Treat your adventurous side and your smart part with rates from 8.49% 1 comparison 9.33% 2* for excellent credit.
Treat your adventurous side and your smart part with rates from 8.49% 1 comparison 9.33% 2* for excellent credit.
We’re smart, with a big heart.
Your rate is tailored based on your credit score.
You’ll get an outcome that’s right for you.
With early repayment fees.
Learn how to keep them in shape.
Our customer service team is ready to help.
Calculate your repayments on a recreational loan.
Total Repayments | $0.00 |
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Total Interest | $0.00 |
Amount Required | $0.00 |
Establishment Fee | + $0.00 |
Loan Total | $0.00 |
Interest Rate (p.a.)1 | 0.00% |
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Recreational loan
Fixed from 8.49% 1 to 23.29%
Fixed from 9.33% 2* to 24.05% 2*
$5,000 – $62,000
3, 5 and 7 years
$595
No early repayment fees
Q1: What can I buy with a recreational loan?
Whatever your adventurous heart desires. Well, not exactly. We do have some parameters. The most common purchases with a recreational loan are boats, jet-skis, motorcycles and caravans.
Q2: What if my loan is approved but the purchase falls through?
We hope this doesn’t happen – that would be a bummer! But if this situation does arise, get in touch with us as soon as possible and we’ll sort it out together.
Q3: Who is eligible for a recreation loan?
We have a few parameters that help us determine if we can lend to you responsibly. These include earning more than $25,000 annually, no recent bankruptcies or unpaid defaults and being a permanent Australian resident. You’ll find some more of the finer details above.
Q4: How is my rate calculated?
We like to see the full picture so we can offer you a rate that’s unique to you. We calculate your personalised interest rate based on a number of things – one of the main ones is your credit score. Not sure where yours is sitting? Check it for free here.
Yes! Wisr specialises in financing boats, jet skis, caravans, and bikes bought in private sales. If you’ve got the dream, we can help make it happen.
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1: This rate applies only to borrowers with excellent credit histories. Wisr will also offer loans at higher rates to applicants with good histories, but do not meet the requirements for our lowest rates. Interest rates range from minimum 8.49% to maximum 23.29% Loan example: for a borrower with excellent credit, a loan of $30,000 over a 5 year term, with an interest rate of 8.49% comparison rate 9.33% and a $595 establishment fee, the monthly repayment would be $627.56 and the total cost over the life of the loan including the establishment fee would be $37,653.35.
2: Comparison rate
s based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments.3: Comparison rate
s based on $10,000 unsecured loan, fixed over 3 years, with monthly repayments.4: Comparison rate
s based on $10,000 secured loan, fixed over 3 years, with monthly repayments.5: Comparison rate
s based on $30,000 secured loan, fixed over 5 years, with monthly repayments with a total loan amount compared to the vehicle asset valuation less than or equal to 130% .* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Note: All rates mentioned on this website are calculated on a per annum basis.