Boat Loan Calculator

Updated 7 October 2024
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​Our Calculator Makes The Numbers Clear
If you want boat finance or a boat loan, our easy to use repayment calculator will help you work out you will pay weekly, fortnightly or monthly. Save more money by reading our boat finance and boat insurance guides.

Boat Loan Calculator

Principal & interest Interest only

Principal is the amount borrowed or still owing on a loan.

Interest is the charge you pay for borrowing money, usually expressed as an annual percentage of the principal (p.a.).

Interest only is when your payments cover only the interest owing on the loan amount outstanding. This means the outstanding loan balance (principal) will not reduce.

Boat Loan Amount

Loan Length

Interest Rate

Payments Per Year

Monthly Fortnightly Weekly

Boat Loan Payment

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Boat Loan Amount

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Total Interest

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Total Cost

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Our calculations are based on the assumption that you make the same fixed boat repayment for the entire repayment period, the interest rate does not increase or decrease, you don't miss any repayment deadlines, overpay or underpay. 

Q: How much should I borrow to buy a boat?

A: We recommend spending no more than 5 to 10% of your monthly pre-tax income on boat financing repayments. For example, if you earn $30,000 a year, that's around $250 per month. This leaves you money for essential expenses and everyday items, such as boat insurance, repairs and petrol.

Get the best boat loan and financing deal

• Our guide to boat loans and financing explains everything you need to know to make the right decision and has a list of best-buy finance deals.
• Saving money on boat insurance is easy with our boat and marine insurance guide 
• Know how to boost your credit score to get the best boat finance deal.