Boat Finance Repayment Calculator
Conveniently Estimate & Assess Loan Options Using Our Online Boat Finance Calculator. Get Your Quick Boat Loan Estimate Now!
This calculator comparison chart is provided for general reference purposes only. It is not in any way intended as a loan application, it is not a quote for finance or any indication that an application has been received or approved. The repayments quoted may not include all the fees and charges that may be applicable. The interest rates and the repayments displayed do not account for any conditions pertaining to your individual loan application. Therefore the interest rate and repayment you may be offered may vary from the amount shown.
Sail, Power, Trailer, Jet Skis, Recreational, Commercial – Estimate All Loan Types with Our Versatile Boat Finance Calculator
Whether planning financing of a vessel for work or for play, for commercial use or recreational boating, our device has the adaptability to generate estimates on your choice of credit facility. Calculate repayments, compare interest rates, plan preferences for terms, balloons and make decisions on down payments and accessories.
Recreational watercraft buyers can calculate Secured Boat Loans. Commercial marine operators can compare and structure Chattel Mortgage, Marine Vessel Lease, Commercial Hire Purchase and Rent-to-Own Loans.
To ensure you calculate the relevant estimates, use the interest rate specific to your choice of credit facility. Use the rates we are currently achieving as a guide for estimating purposes. Select your credit product, enter the rate, loan required and term preference and get estimates immediately!
Securing the most competitive marine financing interest rates is key to securing the most affordable loan. As specialists in marine lending, we have vast connections in the lending market – with 80+ lenders. Connections which enable our experts to find not only the best rates on the market at any particular time, but also to match customers with the right lender. The right lender can significantly enhance any loan offer and may expedite the approval process. To have the right lender and best rate sourced to match your credit history and financial profile, connect with Easy Boat Finance online.
- Calculate Recreational Craft Financing – Secured Boat Loans, Unsecured Options.
- Compare Commercial Vessel Financing Facilities – Chattel Mortgage, Lease, CHP, Rent-to-Own.
- Compare Easy’s competitive boat financing interest rates – 80+ lenders.
Read more...
Don’t miss out on a great deal on a vessel while waiting for answers about your loan. Don’t waste time inspecting makes and models with price tags out of sync with your preferred loan repayments. Don’t try to guess loan payments to make important buying decisions. Save time, get clarity and immediate answers by calculating loan estimates yourself with our convenient online calculation device.
Estimate loan repayments to quickly secure limited-edition and short-supply models, take advantage of boat show specials and sales, buy quality craft selling online without delay, be ready to act quickly and confidently when buying a vessel on credit, with Easy’s online buying tool. Estimate loan options when and where you want, even from your phone when inspecting vessels at the marina.
Start estimating now and realise the power and convenience it provides.
Easily Access Our Online Boat Finance Calculator - Australia wide
Trying to mentally convert the price of a vessel to loan payments? Complex computations are required, but can be carried out in seconds with our calculation device. If seeking no deposit financing, simply enter the price into the loan total field. Enter the appropriate interest rate, your choice of term, and instantly the repayment estimate is displayed. If making a downpayment, subtract the amount from the loan total entered. Carry out the calculations for as many, and for any, vessel.
Our calculation device is an invaluable tool for buyers requiring commercial or recreational marine funding for all types of watercraft and vessels. Estimates can be quickly calculated to compare repayments on different models, across different ranges and from different manufacturers. Get the estimates you need to decide on the watercraft to suit your budget – all sized cruisers and yachts, jet skis and PWCs, fishing and wake boats, trailer boats, houseboats, working vessels, trawlers, charter fleets, tugs, dredges, and humble tinnies. Loans for new and used vessels can be estimated across a large price range.
The functionality of our device allows buyers to make a range of comparisons, assessments, and evaluations to support their decision-making process. Interest rates from different lenders can be compared by simply entering the required rate in the designated field. The most suitable term can be assessed by entering a number of options and noting the repayment estimate for each term. Commercial operators can evaluate different credit facilities with different rates and features and structure balloon preferences. Deposit decisions can be made by varying the loan total. Start setting your preferences with this easy-to-use loan calculating device.
Calculate estimates for different package options to compare and plan your purchase. Repayments can be quickly obtained for a loan for the craft only and for complete package deals including motor and trailer, yacht and sails. Add the cost of accessories to the loan total to see how they affect the repayment. To be included in the same loan, all inclusions in a package must be purchased at the same time from the same seller.
When browsing vessels for sale online, our device is your perfect crewmate. Have the calculating device open in another browser and convert advertised prices to estimated repayments as you browse. When repayments match your expectations, snap up that vessel straight away and click through to start your loan application with Easy. You could get approval in 24 hours. Financing is available for used models with different rates, terms and possibly loan totals applying, compared with new models. Vessels purchased through all sellers – authorised dealers and private sellers, can be eligible for financing. Start browsing and start estimating.
Establish Affordability – Quickly Change Prices to Payment Estimates
Don’t risk losing a deposit on a craft with loan repayments beyond your budget. Don’t miss out on buying a bigger, better boat because you didn’t realise how affordable the financing could be. Get those important answers and the figures that are relevant to buying decisions, quickly and easily with our calculating device. Input the advertised price or the price less your deposit, the relevant rate and preferred term for each vessel and not the relevant credit payment estimate. Instant answers to support your decision process.
Estimates for All Vessels – Recreational and Commercial
The same device can be used to calculate estimates on all types of vessels used for recreational boating and in marine industry business operations. Calculate estimates to compare makes and models of jet skis, PWCs, cruisers, sail boats, yachts, trailer boats, fishing boats, speedboats, cabin and half cabin models, motor yachts and houseboats. Structure financing for trawlers, work boats, charter vessels, rental boats, tug boats, dredges, and others. Compare options for vessel only, vessel and motor, vessel and trailer, and complete package deals.
