Relax onboard you new boat with a boat loan from ILoans. From motorboats to yachts, houseboats or even jet skis. With our large range of lenders you can rest assured that you are getting the best loan possible for your boat.
We can help secure finance for commercial boats such as ferries or fishing boats, any boat for business use, we have a boat loan to suit.
We have a variety of loan options available, both secured and unsecured.
With a personal boat loan the financier advances you an amount to buy a boat and then takes a security interest over the boat. Once the loan is paid in full you get clear title of the boat. But you are not limited to just a boat loan. ILoans can finance your marine purchase with a finance lease, commercial hire purchase or a chattel mortgage.
Applicants need to be employed and being a homeowner or mortgagee also helps although it is not a necessary requirement. You require some borrowing history such as a previous personal or car loan that shows your ability to meet commitments. Also, you must have a surplus income over your monthly expenditure so that the lender knows you are able to meet your repayments. To find out more about our boat loan options call and talk to one of our trained consultants.