Secured Jet Ski Loan Australia

A secured jet ski loan is a loan in which the amount you borrow is tied to the asset - in this case, the jet ski. In other words, the jet ski is used as security against the loan so if circumstances change and you can't meet your repayments, the lender is able to sell the jet ski in order to recover the amount outstanding on the loan. 

A secured jet ski loan is the best option for financing your new vehicle. Because the loan is tied to the asset lenders will generally allow you to borrow more at a lower interest rate. Lower rates mean the total cost of the loan is cheaper than an unsecured car loan. Secured loan interest rates are usually fixed. That means you know exactly how much your weekly, fortnightly, or monthly repayments will be making it easier to budget for your repayments. 

Our secured jet ski finance interest rates can vary depending on the age of the jet ski you are buying, your credit file, credit score, assets and liabilities. Our rates start as low as 5.99%* for new jet skis for business and consumers. 
_{* based on a commercial contract for a new vehicle with specific criteria.}

With a secured jet ski for business use, you may be entitled to claim GST tax input credits and interest and depreciation costs depending on the percentage use of your jet ski for business purposes.

For full up-to-date details on  business vehicle finance and tax benefits we recommend you seek professional advice from your accountant, or alternatively, you can visit the ATO

To qualify for finance you need to:

• Be over 18 years old.
• Be an Australian citizen or permanent resident*
• Be currently employed**
• Earn at least $400 per week (after tax)
• Not be in an undischarged bankruptcy or part 9 debt agreement. 
  
  

  *We may be able to help if you have a visa with more than 2 years remaining.
  **Min 1-month permanent employment (full or part-time) with continuation of the same industry (probation periods may be considered) - Or 6 months casual employment.
  *** We may be able to help if you are employed full time and more than half of your bankruptcy period has passed.

Making an application is quick and easy. You just need to have the following documents ready to give to your broker:

• Current Australian Residency Identification 
• Two recent payslips
• One current bank statement 

Not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged or more than half of your bankruptcy period has passed we can be able to assist you. Click here for an assessment that will not damage your credit score or call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution. 

Yes, you can. If you are self-employed, you can borrow 100% of your jet ski's purchase value and include extras such as insurance and extended warranties.