Boat Loan Calculator

Get an estimate for your boat or jet ski loan repayments.

Boat loan

You won’t find any one-size-fits-all solutions at Set Up Finance. We look at our client’s individual financial situation to craft the best case for a lender. We know all the ins and outs. All you need is your current information, and we’ll guide you every step of the way.

The repayment information produced by this calculator is to be used as a guide only. Any results produced are neither an offer of finance nor a legal guarantee. We (Set Up Finance) bear no responsibility for any losses incurred from the use of this information. Your official loan request is subject to assessment through standard lending criteria. This calculator has not accounted for additional fees set out by the lender or taxes such as GST.

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How do you Calculate Interest Rates?

Interest rates are generally set by the lenders, but each lender may vary based on a number of factors including the credit profile of the borrower, the residential status, the type of loan required and the lenders’ appetite for risk.

How much deposit do I need for a boat loan?

Deposits are generally set by the dealer. A customer can choose to finance 100% of the purchase price of the boat.

Can I borrow money to buy a boat?

Finance for boats and jet skis are widely available and offered by many lenders, both mainstream and second tier or sub-prime lenders.

What credit score do you need for a jet ski?

Each lender has a different credit  score requirement. Customers with a credit score that has been impacted by negative activity may still be eligible for loan however this will be based on the lender’s appetite for risk.

Can you get a loan for a used boat?

While lenders will generally offer finance on second hand boats and jet skis, some factors such as age of the asset may attract a higher interest rate and shorter term offered to the borrower.

How long are boat or jet ski loans?

The term is completely at the discretion of the customer. Most lenders will offer loan terms ranging from 12 months to 7 years in duration with the flexibility to pay out the loan early if required.