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Personal loans for a boat or jet ski

Looking for a boat loan to buy a new or used boat? Or jet ski? We explain how to do this with an ANZ Personal Loan. We also give you some useful tips on what to look out for when buying a boat so that you don’t end up high and dry.

Compare ANZ Personal Loans

 

limited time offer

Our approval fee got voted off the island. Save $150 on an ANZ Personal Loan

Apply for an ANZ Personal Loan and if approved we’ll waive our $150 loan approval fee.disclaimer

Tell me more

Excludes joint applications. Eligibility, ANZ’s credit assessment criteria, T&Cs, fees and charges apply.disclaimer

Why choose an ANZ Personal Loan for a boat or jet ski

 

Borrow up to $50,000

Borrow a specific amount between $5,000 and $50,000 (subject to approval).

Greater flexibility

Choose a loan term from 1 to 7 years, with weekly, fortnightly, or monthly repayment options.

Personalised rates

Get a personalised interest rate with an ANZ Fixed Rate Loan or an ANZ Variable Rate Loan based on your credit history.

No assets needed

ANZ Personal Loans are unsecured, which means you don’t have to provide an asset, such as your car, as security.

Same-day cash

Get same-day cash when you apply and are approved in-branch by midday, Monday to Friday.disclaimer Deposited into your existing ANZ everyday account.

   

No fees plus redraw

No penalties for making extra repayments or paying off your loan early with an ANZ Variable Rate Loan. Plus, redraw available if you’re ahead on payments.

   

Repayment certainty

Know what your repayments will be and protect yourself from interest rate movements for the life of the loan with an ANZ Fixed Rate Loan.

   

Online convenience

Track your balance and make repayments 24/7 with ANZ Internet Banking or via the ANZ App.disclaimer

   

How to get a personal loan with us

Estimate your personalised interest rate

We tailor our interest rates based on our assessment of your credit score. With a better credit score, you could enjoy one of our lower interest rates.disclaimer This tool will also help you estimate your repayments if you finance your boat or jet ski using an ANZ Personal Loan.

Estimate your repayments

Calculate how much you could borrow

Get an indication of how much you may be able to borrow based on your income and expenses. Please note this is an estimate only and your full borrowing amount will only be made available in your Letter of Offer.

Estimate your borrowing power

Choose a personal loan that works for you

If you want your loan repayments to stay the same – even if interest rates change – then an ANZ Fixed Rate Loan could be for you.

If you’re looking for flexibility – such as paying off your loan sooner with no exit fees – then an ANZ Variable Rate Loan could be for you.

Compare ANZ Personal Loans

Check your eligibility

To be eligible for an ANZ Personal Loan you must:

  • be at least 18 years old;
  • earn a minimum of $15,000 per annum; and
  • be an Australian citizen, permanent resident, or have a valid visa.

Read up on the eligibility criteria and documentation we’ll need for each type of loan.

Factor in ongoing costs

Whether you’re in the market for a new or used boat, there are some ongoing costs you may wish to budget for before buying:

  • boat insurance
  • registration
  • boating licenses
  • taxes
  • storage costs or marina fees
  • equipment and accessories
  • fuel and maintenance

Apply for a personal loan

Here's what you need to apply:

  • details of your income, expenses, assets and liabilities
  • your driver's licence, ANZ Account Number or Customer Registration Number (if you have them)

If you're new to ANZ, you’ll need any two of your Australian driver's licence, Medicare card, Australian passport, or Australian visa.

Apply now

 

 

Buying a new versus used boat

A shiny new boat is obviously desirable, but your budget is usually the determining factor here. Here are some of the benefits of buying new versus used.

Hot tip! Don’t forget to insure your boat

Always remember to organise your boat registration and insurance before hitting the water. And where possible, make sure you get a receipt for your deposit, as well as for the full purchase price of the boat.

Things to consider when buying a boat

Understand your needs

You need to ask yourself what you want to use the boat for and buy accordingly. Do you want to go day-boating or take it fishing? Then a model with a centre console might be right for you. If you’re looking to stay on the water for extended periods or overnight, then you’ll need something built for comfort. Or perhaps you want a model more suited for water sports, such as water-skiing or wakeboarding.

Boating equipment

You’ll need to make sure your boat is fully equipped before taking it out. Think electronics, water toys, accessories, and safety equipment. It’s hard to put a figure on these things, so take note of what you’ll need and how much it’ll cost when doing your research.

