Stratton Finance Boat Loan Review | Compare rates & fees |finder.com.au

Stratton Finance boat loan review

Last updated:  

Receive from $10,000 to $200,000 in funding for your new boat with a marine loan from Stratton Finance.

Stratton Finance is a broker that can help you to secure a competitive rate on boat finance. It offers fixed rates on boat loans from 5.99% p.a. (comparison rate 7.72% p.a.)

The rate you are offered will depend heavily on your individual circumstances, such as your credit rating and income.

Three things you should know about this loan:

  • Personalised interest rate
  • Loans available from $10,000 to $200,000
  • Available for purchase on a range of marine vehicles

$700

Application Fee

From 5.99% (fixed)

Interest Rate (p.a.)

7.72%

Comparison Rate (p.a.)

$200,000

Max Loan Amount

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Details

Product NameStratton Finance Boat Loan
Interest Rate (p.a.)From 5.99% (fixed)
Comparison Rate (p.a.)7.72%
Interest Rate TypeFixed
Min Loan Amount$10,000
Max Loan Amount$200,000

Main points to consider with a Stratton Finance boat loan

Stratton Finance is a broker and not a lender in itself. Its boat loans are available from $10,000 to $200,000 on terms from 1 to 5 years. Loan rates are personalised and will depend on your individual circumstances.

The minimum rate is 5.99% p.a. (comparison rate 7.72% p.a.) and the maximum rate is 10.69% p.a. (comparison rate 12.41% p.a.). With a boat loan, you can also opt for a personal loan, a consumer loan or a chattel mortgage.

You can purchase the following vehicles with these loans:

  • Boat
  • Jet Ski
  • Commercial fishing vessel
  • Small yacht/Sailboat
  • Large yacht/Luxury yacht

Stratton Finance's boat loan features and benefits April 2021

  • Range of lender options. Stratton works with a range of boat loan brands to offer a competitive range of products.
  • Dedicated consultant. Stratton will appoint a personal broker to help find the loan that suits your situation.
  • Loan term. This loan is available on terms from 1 to 5 years.
  • Loan amount. You can apply for a loan from $10,000 to $200,000
  • Fixed repayment schedule. A fixed rate and fixed repayment schedule offers you the certainty of knowing how much your repayments will be each month.
  • Balloon payment option. You could have the option of keeping your repayments lower by opting for a balloon payment at the end of the loan term. This will depend on the lender.
  • Loan security. There are both secured and unsecured loan options, depending on the lender.
  • Various loan options. Boat loans can be arranged for both personal use (such as a consumer loan) or business use (such as a chattel mortgage).
  • Monthly repayments. Your repayments are made on a monthly schedule.
  • Early repayment option. You may be able to pay off your loan early without penalty, depending on the lender you opt for.
  • Potential tax deduction. If you are buying a boat for business purposes, you may be able to get a tax deduction. Simply let Stratton Finance know that you intend to use the vehicle for business and they'll take you through the process.
  • Full online quote and approval. You can easily and conveniently submit your application form online to see if you've been approved and then receive a quote.

Fees and charges

  • Interest rate. Rates range from 5.99% p.a. to 10.69% p.a.
  • Comparison rate. Rates range from 7.72% p.a. to 12.41% p.a.
  • Application Fee. $700
  • Service Fee. A monthly fee of $8.90 applies to this loan.

How to apply for Stratton's boat loan

To apply for a loan with Stratton Finance simply click "Go to Site" to submit an application. Please ensure that you meet the following requirements:

  • Are over the age of 18
  • Are an Australian citizen or permanent resident

Other eligibility will depend on different lenders, for example, you may be required to have a good credit history, be a property owner or earn a certain level of income.

Other loans available from Stratton Finance

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.99% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site