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Set sail with boat loans from Nifty

Yearning for the open sea? Have a hankering for some fresh fish? Just want to get away from things? Well, channel your inner Jack Sparrow and get a boat! Depending on the variety, boats enable you to explore a whole host of new activities. Think deep-sea fishing to open-water kayaking or water skiing to wakeboarding; whatever you want, you can do it with a boat! Don’t have enough funds? Don’t sweat! With boat loans through Nifty, you could be gliding across those waves in no time.

“Who’s Nifty?” You may ask yourself. Well, we’re an Australian-based lender looking to shake up the game. We offer online personal loans from $2,500 to $10,000 aimed to suit your small to medium financial needs. Need something a little larger? We’ve got just the thing! Nifty also offers a unique broker-finding service that allows our clients to go further and apply for loans from $10,000+, though we’ll get into this later. In the meantime, let’s get into some boats!

A yacht on calm water with an old-fashioned village on a hill in the background.

Boats, big and small

As you’ll already know, boats can come in all different shapes and sizes, from a small paddle boat to a 15m yacht, and they all have their uses. Following this point, though, it is common that you will need to fork out the ‘big bucks’ for a larger boat. There is a reason they are often labelled as ‘holes in the water where you throw your money’. Now, even with this reputation, purchasing a boat does not have to mean breaking the bank; in fact, with boat loans through Nifty, becoming a boat owner is something you could even look forward to. We have compiled a quick list of three different crafts that we think provide the most versatility and best bang for your buck.

The versatile kayak

To some, labelling a Kayak as a boat may seem like a stretch, though, when you think about it, why would you think otherwise? It is a craft designed for traversal over water.

With a lightweight and sleek frame, there aren’t too many places you cannot take it. Have a river or dam close by? Hope on in! If you’re brave enough, feel free to take it out into the open ocean. Make sure your arms are up for it though, as the only form of propulsion is you and the last thing you want is to be stuck out there.

Depending on your interests, there are a few different types of Kayaks that you may want to look into. If you’re looking at taking it slow and cruising, you will be fine with an inflatable or beginner kayak, either of these will set you back roughly $100 to $200. Looking to do some fishing? Pick up a fishing kayak for around $400, these will be a little sturdier and offer a hatch for your equipment. Want to go extreme? White water and touring kayaks are significantly more expensive, being around $1,000 and $2,000 respectively, though the increased stability and durability they offer is needed for those looking to chase that adrenalin.

The true-blue tinnie

Nothing says quintessential Australian like sinking a few tins in a tinnie. A tinnie, or otherwise known as an Aluminium Boat, is the perfect option for those looking for a more laid-back boating experience. With a simple aluminium body and often sporting a singular motor, a tinnie is often seen as an entry point into the boating world.

Due to their low power and smaller frame, it is best to keep these types of boat in calm waters; so, sticking to rivers, creeks and dams will be a good option. Although, as they are bigger and more stable than the typical kayak, tinnies provide a bigger and more comfortable platform for those looking to fish. Along with this, they are more than capable of towing for simple water sports. Summer days at the dam have never been better!

As with most boats, the larger and more complex, the more expensive they will be. Given the relative simplicity of a tinnie, they are often the fraction of the cost of the average boat. Depending on the horsepower of the motor, the average cost for this type of boat is around $4,000 to $5,000. Although, the price rises steeply with more or higher power motors.

The family-oriented cabin boat

Coming in at the most expensive on the list, cabin boats are essentially bigger and more powerful tinnies. Featuring a closed deck over the boat’s bow, the boat allows a convenient storage space and easy navigation. Cabin boats are usually built of fibreglass and aluminium, and the minimum length is around 4.75 meters. Due to their increased space and size, cabin boats are the perfect option for larger groups of people looking to get over the open ocean. Dreaming of deep water fishing? This is the boat for you.

With all this extra space and comfortability, babin boats come at a steep cost. The average price for a smaller cabin boat sits between $20,000 and $30,000. Looking at a Cabin boat for the family and need finance? Well, with the help of our broker-finding service, we could put you in touch with a broker that can help you apply for larger boat loans!

More On Nifty’s Fast Personal Loans

The beauty of these loans is that they can be used for almost anything! Think boat loans to medical loans; dental loans to car repair loans; Nifty has it all! For greater reference, shown below is a break-down of the offered loan types and their respective loan amounts:

Medium Personal Loans Unsecured or Secured $2,500 – $4,600
Large Personal Loans Secured $5,000 – $10,000
Fast Personal Loans Criteria

Interested in applying for one of our fast personal loans for your boat? Fantastic! Before you apply, it is worth checking that you meet our base criteria. To be eligible to apply, you must:

  1. Must 18 years or older;
  2. Have Australian citizenship or permanent residency;
  3. Be receiving a regular income into a personal bank account for the last 3-months;
  4. Have an active mobile and email address.

About our broker service

Why did we choose them?

Using state-of-the-art software, the Diversifi broker team is able to find finance solutions efficiently, matching your unique financial needs. All brokers have extensive experience in the finance sector and commit to ongoing training, as well as holding Australian Credit Licenses.

With the help of Diversifi, our clients are able to apply for loans of $10,000+. Have your eye on a new boat? Enquire through Nifty and Diversifi will be able to assist you in applying for boat loans online.

Broker Service Criteria

Of course, we’d like to help everyone, though, our broker-finding service works a little differently than our personal loans. Our brokers require that you meet the following requirements before applying:

  • Must be over 18 years old;
  • Be an Australian citizen or permanent resident;
  • Have a drivers licence;
  • Be receiving a regular work income into a personal bank account for the last 3-months;

And that’s it! If you’re interested in this service, scroll the top of the page and select the ‘over $10,000’ option. In a few short steps, you could be on your way to sourcing a new boat loan!

Want to know more?

If there is anything else you want to know, don’t be a stranger, give us a call on 1800 471 328 or send us a message from our contact us page, and one of our friendly customer service staff will be able to assist you.

Want more of Nifty? You can also follow us on Pinterest, Instagram, Twitter and also keep up to date with the latest personal finance and lifestyle trends via our blog.

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Personal Loan Details

Loan Amounts $5,000 – $15,000
Loan Terms 9 – 24 months
Starting Interest Rate (APR) 11.42% (Excellent Credit)
Starting Comparison Rate 14.49% (Excellent Credit)
Ceiling Interest Rate (APR) 21.24% (Average Credit)
Ceiling Comparison Rate 45.56% (Average Credit)
Type of rate Fixed Rate
Repayment options Weekly, Fortnightly, Monthly
Monthly Fee $0
Early repayment fee $0
Average turnaround 60 minutes*
Loan Options Unsecured & secured options

Credit criteria and terms and conditions apply. Representative example: based on a loan of $10,000 over 36 months a borrower with an excellent credit history can expect to pay a total of $12,389.76. WARNING: This comparison rate is valid only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. Interest rates vary subject to a full credit assessment. This represents a comparison rate of 14.49% p.a. and includes all interest and fees included in your loan repayments over the life of your loan. For our personal loan product the APR starts from a minimum of 11.42% (14.49% comparison rate) with a maximum of 21.24% (45.56% comparison rate). The minimum loan term is 9 months and the maximum loan term is 24 months. For more details and examples visit our rates and fees page.

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