Marina or storage costs

Wet storage at a marina gives you easy access to your boat all year round but tends to be more expensive than dry storage. Dry storage, meanwhile, keeps it out of the ocean’s harsh conditions when not in use, but you’ll need to call ahead and organise for it to be put in the water before you use it. Storage fees are calculated by the length of your boat and the location of the marina or storage facility.

Consider the costs

Boat ownership doesn’t come cheaply. Aside from the cost of the boat, there’s insurance, registration, licenses, taxes, marina fees or storage costs, equipment and accessories, fuel, and maintenance. Boating can be an expensive hobby but a lot of fun.

Street parking

Some councils allow boat owners to park boat trailers on suburban streets indefinitely, while others don’t. If you’re thinking of parking your boat on the street outside your house, find out what the rules are first. You may also want to invest in some security measures.

Take it for a test ride

Different boat designs handle choppy water conditions differently. You want to make sure you feel comfortable on your boat, particularly during poorer weather, and the only way to do this is take it for a test ride during realistic weather conditions.

Get it checked over

If you’re buying a second-hand boat, you should consider getting a marine surveyor to inspect the boat’s hull and electrical components; and an engine surveyor to perform tests to establish the engine’s condition. A Personal Property Securities Register (PPSR) check will establish if there are any outstanding loans on the boat. While a maritime authority or police check in your State or Territory can provide information regarding the boat’s stolen status.

Personal loan calculators for boats and jet skis

The borrowing calculator and repayments calculator provide estimates only and are based on the accuracy of the information provided. They do not constitute any quote, loan approval, agreement, offer or acceptance of credit by ANZ or advice.

   

Choose a personal loan that works for you

 

ANZ Fixed Rate Loan

I need stability
 

Features

Certainty your repayments won’t change even if rates increase as you’ve locked in a fixed interest rate

 

Things to consider

  • Early repayment charges may apply if you make early or extra repayments, repay your loan early or increase your loan amountdisclaimer
  • No access to extra money paid (redraw)

 

Early repayment charges

You may incur an Early Repayment Cost, which may be significant, if you make early or additional payments. See Early Repayment Costs (PDF) and Consumer Lending Terms and Conditions booklet (PDF).

limited time offer

Apply for an ANZ Personal Loan and if approved we'll waive our $150 loan approval fee.disclaimer

Excludes joint applications. Eligibility, ANZ’s credit assessment criteria, T&Cs, fees and charges apply.disclaimer

rates and fees

ANZ Fixed Rate Loan

Interest rate range from  to disclaimer

(Comparison rate range  to )disclaimer


Apply now

 

   

ANZ Variable Rate Loan

I prefer flexibility
 

Features

Ability to make early or extra repayments, or repay your loan early, without additional costs

Flexibility to increase your loan amount (subject to credit assessment)

Access to extra money paid (redraw)disclaimer

 

Things to consider

  • Your repayments may change as your interest rate may increase or decrease during the term

 

Early repayment charges

Not applicable.

limited time offer

Apply for an ANZ Personal Loan and if approved we'll waive our $150 loan approval fee.disclaimer

Excludes joint applications. Eligibility, ANZ’s credit assessment criteria, T&Cs, fees and charges apply.disclaimer

rates and fees

ANZ Variable Rate Loan

Interest rate range from  to disclaimer

(Comparison rate range  to )disclaimer


Apply now

   

Fees explained

Loan approval fee

$150  

Loan administration charge

$10 per month, debited every three months until the loan is closed in ANZ systems.

Late payment fee

$20 will be charged if your repayment is 5 days late or more. A further $20 will be charged monthly until repayments are up to date.

   

Your questions answered

General

ANZ Fixed Rate Personal Loans and ANZ Variable Rate Personal Loans are unsecured. This means you do not have to use an asset like your car or home as security to get a loan.

  

If you have an ANZ Variable Rate Personal Loan, you can pay off your loan early by making early or extra repayments without additional costs. This could help you to save on the interest you pay over the life of the loan. 

With an ANZ Fixed Rate Personal Loan, early repayment fees and charges, which may be significant, may apply if you make early or additional repayments or repay your loan early. Refer to Early Repayment Charges (PDF) and  ANZ Consumer Lending Terms and Conditions booklet (PDF).

  

ANZ Fixed Rate Personal Loan

An ANZ Fixed Rate Personal Loan gives you the certainty of fixed repayments for the term of your loan. This means if interest rates increase your repayments stay the same.

However, if you're looking to pay off your loan early, make extra repayments or increase your loan amount, early repayment fees and charges may apply. See Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF) for further information. You also do not have access to any early repayments made to the loan.

