Boat Finance

Boat Loan Options

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What Boat Loans can we help you with?

Let's get you on the water! Mylenda can assist with Personal Loans, Secured Loans or Chattel Mortgage to get your Boat or Jet Ski.

Complete your own application and save $1000s in commission! We can take you through the easy process and unlock wholesale lender rates for you.

There is no effect on your credit score throughout the online process!

Monthly Repayments

Secured Loan

Secured Boat Loan allows you to get the cash direct from the lender to buy your own asset. You take ownership of the bike, although the lender will also have an interest in it. Once you make the final payment, you will be the sole owner of the asset.

Chattel Mortgage

Chattel Mortgage is a great solution if you use your boat for business more than 50% of the time. How does it work? Your lender advances the funds and takes a mortgage over the boat as security. Once you make the final payment, its yours!

Personal Loan

A Personal Loan is where the lender is not seeking or requires security. The funds would be sent directly to you from the lender. Personal Loans are commonly used for older assets and usually has a higher interest rate payable.

Personal Loan vs Secured Loan vs Chattel Mortgage - Which one do I get?

It's ok, we get that not everyone is sure on which finance to get. We are here to talk you through the options and find the right product for you.

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