Online Boat Loans

Rapid Loans will help turn the boat you’re dreaming about into the boat you’re taking out on the water. Whether at a dealer, or an auction, or listed privately, wherever you find your next boat, you’re going to need a boat loan provider who will help you get it quickly.1

Rapid Loans now offers online boat loans

Rapid Loans offers online boat loans from $5,000 to $25,000 and we make the process simple, fast and secure. Apply online and our friendly, helpful loans consultants will help you find a a vehicle loan solution that suits your needs. We can even grant up to 2 weeks of conditional pre-approval on your boat loan.

Not working full-time? No problem! You are welcome to apply if you are:

  • Employed part-time or as a casual
  • A subcontractor or self-employed business owner
  • Receiving government benefits
  • On your learners permit


Boat Loan Calculator

Use our simple boat loan calculator to find out how much you can borrow towards your new toy.

Loan amount

Please Select
  • $ 2,001
  • $ 3,000
  • $ 4,000
  • $ 5,000
  • $ 6,000
  • $ 7,000
  • $ 8,000
  • $ 9,000
  • $ 10,000

How often do you get paid?

Please Select
  • Weekly
  • Fortnightly
  • Monthly

Rapid Loans

How online boat loans work

Say you go boat shopping in the morning and the find the boat you want. It might be a yacht, a cruiser, speedboat or the perfect vessel for going fishing in the mornings. Say the price is $10,000. With Rapid Loans, you can fill out our simple online form for the full amount. If everything in your application is in order, you can have your approval within hours.1

Apply now for your next boat loan


Whether you are a business owner who offers boat rental services or one who needs a boat for recreational purposes, saving the money to buy a boat outright might feel like a herculean task. If this is the case, getting a boat loan to finance your boat purchasing might come off as a possible option. But how do you go about boat finance? The process is pretty simple if you meet the requirements to qualify for a boat loan. We have streamlined our application process so it can be completed online in just minutes. We use the latest secure technology to compile the documents we need to assess your application, so you can spend more time looking at boats and less time looking through filing cabinets.

When going for a boat loan, the amount you will need depends on your budget for the boat, as well as the type of boat you are purchasing. There are a myriad of different boats out there, from yachts to speedboats and small fishing boats. Regardless of your preferred type of boat, Rapid Loans can assist you with boat finance from $5,000 up to $25,000. No matter what your taste is, Rapid Loans can assist with a loan package that can get you out on the water in no time.

Once you have done your research and have decided on the type of boat that meets your needs, then you can apply for a boat loan with us using our fast and easy to use online application. If you have not chosen your specific boat yet, don’t stress – we can offer your two weeks of conditional pre-approval so you can go shopping with confidence.

Call Rapid Loans on 1300 727 431 to discuss how you could be parking a new car in your driveway tomorrow.

Apply now for a rapid response


Boat finance is not very different from financing a new car as they are both classified under vehicle finance. Boat finance may allow you to purchase a more expensive boat that you’ve always desired that otherwise could have been out of your reach but has repayments that fit comfortably into your budget. Today, boat finance is quite different from how it used to be in the past with flexible repayment options and competitive rates.
Here at Rapid Loans, we provide secured boat loans. Secured loans are loans where the lender holds a security interest in an asset. For boat loans, the boat you purchase will serve as the collateral and will be retained if you default on your payments.


To begin with, it’s good to know there are many similarities between obtaining a boat loan and a car loan.

Type of Boat

Almost every lender will ask you to fill in the type of boat you want to purchase in your financing application. You will also have decided on the boat before you sign a loan contract, as this cannot be changed once the loan is granted because it serves as security for the loan.

Marine Survey

Another thing that may be required of you when securing a boat loan is a marine survey. This is usually required by some lenders when purchasing larger boats to ensure that the boat you are purchasing is in good shape, void of any faults, and to ascertain its durability over time. Nevertheless, you will most likely be asked to provide a marine survey only if you are purchasing a used boat. Most lenders will not require that for new boats as they should be free of defects and comes with a warranty.


It is a prerequisite that the boat is under comprehensive insurance for the duration of the loan term when taking out a boat loan with Rapid Loans.

If you are approved, we can help you get the boat of your dreams in no time. Boat loans are paid as weekly, fortnightly, or monthly instalments until the loan is fully paid back – this will all be laid out in your contract.


The period you will be given to pay back a boat loan depends on the amount, as well as the loan term. However, the time frame for small loans normally span between 24 to 48 months.


When getting a loan, you need to understand a few things so that you can make the best decision regarding your boat finance.

Boat Cost

Before you apply for a boat loan, you must find out the cost of the boat. Then you must consider your budget and apply for a loan you know your current wages will be able to pay back every month without any disruptions. Also, calculate the fees and interest rate and be sure it is what you can afford.

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Alex, Sunshine West

I had a few unexpected bills to pay off and I needed a bit of extra cash fast. I couldn’t believe how quick the whole process was with Rapid Loans – from applying for some extra cash to actually getting it in my bank account. Now I can pay off my unexpected bills in my own time, knowing exactly how much my repayments are

Katrina, Redan

When it came time to move into a new property, I knew if I saw something I liked, I’d need to come up with the money for a bond very quickly. So when I found my ideal property, I also found Rapid Loans online and it was an even quicker process to get the money I needed for the bond. I’d never borrowed money online before, but if you need cash quickly, I’d recommend Rapid Loans as your first click.

Kim, Caloundra

We got to the stage where one car was just not enough for us with everything we needed to do during the week and on weekends. So I applied for loan with Rapid Loans to buy a second car and I couldn’t believe how easy and simple it was to secure the funds we needed. Our repayments are all structured and we know exactly how much we need to pay off and now we have the second car we desperately needed. Would I recommend Rapid Loans to friends or family? Well I already have!

Christina, Mawson Lakes

I needed some money to pay off two smaller loans and part fund a family trip to the Philippines. I was blown away by how fast and efficient Rapid Loans was, always keeping me in the loop during the process and making me feel like I was their only client. A big thank you to Rapid Loans for their excellent service


October 8, 2020

Getting a Loan Without a Bank

With so many lenders out there, both traditional banking institutions and non-bank lenders, it’s important to consider the pros and cons when choosing which is the right one for you. Non-bank lenders are simply financial institutions that offer borrowers an alternative to getting a loan from a bank. The loan products are much the same… [Read More]