Boat loans

Set sail with an RACQ Bank Boat Loan

Boating is about living life on your terms. Whether you get excited about painting a pre-loved boat a fresh colour, driving straight from the dealership to the water, or pulling out the fishing gear for a long weekend, an RACQ Bank Boat Loan can take you there. Our members enjoy competitive interest rates, and flexible payment options. So cast off with a boat loan that gives you the freedom to sail your way.

Secured loan
7 years maximum term for new boats
5 years maximum term for used boats
No deposit or monthly account keeping fees
Unlimited additional repayments

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RACQ Bank Boat Loan details

Need more information on our secured boat loan? Check out the fees, terms, and features of our secured and unsecured boat loans.

For a full list of fees and charges refer to the Loan Fee Schedule

Fees
- Establishment fee: $195
- Annual and monthly fees: $0
- Additional repayment fee: $0
Limits
- Minimum loan amount: $3,000
- Maximum loan amount: $100,000
Repayments
- We offer flexible personal loan options, including:
- Weekly, fortnightly or monthly repayments

How to apply for your RACQ Bank Boat Loan

Fill in your online enquiry
Our streamlined loan enquiry form takes approximately 15 minutes to complete.

To enquire, please have the following details ready:
- Personal identification
- Employment history
- Living expenses and liabilities
- Assets
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We'll get in touch
We’ll review your boat loan enquiry and either call or email you (whichever is your preference) as soon as possible to complete your application. When we touch base, we’ll let you know if we need any other documents to complete the process.
We'll do a final review
We’ll review everything you’ve provided and confirm if your boat loan application has been successful.
You'll receive the funds
Once your boat loan has been approved, we’ll provide some paperwork for you to complete and send back, then we’ll make the funds available in your nominated RACQ Bank account.

While you’re here

Personal loans calculator

Personal loan

Car loans

Why choose an RACQ Bank Boat Loan

RACQ Bank is owned by RACQ members
We reinvest profits back into our members.
Our staff are locals just like you
We’re run by Queenslanders for Queenslanders.
We have a reputation for integrity
RACQ has been serving members for over 118 years.
You'll enjoy membership benefits
We’ve got discounts to put the wind in your sails.

Snap up savings with your RACQ membership^~~

Award-winning personal loans

Outstanding value Excellent credit Personal loans

Mozo Experts Choice Unsecured personal loans

Contact us

Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.

Boat loan FAQs

Help centre

Things to note

Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.

Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.

Interest rates on a per annum basis and are current as at 1 October 2024 and subject to change at any time.

RACQ Bank Boat Loan is available for new lending only.

*Comparison rate calculated on a secured loan amount of $30,000 over 5 years based on monthly repayments. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

^~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.

^#Conditions apply. Offer available at participating Caltex and Puma Energy service stations. Visit racq.com/caltex for details.