Boat loans

Get a great deal on boat finance today.
Boat Loans
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Looking to hit the roads in style?
Boat
Ready to hit the water?

Discover the difference with Funnd Finance – where financing meets fun.

At Funnd, we understand the exhilaration that comes with owning a boat or jet ski, and we’re dedicated to turning that excitement into tangible experiences.

Our mission is simple:

Seamless

 To provide you with a seamless and personalized boat loan experience that takes the hassle out of financing.

Personalized

 We understand that finding the perfect boat is exciting, and we want you to enjoy every moment of the journey.

Enjoyable

That's why we handle all the financial details, so you can focus on choosing the boat that's right for you.

Boat loan

Whether you’re setting sail on the open water, cruising along the coastline, or tearing throught the waves on a jet-ski, our financing options are designed to provide you with the flexibility and affordability you need to get out on the water sooner.

Ready to hit the water?

Boat Loans Explained

Loans and financing isn’t always easy, so we’re here to help you in any way possible. If you don’t find the answer here, call us on: 0406 497 997

A boat loan is a type of financing, provided by a lender that allows you to purchase a boat by borrowing money. Like a car loan, you repay the loan amount, plus interest, over a set period of time.

Boat loans can be used to finance a wide range of marine vessels, including powerboats, sailboats, yachts, fishing boats, pontoon boats, and personal watercraft (such as jet skis).

Yes, boat loans can typically be used to finance both new and used boats. However, lenders may have specific eligibility requirements and loan terms based on the age, condition, and value of the boat.

Loan pre-approval involves a lender reviewing your financial information and credit history to determine the maximum amount you can borrow and the interest rate you qualify for. With this, you are not locked into the contract, but it provides you with a clear understanding of your budget and allows you to shop for a boat with confidence.

Yes, borrowers may have the option to refinance their existing boat loan to potentially lower monthly payments, reduce interest rates, or adjust the loan term if that lender allows you to. 

A balloon payment option is a feature available in some loan agreements where the borrower makes smaller monthly payments throughout the loan term, with a larger lump-sum payment (the balloon payment) due at the end of the loan term

While some lenders may require a down payment, others may offer no-money-down financing options. However, a larger down payment can lower your monthly boat loan payments and the total amount of interest paid over the life of the loan.

Financing a boat located outside the country may present additional challenges, such as currency exchange rates, import/export regulations, and registration requirements. It’s essential to consult with potential lenders and legal advisors to navigate the complexities of international boat purchases.

Yes, you can usually pay off your boat loan early without penalties. However, it’s essential to check with your lender to confirm their specific policies regarding early payouts.

Missing a boat loan payment can result in late fees, increased interest charges, and damage to your credit score. If you’re having difficulty making payments on your boat loan, it’s essential to contact your lender as soon as possible to discuss potential solutions.