Joint Personal Loans

With NOW Finance, you can borrow between $5,000 and $150,000 for a boat loan. The amount you’re approved for depends on factors such as your income, credit history, and the type of boat you’re purchasing. We provide flexible loan options for both new and used boats, with repayment plans tailored to your budget and financial goals.

You can finance a wide range of boats with a NOW Finance Boat Loan, including sailing boats, speedboats, fishing boats, yachts, and more. Whether you’re buying new or used, from a dealer or private seller, we offer flexible loans that can be tailored to your budget and goals.

NOW Finance offers flexible loan terms ranging from 18 months (1.5 years) to 7 years (84 months). You can choose a term that suits your budget and goals. There are no fees for extra repayments or early payout, so you can pay off your loan faster and save on interest if you choose. You can use the NOW Finance Repayment Calculator to explore different term lengths and find the best option for your budget and goals.

Yes, you may be able to refinance an existing boat loan to a new NOW Finance loan to better suit your current financial situation. Refinancing involves replacing your existing boat loan with a new one, which could offer lower interest rates, different repayment terms, or the option to access additional funds. You might consider refinancing if your credit score has improved, your income has increased, or market interest rates have dropped. Please note that refinancing involves a new credit assessment and credit check, and eligibility depends on your existing loan balance and our lending criteria. Make sure to review your personal circumstances and the loan terms to ensure refinancing is suitable for you.

With NOW Finance, you typically don’t need a deposit to get a boat loan. You can borrow the full amount needed to purchase your new or used boat, depending on your income, credit history, and overall financial situation. However, making a deposit can reduce the total amount borrowed, lower your repayments, and help you pay off the loan sooner.

Yes. Unless you are choosing our unsecured Personal Loan option, your loan is secured by the boat you are purchasing, we require it to be comprehensively insured for the duration of your loan. Having comprehensive insurance on your boat helps protect you and reduce financial risk if it’s damaged, stolen, or written off. At NOW Finance, insurance isn’t included in the loan, so you’ll need to arrange it separately through your preferred insurer.

Yes, you can get a car loan for a second-hand or used boat. Loan terms may vary depending on the boat’s age, condition, and value, as we’ll assess these factors when determining eligibility. A used boat loan works the same way as a new boat loan, you borrow a set amount with a fixed interest rate and make regular repayments until the loan is fully repaid.

A boat loan from NOW Finance is designed to help you purchase a new or used boat without paying the full cost upfront. You borrow a set amount and repay it through fixed monthly instalments over a chosen term, which includes the interest rate and any applicable fees. With a boat loan, you could get your boat sooner while spreading the cost over time. NOW Finance offers boat loan amounts from $5,000 to $150,000, flexible repayment terms and no ongoing fees, making it easier to find an option that suits your budget.

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