Guy on jet ski

Financing For Jet Skis and PWCs

At Aussie Boat Loans, we want to help you get out on the water in whatever way feels right for you. That’s why we provide finance for all types of marine vessels, including Jet Skis and other personal watercraft. Through our association with a broad range of marine finance providers, we can negotiate and secure very competitive Jet Ski finance rates for you, without you having to do all the legwork.

We are able to provide finance for everything from brand new Jet Skis, to second-hand private sales and auctions, from all major PWC brands including Sea-Doo Watercraft, Yamaha Waverunners and Kawasaki Jet Skis. We also can help you finance a trailer for your watercraft so you can easily take them wherever you can get out on the water. You can apply for a Jet Ski loan online today!

About our Jet Ski finance

In most cases, Jet Ski loans don’t require a deposit, and you can choose from flexible repayment options. You can take out a loan for a period of up to seven years or have the option of a balloon payment to reduce your weekly or monthly repayments.

Jet Ski loans have a fixed interest rate, which means the interest is calculated on the unpaid balance daily, just like a home loan. Extra or additional payments will obviously reduce the outstanding balance and therefore reduce the interest charges. This can ultimately shorten the loan term and reduce the overall cost. You can use our loan calculator to see how changing your repayments can make a difference in the length of the loan.

How else can we help?

We like to make sure your Jet Ski is properly looked after, which is why you have the option of also taking out Jet Ski insurance, extended warranty, and loan protection. These can even be added to the original loan.

So what are you waiting for? Contact us or apply online to get the ball rolling today.

FAQs for Jet Ski Finance

What are the application costs?

Boat loan applications include the following costs:

Account keeping fees (varies per financier and state)
Government taxes like REVS, FID, GST and stamp duty

Your Aussie Boat Loans contact will provide you with a quote of applicable fees before the loan application is submitted to the credit provider.

If I pay off my loan early, will the interest be reduced?

Yes. Interest calculation is based on your daily repayment balance. The smaller your remaining balance, the lower the interest rate you’ll pay.

Can I make extra repayments? Can I pay off my loan early?

Yes, you can. You can pay off your loan completely in advance or make extra repayments any time by cash, cheque, direct deposit, and BPAY. Applicable fees may apply.

When will be the first repayment?

It will be 14 days (if fortnightly) or one month (if monthly) after the settlement of your loan. For commercial boat loans, the first monthly repayment is due on the settlement day. Succeeding repayments are automatically deducted from your nominated bank account.

How will I know the payout figure for my loan?

Give us a call and one of our professional team members will discuss your payout figure with you.

What will happen if I get the loan approval?

You will have to sign the loan documents then within 24 hours you’ll be able to take home your new boat. The loan repayments will start soon after (between 14-30 days depending on the terms).

Is my privacy safe if I apply online?

Yes! At Aussie Boat Loans, we take online privacy very seriously. You can check out our privacy policy here.

Do I need to apply for boat insurance?

Yes. A valid insurance policy is required in all of our boat finance products.

From where should I buy a boat?

At Aussie Boat Loans, we welcome purchases from dealerships, auctions, and private sellers. We can help you finance the boat of your dreams. We also accept boat refinancing. Used boats of any age are also eligible but may require inspection prior to purchase.

Can I make zero deposit?

You may be allowed to make a zero deposit depending on your credit profile. If not, we will get the lowest deposit approval for you.

How can I improve my credit rating?

You can get a good credit rating by making timely loan repayments, creating a long credit history.

What if I have a bad credit rating?

If you have a bad credit rating or are have declared bankruptcy in the past, you can avail our second chance finance product. This loan product considers different criteria for approval. However, it generally has a higher interest rate because of the higher risk of your application.

How are interests on boat loans calculated?

The interest that you will pay is calculated daily based on a fixed-rate.

Are your interest rates competitive?

We are associated with a broad range of trusted marine lenders who monitor the current rates in the Australian market to maintain the capability of offering the most competitive rates. Based on your creditworthiness, we will work to get the best possible deal for your boat loan.

How can I get an approval for boat finance?

In approving your application, lenders will consider all your personal finances including the following:

  • Credit Rating and History
  • Current monthly and annual income
  • Employment Status
  • Existing debt level
  • Bankruptcy Status
  • Net Worth
  • Properties you own
  • Tenure at your current address

Based on this information, Aussie Boat Loans will make a preliminary assessment to determine your creditworthiness and ability to repay the loan. Then, we will send a proposal to one or more lenders from our panel that will suit your needs and objectives.

How long does the pre-approval last?

Aussie Boat Loans can maintain and hold your pre-approval for 31 days. If you can’t find the right boat within that duration, call us so we can extend it.

Can I get a boat loan approved before shopping?

Yes, you can. Getting a pre-approved boat loan before shopping around is a good idea. A pre-approved loan gives you more bargaining power in the showroom, giving you an upper hand when negotiating.

Aussie Boat Loans need to know the type of vessel you’re looking to buy and its current market value so we can evaluate the total loan amount. We also have to verify that the vendor isn’t fraudulent.

How long is the loan approval?

Simple boat loan applications may be approved in just a few hours, while more complex applications may take a few days. After the approval, loan agreements will be signed and funds will be released directly to the vendor.

Who can apply for a personal boat loan?

All working or self-employed individuals who are 18 years old and above are welcome to apply for a personal loan for a new or used boat.

Who can qualify for a Commercial Boat Loan?

Large-scale fishing operations using boats and trawlers qualify for commercial boat loans, while small-scale fishing charters, boat tours, and diving schools don’t. However, they may qualify for a lease or hire purchase. Individuals who teach fishing as a side-job do not qualify for a commercial boat loan.

What are the conditions for a secured boat loan?

  • A minimum loan amount of $5,000
  • The vessel must be 8 years old or less
  • The purchased vessel will serve as collateral
  • Fixed-interest rate
  • The term is 3 to 5 years

What is a Secured Boat Loan?

This is a type of loan that uses the purchased boat, jet ski, or other marine vessels as collateral for the loan. If you default on the loan, Aussie Boat Loans have the legal right to sell the purchased item to recover the remaining unpaid amount that you owe. Secured boat loans generally have lower interest rates.

What services does Aussie Boat Loans offer?

Aussie Boat Loans offers a wide variety of boat finance options including personal and business finance, boat leasing, hire purchase, Jet Ski Finance, marine equipment finance, competitive boat insurance and more. We also offer a boat search and broker service through Aussie Auto Search to help you easily find your new water vessel.

What is a Commercial Boat Loan?

This type of boat finance applies to individuals or companies who are purchasing water vessels that will be used for business purposes more than 50% of the time. A  Commercial business loan has a lower interest rate compared to personal boat loan and it has a variety of structures like hire purchase, chattel mortgage, or lease. Each of these can be the best solution to specific business needs.

Do you provide an unsecured personal loan?

Yes, we do. A minimum loan of $3,000 is required at a competitive fixed or variable interest rate, with terms up to 7 years. This is suitable for holiday loans, debt consolidation, purchase of used cars and boats, and other general purposes.

What do I need to provide on my application?

An individual application has its own requirements depending on the applicant’s profile and credit guidelines of the proposed lenders. You can call and speak to one of our professional consultants to discuss your application. You can also apply online.

More information: 


Our Partners

  • Suncorp Bank
  • AFS
  • CIL Insurance