Set Sail With Boat Financing From $300 to $10,000
There is no better feeling than being out on the open ocean. Sails up, the sun bouncing off the sparkling blue water, nothing but open space ahead. It’s no wonder that it is so many of us dream of having a boat of our own. Perhaps you have dreams of floating down the Waikato River in a houseboat, or spending lazy days sailing on Lake Taupo? But, as we all know, boats don’t come cheap! It isn’t always as straightforward as having the cash up front to pay for the boat of your dreams. Well, thankfully that doesn’t mean you have to miss out on nautical adventures. Jacaranda Finance NZ can find personal loans to meet a range of needs, including boat financing.
Boat Financing New Zealand-Wide
Jacaranda Finance is an online lender-finder platform connecting you with lenders all over New Zealand. Amongst other types of loan, we offer marine finance in the form of sailboat loans, yacht loans, houseboat loans, and used boat financing. No matter what type of boat financing you need, we can put you in touch with lenders who can help!
Why Use Jacaranda For Your Boat Loan?
Finding the right lender for boat financing is incredibly important. The difference between an honest transparent lender with reasonable rates, and a charlatan could be hundreds, or even thousands, of dollars. It could also be the difference between getting, or not getting, the boat that you want.
So how does Jacaranda help you to find easy boat loans?
We Apply To Multiple Lenders At Once
Rather than you having to sift through dozens of online lenders, filling out separate applications, and waiting to hear back from each one, we put your one application in front of multiple lenders. This means that we can match you with the lender who most closely can offer you the boat financing you need.
We Have Exceptionally Fast Turnaround Times
When you’ve got your eye on a boat you want, there’s no time to waste. We can help you find fast loans online to make sure you don’t miss out. When you use Jacaranda, you can get an answer on your loan application within 60 minutes of applying. We do our best to get back to you within one business day. If you’re happy with the loan you’re offered, you could receive your loan within a day of your initial application.
We Work With Only The Most Reputable Lenders
No need to worry about hidden fees, or exploitative rates, we only work with lenders who are upfront and transparent every step of the way. We work with reputable lenders offering some of the best rates in the industry, so you don’t have to spend endless hours of online research to get the best boat loan rates.
We Care About Our Customers
Our customers are at the heart of what we do. We pride ourselves on delivering excellent customer service to all of our loan customers whether they are looking for travel loans, rental bond loans or debt consolidation loans. Our commitment to customer service has earned us two Word of Mouth service awards in 2017 and 2018.
How Does It Work?
It couldn’t be easier to apply for boat loans through Jacaranda. The entire process works in three simple steps:
- Apply Online: Our easy-to-use free online application form takes no more than a few minutes to complete. It asks for some basic information about your personal circumstances, and the loan you want. Your information is completely secure and protected by McAfee and Comodo. The only parties we will share your information with are the lenders you are applying to.
- Wait To Hear Back: We put your loan application in front of multiple lenders and try to match you with a lender who can offer you the boat financing you want. This can be as quick as 60 minutes within normal business hours. If you apply outside business hours, we will do our best to get back to you within one business day.
- It’s A Match: If we find you a loan to suit your requirements, we will be in touch! It will then be down to the lender to liaise with you directly to discuss further, draw up a contract and arrange repayments etc. You are under no obligation to accept any loan you’re offered. If you’re not happy with the contract proposed, then simply say ‘no thanks!’. We’ll do our best to find you an alternative lender.
You should always read through the full contract of your loan before signing anything. If you have any questions or concerns, your lender should be happy to answer them. Never sign anything you’re not comfortable with or don’t understand.
Who Can Apply For Boat Financing?
We are pretty inclusive when it comes to our eligibility criteria. To apply for loans through Jacaranda, you just have to meet the following criteria:
- Be 18 years old or over
- Have a valid email address
- Have a valid telephone number
- Be employed for at least the past 90 days and be able to prove your income.
Have you said ‘YES!’ to all of the above? Then you can apply for a loan through us!
What Documents Will I Need?
For the application, the only thing that we require is a copy of your bank statement showing income from the past 90 days.
Lenders requirements vary, but they may ask you to provide:
- Copies of bills
- Copies of payslips
- A form of identification
- Your employers contact details
*Some lenders will require an employment check to agree to your loan. Confidentiality is held in the highest regard, and no details of your loan application will be revealed.
How Much Can I Borrow?
We recognise that boat financing (just like boats), comes in all different shapes and sizes. Some people need just a few thousand dollars for used boat loans, whereas new boats cost substantially more.
We work with lenders who offer large and small loans from $300 to $10,000 with repayment terms from 12 to 24 months.
How Does Repayment Work?
When you apply for your loan, you can opt for what repayment terms you would like. The minimum repayment term is 12 months. The maximum repayment term will depend on how much you borrow. If you borrow anything from $300 to $2,000 your maximum repayment term will be 12 months. If you borrow more than $2,000 your minimum repayment term will be 13 months and maximum 24 months.
Your repayment arrangement will vary from lender to lender, but it will generally be set up as a direct debit directly to the lender on a weekly or monthly basis.
If for any reason your circumstances change, and you don’t think you’ll be able to keep up with the repayments, you should contact your lender immediately. Given some prior notice, the lender may be able to adapt your repayment plan so that you don’t default on your loan.
How Much Will My Loan Cost Me?
The overall cost of your loan will depend on how much you’ve borrowed, your repayment term length, and your personal circumstances. Interest rates will vary from lender to lender. You can expect to pay interest rates of between 1.5% and 20%.
Our loan calculator can be a helpful indicator of roughly how much your loan will cost.
The calculation below is an example of how much a loan might cost:
Loan amount: $2,500 repaid over 13 months
Weekly payment: $75.05
Total interest: $1,702.80
Total repayable: $4,202.80
Monthly interest rate: 9% AIR: 108%
*This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.
Know Your Rights
It’s very important that you are fully aware of your rights before taking out any loan. We have created some useful pages as reference:
Information Statment – This gives you more detailed information on repayments, contracts and insurance.
Communication Authority – This tells you how we store and use your information and how your information is protected.
Website Policy – This gives further details on use of information, cookies, and complaints procedure.
Security – This tells you about the measures built into our website to ensure the safety and confidentiality of your personal information.
Are You Ready To Apply For A Loan?
Let’s Get Social!
Examples of what loans might cost.
Interest Rate between 1.5% and 20% per month.
$2,500 repaid over 13 months would have 56 weekly repayments of $75.05. Total interest $1702.80. Total amount repayable $4,202.80. This example is based on a monthly interest rate of 9% and an AIR of 108%. WARNING: This is a repayment estimate only. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.
Note, your lender may offer you different terms, fees or loan amounts based on your individual circumstances, needs and their own lending criteria. Please check your contract before signing.