Boating Loans With a Difference
Chattel mortgage boat finance for business use. Claim GST upfront and enjoy depreciation tax deductions on your commercial vessel.
Loan Amount
Approved
Claim GST Upfront
Immediate tax benefit
Depreciation Deductions
Reduce taxable income
Boat as Security
Lower interest rates
Simple Process
Minimal paperwork
Loan Terms
1 - 7 years
Borrow up to
$250,000+
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Estimate Your Repayments
Calculate your commercial boat finance repayments
Estimated repayment
per month
*This calculator provides estimates only. Actual rates depend on your circumstances. Consult your accountant for tax advice.
What is a Chattel Mortgage?
A chattel mortgage works by allowing you to purchase a boat and use the boat as security for the loan. This financing structure is ideal for business owners who want to claim tax benefits.
With a chattel mortgage, you can claim the GST on your boat purchase upfront rather than over the life of the loan. You can also claim depreciation as a tax deduction, reducing your taxable income.
This makes chattel mortgages particularly attractive for commercial vessels used in fishing, tourism, charter operations, or other business activities.
Claim GST Upfront
Claim the full GST amount on your boat purchase immediately, improving your cash flow from day one.
Calculate SavingsDepreciation Deductions
Claim depreciation on the vessel as a tax deduction, reducing your overall taxable business income.
Learn MoreSpecialist Broker Team
Our commercial finance specialists understand business needs and will find the right structure for you.
Contact UsFishing Boats
Commercial fishing
Charter Vessels
Tourism operators
Work Boats
Marine services
Any Business Use
ABN holders
Business Finance
Who is Chattel Mortgage For?
Chattel mortgage is ideal for ABN holders and businesses that use boats for commercial purposes. Whether you operate a charter service, commercial fishing operation, or marine business, this structure offers significant tax advantages.
GST Registered Businesses
Claim the GST component immediately
Sole Traders & Companies
Available to all business structures
Flexible Terms
Choose from 1-7 year loan terms
Simple terms. No hidden fees.
GST
Claim upfront
Claim the GST on your boat purchase immediately.
Tax
Depreciation
Claim depreciation as a business tax deduction.
$395
Establishment fee
Spread across repayments. $495 for loans over $15,000.
1-7 years
Loan durations
Flexible terms to suit your business needs.
$250,000+
Max loan amount
Finance commercial vessels of any size.
With no impact to your credit score
Chattel Mortgage vs Other Options
A chattel mortgage differs from other finance options in several key ways. Unlike a finance lease, you own the boat from day one. Unlike a personal loan, you can claim significant tax benefits.
The boat serves as security for the loan, which typically results in lower interest rates compared to unsecured options. The lender holds a registered interest until the loan is fully repaid.
We also offer other commercial finance options if chattel mortgage isn't the right fit for your situation. Our brokers will explain all options.
Chattel Mortgage
Own asset + tax benefits
Finance Lease
Use asset, return at end
Ready for Commercial Finance?
Apply Today
Our commercial finance team specialises in chattel mortgages for marine vessels. We understand the unique needs of boat businesses.
With affordable payment terms and significant tax benefits, financing your commercial vessel with Loans 123 makes good business sense.
Call us on 1800 079 147 or apply online to discuss your commercial boat finance options.
Frequently Asked Questions
You must be at least 18 years old to apply for a chattel mortgage. You'll also need an ABN and be using the boat for business purposes to take advantage of the tax benefits.
Ready to apply?
Find out your rate and repayments in under 90 seconds
With no impact to your credit score