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.
Your boat loan options
Choose the boat loan that best suits your budget and lifestyle.
Secured Boat Loan Special
Take advantage of lower interest rates when you get a secured boat loan.
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7 years maximum term for new boats -
5 years maximum term for used boats
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Boat must not be older than 12 years at the end of the loan term
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Establishment fee: $195
Unsecured Boat Loan Special
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5 years maximum term for new boats
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5 years maximum term for used boats
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Loan is not secured against your boat
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Establishment fee: $195
RACQ Bank Boat Loan details
Need more information? Check out the fees, terms, and features of our secured and unsecured boat loans.
We like to keep things above board, which is why we encourage you to learn more about boat loan terminology using our boat loan FAQs
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Fees
- Annual and monthly fees: $0
- Additional repayment fee: $0
- Establishment fee: $195
For a full list of fees and charges refer to the Loan Fee Schedule
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Limits
- Minimum loan amount: $3,000
- Maximum unsecured loan amount: $60,000
- Maximum secured loan amount: $100,000
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Repayments
- We offer flexible personal loan options, including:
- Weekly, fortnightly or monthly repayments
How to apply for your RACQ Bank Boat Loan
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Apply onlineComplete our simple online application form – it takes about ten minutes.
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We’ll call youWe’ll look over your application and call you back to request supporting documents.
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Final reviewWe’ll review everything you’ve provided and confirm if your application has been successful.
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Loan approvedCongratulations! If successful, we'll provide some paperwork for you to complete and send back, then we can provide the money to purchase your boat.
While you’re here
At RACQ Bank, boat loans are just the beginning. We’re here to help our members find the right loan on their terms.
Why choose an RACQ Bank Boat Loan
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RACQ Bank is owned by RACQ membersWe reinvest profits back into our members. -
Our staff are locals just like youWe’re run by Queenslanders for Queenslanders. -
We have a reputation for integrityRACQ has been serving members for over 117 years. -
You'll enjoy membership benefitsWe’ve got discounts to put the wind in your sails.
Snap up savings with your RACQ membership~~
Power your next adventure with reliable batteries for your boat, jet ski, 4WD, caravan, or campsite.
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
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.
Rates current as at 21 November 2023 and subject to change at any time.
Secured and Unsecured Boat Loan Special 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.
^Comparison rate calculated on an unsecured 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.