Question 1

Can I get a loan to buy a boat in Australia?

Accepted Answer

Yes. Boat loans are a common form of leisure finance in Australia, and many of our lender partners specifically cater to marine purchases. Secured boat loans use the vessel as collateral, which results in lower interest rates than an unsecured personal loan. Lenders typically require the vessel's registration and hull identification number, and may require a marine survey for older boats. Loan amounts typically range from $10,000 to $150,000 for recreational vessels.

Question 2

What interest rates apply to caravan and motorhome finance?

Accepted Answer

Caravan and motorhome finance rates in Australia typically range from 6.49% p.a. to 14% p.a. depending on the lender, your credit profile, and whether the asset is new or used. New caravans from registered dealers generally attract the most competitive rates. Used caravans and motorhomes qualify for finance through many of our lenders, subject to the vehicle's age and condition at the end of the loan term.

Question 3

Do I need comprehensive insurance for a financed leisure asset?

Accepted Answer

Most lenders require you to hold comprehensive insurance on a financed leisure asset throughout the loan term, as the asset serves as security for the loan. This protects both you and the lender if the asset is damaged, stolen, or written off. We recommend factoring insurance costs into your overall budget when assessing affordability.

Question 4

Can I finance a motorcycle with a leisure loan?

Accepted Answer

Yes. Motorcycles are one of the most common leisure finance requests we handle. Both new and used motorcycles qualify, including sports bikes, touring bikes, and cruisers. For business-use motorcycles, a chattel mortgage structure may be more appropriate and could provide tax advantages. Let us know how you plan to use the bike and we'll match you with the right product.

Question 5

How long does leisure finance take to approve?

Accepted Answer

For new assets purchased from a registered dealer, approvals often come through within 24-48 hours. Private sale purchases may take slightly longer due to additional checks on the asset's ownership and condition. ClariFi will guide you through the documentation requirements upfront so nothing delays your purchase.

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All Leisure Assets Covered

Competitive Secured Rates

New and Used Assets

Flexible Loan Terms

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Leisure Finance — common questions

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