Boat Loan Calculator
Try our easy Boat Loan Calculator.
Our boat loan calculator will give you an idea of how much your boat loan repayments will be. You will need to estimate the loan amount, term of loan in years and annual interest rate. Our Boat Loan Calculator will calculate both a monthly and fortnightly repayment amount. Knowing your repayments allows you to budget for your new boat purchase.
Pre-approved Boat Loan
Apply for a Pre-approved boat loan now. Having a pre-approved boat loan gives you more negotiating power when shopping for your new boat. It also allows you to focus on locating the perfect boat within your budget.
What is a Balloon Payment?
Using our Boat Loan Calculator you can determine how a balloon payment will affect your boat loan repayments.
A balloon payment reduces your boat loan repayments throughout the term of the loan. A balloon payment is a lump sum payment that is paid at the end of the loan term. Not all of the principle of the loan is paid off during the loan resulting in a balloon payment a the end of the loan term. The balloon amount can either be paid off in full at the end of the loan or refinanced.
*The Comparison Rate is calculated on a Secured Loan of $30,000 fixed for a term of 5 years, effective 12/06/2015 and subject to change. WARNING: The Comparison Rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts may result in a different comparison rate.