Jade Boat Loans FAQs

Loan repayment calculators are available for prospective borrowers to calculate estimates on finances they are considering. These resources or financial tools are widely available on lender websites and on some manufacturer and dealer websites. They are simple to use and should be free to use. The user enters the amount they want, the term they want to pay it off and the interest rate for the relevant lending type as advertised by the lender of their choice. The device auto-calculates repayments based on that data. As these are generic tools, they do not allow for the fees and charges that apply to loans or for specifics around individual financing applications which may impact the pricing of the finance. The results generated should be used as a guide only and the lender contacted for a confirmed quote.

While this is a trademark of Kawasaki, the term has been adopted across the marine and boating community to represent all PWCs or personal water craft. Finance for PWCs now includes all makes and models with Yamaha and Sea Doo being the most popular but other brands and types of small watercraft have emerged into the market. The models financed include single, dual and three seaters and specialty models including those set up specifically for fishing. Some will be sold as basic models with the angling pack as an optional extra. Secured financing is the most popular for these purchases and would cover all makes and models. Lenders will have a minimum lending threshold and buyers should check with their broker or lender when intending to apply for finance for lower-priced models to ensure they meet the criteria.

In general terms, the full purchase price of a PWC can be included in the finance deal. This is known as no deposit finance as the buyer does not have to make a down payment, they can borrow 100% of the ticket price. Subject to lender approval, additional items such as a trailer, safety gear, optional accessories and upgrade packs may also be included in the finance deal. Exceptions to no deposit finance would be when a lender assesses the borrower as not having the capacity to take on that level of debt and will request that the total loan amount be reduced. This would require the buyer to make a down payment to the seller to reduce the amount borrowed.

Yes. Pre-approved finance is available for all types of watercraft and vessels across all loan products. The lending is arranged prior to the purchase of the PWC. The borrower approaches the finance company, bank, lender or broker and requests a quote based on an estimate of what they think the watercraft they will buy will cost. On acceptance of the quote, the full lending application process is undertaken. This is the same process as for applying for a loan after the PWC purchase has been made. The lender processes the application through to the approval stage but then pauses the process. The borrower knows the amount they are approved for and can confidently proceed to purchase a PWC for that amount. The lender then proceeds to finalise the financing through settlement. If the borrower changes their mind and does not proceed, the pre-approved loan simply expires. There is no obligation to proceed with a pre-approved PWC loan.

Yes. All lenders offer jetski loans to include the entire package. Some dealers will offer trailer and jet ski packages while other sellers will sell only the watercraft. If you choose to purchase the jet ski and trailer from separate sellers, they can be included in the same loan if purchased at the same time in most cases If you decide to upgrade your trailer at a later time, part-way through your jet ski loan, and you would like it added to your existing jet ski loan, that would, in most cases, require re-financing the original jet ski loan.

No. Jade Boat Loans provides jet ski loans for the full range of jet ski models. The interest rate and terms and conditions for jet ski loans are determined by and will vary based on the details of the applicant not the size or model of the jet ski.

The interest rate we advertise and offer for jet ski loans is applicable across the full range of PWCs, subject to individual lenders and individual applicants. In some cases, the age and condition of a jet ski may impact the jet ski loan. If a lender does not accept an older jet ski as security for a Secured Jet Ski Loan, an unsecured loan may be applied for.

Having a boat or jet ski licence is not a pre-requisite for applying for or being offered a jet ski boat loan. People with no jet ski licence can be offered a jet ski loan, even though they would not be permitted to operate the jet ski. Most secured jet ski loans do require that you have coomprehensive insurance and then the insurance company may require you have a licence. The minimum age for being offered a jet ski or other boat loan is 18 years of age. Jet ski and boat licences are issued by state and territory governments through the relevant maritime authority. The age and conditions around acquiring a jet ski or other form of boat licence will vary from state to state.

Yes lenders provide loans for all types of jet skis and PWCs (personal watercraft) covering all models offered by the leading manufacturers including Yamaha, Kawasaki and See-Doo. For most applicants a Secured Loan is suitable for the purchase of a PCW (personal watercraft). Individual lenders will have minimum loan amounts for marine loans. Most new jet skis will meet the minimum loan requirements.