Jet Ski Loans

Your guide to getting the right jet ski loan.

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A quick guide to jet ski loans

Jet Ski loans, a type of personal or secured loan, are designed to provide you with the financing necessary to purchase a Jet Ski. Rather than saving up for months or years, a Jet Ski loan allows you to purchase your watercraft upfront, paying back the loan amount plus interest over a set period. The loan can be secured (against the Jet Ski or another asset) or unsecured, with the former often offering lower interest rates due to the lower risk to the lender.

Here's what a jet ski loans typically looks like:

eligibility orange tickBorrow from $5,000 - $100,000
eligibility orange tickLoan terms from 1 - 7 years
eligibility orange tickWeekly, fortnightly or monthly repayments
eligibility orange tickFixed interest rates from 6.50%
eligibility orange tickVariable interest rates from 7.95%
eligibility orange tickInterest rate tailored to your situation

What can I use a jet ski loan for?

A Jet Ski loan can be used primarily to finance the purchase of a new or used Jet Ski. However, it's not limited to the Jet Ski alone. Depending on the lender's policies, you might also use the loan to finance related equipment, such as safety gear, trailer for transportation, or even maintenance and repairs.

Here are some common reasons people take out a jet ski loan:

New Jet Ski Purchase

A jet ski loan can help finance the purchase of a brand new jet ski from a dealership.

Used Jet Ski Purchase

Loans can also be used to buy a used jet ski from either a dealer or a private seller.

Jet Ski Trailer

A jet ski loan can cover the cost of a trailer to transport the jet ski.

Maintenance and Repairs

Jet ski loans can be used to cover the cost of routine maintenance or unexpected repair costs.

Upgrades and Modifications

If you want to enhance your jet ski's performance or look, a loan can cover the cost of upgrades and modifications.

Safety Equipment

Jet ski loans can be used to purchase necessary safety equipment like life jackets and first aid kits.


A jet ski loan can also cover the cost of insuring your jet ski against theft, damage, and other risks.

Storage Costs

If you need to rent a storage space for your jet ski during the off-season, a loan can cover these costs.

Jet Ski Accessories

From covers to docking systems, a jet ski loan can be used to buy accessories for your jet ski.

Training or Licensing Fees

In some areas, operating a jet ski may require a special license or training. A jet ski loan can cover these costs.

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How much can I borrow for a jet ski loan?

The amount you can borrow through a jet ski loan in Australia is primarily determined by your personal financial situation, the lender's criteria, and the cost of the jet ski you intend to buy. It is crucial to consider these factors when determining how much to borrow, as they can significantly affect the loan terms and your ability to repay the loan. Jet ski prices in Australia can vary greatly, ranging from a few thousand dollars for a used model to over $20,000 for high-end, new models. If you're also planning to finance related costs such as a trailer, maintenance, safety equipment, or storage costs, these would additionally impact the total amount you need.

Lenders typically offer jet ski loans from as low as $1,000 up to $50,000 or even more. The amount you're approved for will largely depend on your creditworthiness, income, and existing financial commitments. A good credit score and stable income will increase your borrowing power. It's crucial to remember to borrow only what you can comfortably repay. A jet ski loan should enhance your lifestyle, not create financial stress. Therefore, it is always recommended to carefully consider your repayment capacity before finalising the loan amount.

Jet Ski Loan Repayment Calculator

To estimate your monthly repayments and the total cost of the loan, input the loan amount, loan term and interest rate into the calculator below. This helps you plan your budget and choose the most suitable loan terms.

Loan Amount
Establishment Fee
Loan Term (Years)
Interest Rate
Total amount to repay
Your repayments

Balance over time

Am I eligible for a jet ski loan?

Lenders consider several factors when assessing your eligibility, including your credit score, income, debt-to-income ratio, age, residency, and required documentation. While meeting the eligibility criteria doesn't guarantee loan approval, having a good credit score, stable income, and a positive financial profile significantly improve your chances.

You are eligible to apply for a jet ski loan if you are:

eligibility orange tickOver the age of 18; and
eligibility orange tickAn Australian citizen or permanent resident; and
eligibility orange tickHave a regular source of income, that is enough to meet the repayments

How to apply for a jet ski loan?

