A Jet Ski loan is similar to a boat loan for personal use, where the Jet Ski and trailer if any would be used as security over the loan. Lending criteria is very similar to that of a personal use boat loan and the application process would also be similar. As the Jet Ski is used as security, you can often get a cheaper interest rate than an unsecured personal loan.
Jet Skis are classed as ‘pleasure craft’ and criteria may be a little stricter than that of a car loan. There are a range of lenders that will finance jet skis, so it is also possible to get the most competitive deal based on your individual circumstances.
You can have flexible Jet Ski loan terms between 12 months to 60 months and you may have the flexibility to fund asset and loan protection insurances, subject to finance approval.