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 finance

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 finance consultants will help you find 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 dream boat.

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 vessel 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 new boat for recreational purposes, saving the money to buy a boat outright might feel like a herculean task. If this is the case, boat loans can be a possible option for financing your purchase. 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 loan 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 loan application, so you can spend more time looking at boats and less time looking through filing cabinets.

Boat Finance up to $25,000

When applying for boat loans, the amount you will need depends on your budget 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 vessel, we can assist you with marine finance from $5,000 up to $25,000.

personal loan boat finance

No matter what your taste is, we can assist with a marine finance package that can get you out on the water in no time.

Easy Online Boat Loan Application

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 finance application. If you have not chosen your specific boat yet, don’t stress – we can offer your two weeks of conditional finance pre-approval so you can go shopping with confidence.

Call Rapid Loans on 1300 727 431 to discuss your finance options for how you could be taking your dream boat out on the water 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 loans may allow you to purchase a new or 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, marine 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. A Secured boat loan is a finance option where the lender holds a security interest in an asset. For boat loans, the boat you purchase will serve as the collateral for the loan and will be retained if you default on your payments.
Man fishing


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

Type of Boat

Almost every lender will ask you to fill in the type of boat you want to get 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 boat loan is granted because it serves as security for the loan.

Marine Survey for Boat Loan

Another thing that may be required of you when securing a boat loan is to get 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 taking out a boat loan to purchase a used boat. Most lenders will not require that for new boats as they should be free of defects and comes with a warranty.

Boat Insurance

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

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


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 applying for a boat 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.

Check out our loan calculator towards the top of this page to find out if this marine finance option will work for you and apply online for a fast response.

Why Choose Rapid Loans?

We take pride in being open and honest with you about car loans and the lending process. Our representatives want to ensure that you’re signing a document for a loan that you can afford and terms that you understand. These are the top benefits of working with us for a variety of finance options:

    Boat loan Instructing

  • We offer tailored repayment options.
  • We can offer pre-approval for up to two weeks.
  • We have friendly and knowledgeable loan agents and customer support staff.
  • We provide quick responses and fast funding if you’re approved.
  • Our personal loan application process is simple and quick.

If you need help or have questions, we encourage you to contact us. These are the easiest ways to get in touch with us:

Since 2003, we have been a top choice for efficient personal loans for people in all parts of Australia. Please reach out to us to get started with your boat loan application. We look forward to serving you!

Rapid Loans
Apply now for a Car Loan
Apply now for a Personal Loan

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.

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

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

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!


July 14, 2022

Best Ways to Consolidate Debts

Debt can add up quickly and sometimes before you know it, you may find your financial situation has escalated into stressful territory as you owe money to a number of different people or providers. Paying off multiple debts at the same time can be complicated and challenging but debt is usually a part of life… [Read More]