ANZ Variable Rate Personal Loan

With an ANZ Variable Rate Personal Loan, your interest rate may increase or decrease during the loan term, and so may your repayments. You can make early or extra repayments to pay off the loan faster (and save on interest charges), and redraw any extra money you’ve paid on your loan, without additional costs.

  

ANZ Fixed Rate Personal Loan

rates and fees

Loan Approval Fee

$150

Loan Administration Charge

$10 per month, debited every three months until the loan is closed in ANZ systems.

Early repayment charges

Early Repayment Costs may apply if you make early or additional repayments, see Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF) for further information.

Late Repayment Fee

$20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date

 

ANZ Variable Rate Personal Loan

rates and fees

Loan Approval Fee

$150

Loan Administration Charge

$10 per month, debited every three months until the loan is closed in ANZ systems.

Early repayment charges

Not applicable.

Late Repayment Fee

$20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date

Applying for a personal loan

Yes, you can apply but your application for an ANZ Personal Loan will be subject to ANZ’s credit assessment criteria.

Your liabilities and other financial commitments, such as an existing personal loan with another lender, will be taken into account when we assess your application for an ANZ Personal Loan.

  

You'll need to provide information on:

  • your income amount and frequency
  • your assets
  • what existing financial commitments you have with ANZ and other financial institutions, such as personal loans, home loans or credit cards
  • your expenses, such as how much you spend on gas, electricity, insurances, food, transport and lifestyle expenses

We ask for this information so that we can verify your financial circumstances and assess your ability to repay an ANZ Personal Loan without substantial hardship. You can explore which ANZ Personal Loan may suit your needs by using our tools and calculators. 

  

If you’re not a permanent Australian resident, you may still be eligible to apply for an ANZ personal loan. You will be required to meet specific visa and income verification requirements. Valid visas include a range of working visas and business visas.  

Working visas

Includes all temporary visa subclasses that allow an individual to work in Australia. This typically includes holders of skilled category visas but can also include some family category visas.

Working holiday visas are not acceptable.

Business visas

Includes all temporary/provisional business visa subclasses that allow business people to establish or manage a new or existing business or invest in Australia. This generally includes holders of business owner, senior executive or investor category visas.

For more details please visit an ANZ branch or call 1800 339 410 to discuss your application. You can also find out what a particular visa entitles the holder to by visiting Department of Home Affairs website.

  

You don’t have to pay stamp duty on any of our personal loans.

But if you’re buying a car, you may need to pay stamp duty to the state or territory government to register it and to transfer its registration. The amount of stamp duty varies between states and territories, and also depending on the type of vehicle.

Remember that this money doesn’t go to us, but to the relevant state or territory government.

  

Any information provided is general in nature and does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you. ANZ recommends you read the applicable Terms and Conditions booklets and the ANZ Financial Services Guide before deciding whether to acquire, or continue to hold, a particular product.

All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.

Fee waiver offer is available to customers who apply for a new or increase their existing ANZ Personal Loan between February 14 2024 and May 14 2024. This offer may be withdrawn or changed at any time without notice. The loan must be approved, and the funds drawn down within 90 days of approval to be eligible for the fee waiver offer. Excludes joint applications. Applications for credit are subject to ANZ’s credit assessment criteria.

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Applications must be submitted at an ANZ branch, and approved before noon Monday to Friday (AEST), and customers must have approved funds deposited into an existing ANZ everyday account. For a full list of eligible ANZ everyday accounts, please contact us on 1800 801 485 between 8am to 6pm (AEST) weekdays.

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The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS (PDF) and here for Android (PDF) and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

ANZ App for Android is only available on Google Play™. ANZ App for iPhone is only available from the App Store.

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We tailor your interest rate based on our assessment of your credit score. Where you have demonstrated good credit based behaviour, such as not opening too many credit products or making repayments on time for your other credit products, this will be reflected in your credit score and you may be offered a rate in the lower end of our range. Where your credit history isn’t as long, or as good, or you have made many applications in a short period of time, this may negatively impact your credit score and you may be offered a rate at the higher end of the range.

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Fixed rate personal loans aren’t for everyone and early repayment fees and charges, which may be significant, may apply if you make early or additional repayments or repay your loan early. Refer to Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF).

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Interest rates as at  and are subject to change. These interest rates may be withdrawn or changed at any time without notice and may not be available in conjunction with any other offers, packages, or promotions.

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These comparison rates are based on a $30,000 Personal Loan for a five year term. The rates are applicable for unsecured loans only. 

WARNING:
 These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.

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Terms and Conditions and eligibility criteria apply to ANZ Redraw. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).

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