The finance provider purchase's the boat and hires the boat to the customer over a agreed period of time for a fixed monthly repayment.

A Chattel Mortgage occurs where a finance lender provides a loan or finance facility for the purchase of a boat that is predominantly for business use.

The finance provider will purchase the boat on your behalf and rent or lease it back to you.

This type of boat loan can take the form of a commercial hire purchase, chattel mortgage or a boat lease.

Are you looking for a loan to refit your boat? Platinum Direct Finance can give you access to the best boat loan providers in Australia.

Are you seeking a loan to repower your boat? Talk to an experienced Platinum Direct Finance consultant today.