If you’re looking for a boat or a jet-ski, a personal loan can help you escape to the water sooner. Or, if you’re looking to upgrade, you could finance your dream boat in just a few clicks.
From fishing boats to pre-loved yachts, waterski boats and everything in between, you can apply online and set sail sooner than you think.
Boat finance is simply a personal loan that’s used to buy a boat or jet-ski. You can use the funds to buy a used boat or a brand new one – the choice is yours. Once you’re approved, you’ll pay the loan off in small, flexible, repayments. It’s that simple.
Designed to help you pay your loan off easier, our loans come with:
You can apply for a boat loan at any time online. If you’re still deciding, read on for our top tips when buying a boat.
Choosing your boat is the most exciting part! The type of boat you buy should fit with the purpose or activities you wish to do.
For example, water-skiers and wakeboarders may want to buy a bowrider, cabin cruiser, or a specialist ski and wakeboard boat. If you love fishing, a bass boat, centre console, cuddy cabin, or runabout, may be the boat for you.
For ocean cruising and living, you may want to consider a yacht, sailboat, catamaran, or a houseboat.
We recommend doing your research and enlisting the help of a boat expert before you buy. You can borrow as little as $5,000 and up to $75,000 for a boat so there’s a finance option for almost any boat (or jet-ski) you like.
Just like cars, boats come with ongoing maintenance costs. You may also want to set aside some cash for servicing, repairs, safety equipment and mooring fees.
A boat is a big investment, don’t forget to get insurance to protect it. You’ll also have peace of mind if your boat is stolen or in an emergency.
Estimate your repayments and find your loan today.
Pay it off your way.
From personalised interest rates to no monthly account fees, you’ll be saving smarter, not harder.
That means no shareholders. Our profits go back into new products and clever ways to help you manage your money.
It’s normal to take your time deciding which loan is right for you.
If you’d like some assistance, call us on 133 282 for a chat.
A personalised interest rate is an interest rate based on an assessment of your credit score. If you have an excellent credit score and a good history of repaying loans, credit cards and other bills, you’ll likely be offered a lower interest rate.
When you apply for a personal loan your individual situation and your credit score will be considered when calculating your personalised interest rate.
Learn more with our guide to understanding our personal loan interest rates.
A comparison rate will help you identify the true cost of the loan, which includes the interest rate plus all the relevant fees and charges for a loan.
Yes. You can apply for a loan to buy a used boat. You can also buy from a dealer or private sale, so you’ll have plenty of options when looking for your ideal boat.
No. You don’t need a down payment to apply for a boat loan. Once you are approved, you’ll simply make repayments as per your loan contract.
The calculations provided are estimates only and are based upon the information entered by the user. The calculations do not include upfront or continuing credit fees and charges and do not constitute a loan application or variation to an existing facility, loan offer or loan approval.
Your contracted personal loan repayments will be set to a monthly frequency, meaning you will need to meet the agreed repayment amount by the due date stated on your loan contract each month. To meet this minimum monthly amount, you can however make repayments weekly or fortnightly.
A secured loan is 'secured' against the asset you are borrowing for, such as a car. If you are unable to repay the loan, the lender can sell the asset to cover the costs of the loan.
An unsecured personal loan is a loan that does not require an asset as security. Your income and ability to repay the loan is still assessed, however you don't need an asset to secure the loan.
Your credit score is a number used by lenders to assess how likely you are to repay a loan. Your score is based on the information in your credit report, including:
Learn more with our guide to Understanding our personal loan interest rates.
An ideal loan for many purposes, such as debt consolidation, home improvements, new or used cars and motorbikes of any age, boats, caravan and more.
For buying or refinancing a new or used car or motorbike up to seven years old.
For buying or refinancing an electric or hybrid car up to seven years old.
For eligible green purchases, including solar panels, battery packs, solar hot water systems and hot water heat pump systems.
Loans are issued by Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply.
Rates current as at 7 March 2024 and subject to change.
Your loan contract will state the minimum monthly repayment amount. You can arrange with us to make repayments on a weekly or fortnightly basis.
1. Comparison rate examples are accurate for a personal loan amount of $30,000 secured loan over a term of 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
2. Comparison rate examples are accurate for a personal loan amount of $30,000 unsecured loan over a term of 5 years. WARNING: Comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
3. A $200 minimum withdrawal amount applies for redraws conducted in-branch. Redraw facility is available for Great Southern Bank Personal Loan products on offer from 6 June 2017.
4. You will need to hold a Great Southern Bank everyday account when the loan is funded.
*The rate you are offered is calculated based on your personal circumstances and credit history. A few different factors are considered, including:
Your personalised rate won’t be confirmed until you receive an offer from us (if approved) and is subject change before your loan settles.
Your application ID is in the confirmation email we sent from loanapplication@gsb.com.au. For help, call us on 133 282.
