Boat Loan
Interest Rates
The average interest rate on a boat loan in New Zealand is 12.5%. This means that on a $30,000 loan, you would end up paying $3,750 in interest. The repayment term on a boat loan is usually shorter than a standard personal loan, so you will need to ensure that you can afford the repayments. Lest have a look at some of the best boat loan lenders with lowest boat loan rates in New Zealand.
Boat loan rates
New Zealand is a country with a long coastline and many people enjoy spending time on the water. There are a number of different types of boats that people can choose from and the cost of a boat can vary greatly. If you are thinking about purchasing a boat, you will need to factor in the cost of the boat loan. The interest rate on a boat loan in New Zealand is typically higher than a standard personal loan. This is because boats are considered a luxury item and lenders view them as a higher risk.
When considering a boat loan, it is important to compare interest rates and repayment terms from a number of different lenders. This will help you to find the best deal for your circumstances.
Boat Loan lenders in New Zealand with interest rates 2023
These are just a few of the many options available to borrowers in New Zealand. Be sure to compare interest rates and terms before selecting a lender.
Boat Loan rates and fees from udc
Looking to finance your new boat? UDC offers a range of boat loan options with competitive rates and flexible terms to suit you.
- UDC can help you finance up to 80% of the purchase price of your new boat, and our loans are available for terms of up to 7 years.
- UDC also offer a range of repayment options to suit your budget and lifestyle.
- UDC Boat loans rates start from as low as 8.95% p.a. (comparison rate 10.24% p.a.)
So if you’re looking for a competitive boat loan with flexible repayment options, talk to us today.
Auckland Finance :
Auckland Finance is a leading provider of boat loans in New Zealand. They offer a range of boat loan options to suit your needs and budget. Auckland Finance has a team of experienced boat loan specialists who can help you find the right loan for your boat purchase.
- Interest rates: 9.95% – 19.95%
- Loan term: 1-7 years
- Minimum loan amount: $10,000 Maximum loan amount: $250,000
Auckland Finance offers a range of flexible repayment options to suit your budget. You can make
weekly,
fortnightly
monthly repayments.
There is also the option to make lump sum repayments to pay off your loan faster.
AA Money Boat Loans
Aamoney.co.nz offers some of the lowest boat loan rates in the market, with no hidden fees or charges. They have a range of boat loan options to suit your needs, whether you’re looking to finance a new or used boat, or refinance an existing loan.
AA Money boat loan rates are competitive and start from as low as 7.49% p.a. (comparison rate 29.99% p.a. *).
They also offer a range of flexible repayment options, so you can choose a loan term that suits you. To find out more about our boat loan rates and fees, or to apply for a loan, visit our website
Boat Loan rates and fees from nobilofinance
Nobilo Finance offers some of the most competitive boat loan rates and fees in New Zealand. They have a range of boat loan products to suit your needs, whether you’re looking to finance a new or used boat, we can help.
- Nobilo boat loan rates start from as low as 8.95% p.a. (comparison rate 9.65% p.a. *), and they offer a range of flexible repayment options to suit your budget.
Nobilo Finance also offer a range of additional features with our boat loans, such as a redraw facility and the option to make extra repayments, so you can pay off your loan sooner. For more information on our boat loan rates and fees, please contact us on 0800 500 600 or enquire online.
Credit One Marine Finance
Boat Loan rates and fees from creditone.co.nz Credit One offers some of the most competitive boat loan rates in New Zealand.
Their standard variable rate for a boat loan is currently 10.95% p.a. However, depending on your individual circumstances, They may be able to offer you a lower interest rate.
There are no application fees or ongoing fees for our boat loans. However, there are a few other potential costs that you should be aware of:
- Valuation fee: If you require a valuation of your boat, we will charge a fee of $150 + GST.
- Security registration fee: If you use your boat as security for your loan, you will need to pay a one-off security registration fee of $150 + GST.
- Early repayment fee: If you repay your loan in full before the end of the fixed term, we will charge a fee of $250 + GST. These are just some of the potential fees and charges that may apply to your boat loan.
For full details, please refer to their Fees and Charges Schedule.
ANZ :
ANZ is one of the largest banks in New Zealand and offers a range of boat loans to suit your needs. ANZ boat loans offer competitive interest rates and flexible repayment options.
- Interest rates: 9.95% – 19.95%
- Loan term: 1-7 years
- Minimum loan amount: $10,000 Maximum loan amount: $250,000
ANZ offers a range of flexible repayment options to suit your budget. You can make weekly, fortnightly or monthly repayments. There is also the option to make lump sum repayments to pay off your loan faster.
Westpac :
Westpac is one of the largest banks in New Zealand and offers a range of boat loans to suit your needs. Westpac boat loans offer competitive interest rates and flexible repayment options.
- Interest rates: 9.95% – 19.95%
- Loan term: 1-7 years
- Minimum loan amount: $10,000 Maximum loan amount: $250,000
Westpac offers a range of flexible repayment options to suit your budget. You can make weekly, fortnightly or monthly repayments. There is also the option to make lump sum repayments to pay off your loan faster.
Need Help With Boat Loans ?
Let us help you get a boat Loan in New Zealand. Be our next success story !
