Boats
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Product explanation
What is marine finance?
Plain-English guidance so you can understand the product before deciding whether to proceed.
Marine finance covers eligible boats, watercraft, trailers and selected marine assets. It can support personal leisure purchases or business-related marine assets depending on the scenario.
Because marine assets vary widely, lenders commonly look at asset type, age, value, purpose, storage, insurance and repayment capacity.
Broker-led, not one-size-fits-all
- Clear product explanation
- Practical document guidance
- Suitable lender pathways reviewed
- Structure explained before application
What can be financed
Common examples we can help review
Final lender fit depends on the asset, applicant profile, loan amount, purpose and supporting documents.
Watercraft
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Boat trailers
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Marine equipment
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Outboard engines
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Dealer purchases
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Private sales
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Marine asset refinance
Commonly reviewed by lenders depending on the applicant, asset, purpose and supporting documents.
Who this may suit
Practical scenarios where broker guidance can help
Figure Out Finance works through your situation, explains lender expectations and helps identify suitable next steps.
Employees buying leisure marine assets
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Self-employed applicants with income evidence
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers upgrading boats or watercraft
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Marine-related businesses where suitable
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Applicants comparing finance options
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Customers refinancing existing marine loans
We help clarify the loan purpose, likely lender requirements and next steps before an application is prepared.
Finance options available
Structures that may be considered
Depending on your circumstances, options may include the structures below. Not every option is available to every applicant.
Secured marine finance
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Personal loan options where suitable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Business asset finance where applicable
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Balloon or residual options where available
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Refinance options
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
Private sale finance pathways
Depending on your circumstances, this may be considered by one or more lenders. Availability is not guaranteed.
What lenders usually consider
How lenders commonly look at an application
The assessment is not designed to be intimidating. It is about confirming the loan purpose, ability to repay and whether the product fits lender criteria.
Income or business trading history
This is one of the common factors lenders may review when assessing the application.
Credit profile
This is one of the common factors lenders may review when assessing the application.
Marine asset type, age and value
This is one of the common factors lenders may review when assessing the application.
Deposit or equity
This is one of the common factors lenders may review when assessing the application.
Loan purpose
This is one of the common factors lenders may review when assessing the application.
Repayment capacity
This is one of the common factors lenders may review when assessing the application.
Existing debts
This is one of the common factors lenders may review when assessing the application.
Supporting asset documents
This is one of the common factors lenders may review when assessing the application.
How Figure Out Finance helps
Guided support from enquiry to settlement
You get clear broker support rather than being left to interpret lender requirements alone.
- Understanding what you are trying to fund
- Comparing suitable lender options from a broad panel
- Explaining the structure clearly before proceeding
- Helping with documents and lender requirements
- Managing lender communication
- Supporting the process through to settlement
Documents commonly requested
Documents depend on the lender, loan type and applicant profile
Documents requested will depend on the lender, loan type and applicant profile. Dean will confirm the exact list after reviewing your scenario.
- Driver licence or ID
- Income evidence
- Bank statements where requested
- Asset invoice or sale contract
- Registration or hull details where requested
- ABN details for business-use assets
- Payout letter for refinance
- Insurance details before settlement
Process
Simple 4-step process
1
Tell us what you need
Share what you are trying to fund, the timing, amount and applicant situation.
2
We review suitable options
We compare suitable lender pathways based on the purpose, profile and documents.
3
We explain the structure
You receive clear guidance on structure, repayments, conditions and next steps.
4
We help with application and settlement
We help manage lender requirements and support the process through to settlement.
FAQ
Common questions
General information only. The right answer depends on your circumstances and lender criteria.
Boats, watercraft, trailers, engines and selected marine assets may be considered depending on lender criteria.
Yes. Marine assets can have different valuation, age and security requirements depending on the lender.
Some business-use marine assets may be considered under commercial finance structures.
Marine refinance may be reviewed where the payout, asset and borrower profile meet lender requirements.
Ready to review your finance options?
Tell us what you are looking to fund and we’ll help you understand suitable options from our lender panel.
Finance is subject to lender approval, credit criteria, fees, charges, terms and conditions.