Applying for a jet ski loan is easy and only takes a few minutes. Get started by filling out some basic information into our application form. We’ll review your information, and someone will be in contact with you to discuss the best option for you from over 40+ Australian lenders.

If you’re eligible for a jet ski loan, and you are happy with the initial quote, you will need to prepare documents such as:

eligibility orange tickPassport or drivers licence
eligibility orange tickProof of income and expenses (e.g. payslips, bank statements)
eligibility orange tickDetails of any current debts or other loans

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How to get the best jet ski loan for you?

When searching for a jet ski loan, it's essential to understand the different factors to find the best fit for your needs. From interest rates and fees to loan terms and early payout options, each factor can increase or descrease the total amount you will repay.

Interest Rate

When it comes to obtaining a jet ski loan, one of the key factors to consider is the interest rate. The interest rate directly affects the overall cost of borrowing and your monthly repayment amount. It's crucial to compare interest rates from different lenders to ensure you secure a competitive rate that aligns with your financial goals and helps you save on interest expenses over the loan term. Keep in mind that interest rates can vary based on factors such as your creditworthiness and the lender's assessment of risk.


In addition to the interest rate, it's important to evaluate the fees associated with jet ski loans. These fees may include application fees, origination fees, processing fees, and ongoing maintenance fees. By carefully understanding the fee structure of different lenders, you can choose a loan with transparent and reasonable fees. Evaluating both the interest rate and fees will help you determine the overall cost of the loan and ensure you minimize costs throughout the loan duration.

Comparison Rate

When comparing jet ski loan options, considering the interest rate alone is not enough. The comparison rate provides a more comprehensive understanding of the true cost of the loan. It incorporates both the interest rate and any additional fees associated with the loan, giving you a clearer picture of the total cost of borrowing. By comparing comparison rates from different lenders, you can make more informed loan comparisons and select the option that offers the best overall value.

Loan Term

The loan term, or the duration of repayment, is an essential aspect to consider when obtaining a jet ski loan. Shorter loan terms generally result in higher monthly payments but lower overall interest costs, as the loan will be repaid in a shorter timeframe. Longer loan terms may offer lower monthly payments but could result in higher interest expenses over the life of the loan. It's crucial to assess your financial situation and determine the loan term that aligns with your ability to comfortably make repayments while minimizing interest costs.

Early Payout

Flexibility in loan repayment is valuable when considering a jet ski loan. Early payout options allow you to repay the loan before the agreed-upon term without incurring penalties or additional charges. This flexibility can be advantageous if you come into unexpected funds or wish to reduce interest expenses. Before finalising a jet ski loan, review the terms and conditions to ensure that early repayment is possible and to understand any potential limitations or conditions that may apply.

Balloon Payment

Some jet ski loans may include the option for balloon payments. A balloon payment is a larger lump-sum payment due at the end of the loan term. While balloon payments can reduce monthly repayment amounts, it's important to carefully consider their implications. Ensure that you will have the necessary funds available to make the balloon payment when it becomes due. Balloon payments can be a suitable option if you anticipate having the funds or plan to refinance the balloon payment at the end of the loan term. However, it's crucial to fully understand the impact of balloon payments on your overall financial strategy.

Find the best Jet Ski Loans for you with Emu MoneyFind the best Jet Ski Loans for you with Emu Money

Frequently Asked Questions

Still have questions about jet ski loans?

These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.

Can I use a Jet Ski loan for used Jet Skis?
Do I need insurance for a Jet Ski loan?
What kind of Jet Skis can I purchase with a Jet Ski loan?
Can I use a Jet Ski loan to buy accessories?
Can I use a Jet Ski loan for repairs and maintenance?
Can I refinance a Jet Ski loan?
What is the interest rate on a jet ski loan?
How long does it take to get approved for a jet ski loan?
Can I pay off my jet ski loan early?
Are jet ski loans secured or unsecured?
Can I get a jet ski loan with bad credit?
What happens if I can't repay my jet ski loan?
Can I get a jet ski loan if I'm self-employed?
How does a jet ski loan affect my credit score?