Jet ski loans made simple
A loan that hasn’t jumped the shark.
Jet ski loans that are made for you.
With more flexible features and fewer fees, we’ve designed a jet ski loan that is tailored to your needs and not the other way around.
Splashing out on a jetski is simple and affordable with our low-rate vehicle loan.
No early repayment fees
We don’t punish you for paying off your loan faster. Our loans have no early repayment fees, so you can save more.
Flexible loan terms
We offer flexible loan terms from 6 months to 5 years so you can tailor your repayments to suit your needs.
Borrow between $2,001 and $45,000 to finance your new jet ski.
Fixed & variable rates
Our loans can match your long or short term goals with fixed (3 years and over) or variable rates (2 years and under).
We calculate your estimated personalised rate within 1 minute, with no impact on your credit score.
Fast online approvals
Get your personalised estimate back in 1 minute, complete an application in 5 minutes, your loan approved in 24 hours.
Australia’s most loved personal loan.
Over 1,898 borrowers have rated us 4.8/5 on ProductReview. Here’s what those happy customers have to say about a RateSetter loan.
The process of applying was very easy having to only fill out a couple of questions. The application fee was less than advertised so happy days and the interest rate is cheaper than the big 4 banks.
I could not believe how easy it was to apply for and receive the loan, all done without leaving my house, no running around gather documentation etc. Definitely would recommend RateSetter to anyone.
Approved and great rate matched with lender in 24 hours. Process was simple, feedback great with everything very well explained. Funds deposited in nominated account in less than 2 business days.
RateSetter were such a pleasure to deal with. From submitting a query to getting my loan approved, the whole process took less than a week. Thanks so much to the RateSetter team for being amazing!
My experience with RateSetter has been exceptional. The whole process was simple, painless, speedy and efficient. Much less stressful than any other loan. I could not have asked for a better service.
Applying for this car loan was so easy, very simple uploading the documents if you have everything ready when starting. I did it in no time at all. Thank you so much for your help and emails updating me.
Getting a jet ski loan is as easy as 1, 2, 3.
Get your rate
Discover your personalised interest rate in 1 minute (without impacting your credit score) with our quick and easy online RateEstimate.
Apply in minutes
Finalise your application in 5 minutes, then complete our simple online identity verification and bank statement upload process.
Enjoy your funds
After your loan has been approved and funded, you will receive your funds on the next business day. It really is as simple as that.
You’ve got questions we’ve got answers.
What is a Jet ski loan?
Are you planning to upgrade your Jet ski or purchase a new one? A jet ski loan offers you the flexibility to do that in a way that takes into account your goals and financial circumstances. Ratesetter’s car loans are a form of personal loan, which means that you can access versatile finance at a competitive rate. You can use the loan to purchase the jet ski and also pay for associated costs, such as registration, insurance, and maintenance.
Why consider a Jet ski loan?
A RateSetter jet ski loan lets you take advantage of your hard-earned credit rating to purchase the vehicle you need (or want) now and then make affordable monthly repayments to pay it off over the term of the loan. With RateSetter, you will benefit from competitive rates on a flexible jet ski loan that are often lower than those form traditional lenders such as a bank or dealership finance. Save more money by paying down the loan quicker. Using finance to buy a jet ski couldn’t be easier.
How does a Jet ski work?
A Jet Ski loan works just like a standard personal loan. That is, you borrow a specific amount of money and then pay it back with interest over an agreed term. To qualify for a personal loan, you must submit an application and agree to a credit check that takes into account your borrowing history, employment status, credit score, and other factors.
What are the benefits of a Jet ski loan?
Personal loans, including Jet Ski loans, allow you to enjoy a lower interest rate than you would receive with a credit card. They also offer a consistent repayment schedule, which makes it easier to budget in advance and avoid fees or penalties for late payments.
What can I use a jet ski loan for?
You can use a jet ski loan for a number of different purposes, including:
- New jet ski purchase
- Used jet ski purchase
- Jet ski parts and modifications
- Smash repairs
- Servicing fees
- Insurance fees
We’ll pay funds into your nominated bank account on the next business day following your loan acceptance. This gives you the flexibility to manage and pay for your car costs any way you like.
How much does a jet ski loan cost?
If you’re considering a jetski loan, you may be unsure of how much it will cost. Fortunately, our jetski loans are priced in a relatively straightforward way. The total cost of a jetski loan comprises three main factors:
- the interest rate (this may be fixed or variable)
- a one-time establishment fee
- ongoing fees (such as account maintenance fees, late payment fees, and other charges)
These costs are often combined to create a comparison rate that represents the total price of a loan. This allows you to compare different jetski loans to find the one that best suits your needs.
For an overview of fees and charges (including interest rates) associated with RateSetter’s jetski loans, see the table below:
|Term||1 yr||2 yr||3 yr||4 yr||5 yr|
|Credit Assistance Fee||from|
|Monthly fees||$0|| $0||$0||$0||$0|
|Early Repayment Fees||$0||$0||$0||$0||$0|
Comparison rates for 1, 2 and 3 year loans are based on an unsecured personal loan of $10,000 over a 36 month term. Comparison rates for 4 and 5 year loans are based on an unsecured personal loan of $30,000 over a 60 month term. Comparison rates shown assume a customer with an excellent credit history. Rates current as at 4am, 25 June 2019. Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
Am I eligible for a jet ski loan?
RateSetter provides secured and unsecured loans to Australian-resident individuals and businesses. If you are an individual, you can borrow for any worthwhile purpose, including a new car, home improvements, consolidating debt, a major event or holiday.
Save time before applying by making sure:
- You are aged 21 or over
- You are an Australian citizen or permanent resident
- You have a regular source of income that you can demonstrate
- You have a good credit history
To see if you may qualify for a RateSetter jetski loan, you can get a RateEstimate – it only takes 1 minute, and won’t affect your credit score. If you request a RateEstimate, we will ask you a few questions so we can calculate an initial estimate of your borrowing potential, and the rates, fees and charges that may apply to your loan.
In making a final decision, we consider a number of factors, including your credit file as provided to us by Equifax and/or Illion, our credit bureau partners. If you would like more information regarding your credit file, you should contact Equifax and Illion directly.
What do I need to apply?
To apply for a jetski loan, you will need to complete our identity verification process successfully, as well as considering how suitable a jetski loan is to your current circumstances.
To complete identity verification you will need to provide one or more of the following documents:
- Australian State or Territory-issued drivers licence
- Australian or foreign passport
- Address verification document such as a utility bill or tenancy agreement
These details can either be entered on our website during the application process and automatically verified online or you can upload or email them to us at firstname.lastname@example.org.
When assessing your application, we are looking for evidence of how suitable the loan is to your current circumstances and the purpose for which you require funds. Among other things, we’ll assess your:
- Employment stability;
- Repayment history;
- Credit bureau information; and
- Other details you communicate to us.
You will also be asked to verify your income and expenses, and may be asked to provide supporting documentation such as bank statement information or payslips. The documents you will need to provide will be displayed to you during the application process.
Representative example: Based on $10,000 loan with a 36 month term for a borrower with a excellent credit history at a comparison rate of 7.70% p.a. the estimated total amount payable including all applicable fees is $11,567. RateSetter loan repayment terms range from a minimum of 6 months to a maximum of 5 years. Interest rates range from 5.92% p.a. (comparison rate 7.53% p.a.) to 19.46% p.a. (comparison rate 20.38% p.a.). Rates are subject to change depending on the rates offered by lenders in our Lending Markets. Rates stated as at 4am, 25 June 2019 and are subject to change. RateSetter credit criteria and terms and conditions apply.