Boat Finance Calculator
Great selection of lenders and many Loan Products at our disposal! Jade Boat Loans has at its disposal many lenders with loads of loan products that we can source. This gives you some of the best range of lending options in the market. We operate nationwide with and lucky to have so many experienced loan consultants over many different finance products.
Calculate Boat Loan Repayments & Schedule
Stop dreaming about that new water craft, jetski, dinghy or charter vessel and take action on making it happen! Use our online calculator to get an estimate on repayments for the vessel of your dreams.
The repayment calculator is a great initiative, which we have installed to meet the needs of our customers and allow you to get a ballpark estimate on a loan at any time, from anywhere you are connected.
From your computer, laptop, tablet or mobile you can quickly and easily calculate the repayments and other details of a loan on a range of marine craft.
Using the calculator is private and confidential, no need for long, time-consuming phone calls with the bank, avoiding those intrusive personal questions just to get a rough idea of what you might be up for by taking out a loan for a water craft.
Using our boat finance and boat loan calculator is convenient but please remember: It is designed as a tool to provide an estimated loan repayment based on general information. The figure you receive does not in any way, imply a boat loan offer, a definite quote or an approval for your boat loan. Some banks and lenders may apply fees and charges to your specific watercraft and the loan amount you enter does not allow for such charges. To ensure all your costs are covered, add extra to the loan amount to cover insurance, warranties, dealer delivery expenses etc.
The calculator is set-up to provide a rough estimate of credit amounts over set repayment periods. Your actual repayments may be lower or higher than this estimate.
Interest-only finance are not to be estimated with this calculator. It is designed for standard boat loans and lease finance where the formulae includes monthly repayments of the loan and interest.
The calculations are made by formulating the interest over the same monthly schedule for the term selected.
To receive a firm and accurate quote, repayment amount and accurate interest rate, you will need to speak with a Jade consultant. This calculator is a useful resource for calculating estimates for varying amounts but is not intended to be the only basis for your financial decision-making. For professional advice, consider speaking with a financial advisor.
Calculate Boat Loan Repayments
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You can adjust the interest rates from 5% to 17.95% in the calculator and see how the repayments change. If you are unfamiliar with current new and used boat loans rates, our consultants will give you all that information at the discussion stage.
May loan products include a residual or balloon payment which is payable at the end of the credit term. This is a percentage of the original loan total and can vary from as little as 10% to say 30-40%. The higher the residual, the lower the monthly repayments but you will pay more interest.
Be mindful that the finance calculator only handles interest rates and residuals. It does not take into account fees and charges associated with loans, as these can vary between lenders.
Terms of loans can vary from 12 months up to 7 years for some structured marine loans. Most commercial loan products have a 48 month or 60 month term, so if you are considering a charter or commercial vessel purchase, you can play around the loan term on the calculator to see which level best suits your cash flow scenario.
Boat Repayment Calculator FAQs
Using our boat repayment calculator is free and easy to use. We’ve provided a step by step explanation on our web page. But if we missed an answer to your query, hopefully we’ve addressed that in these FAQs. Remember, the calculator provides you with a rough estimate on boat loan repayments only. For a firm quote, obligation-free, please call 1300 000 003 and one of our consultants will assist you.
A boat loan involves a bank or finance company providing you with the funds to purchase a boat either with a secured loan or a unsecured personal loan. Boat finance can be arranged for both personal use or commercial use.
No. The calculator is purely for providing rough estimates based only on a loan amount, current general interest rate and a loan term as indicated. It is not a loan application form. To apply for a marine loan you will need to apply onine or call direct to the lender or broker and complete the application or apply via the loan application form.
No. Using the calculator is not a loan application in any way. The estimate derived on the calculator is not an offer of a loan and is no indication that your application has been approved.Use of a loan repayment calculator is exclusively for deriving rough estimates of repayments based on the data entered by the user. The use does not represent submission of a loan application or the approval of credit. Just because you can receive a repayment estimate on the calculator, does not indicate that a loan application has been submitted or approved.
No. The calculator is free to use.There is no obligation in using the calculator. You are not committed to proceed with a loan if you use the calculator.You can use it to calculate estimates on as many boats as you like. As an online device, you can use it from any of your devices with an internet connection and website accessibility.
Yes. The calculator works as a basic calculation device. It works out repayment estimates for the loan amount that you enter. That can be the entire purchase price of the watercraft regardless of the cost.The calculator can be used for all types of marine craft at all price points. By varying the loan amount you enter you can easily see how the repayment estimate varies. If you are choosing to pay a deposit or have a trade in which will lower the amount you need to borrow, you can allow for that by entering a lower loan amount.For high priced vessels, you can vary the loan term to reduce the repayment estimates. Lenders will have maximum loan terms for marine finance including higher priced models.
The loan calculator is a generic device which can be used by anyone. Therefore it cannot anticipate or predict the particular details or specifics of individual loan applicants.There are are details which cannot be taken into account in a calculator. Fees and charges to establish credit and ongoing loan charges vary from lender to lender. The calculator does not have the functionality to predict these charges. The calculator is set up to provide repayment estimates solely on the loan amount, current interest rate and the number of years you want to pay it off. It does not request information about your personal financial situation which form the basis of a finance application.