Low rate personal loans for everyday
Apply for a hassle-free personal loan with competitive rates and flexible repayment options.
Why choose MyOzMoney?
We are all about making things easier for you.
Applying online takes less than 5 minutes. No paperwork required.
We'll give you a fast outcome on your application.
Competitive, personalised interest rates.
Apply online for personal loans of up to $50,000. We do everything online, making it faster and easier for you while keeping our costs low, so we can pass those savings back to you.
Competitive interest rates tailored to your financial situation.
Pay off your loan ahead of schedule without any extra charges.
Get quick access to your funds. Once approved, we’ll transfer the money instantly.
Choose a loan period and payment schedule that suits you.
Applying is easy
Follow these simple steps to apply for your personal loan.
Customise your loan
You have the power to choose the loan amount you want to borrow and the repayment schedule that best suits your needs.
Get your rate in minutes
It takes less than 5 minutes to get your rate, and it won't affect your credit score. Once you have your rate, it's your choice if you want to submit the application.
Fast access to funds
If your application is approved, we transfer the loan amount to your bank account straight away.
Ready to begin?
If you’ve decided to buy a new boat or repair an old boat, you might be wondering about your different alternatives for boat loans. Several options are available, but one way of getting quick loans would be to apply for unsecured cash loans online with the Australian money lender MyOzMoney. We offer large and small personal loans from $2,100 to $50,000 with a quick application process, fast approval and competitive personal loan interest rates.
How do boat loans work?
If you want to buy a boat but don’t have enough money saved up to pay for it all upfront, what are the best boat financing options? One way is to take out a secured bank loan. With secured loans, you need to provide collateral such as property, or it could be the value of the boat itself. If you default on the loan, the lender can take ownership of the boat or the asset you have secured your loan to and use it to recoup the costs they have lost in loan repayments. An alternative to secured boat loans is to take out unsecured loans where you won’t be required to provide collateral. As with many other loans, with an unsecured personal loan, you’ll borrow a set amount of money that you’ll pay back with interest in instalments over a fixed loan term. You can either get a fixed-rate personal loan where the repayments will stay the same over the life of the loan or a variable rate personal loan where the personal loan interest rates will fluctuate depending on the market rate set by the Reserve Bank of Australia.
Are boat loans hard to get?
There are multiple boat loans and other personal loans available from different banks and credit providers. Each lender will have certain criteria that you’ll need to meet to be eligible for the loan. And when deciding whether to approve your loan, what your interest rate will be and how much money they are willing to lend you, the lender will take into consideration your particular circumstances that could include factors such as your credit history, income, expenses and other debts.
To apply for a MyOzMoney unsecured personal loan, you’ll need to be 18 years or older, an Australian citizen or an Australian resident and currently employed. Before you apply, we have a free personal loan repayments calculator that you can use to predict your indicative interest rates and monthly repayments according to how much money you want to borrow and for how long. Before buying your dream fishing boat, you’ll want to make sure you’ll be able to meet your repayments comfortably.
How long are boat loans?
The length of your loan will depend on the loan product you choose and the bank or money lender that you take out your loan with. Many lenders will have a range of loan terms you can choose from. At MyOzMoney, we offer personal loan terms ranging from 1 year to 5 years (60 months). With our personal loan costs calculator, you can adjust the loan term and see what impact this has on your repayments for the desired amount you want to borrow. This can help you find the loan term that will be most suitable for you. And the good news is, unlike some other banks and money lenders, we don’t charge early exit fees. This means that if instead of taking out short term loans, you decide to take out a longer-term personal loan, and then you find that you can pay the loan back early, you won’t be penalised for doing so, and you’ll save on interest in the process.
If you are in the market for boat loans, a MyOzMoney personal loan could be your answer. And it’s not only buying a boat that we can help you out with. If you are looking for travel loans, medical loans, home improvement loans, graduate loans and more, get in touch to see how our same day loans can help you. We offer hassle-free, easy loans that can be used for many purposes! MyOzMoney is a tech-savvy Australian money lender, and our entire application process is done online and is super quick. You can apply for unsecured fixed rate personal loans up to $50,000 without needing to supply mountains of paperwork. By supplying your online banking details in your loan application, we’ll be able to access a 90-day, read-only snapshot of your bank statements securely. This information will allow us to verify your income and other information online. We can immediately let you know your outcome using a proprietary loan management platform that can assess financial and social touchpoints in real-time. Once you’ve agreed to the contract, we can transfer the money to you straight away, so the funds could be in your bank account in a matter of hours, although the transfer times will vary depending on who you bank with.
If you have any questions about boat loans, we are available seven days a week during business hours. Our hours are 8 am to 9 pm (AEST) Monday to Friday and 9 am to 9 pm (AEST) on weekends. Apply for a MyOzMoney personal loan today, and you could be sailing into the sunset on your new boat before you know it!