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Why choose an RACQ Bank Boat Loan? 

Whether you are looking for a new or used boat, buying privately or from a marine dealer, RACQ Bank can help you achieve your goals with our flexible boat loans. Get a boat loan to suit your lifestyle with our competitive interest rates, and the freedom to make as many repayments as you like so you can pay your loan off faster.

  • Simple online application
  • No early pay-out fee
  • Flexible payment options

Secured boat loan interest rates and fees

Whether you’re in the market for a new or used boat, make every dollar count with an RACQ Bank secured boat loan.

Boat Loan Special

Find the right boat for you and lock in a competitive interest rate for the life of your loan.

5.89 % p.a Fixed Rate
6.44 % p.a Comparison Rate

Fees and figures

Let’s work out the numbers. Let’s work out the numbers. Know exactly what you can borrow, what you’ll pay and how soon you can pay it off.

Establishment fee $395
Minimum term 0 years
Maximum term 7 years for a New Boat Loan
5 years for a Used Boat Loan (boat must not be older than 12 years at the end of the loan term)
Payment options Weekly, fortnightly or monthly repayments available
Minimum loan amount $3,000
Maximum loan amount $60,000
Additional repayments Unlimited additional repayments with no penalty or fees.

Fees and charges associated with registering RACQ Bank's security interest in the boat also apply.

Unsecured boat loan interest rates and fees

At RACQ Bank we’ll give you more control of your money. With our unsecured boat loans, you’ll have the freedom to make as many repayments as you like so you can get back in the green. When it comes to getting more from your boat loan, trust RACQ Bank to help you reach your goals.

9.54 % p.a Variable Rate
9.83 % p.a Comparison Rate

Fees and figures

Let’s work out the numbers. Let’s work out the numbers. Know exactly what you can borrow, what you’ll pay and how soon you can pay it off.

Establishment fee $200
Minimum term None
Maximum term 5 years
Minimum loan amount $3,000
Maximum loan amount $60,000
Additional repayments Unlimited additional repayments with no penalty or fees.
Repayment options Weekly, fortnightly or monthly repayments available

How to apply for a boat loan

You can apply for an RACQ Bank Boat Loan online, anytime. It’s super easy, just fill in our application form. It takes approximately 10 minutes to complete and submit our form and once we receive it, we’ll kick-start the process for you.

1. Complete our online application form.

2. We’ll review your application and call you back within 1 business day. When we touch-base we’ll let you know what supporting documents we need.

3. We’ll review everything you’ve provided and confirm if your application has been successful.

4. If successful, we’ll provide some paperwork for you to complete and send back, then we’ll move the money into your bank account.

Apply now