgrade or buy your dream car? Get that new or used vehicle sooner with an online loan.
EDUCATION COSTS
Don’t let money get in the way of your education. Get help with your education expenses with a Harmoney loan.
DEBT CONSOLIDATION
Debt consolidation means making one simple payment on a new loan in place of your current debts.
HOLIDAY LOANS
If you’re desperate for a getaway but don’t have the means a Harmoney holiday loan could send you on your way.
WEDDING LOANS
Focus on planning the details of your dream day and leave the finances to us. A wedding loan from Harmoney can provide the funds to bring your wedding plans to life.
BUSINESS LOANS
Whether you’re launching a start-up or want to expand your established business a Harmoney business loan can help turn your business dreams into reality.
RENOVATION LOANS
If you’re ready to turn those renovation goals into reality a renovation loan from Harmoney can get the ball rolling.
MEDICAL LOAN
A Harmoney medical expenses loan can help ease the burden of unexpected or ongoing medical costs.
We're real people and here if you need us
If you need help, just give us a call on 0800 427 666 or jump on to online chat and one of our more than 30 specialists will be there to lend a hand.
Terms and conditions
1.Loan terms subject to availability.
2. Subject to approval. Harmoney’s interest rates are offered based on the individual borrower’s credit assessment according to Harmoney’s credit scorecard. In order to be approved you must meet Harmoney’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply.