Jet ski loans – Finance for a jet ski

How to find the right finance for your jet ski purchase.


There are a few options available to help finance a jet ski, but how do you find the right one? Lenders offer loans tailored to jet ski purchases, as well as secured and unsecured personal loans. Each of these options comes with benefits and drawbacks.

This guide takes you through your options so that you can find the best loan for you.

Harmoney Unsecured Personal Loan

Harmoney Unsecured Personal Loan


6.99 % p.a.


  • Borrow from $2,000
  • 100% online
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100% confidential application

Harmoney Unsecured Personal Loan

Apply today to get approved within minutes for up to $50,000.

  • Max. loan amount: $50,000
  • Loan term: 36 to 60 months
  • Turnaround time: 99% of approved online applications funded in 24 hours
  • Fees: Establishment fee of $200 for loans from $2,000-$5,000 and $450 for loans from $5,000-$50,000
  • No early repayment fees
  • Personalised interest rates based on your circumstances
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Compare a range of personal loans to fund your jet ski

Data indicated here is updated regularly
Name Product Interest Rate (p.a.) Min. Loan Amount Max. Loan Amount Loan Term Monthly Service Fee Establishment Fee
Harmoney Unsecured Personal Loan
6.99% - 29.99%
36 to 60 months
$200-$450 depending on loan size
Apply for an unsecured personal loan up to $50,000 with no early repayment fees. Eligibility: Be a NZ resident/citizen and have a good credit score.
Nectar Personal Loan
8.95% - 29.95%
6 months to 4 years
Unsecured loans from $1,000 with payouts made within one day of approval. Applications entirely online. Eligibility: Must be 18+, an NZ citizen or permanent resident, and have an income of $400 per week or more (after tax).
Lending Crowd Personal Loan
3 or 5 years
$250-$1,450 depending on the amount borrowed
A secured personal loan from $2,000 to $200,000 with repayment instalment options. Eligibility: Be an 18+ NZ permanent resident, earn $30,000 or more, have a good credit history and collateral/security.
QuickLoans Personal Loan
9.95% - 23.95%
6 to 60 months
$95-$595 depending on loan size
Borrow up to $20,000 and apply online within 5 minutes. Eligibility: Be over 18, hold permanent NZ residency, have collateral/security, earn at least $450 per week.
Admiral Finance Secured Personal Loan
13.95% - 23.95%
6 to 60 months
$125-$595 depending on loan size
A secured loan from $1,000 to $50,000 with a quick online application process. Eligibility: Be an 18+ permanent NZ resident, have collateral/security, earn at least $450 per week.
NZCU South Personal Loan (Unsecured)
10.90% – 28.90%
Up to 7 years
An unsecured personal loan up to $50,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.
NZCU South Personal Loan (Secured)
9.90% - 28.90%
Up to 7 years
A secured personal loan up to $50,000 with personalised repayment options. Eligibility: Be an 18+ permanent NZ resident or non-resident on a working visa, earn $500+ weekly.

Compare up to 4 providers

What options do you have for a jet ski loan?

  • Specialised jet ski finance. Some specialised lenders offer tailored products that they design for the purchase of a jet ski. You may find their structure similar to dealership finance in that you are required to pay a balloon payment, and your repayments are quite low. You can find these loans online through speciality lenders or by applying for finance when you purchase your jet ski.
  • Unsecured personal loan. You can usually use funds from an unsecured personal loan for whatever purpose you need. So, if you receive approval for the correct amount you can put it towards your jet ski purchase. These loans are available for up to seven years, and you can typically apply for anywhere between $200 and $65,000. Rates vary but are between 9.95% – 29.95% p.a.
  • Secured personal loan. Some lenders may allow you to use the jet ski you’re purchasing as security for the personal loan. By doing so, you can receive a more competitive rate as the lender is more likely to recoup its losses should you default. Rates for secured personal loans can be between 7.70% – 20% p.a. and you can usually borrow between $200 and $50,000. Terms extend up to seven years.

How should you compare your jet ski loan options?

To find the right loan for you, pay attention to and compare the following features:

  • Turnaround time. Some lenders will provide the funds in one business day following approval, but others may take longer. Remember to check the turnaround time when considering your options.
  • Interest rates. What is the interest rate the lender will charge and is it competitive? You should also check the comparison rate, as it gives you a better idea of the actual cost of the loan.
  • Balloon payment or deposit. Does the lender require you to pay either of these? Paying either of these will affect your repayments, so make sure you have taken it into account.
  • Loan terms. Most jet ski loans on offer have terms from one to five years, but some will go as high as seven. Check what your repayments are based on your loan term and amount and see if this is affordable.
  • Repayment flexibility. Can you make additional payments without penalty or pay back the loan before the end of the loan term? Check this before you apply.
  • Fees. Check for upfront cost, such as application or establishment fees and ongoing charges, such as monthly or annual fees.

How much do jet skis cost in New Zealand?

The cost of a jet ski varies greatly depending on elements such as the model, age, hours ridden and whether it is new or used. At the lower end, a used jet ski could set you back as little as $3,500. A higher end, new jet ski could cost upwards of $20,000.

You then need to add the costs of licencing, maintenance and gear into the upfront cost.

Is there anything to avoid when applying for jet ski finance?

  • Over applying. There are jet ski loan providers who will work with individuals with less than perfect credit scores. Research lenders thoroughly if you have a bad mark on your credit report and find one that is willing to work with you. Multiple applications and rejections only reduce your chances of receiving approval for a jet ski loan, or any other credit, in the future.
  • Penalties. Carefully check the fees that lenders charge for late payments. In some instances, these can be extremely high in comparison to your loan amount.

How to apply

Use the comparison table on this page to sort through your options and find the right one for you. You can click through to each lender’s review page or website to check the eligibility criteria and documents that you require to complete the application. Once you have made your decision, click “Go to site” to start your application.

Eligibility criteria

Eligibility criteria differs per lender, however, most lenders require you to meet the following:

  • Be over 18.
  • Earn a steady income.
  • If the loan is secured, there may also be requirements regarding the jet ski you want to finance.

“What if I have bad credit?”

While most lenders do require you to have good credit, some lenders will consider you if you have negative marks on your credit file. Bear in mind that these loans are higher in cost and the lender may require that you meet additional criteria. For example, you may need to supply three months of your bank statements on the application.

You can compare a range of bad credit, jet ski loan options below.

Depending on your creditworthiness and suitability, there is a wide range of options in the marketplace for you to finance a jet ski. Remember to compare the options available to you before applying with any of the lenders on this page.

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