While it’s not always mandatory, many lenders strongly recommend having comprehensive Jet Ski insurance. This protects both you and the lender’s investment against potential damage, theft, or accidents. 

Our Aussie‐based brokers can advise you on whether your chosen lender requires insurance, or if it’s merely advised for peace of mind.

Secured Jet Ski loans use your watercraft as collateral, potentially offering lower interest rates. 

However, if you don’t want to use the Jet Ski as security or you don’t meet certain criteria, unsecured loans may be available (but often with higher interest rates). We’ll help you choose which option fits your budget and circumstances.

Yes! Many of our lenders allow additional repayments and even early loan settlements without penalty. 

We’ll work with you to find a product that provides the flexibility you need if you plan to pay off your loan sooner than expected.

Absolutely. If you already have a Jet Ski loan and want to look for a better rate or more favourable terms, refinancing may be an option. 

Our brokers will compare multiple lenders to see if you could save on monthly repayments or total interest costs.

Being new to Jet Skis typically has little impact on your eligibility, as lenders focus more on your financial profile, income, and credit score. 

Having a specific Jet Ski in mind and a rough idea of the purchase price does help streamline the application, though.

Thanks to our paperless application and soft credit checks, many customers receive a conditional approval within 1–2 business days. 

After you submit all required documents, final approval and funding can often occur in under a week, though this varies depending on the lender and complexity of your application.

We aim to be transparent with all fees from the outset, including establishment fees or monthly account fees if applicable. 

We’ll make sure you’re aware of any costs before you commit, so there are no surprises down the line.

Both terms are often used interchangeably, but there can be a subtle distinction:

• A Jet Ski loan generally refers to a specific type of secured personal loan, where the Jet Ski itself is used as collateral. This means if you default on the repayments, the lender may repossess the Jet Ski.

• Jet Ski finance is a broader term that can encompass various financing solutions, such as unsecured personal loans, chattel mortgages, or hire purchase arrangements. It may or may not require your Jet Ski to be offered as security.

Ultimately, the best option for you depends on factors like credit score, deposit, and whether you prefer a secured or unsecured arrangement. A finance broker can help you decide which structure best suits your circumstances.

Jet Ski loans work by providing you with the funds needed to purchase a Jet Ski, whether new or used. The loan application process involves submitting necessary documents such as proof of income and identification. 

Eligibility criteria include a credit assessment, which impacts your loan eligibility and terms. Loan amounts vary based on personal circumstances and credit history. You can choose between a secured loan, which uses the boat as collateral, or an unsecured loan.

It's important to consider extra costs associated with purchasing a boat. Comparison rates help you understand the overall cost of the loan, including fees and charges. The purchase price of the Jet Ski influences the loan conditions, and you have the flexibility to pay off the loan sooner without exit fees.