Don't let finance hold you back from the water. Apply once with Lending Room and we match you to lenders who specialise in recreational vehicle finance. Rates from 8.99% p.a. with no impact on your credit score from our check.
From a family runabout to a serious fishing boat, we match you to the right lender for your water vehicle.
Finance a new or used runabout or bowrider for family days on the water. Dealer and private sale accepted.
Apply nowFrom small tinnies to serious offshore vessels. Finance the full package including trailer and motor.
Apply nowPersonal watercraft including Jet Ski, Sea-Doo and WaveRunner. New and used accepted.
Apply nowLarger vessels for coastal cruising or overnight stays. Finance up to $250,000 for the right vessel.
Apply nowFinance the full package including trailer, motor upgrades and accessories as part of your loan.
Apply nowApply once and our team will match you to the right lender for your specific water vehicle.
Apply nowOne application reaches lenders who specialise in recreational vehicle finance. No credit score impact from our check.
We run one soft credit check that does not affect your score. Once matched, some lenders accept our check while others may run their own.
Our panel includes lenders who specialise in recreational vehicle finance and understand the marine market.
Finance a brand new vessel from a dealer or a quality used boat through a private sale. Both accepted.
Same-day assessments available. Get on the water this season rather than waiting for bank approval.
Loan terms from 6 to 84 months. Secured options available using the vessel as security for larger amounts.
Checking your options costs nothing and commits you to nothing. You choose whether to proceed.
One short form. We handle the matching, the follow-up and the hard work.
Takes about 5 minutes. Tell us your loan amount, purpose and basic situation. Just the once.
We run a soft credit check and match you to the lender on our panel most likely to get you a better deal. A soft check does not affect your credit score.
Our team contacts you with your approval. If it works for you we guide you through to settlement. No obligation at any stage.
Ready to get started?
Apply in 5 minutes. One application. A better loan deal.
We help employed New Zealanders with a good credit history get the finance they need for their water vehicle.
You are employed
Full-time, part-time or self-employed with verifiable income.
NZ citizen, resident or eligible visa holder
Open and employer-specific work visas with at least 13 months remaining.
Good credit history
We work with borrowers who have a clean or near-clean credit record.
Loan amount between $3,000 and $250,000
Terms from 6 to 84 months.
What to have ready
Having these on hand will speed up your assessment.
Your NZ driver licence or passport
3 months of bank statements
Details of the vessel you want to buy
Details of any existing loans or debts
Common questions about financing your water vehicle through Lending Room.
Can't find what you're looking for? Contact our team
Yes. Both new and used vessels are accepted. This includes private sales as well as dealer purchases. The lender may have requirements around the age and condition of the vessel.
We run a soft credit check during our assessment which does not appear on your credit file or affect your score. Once we match you to a lender, some accept our soft check while others may run their own standard credit check as part of their process. We will let you know before we submit.
The minimum is $3,000 and the maximum is $250,000 depending on the lender and your personal circumstances. Loan terms range from 6 to 84 months.
Yes. In many cases the full package including trailer, motor and accessories can be included in a single loan. Let us know what you need financed and we will match you to the right lender for your situation.
Same-day funding is possible for applications approved before 12pm on business days. Most applicants hear back the same day they apply.
A broker and introducer fee of up to $1,500 applies when your loan is successfully funded. This fee is added to your loan amount and is GST inclusive. It is disclosed clearly before you commit to anything and you are never under obligation to proceed. Lender establishment fees may also apply depending on the lender.
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Boat and jetski loans in NZ work similarly to car loans. You borrow a fixed amount to purchase your vessel and repay it over an agreed term with a fixed interest rate. Loans are available for new and used vessels including boats purchased from dealers and private sellers, though lender criteria varies by vessel age, condition and type.
Marine finance can be secured using the vessel as collateral, which typically results in lower rates and access to larger loan amounts. Unsecured options are also available for smaller purchases where you prefer not to offer the vessel as security. Loan terms typically range from 6 to 84 months and amounts from $3,000 to $250,000.
Most types of recreational water vehicles can be financed through Lending Room. This includes runabouts and bowriders, fishing boats and tinnies, jetskis and personal watercraft including Jet Ski, Sea-Doo and WaveRunner models, launches and cruisers, and campervans with marine trailers. In many cases the trailer, motor and accessories can be included in the same loan.
New vessels from licensed dealers typically attract the best rates as they have a clear market value and are easier for lenders to assess. Used vessels from both dealers and private sellers are accepted on our panel, though the age and condition of the vessel may affect which lenders are available and the rate offered.
Buying a boat privately is common in NZ and most lenders on our panel accept private sale finance. The seller receives the funds directly once the loan is approved, making the transaction straightforward for both parties.
Not sure if your vessel qualifies? Apply and our team will confirm which lenders on our panel can help with your specific boat or jetski before any credit checks are run.
Boat loan interest rates in NZ are determined by the lender based on your credit profile and the vessel being financed. Your credit history is the most significant factor. A clean credit file with no defaults typically results in lower rates and more lender choices.
The vessel itself also matters. Newer boats with lower hours and a clear market value are easier for lenders to assess and recover if needed. Older vessels, high-hour engines and unusual vessel types may attract fewer lender options. Comparing across multiple lenders through one application is the most effective way to find the best rate for your situation.
Applying directly to a lender for boat finance triggers a hard credit check that leaves a mark on your credit file. Apply to three or four lenders separately and your score takes multiple hits before you have committed to anything. For marine finance in particular, where not all lenders operate in this space, this risk is even higher.
Lending Room runs one soft credit check that does not affect your score and matches you to the lender on our panel most suited to your vessel and financial situation. As an FSPR registered broker, we are required to act in your interest and disclose all fees clearly before you proceed.
One application, one soft credit check, matched to the right lender. Our team will find the right finance for your water vehicle.
