Boat Loan Repayment Calculator
Effortlessly turn prices into payments with our boat finance calculator. Get quick and accurate boat loan estimates today!
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.
Versatile Boat Finance Calculator - Compare Rates & Repayments for Commercial Financing & Personal Loans
Our device is simple to use but includes advanced features and functionality to allow both recreational boaters and commercial marine industry operators to calculate their repayment estimates and compare interest rates. Compare and calculate for Secured Boat Loans, Unsecured Personal Loans, Marine Leasing, Chattel Mortgage, Rent-to-Own, and Hire Purchase, all by entering the respective interest rates.
Use our current best rates as a guide, enter the total required for the loan which may be the price of the vessel, and the term you would like to repay the loan. Your estimated repayment instantly appears – start getting your estimates now!
Use the device to compare repayment estimates with our highly competitive marine loan interest rates with others. Clearly see how the best interest rates that we secure from our vast 80+ lender base can deliver affordable repayments on all types of watercraft loans. We use our experience, expertise and connections in the lending market to secure the best rates from the most suitable lender for each customer. Ensuring the most affordable outcome is obtained. For your best rate and most affordable loan repayment, connect with Easy!
- Calculate Personal Secured Boat Loans, Unsecured Personal Loans.
- All Commercial Marine Finance Facilities – Lease, CHP, Chattel Mortgage, Rent-to-Own.
- Compare our competitive marine loan interest rates for affordable repayments.
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When preparing to buy a watercraft with credit, get quick answers to financing questions using our online loan calculation device. Dispel doubts about affordability by quickly estimating repayments based on the price of the vessel. With Easy’s highly competitive rates, that top of the range model may be more affordable than you think.
Easy Boat Finance provides this easy-to-use, free-to-use, online buying tool to empower marine craft buyers to make fast, more well-informed decisions. Calculate estimated repayments on all makes and models being considered. Compare interest rates, prepare preferences for loan terms, make decisions on down payments, and streamline your buying experience.
This device can be used for all types of vessels – power and sail, for commercial and recreational use. Start generating estimates and expedite your boat buying process.
Assist Purchase & Loan Decisions with Multi-Use Boat Finance Calculator
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.
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.
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.
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.
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.
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.
Prepare, Compare, Plan and Decide with the Help of Our Boat Finance Calculator
- Simple to use financing estimator – no specialist skills needed.
- Compare vessels and watercraft based on monthly payment estimates.
- Set personal preferences for terms and totals before requesting a quote.
- Select the watercraft to suit the personal budget.
- Calculate recreational and commercial marine loan estimates.
How to Use a Boat Finance Calculator – Step by Step Simplicity
If you can type figures into a designated space on a website, then you can use an online financing calculation device. It’s that simple. To get started you will need a figure for your required loan which may be the purchase price of the vessel, and you’ll need an interest rate for your choice of credit product. For buyers of new vessels for recreational use and good quality second-hand models, the most suitable loan product will be the Secured Boat Loan. Commercial operators can select the commercial credit facilities that best suits their business set-up. For the purposes of obtaining estimates on the device as a guide, use our current advertised interest rates.
The loan total is entered first. If making a downpayment, allow for that by deducting it from the purchase price. If applying for no deposit financing, enter the purchase price. If requiring financing for a boating package deal – vessel, motor and trailer, loans may be obtained to cover all items. If adding extras to your order with the dealer – life jackets, bait box, additional electronics, sales, those costs may be included in the loan also.
Then enter the interest rate for the chosen credit facility.
The term field is the number of years or months to repay the loan. Terms from 1 year to 7 years may be approved. For the first calculation, enter whatever term you like.
Commercial operators also have the option of entering a balloon amount if desired with Chattel Mortgage and Hire Purchase. If choosing this option, do not subtract the dollar value of the balloon from the loan total entered. The device handles that computation.
When all required fields are filled, the monthly payment based on those figures is displayed. To compare repayments with a different rate, over a different term or with a different loan amount, simply change that value and note the result. The estimates can be invaluable for planning purposes. For specific figures based on your profile, request a quote from Easy – also easily done online or over the phone.
- Enter amounts for your loan for fast estimates.
- Change all values to calculate variations to compare.
- Simple operation, free use, no obligation.
Follow-up Boat Finance Calculator Estimates with Quick Quote Request & Fast Loan Approval
Follow-up on using our calculation device by requesting a quote specific to your vessel, your credit profile, and your application details. Our Easy Boat Finance experts will source the lender that is the best match to your profile, with approval criteria in line with your credit score and financials. Obtaining the best interest rates and most affordable loan.
Applying for a loan with Easy is – easy! Upload your details and your vessel details and one of our experts will individually handle your requirements. We provide a personal approach to ensure every loan is customised to suit the borrower and the boat. Ensuring a streamlined process and smooth sailing to the vessel purchase and settlement.
Many applications are approved in 24 hours to ensure our customers don’t miss a great deal or get delayed setting sail. Estimate, request and apply with Easy Boat Finance for the most competitive marine loans.
The most frequently asked of the questions
Will I need separate loans if buying a trailer and a boat?
When purchasing a vessel and a trailer concurrently, from the same dealer at the same time, and the cost of both items appear on the same invoice, most lenders will approve a single loan for the entire package. Where vessel and trailer are separate purchases, made at different times, separate loans will usually be required.
What is the correct interest rate to use with a boat finance calculator?
When calculating estimates with an online device to use as a guide, users can enter any interest rate they source from across the lending market. Typically, users will input the interest rate being displayed by the lender providing the calculation device. Different rates apply to different credit facilities. Ensure the rate corresponding to the selected loan product is used for estimating.
What is the difference between a calculator repayment estimate and a loan repayment quote?
Online calculators are generic devices and do not allow for lender fees and charges or for the differences in credit scores of users which may impact any offer. The results obtained are accurate computations based on the figures entered but only estimates in terms of any loan offer. A quote is obtained by lenders for customers based on their specific requirements and credit score and are usually an actual loan offer.
Can a marine loan calculating device be used to get estimates on finance for RIBs?
Yes. Marine loan calculators can be used to obtain estimates on financing all types of watercraft including rigid inflatables.
I’m considering a luxury cruiser, is there a maximum loan amount which an online calculator can handle?
No. Online estimating devices are generic, and compute results based purely on the data entered. Users can enter any loan value they choose. Approval of a loan amount is subject to lender assessment of the application and the borrowing power of the applicant.
Can loans for used vessels be calculated using an online device?
Online loan calculation tools can be used to calculate estimates for all types of vessels including second-hand models. Buyers of used vessels should be mindful that interest rate offers and loan amounts approved can be different from those approved and offered on new models. Use calculator results as a guide only.
Is marine insurance included in the repayment estimates?
No. Insurance is required to be taken out on all craft purchased with credit. Purchasing an insurance policy is done by the buyer and is separate from the financing process.
What is a boat finance calculator?
A marine loan calculation device is an online function provided by lenders and brokers to allow buyers to calculate estimates on loans. Users enter the figures applying to their purchase and chosen credit facility to obtain estimates of repayments based on those figures.
Can I include sails and rigging when estimating a yacht loan?
Where sails and rigging are being purchased from the same seller as the yacht and the all-up pricing appears on the invoice, it can be possible to have the complete purchase financed with one loan. Speaking with a lender or broker can clarify individual circumstances.
When I use an online calculator, am I required to get my loan from the lender that provides the device?
No. No obligation is attached to using online calculation devices.