Buying your next home?
See our home loan tools, articles and resources to help you explore your home loan options. We'll help you get to a good place.
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.
Make it happen with an ANZ Personal Loan
$250 cashback + $150 Loan Approval Fee Waiverdisclaimer
Whether it’s new wheels, a home reno or a dream holiday, an ANZ Personal Loan can help make it happen.
Eligibility, ANZ’s credit assessment criteria, T&Cs, fees and charges apply.disclaimer Full offer terms at ANZ Personal Loans.
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 early repayment fees
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
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.
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.
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.
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.
New boat
Fewer concerns
You don’t need to worry about how the boat has been used, or more importantly, misused, or whether it’s been adequately waterised and commissioned. You can confidently put it in the water and go.
Latest technology
You can rest assured that your new boat will be equipped with the latest electronics, features and safety technology. New boats are often more fuel-efficient and easier to maintain too.
Lengthy warranties
Having a manufacturer’s warranty that you can rely on if something goes wrong is major plus. What’s more, because of the exceptional build quality of today’s modern vessels, many manufacturers now offer lengthy warranties.
Less legwork
Not having to get a marine surveyor or a mechanical surveyor to inspect the boat will save you time and money. You also won’t need to do a Personal Property Securities Register (PPSR) check to find out if there are any outstanding loans on the boat, or a police or maritime authority check to determine whether its stolen.
Used boat
Less depreciation
Boats can depreciate significantly in the first couple of years of ownership. By letting someone else own the boat first, you avoid these depreciation costs. Used boats are in high demand, so if you manage to get a good one and look after it, it may hold its value reasonably well.
Tried and tested
With a second-hand boat, any initial faults or problems would've hopefully been picked up during the warranty period. In saying that, 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 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.
Customer reviews
Always choose a trusted brand. However, if a reputable manufacturer has released a boat that appears to give nothing but trouble, then this should become apparent during your online search and talking to those in the industry.
Greater negotiating power
You get to choose the type of sale. Dealers who sell preowned boats have higher overheads but a reputation to maintain. Brokers have reduced costs and can source vessels far and wide. While private sellers are often the most motivated.
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.
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.
ANZ Fixed Rate Loan
Borrow $5,000 to $50,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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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)
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
ANZ Variable Rate Loan
Borrow $5,000 to $50,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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Features
- Ability to make early or extra repayments, or repay your loan early, without additional costs
- Flexibility to increase your loan (subject to credit assessment)
- Access to extra money paid (redraw)disclaimer
Things to consider
- Your interest rate and repayments may increase or decrease during the term
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
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.
Early repayment charges (fixed rate loans only)
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).
General
ANZ Fixed Rate Personal Loan
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
Applying for a personal loan
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 (PDF) 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.
This offer is available for a limited time to customers who apply for a new or increase their existing ANZ Personal Loan between 16 October 2024 and 31 January 2025. This offer may be withdrawn or changed at any time without notice. The loan must be approved, and the funds drawn down to be eligible for the offer. The cashback payment will be paid within 120 days of drawdown into the transaction account which the loan funds are disbursed into. The transaction account must be in the same name as the loan account. For joint applications, only one cashback payment will be paid in total for the application and will be paid to the first listed applicant. For joint applications, the account for funds disbursements must include the name of the first listed applicant. Applications for a joint ANZ Personal Loan or an increase of a joint ANZ Personal Loan may only be made in branch. If a customer closes their ANZ Personal Loan account or transaction account before the cashback payment is paid, they will become ineligible for the cashback payment. Applications for credit are subject to ANZ’s eligibility and credit assessment criteria. If you have any questions about the tax treatment of the cashback offer, please discuss with a tax agent or the Australian Tax Office.
ReturnApplications 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.
ReturnThe 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.
ReturnWe 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.
ReturnInterest 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.
ReturnThese 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.
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).
ReturnTerms 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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