At Greenside Finance, we make financing your dream boat easy and accessible. Whether you're looking to purchase a new yacht, a second-hand boat, or a small fishing vessel, our boat loans offer competitive interest rates and flexible terms tailored to your needs. We provide quick approvals and a straightforward application process, ensuring you can get out on the water sooner. With Greenside Finance, you can enjoy a smooth sailing experience both on the water and with your finances. Set sail confidently with Greenside Finance!
As a boat loan broker, we make securing the best financing options for your new boat simple. Here’s how it works:
Determine Your Budget We help you assess your financial situation and set a realistic budget based on what you can comfortably afford, including monthly payments, insurance, and other costs.
Check Your Credit Score We will evaluate your credit score to help ensure you qualify for a loan. Understanding your credit profile is crucial in securing favourable financing options.
Explore Loan Options As a broker, we compare various lenders to find the most competitive financing options for you. We help you compare rates and terms to find the best deal.
Get Pre-Approved We can assist in getting you pre-approved for a loan. Pre-approval gives you a clearer understanding of how much you can borrow and helps you confidently negotiate with dealers or private sellers.
Review and Sign Once approved, we review the loan terms with you, making sure you understand all details. We help you finalise and sign the agreement.
Take Delivery of Your Boat After the loan is finalised, you can take delivery of your new boat. We’ll continue to be available for any further support you need with the loan or financing.
What are the benefits of a boat loan?
Affordability A boat loan allows you to spread the cost of purchasing a boat over manageable payments, making it more financially feasible. This means you can enjoy the benefits of boat ownership without having to save a large sum upfront
Ownership Having a boat loan enables you to own a boat sooner rather than later. This means you can start enjoying your time on the water while paying off the purchase over time, rather than waiting until you've saved enough to buy outright.
Flexible Terms Our lenders provide flexible loan terms, allowing you to select a repayment period that suits your budget—whether you prefer higher payments over a shorter term or lower payments spread out over a longer duration. This flexibility makes it easier to enjoy your boat while managing your finances effectively.
Recreation and Enjoying Life Owning a boat provides endless opportunities for recreation and enjoyment. Whether it's fishing, swimming, or engaging in watersports, you'll have plenty of ways to have fun on the water. A boat also serves as a perfect escape, allowing you to explore new destinations and coastlines while enjoying leisure time with friends and family.
What are other things to consider when getting a boat loan?
Age of the Boat Consider the boat's age, as newer models often have a higher chance of loan approval and attract better rates. They typically offer improved resale value and warranty options. In contrast, older boats may require more maintenance, potentially increasing your overall ownership costs.
Purpose Determine whether you'll use the boat for fishing, cruising, or leisure activities, and select a vessel that meets your specific needs for an enjoyable experience.
Safety Features: Ensure the boat is equipped with essential safety items, including life jackets for all passengers, flotation devices for emergencies, and navigational aids like GPS and compasses. Additional safety gear, such as fire extinguishers and first aid kits, enhances overall safety and provides peace of mind during your time on the water.
Discover why the grass is greener with Greenside Finance
Our finance specialists simplify the entire process, saving you time, money, and stress. From navigating lender requirements to negotiating and finalising the settlement, we offer a complete one-stop solution for all your financing needs.
We carefully select products from trusted lenders who meet our high standards for competitive pricing and quality service.
Low Credit Score?
We can help you secure affordable financing options, no matter your personal circumstances or credit history.
More Approvals
Our easy-to-follow process makes getting your loan approved fast and simple.
Best Rates
Our expert loan specialists work tireslessly to secure the lowest interest rate.
Secure Your Finance First
Get your loan approved with Greenside Finance before you start shopping. Our quick approval process simplifies your boat buying, and our optional boat locating service makes finding the right boat easier than ever. Enjoy a streamlined, efficient boat buying experience with pre-approval and expert assistance.
How Do I Apply?
Applying with Greenside Finance is smooth and simple!
Submit Your Application: Use the "Get Started" button below
Get the Best Deal : We’ll search for the most competitive finance options tailored to your needs.
Get Approved: We’ll handle the approval process and coordinate the paperwork.
You can finance a wide range of boats, including cruisers, sailboats, fishing boats, and more.
What are the interest rates for a boat loan?
Loan terms and interest rates depend on your credit profile, the loan amount, and the age and type of boat. Rates and terms can vary, so it's best to consult with Greenside Finance for a personalised quote based on your specific situation
Can I pay out my boat loan early?
Yes, you can make early repayments on your boat loan. However, some lenders may charge early exit fees, while others do not. It’s important to consult with your Greenside Finance broker to understand if any fees apply for early loan payout.
What documents are needed for a boat loan?
You'll need to provide identification, proof of income, and basic details about the boat. If you haven't selected a specific boat yet, you can provide these details at a later stage.
Is there a minimum loan amount for a boat loan?
Yes, the minimum loan amount for boat loans with Greenside Finance is $8,000.
How long does a boat approval take?
Boat approval is usually quick, often taking just a few hours to a couple of days. The exact time can vary based on the lender’s processing speed and the completeness of your application.
How old can the boat be for finance?
The boat can typically be up to 15-20 years old by the end of the loan term. If it’s older, a personal loan may be required instead.
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