Treat your adventurous side and your smart part with rates from 6.74% 1 comparison 7.57% 2* for excellent credit.
Recreational loans
Go on,
have some
fun
have some
fun
What can I use this for?
Choose
your own
adventure
- Boat
- Caravan
- Motorcycle
- Jet-ski
- RV
The Wisr Difference
Not your average lender
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.
Loan Calculator
Doing the maths is smart
Calculate your repayments on a recreational loan.
- Monthly
- Exceptional
Get estimate
Details
| Total Repayments | $0.00 |
|---|---|
| Total Interest | $0.00 |
| Amount Required | $0.00 |
| Establishment Fee | + $0.00 |
| Loan Total | $0.00 |
| Interest Rate (p.a.)1 | 0.00% |
Testimonials
For the part of you that learns from others
THE PROCESS
We keep it simple
- 01
Get your personalised rate estimate in 2 minutes
- 02
Apply online and get a response right away
- 03
Upload your documents
- 04
Sign on the digital line
- 05
Get your money within 24-48 hours
Product features and fees
- Loan purpose
Recreational loan
- Interest rate
Fixed from 6.74% 1 to 24.54%
- Comparison rate
Fixed from 7.57% 2* to 25.32% 2*
- Loan amount
$5,000 – $62,000
- Terms
3, 5 and 7 years
- Establishment fee
$595
- Features
No early repayment fees
Eligibility criteria
- Gross income over $25,000 p.a.
- Over 18 years of age
- No unpaid defaults last 5 years
- No bankruptcies last 7 years
- Not currently in financial hardship
- Permanent Australian resident (living in Australia right now)
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.
FAQ
For the curious
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.
More Resources
The boring (but important) stuff
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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 6.74% to maximum 24.54% Loan example: for a borrower with excellent credit, a loan of $30,000 over a 5 year term, with an interest rate of 6.74% comparison rate 7.57% and a $595 establishment fee, the monthly repayment would be $602.07 and the total cost over the life of the loan including the establishment fee would be $36,124.30.
2: Comparison rates based on $30,000 unsecured loan, fixed over 5 years, with monthly repayments.
3: Comparison rates based on $10,000 unsecured loan, fixed over 3 years, with monthly repayments.
4: Comparison rates based on $10,000 secured loan, fixed over 3 years, with monthly repayments.
5: Comparison rates 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.