Trim Estimates to Set Payment Schedule Preference
Quickly find out how long it will take to repay a loan on any vessel with different monthly payments. Change the term field to see how the payment value changes with longer and shorter terms. With a shorter term you will own the vessel in a shorter time, but repayments will be more per month. A longer term provides more time to repay the loan, and a lower monthly payment to finalise the commitment. What is your preference? Make some quick calculations to decide.
Boating to Your Budget – Select Price to Suit Payments
When buying with financing, the monthly payment is the most important number for most buyers. The calculating device allows buyers to work out what loan amount will result in the monthly repayment that suits their budget. The loan total can be varied to work out how much deposit needs to be made to get the monthly payment into that critical affordability zone. Once that is established, buyers can streamline their search by looking only at vessels in the repayment price range.
Easily Assess a Range of Options
Using the calculation device, buyers can easily compare and evaluate options based on vessel selection, credit facilities, loan structure, down payments, payment schedules and interest rates. Providing them with more essential information to make more confident, and possibly faster, buying decisions. Securing their vessel and getting out on the water to start enjoying their boating experience sooner.
Estimate, Assess, Evaluate, Decide – Multi-Functional Boat Finance Calculator
- Online convenience and privacy.
- Easy-to-use estimating device, fast and simple.
- Calculations for all types of boats, all types of credit facilities.
- Plan your preferred loan before requesting a financing quote.
- Evaluate repayments to support purchase decisions.
- Assess a wide range of financing and boating options.
How to Get Estimates with Online Boat Financing Calculator in a few simple steps
Calculating loan estimates using our device involves a few simple steps, a few figures entered, and a few seconds. You will need the amount you want for your loan. This may be 100% of the purchase price for no deposit financing, which is subject to lender approval. Alternatively, subtract the value of a trade-in or downpayment to arrive at your loan total. Enter this in the designated field.
The interest rate to enter will vary with the credit facility required. Your rate will be individually offered based on lender assessment. For the purpose of calculating estimates, we recommend using our current competitive rates.
The term of the loan – the time in years or months to pay off the total, is entered into the designated field. The length of the term can be a personal preference, being mindful that all loan elements are subject to approval by lenders.
Commercial marine businesses can also enter an amount for a balloon for Hire Purchase and Chattel Mortgage financing. This amount should not be taken off the loan total entered. The device has the functionality to carry out this computation when delivering your estimate.
With values entered in all required fields, the estimate of monthly payments is instantly displayed. It’s that easy, it’s that simple, it’s that fast. To compare vessel options or varying combinations of loan totals and terms, simply type another value in the appropriate field and see the estimate. If making comparisons, we advise noting the results as the device does not store your calculations. When the result meets expectations, request a quote from Easy – online or by phone.
- A few simple steps to invaluable repayment estimates.
- No special computation skills required.
- Fast, free, functional.
Buy & Apply with Confidence Using Easy’s Boat Finance Calculator for Estimates & Streamlined Application Process
Source the information you need on financing to make well-informed purchase decisions with our device, and then proceed confidently to apply for your marine loan with Easy. Our streamlined application process is the simple next step to follow through on estimates obtained using the calculating device.
To apply, upload your details for one of our marine financing experts to source the most suitable lender to match your details and the best interest rate offer. Our individual approach and personal service ensures fast approval, streamlined process, and prompt settlement for a customised marine loan. Apply now and be out on the water in your new craft in no time.
The most frequently asked boat loan questions
Can the cost of a boat and a trailer be included in one loan?
Where purchased together, from the same supplier, boats and trailers can usually be included in one financing contract. Subject to lender approval.
What is the rate I should enter in the boat financing calculator?
To find the correct interest rate to use with an online calculation device, users should refer to the rates being displayed by the provider of the device. This rate would be used for guide purposes only as individual rates are determined by an assessment of the application by a lender. Different rates apply to different credit products.
What is the difference between a quote and the repayment figure on a loan calculator?
Figures obtained using an online calculation device are estimates only and do not include lender fees and charges and does not allow for individual credit profiles which determine rate offers. A quote is a specific figure determined by a lender after assessing the individual application. Calculator estimates are to be used for guide purposes only.
Can a balloon be included on a personal boat loan?
A balloon is an optional inclusion for commercial credit facilities Chattel Mortgage and Hire Purchase. This is not a feature for personal credit products.
What is the maximum loan that an online boat finance calculator handles?
The functionality of individual calculation devices may vary. Generally, these devices do not have maximum lending amounts for calculations. Lenders will determine the credit limit for individual applicants.
Can I get estimates for a second-hand vessel using the online calculator?
Estimates on loans for second-hand boats can be calculated on online devices to be used as a guide only. Rates, terms and conditions on credit for used goods can be different from those for new goods.
Will my insurance policy cost be included in the estimate obtained on an online calculator?
No. Insurance is required on all goods under finance but the cost of a policy is not included in loan repayment estimates.
What is the function of a boat finance calculator?
A marine loan calculation device is provided for buyers to estimate possible repayments on different vessels and to compare different prices and interest rates.
Can the cost of the sails be included in my yacht financing?
Where sails are included in the same purchase as the vessel, at the same time and from the same supplier, the cost of sales and yacht may be incorporated into one credit arrangement.
If I use a lender’s calculator, does that mean I have to submit an application to them?
Generally there is no obligation attached to the use of online calculation devices.