Boat loans

Name: Harmoney Australia
Address: Level 36, Governor Philip Tower, 1 Farrer Place, Sydney, NSW, 2000, Australia
Telephone: 1300 042 766
Price range: $2,000 to $70,000 loans

Start floating your boat.

Fixed personalised rates from 5.76%¹
(comparison rate )²

Set sail with a hassle-free online boat loan

Personalised finance for your first boat, your dream boat, or need a boat repair loan.

IN CONTROL

Borrow what you need for a new or used sailboat, speedboat, jet ski or other boat, or use a boat repair loan to fix up your own.

ONLINE BOAT LOANS - 24/7

You could be fishing, waterskiiing or just cruising at sea within a couple of days without the need for awkward face-to-face meetings.

UNSECURED LOANS

Our loans are unsecured so there's no need to put your new boat, or any other asset, on the line to get the money.

What our customers say

5.0 2024-04-16 Amar Very smooth loan application and processing experience. australia

5.0 2024-04-05 Rob Quick and easy thanks Harmoney australia

5.0 2024-04-03 Justin Thank you so much Harmoney
Very happy with the service and the quick no fuss application process
Love you’s
Kindest regards
Justin Ropiha australia

5.0 2024-04-02 Ian Found Harmoney easy to use and they offered fair rates australia

5.0 2024-03-27 Cheryl Thank you so much Harmoney. I had a few hiccups with the application process but got there. australia

5.0 2024-03-26 Steve The best!! This I'd my third time using them and they've never let me down. I've paid back each loan :) australia

5.0 2024-03-26 Melinda Harmoney is always awesome. Their process is so easy and the phone staff are very helpful. I have used them before and I keep coming back. australia

5.0 2024-03-23 Elizabeth Very easy to establish loan australia

5.0 2024-03-23 Peter Friendly application method and support to know your capacity for how much you can borrow.
Good customer service too. Harmoney is recommended. australia

5.0 2024-03-20 Christo The process is so easy and quickly. I have a great shopping experience with Harmony australia

5.0 2024-03-20 James Very happy with the team at Harmoney, they are very helpful. australia

5.0 2024-03-18 Kylie-Anne I have dealt with Harmony before and each time it has been a seamless process and lots of knowledge provided australia

5.0 2024-03-17 Leisha Stress free personal loan - highly recommend australia

5.0 2024-03-07 Jeffrey I love Harmoney. You have helped me at every stage of my life. Thank you australia

5.0 2024-03-02 IKENNA Easy process with loan application with Harmoney australia

4.8/5

4.7 overall rating

4.8 overall rating

Simple, 100% online

1. Get to know you

First, tell us how much you want to borrow and confirm identity and finance documents we need.

2. Get your offer

We’ll send you a boat loan offer for you to approve that includes everything you need to know.

Step 3. Get your money

Accept your loan offer, send us a few final details, then you should get your money within 24 hours.

What we offer

$2K - $70K

Loan limits

3, 5 or 7 years

Loan terms

$275 or $575

Establishment fee

$0

Early repayment fee

You can get a 3, 5 or 7 year loan term¹
Secured fixed rates from 5.66%* to 20.07% (comparison rate 6.45%)
Unsecured fixed rates from 5.76%² to 24.03% (comparison rate 6.55%³)
Your rate is fixed for the life of the loan
Establishment fee of $275 for loans under $5,000 ⁴
Establishment fee of $575 for loans $5,000and over ⁴
No monthly account keeping or early repayment fees
You can repay weekly, fortnightly or monthly

Find out more about our rates and fees

*If you take out a secured loan and don’t meet the security conditions within 60 days of the loan advance, the loan will revert to unsecured and the interest rate will change to a higher unsecured interest rate.

Common boat loan questions

Quick boat loan estimate

Try our quick estimate loan calculator to see what interest rate and repayments to expect for a boat loan.

Personal loan calculator

Speeding you out of the dock

Spend less time sorting out finance and more time choosing the perfect boat.

100% ONLINE - 24/7

Apply online through our website with no need for meetings.

NO EARLY REPAYMENT PENALTIES

If you decide to pay off your loan ahead of time, we won’t charge a penalty.

PERSONAL RATE

The interest rate you pay is automatically calculated based on your credit profile.

About boat loans

A boat loan is a type of personal loan that can be used to fund any type of boat purchase and other expenses such as storage, equipment and accessories, up to your loan limit. With a number of boat loans on the market, it’s important to know the differences so you can choose the best loan for your needs.

Unsecured boat loan

There are two common types of loan: secured or unsecured. With an unsecured boat loan, you’re not required to put up security for the loan.

All boat loans offered by Harmoney are unsecured.

Secured boat loan

With a secured boat loan, the boat itself (or another asset) is used as security for the loan. That means that if you fail to keep up with your repayments, the boat can be repossessed by the loan provider and sold to recover the cost. Harmoney does not offer this type of loan.

Dealer finance

Like car dealers, major boat sellers offer their own finance plans that can have attractive low-interest periods or other perks that make them attractive to buyers. The downsides are that you normally have to pay a deposit up front, the loan is usually secured by the boat itself, and you could pay more overall than with a third-party loan, especially if you have bad credit.

Fixed and variable loans

One of the most important points of loans to compare is whether they have a fixed or variable interest rate. A fixed rate will always stay the same, giving you more certainty and making it easier to budget. A variable rate is likely to rise or fall depending on the economy, making it more of a gamble.

All Harmoney loans have fixed rates, so you can see exactly how much you’ll have to pay for the entire term of the loan. Read more about our rates and fees.