Marine Loan
Found the boat? Whether it is a jet ski for the summer, a tinnie for the harbour or the launch you have been circling for years, the money is the easy bit to sort. With clean credit, approval can come through in as little as an hour.
- Pre-approval within a day
- A no-obligation rate quote
What to expect
Start with the boat
Apply online with the boat or jet ski you are set on, whether it is sitting in a dealer's showroom or on the current owner's front lawn, and the amount you would like financed.
A soft check before anything
The first credit check is a soft one, which leaves your score untouched, and your application is reviewed on the day it comes in.
Priced across over 40 lenders
Your position is measured against criteria from more than 40 lenders, so the market is worked for the lowest rate on offer while you get back to planning the maiden run.
Sign, and the seller is paid
Approval sets down your costs and conditions, signing happens on screen with nothing printed or witnessed, and the money goes straight to the seller. All that is left is the ramp.
With clean credit, marine finance can be approved in as little as an hour.
What would the repayments be?
Your repayment
*Repayments shown are an estimate only, and lending criteria plus terms and conditions apply.
From jet skis to launches
Marine lending is home ground here. Years of boat finance have covered every kind of marine asset, anything from a jet ski to a brand new Huntsman.
The lending reaches past the hull, too. Used boats, replacement trailers and refurbishments all go through the same process, so the trailer under it or the refit it deserves can be financed as readily as the boat itself.
Dealer sale or private sale, it makes no difference: there are systems for both, built so the handover stays quick and stress free whichever way the boat is bought.
Jet skis
Launches and cruisers
Trailer boats
Would you qualify?
The short list
- You are 18 or over. From 18 to 21, allow for a parental guarantor.
- Your income, from full-time work or self-employment, is enough to service the repayments.
- The boat can be insured, since cover on the asset is a standard condition of approval.
- You can confirm your identity for the AML check that forms part of approval.
A dent in your credit is not a closed door. Brokers hold no set criteria, so one conversation about your position is enough to know which lenders would consider it, the rough rate, and whether we can help.
Sooner talk to a person than a form? Sam picks up on 0508 662 456.
Marine loan questions
Do I need a deposit for a boat loan?
With clean credit, none. Deposits tend to be asked for only where credit is dented, or where the boat is an older or luxury asset, and choosing to pay one anyway will not move the rate we can find you.
Will checking my rate mark my credit file?
No. The first check is a soft one, which leaves nothing on your file, and a full credit check does not happen until after we have spoken with you.
What rate should I expect?
Marine loans start from 7.45%, with your credit and wider financial position deciding where in the range you land. Apply asking for an indication and one will be emailed through, or we will ring you, and the estimate becomes very accurate after a few questions.
Can a jet ski be financed the same way?
Yes. Jet skis, new boats, used boats, replacement trailers and refurbishments all run through the same process, whether the target is a weekend runabout or a brand new Huntsman.
How fast could I be on the water?
Reviews happen the day the application arrives, and one that lands before midday may be approved inside the hour. The signing is all electronic, so paperwork is never what keeps the boat on its trailer.
What does a pre-approval actually confirm?
It is an offer of finance confirming your interest rate, repayments and any lending conditions. On a marine loan the standard conditions are signed loan documents, an AML check to confirm your identity, and insurance on the boat being purchased.
Could refinancing my current boat loan save money?
Quite possibly. If the interest on an existing boat loan feels heavier than it should, get in touch and it will be reviewed for room to save.
Can the loan be settled early?
Yes, and cheaply: early settlement fees start from just $7.
Know where you stand
Checking starts with a soft credit check, so finding out leaves no footprint on your credit file, and pre-approval puts you under no obligation.
Lending criteria and standard terms and conditions apply to marine lending.