Set Sail with Flexible Boat Loans
Don't miss the boat! With a Boat Loan from AFS, you’ll be cruising in no time.
You've made your choice and fallen for it hook, line, and sinker. Now you need to tie up those loose ends. That's where we come in.
AFS can get you out on the water with a new or pre-loved boat or pleasure craft. AFS offers competitive rates on yachts, speedboats, cruisers, commercial vessels, runabouts, and dinghies. Our specialist team can quickly structure a boat loan for approval so you can get out and enjoy the water1.
1. All loans are subject to verification, suitability and affordability.

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Simplified Explanation of Features, Costs, and Variables
Get the Boat You Want With Experts You Can Trust

At any point in your journey, count on us to help.
Example Boat Loans Cost Chart
Borrow | Costs | Repay |
---|---|---|
$5,000 | $1,483 | $6,483 |
24 months at 10.29% APR & 26.29% Comparison Rate | ||
$10,000 | $2,803 | $12,803 |
36 months at 10.29% APR & 16.82% Comparison Rate | ||
$25,000 | $8,643 | $33,643 |
60 months at 10.29% APR & 12.36% Comparison Rate | ||
$50,000 | $19,915 | $69,915 |
72 months at 10.79% APR & 11.75% Comparison Rate | ||
$75,000 | $28,982 | $103,982 |
72 months at 10.79% APR & 11.43% Comparison Rate | ||
$130,000 | $57,766 | $187,766 |
84 months at 10.79% APR & 11.14% Comparison Rate |
EXAMPLE: A secured car loan of $50,000 for 72 months has fees and charges totalling $15,720 and a total repayment of $65,720. The Minimum loan term is 24 months and the Maximum term 72 months. The loan term will be 72 months, 144 fortnights or 312 weeks. The Maximum APR is 8.49%. The Comparison Rate, based on a loan of $75,000 over six years, is 9.46%.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Please Note: Advertised costs and repayments have been rounded up to the nearest dollar amount, so costs may be slightly cheaper in most cases. Australian Credit Licence 383 762.
Frequently Asked Questions (FAQs)
AFS offers financing for a wide range of boats, including motorboats, sailboats, yachts and personal watercraft. Whether you're purchasing a new or used boat, we can help.
Once you've submitted your loan application, approval is conditional pending credit checks and verification of the information you have supplied. Approval is usually obtained within 48 hours, subject to satisfactory credit checks and verification of financial information. Your Loan Account Manager can provide more information about documenting your loan and the settlement process.
The amount you can borrow depends on the value of the boat and your financial profile. AFS provides flexible loan amounts tailored to your needs, with competitive interest rates.
Yes, AFS offers pre-approval for boat loans. Getting pre-approved allows you to shop for your boat with confidence, knowing exactly how much you can afford.
AFS offers flexible loan terms ranging from 2 to 7 years*, with various repayment options. You can choose a repayment schedule that best fits your financial situation.
While a deposit is not always required, having one can improve your loan terms. AFS will work with you to find the best loan structure, whether or not you have a deposit.
To ensure applying online is straight forward, we suggest you gather a few key documents so that you have the information at your fingertips.
Here is a checklist outlining all necessary information you should have at hand before applying.
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Your full name
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Your date of birth
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Your current driver's licence number and expiry date
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If you do not have a current driver's licence, then details of your passport including number, place of issue and expiry date.
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Your residential details, such as:
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Your current address
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If you have not been living at your current address for at least 3 years, the details of your previous address
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If you have a mortgage, or have recently applied for a mortgage, the details of the monthly payments
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If you are renting or boarding, the details of your landlord/real estate agent including Name and Telephone Number.
Things you should know
1 All loans are subject to affordability, suitability and verification.
* Interest rate (Annual Percentage Rate/APR) is only applicable for new goods that have not been pre-owned, where the amount borrowed is between $35,000 and $130,000 and where the applicant owns or is buying a property and has an established good credit history. Finance subject to approval, including the application lending criteria. Terms and Conditions apply. Fees and Charges are payable. Interest rates vary depending on the applicant's credit score and associated credit risks. Credit provider is Automotive Financial Services Pty Ltd - Australian Credit Licence 383 762.
^ Comparison rate for AFS Loan Contract and Mortgage is calculated on a loan amount of $30,000 secured over a term of 5 years based on monthly repayments. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
** Seven year loan terms by request only.
- If you use a licenced finance broker to assist you in applying for credit, there may be other fees and charges payable, such as a finance broker fee or Origination Fee. AFS enables you to finance an Origination Fee as part of the amount of credit up to a maximum value of $990 including GST. An Origination Fee represents the finance broker's fee to provide credit assistance to you. It is a one off fee that is only payable if you proceed with the suggested credit contract. Under the National Credit Code, a Finance Broker is required to give you their Credit Guide, a Credit Quote and, at the same time as providing assistance to you, give you a Credit Proposal Disclosure document which will details all the fees and charges payable and if any commission will be received by the finance broker.
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