Our Boat Loan Pre-Approval process costs you nothing and commits you to nothing. We work hard for you to present you with the best boat loan options on the market today that will save you money - then you get to make the final decision.
Fixed low rates
Peace of mind knowing that your repayment won't change over the life of the loan.
We've been helping our customers secure their next pride and joy for decades. We work for you, not the banks and we are here to help you every step of the way. Our online application makes it easy to get your boat loan approved the same day.
Are you ready to move fast and want to get your boat loan pre-approval set up right now? We can help you with our simple online same day boat loan approvals. Hit the apply now button and let's get to work on your boat loan approval now.
When you get a boat loan, the lender provides you with the funds to purchase the boat. For a secured boat loan, the lender will take security of the vehicle as shown on a PPSR until the loan is repaid in full.
You are required to make your repayments on time over the term of the loan that you choose upfront between 1 to 7 years. The lender can have different fees including interest that is charged over and above the amount that you pay for the boat. It's important that you understand what fees and charges are included as part of your loan - speak with your Lending Specialist for more details on this.
Once your final payment is made, you will own your boat outright and the lender will lift their encumberance.
Our boat loan pre-approval process costs you nothing and commits you to nothing. We work hard for you to present you with the best boat loan options on the market today that will save you money - then you get to make the final decision on which loan is right for you.
A balloon payment is a one-off lump sum that you agree to pay your lender at the end of your boat loan term. If you decide to go with a balloon option, you can choose this balloon amount or percentage with your Lending Specialists guideance before you loan is submitted for approval.
Alot of customers choose to have a balloon payment to reduce their repayment commitments throughout the term of the boat loan with the knowledge of when they are likely to upgrade to the next boat.
A secured boat loan is a loan for which you offer the lender some sort of security, which is usually the boat itself.
The alternative to a secured boat loan is an unsecured boat loan or personal loan where no security is required. Because this is more risky for the lender, unsecured loans can come with a higher interest rate over secured loans. Sometimes this can be balanced with the flexibility to payout your unsecured loan early without any early payout fees. Speak with your Fox Finance Group Lending Specialist about this for more information on how we can structure this for you.
The information on this website is intended as an introduction to the various topics covered and the website visitor is invited to call the friendly and professional team at Fox Finance Group, on 1300 665 906 to be provided with the full details. All applications for a consumer loan approval are subject to responsible lending guidelines (National Consumer Credit Protection Act 2009). Fox Finance Group Pty Ltd is the holder of Australian Credit Licence number 382952.