In many cases, applicants can borrow 100% of the purchase price of the watercraft. This is subject to individual applications and individual lenders. If an application is assessed as the applicant not being in a position to service a loan of that size, you may be requested to pay a higher deposit to reduce the loan amount.
There is no general rule on the maximum allowed on boat loans. All finance quotes, and credit conditions are offered subject to individual applications and individual lenders. Some banks may have limits on the maximum amount they will extend on personal loans. Jade is accredited with many lenders, so we can access more options beyond the major banks.