Marine Finance & Boat Loan Calculator

So you're dreaming of your own boat so how will you finance it? And what about MFIA Finance Group can help you take care of the boat finance process. Our boat loans unlike normal personal loans from the bank are secured against the boat itself. As such we can offer some of the most competitive rates in the market, and most important of all, we will beat the banks.

So what are you waiting for get out there now and stop dreaming. From power boat Loans to superyacht boat loans, plus everything in between, Marine Finance and Insurance Australia can help secure you the best possible boat loan deal in the market. 

We Offer

• Boat Finance with fixed repayments 
• Ezi set up, we even come to you in most instances to do the sign up, just to make your life that little but easier
• Pre approvals, so as you can go shopping with the confidence you already have money in your pocket to secure your dream boat
• No Deposit boat loans are available
• We can structure repayments to suit your needs, by using balloon or lump sum payments

So no matter what you may be considering buying whether it be a runabout, cruiser, yacht, commercial craft or even a superyacht? We've got your boat loan covered...
Every possible option is considered and we adopt a one to one approach to your needs, so that we can thoroughly understand the best course of action for yourself moving forward. 

So what are you waiting for call or enquire online now to let the experts in Boat Loans organise your new boat loan right now. As we say "Get Out There".

Some things to Consider

When buying a new boat there is a great deal of information  you must work through before making your purchase. Is the boat big enough to get out on the outer reef, can I head up the river or streams to fish? Do i want to use it as a ski or fishing boat. With all of this to consider it is often easy to forget about finding the right finance package to suit your needs. Just like buying a car, buying a boat is a big decision and one that you will have at least for the next few years. So sometimes you can take the easyway out in looking at you boat loan options and simply take an offer from a dealer in regards to your boat loan purchase. But is this the best idea? Well its up to you, but most dealers that have in house finance and do not use a Boat Loan Broker such as ourselves will only have one boat loan lender to offer you. As such you are only offered what that lender will do for you, which may not be the best deal you can get, and in the long run can cost you extra money. 

Let me put it to you this way, when you buy a house do you go to the real estate agent and trust them that there home loan they may offer you is the best deal you can get for yourself on the market? 

If yes thats ok, but if no, why would you take the only finance offer a boat dealership may offer you in regards to your new boat loan. Doesn't it make sense to shop around and have a look at what else is available to you? That's where a boat loan broker can help, we can have a look at your overall financial position, and due to the fact we have a multitude of lenders we can use, we can evaluate your circumstances and put you to a lender that is going to give you the best deal; which is the most important thing, saving you money.

How our Boat Loan Process Works

Lets now have a look at how the finance process works, to show you how using a broker can not only help you get the best deal you can but also save you time and effort in finding this deal.

Firstly it is up to you to give us a call, or make an enquiry through our webpage. We then function as your boat loan calculator or boat finance calculator to find you the best boat loan rates.

Once we are in contact with yourself, we can simply run through an application with yourself over the phone, and then fax or email to you a Privacy and Client Acknowledgement Form for you to sign and fax or email back to us, we dot need the orignal. (saving you time)

From here on in its left up to us and you can put your feet up. We will access your application in house to make sure it will fit one of our lenders. If you do pass this in house assessment we will submit your application to the lender that will firstly approve the deal and secondly who will give you the best boat loan deal we can get.

Once this is done and we have an approval back from the lender usually within 24 hours, however it can be a matter of only waiting a couple of hours, we will contact yourself and run through the approval with you to make sure you are happy. 

If you give us the all clear, we will contact the boat yard in question and organise an invoice.

Once we have the invoice in hand we will print up paperwork for you to sign. Depending on where you are located, we will endeavour to come and see you in person to sign the paperwork, whether it be at your home, work or on the side of the road, we will work around you.

Now that we have the paperwork signed and completed we will settle the boat loan and the next call from ourselves will be the good news that you can go and pick up your new boat.

Some more useful information

Comparison Rates

Every boat loan has a wide variety of factors that should be considered when choosing the right boat loan for you. Ongoing fees and up-front charges which add to the cost of your boat loan over the loan term at the same time as comparing interest rates. Costs will vary between lenders and loans.

What is it?
Combine the nominated interest rate with the fees and charges that are associated the boat loan. This is a fantastic way to compare one boat loan costs vs another over the life of a loan. 
Other parts to consider which can influence overall costs are features such as redraw and direct debit facilities and repayment options.
It’s your money, so choose carefully. For more information on any boat loan please contact us direct for any clarification.

What costs does it include? 
• Nominal interest rate
• Boat Loan approval and any other up-front fees
• Known ongoing fees

What does it exclude? 
• Government and statutory fees 
• Insurance products like comprehensive insurance 
• Fees and charges that are event based such as early repayment or statement fees

How do you calculate it?
The calculation in accordance with regulations takes into account: 
• The amount borrowed 
• The term of the boat loan 
• The frequency of repayments 
• The interest rate

To be absolutely sure on the exact costs associated with your next boat loan with Marine Finance and Insurance Australia talk to one of our friendly staff – they will be happy to assist.