Unsecured Boat Loans
Unsecured boat loans are consumer based loans where the loan is for personal use. These are unsecured boat loans, so this boat loan option is generally recommended if the buyer doesn't wish to offer the boat as security, otherwise a secured boat loan may be a better option. These facilities still fall under the consumer credit code legislation(UCCC) and all consumer credit conditions apply to this boat financing option.
Who does an unsecured boat Loan suit?
An unsecured boat loan is designed for those who wish to finance a boat for private use. The finance lender can fund the full or part purchase price of the boat. This finance option also allows the borrower to finance their boat dealer costs as well as any government charges.
Unsecured boat loan features
- Low establishment fees
- Ability to sell the boat
- Flexible contract terms from 1 to 5 years
- Fixed monthly repayments for the term of the agreement
- Fixed interest rate for the life of the loan
- Deposit or a trade-in may be used
- You can obtain pre approval before you go shopping
Which boat loan option is right for you?
Deciding on the right Boat finance option for your situation can sometimes be confusing, Commercial Hire Purchase, Chattel Mortgage, Boat Lease are just a few of the boat financing options, Platinum Direct Finance can assist with your decision making and make the process simple and easy. Use our "Which boat loan product is right for you?" today!
Why use Platinum Direct Finance?
The Platinum Direct Finance group of companies will finance over 800 million dollars worth of equipment and car finance this year! Due to this volume and buying power, we can give our clients access to the best boat finance rates and boat financing products across Australia.
Need further information?
Either complete the friendly boat finance enquiry form and one of our boat finance experts will contact you shortly or talk to an experienced finance consultant on 1300 554 553.