Boat loans
Get on the water faster
Personalised rates from 6.99%¹
Won’t affect your credit score
Canstar winner 5 years in a row
Set sail with a hassle-free online boat loan
Personalised finance for your first boat, your dream boat, or need a boat repair loan.
IN CONTROL
Borrow what you need for a new or used sailboat, speedboat, jet ski or other boat, or use a boat repair loan to fix up your own.
ONLINE BOAT LOANS - 24/7
You could be fishing, waterskiiing or just cruising at sea within a couple of days without the need for awkward face-to-face meetings.
UNSECURED LOANS
Our loans are unsecured so there's no need to put your new boat, or any other asset, on the line to get the money.
What our customers say
Money was in my account on the same day I was approved for the loan. Excellent! Wellington , New Zealand
Thre was a system glitch but this was resolved very quickly. New Zealand
highly recommended & have advised family & friends of harmoneys loan services New Zealand
Granted that my credit rating is 1000 and that I have a guaranteed permanent secondary teaching position but I have NEVER experienced or expected anything as smooth as this Harmony process (FYI: I am 57 years old and a property owner of one rental and have gone through many mortgage and loan applications in the last 20 years. I also have an extensive 30-year secondary teaching career alongside this).
Despite my strong credit history, no hire purchases, an $82 000 salary (guaranteed), and a $610 weekly rental income, my regular bank would not loan me the extra $10 000 needed to complete a new sleepout because, in their view, I was reaching beyond a financial ceiling that they would not finance.
It left me in a pretty pickle as I wanted to complete the sleepout in Christchurch before the 2021 academic year so that I could take advantage of the influx of NZ students into the city post-New Year. The conceting and foundation is down already so, really, it is not going to take too much to complete the actual structure.
My regular bank simply did not want to know despite an extremely positive valuation from a registered and accredited valuer.
Getting this loan is actually a kind of miracle for me. The property has been in my family's hands for 45 years but now I am really adding value and getting some good returns on it (I am also not over-leveraged compared to Auckland properties).
All I can say is, THANK YOU Harmony as I don't have to go back to my bank anymore to beg for the funds required.
Can I also add that I am greatly heartened that I can pay the loan back at anytime without any financial penalty. It really is a great deal tbh and I would recommend this lender to anyone out there who is stuck for funds New Zealand
Recommend to all family and friends
And the chat and email responses were fantastic. Kris from Customer Care online chat was there and respond fast. I applied online for a loan from Instant Finance takes a week before they contacted me if still interesting too bad i applied with Harmoney only minutes and i found out that got approved. I m still waiting now for a second quote coz i changed the amount but 24hrs not over yet as promised. Thanks and keep up the good work. When you treat customer right they wont ever leave Auckland, New Zealand
Not too many requirements. New Zealand
Thank to Harmony. New Zealand
Working in the finance industry aside from my errors in submitting its very slick New Zealand
Easy to follow instructions.
I compared with other agencies and harmony had the best offer. , New Zealand
Establishment fee of around 3.2% of loan value perhaps a little high, but understandable given non-secured nature of loan.
Well structured convenants within disclosure documentation setting out obligations and also nature of early repayment if undertaken.
Could be beneficial (for decision making by borrower) to include actual cost of borrowing (including fees) calculator as can be utilised on such sites as Interest.co.nz
Good follow up by help-desk operator. Southland, New Zealand
Simple, 100% online
1. Get to know you
First, tell us how much you want to borrow and confirm identity and finance documents we need.
2. Get your offer
We’ll send you a boat loan offer for you to approve that includes everything you need to know.
3. Get your money
Accept your loan offer, send us a few final details, then you should get your money within 24 hours.
What we offer
$2K - $70K
Loan limits
3 or 5 years
Loan terms
$200 or $350
Establishment fee
$0
Early repayment fee
- Interest rates from 6.99% p.a. – 19.99% p.a.¹
- Establishment fee of $200 for loans under $5,000²
- Establishment fee of $350 for loans $5,000 and over²
- You can repay weekly, fortnightly or monthly
- Your rate is fixed for the life of the loan
- All loans are unsecured
Common boat loan questions
View moreCan anyone apply for a boat loan?
For Australia: to apply for a boat loan in Australia, you must be:
Aged 18 years or older
An Australian citizen, Permanent Resident or New Zealand citizen
Employed full time or permanent part time
Able to provide photo ID documents such as an Australian driver’s licence or passport
Free from any defaults, judgements or bankruptcies on your credit file
Borrowing a minimum $2,000 loan
For New Zealand: to apply for a boat loan, you must be:
Aged 18 years or older
A New Zealand citizen or Permanent Resident
Earning a stable income
Applying for a boat loan or boat repair loan on Harmoney has the same requirements as most other types of loans we offer.
Can I include insurance and other costs in my boat loan application?
Yes, your loan can pay for all expenses related to buying and operating a boat, up to your borrowing limit.
What type of boat can a boat loan be used for?
You can use your loan to buy any type of boat, new or used, that’s covered by your borrowing limit. Whether it’s a sailboat, speedboat or a jet ski, let us know your plans when you apply.
Can I get a loan to repair my own boat?
Yes, you can use a personal loan as a boat repair loan to help with urgent repairs, general maintenance or upgrades to an existing boat.
Can I use my loan to pay off my boat dealer?
If you’re already using dealer finance to pay for a boat and you can't get out of the agreement, you could find a new loan with better terms to pay off your old loan. Harmoney’s debt consolidation loans are designed as a flexible solution to help borrowers get out of debt.
Quick boat loan estimate
See what personal interest rate and repayments you can expect on your boat loan with our quick estimate loan calculator.
Speeding you out of the dock
Spend less time sorting out finance and more time choosing the perfect boat.
100% ONLINE – 24/7
No face-to-face interaction required, apply and be approved online.
NO EARLY REPAYMENT PENALTIES
Able to pay off your loan early? Great! We won’t charge you anything extra.
PERSONALISED RATE
We use your credit profile to automatically calculate your personal interest rate.
About boat loans
A boat loan is a personal loan that can be used to cover expenses associated with purchasing, owning and maintaining a boat.
This could include the purchase price, repairs, maintenance, storage, accessories and equipment up to the value of your approved loan limit. There are various types of boat loans and it’s important to understand how they work when deciding which type of loan is right for you.
Unsecured boat loan
An unsecured boat loan is a loan which does not require your boat (or another asset) to be offered as security. This means your boat will not be repossessed if you default on your loan or have trouble making payments. Penalties are still charged for late payment, but this is a safer option than a secured loan.
All Harmoney boat loans are unsecured.
Secured boat loan
In the case of a secured boat loan, security (or collateral) is provided on the loan. This can either be the boat itself or another asset. If you default on a secured boat loan, your collateral can be seized by the loan provider.
Secured boat loans are not provided by Harmoney.
Dealer finance
Boat sellers will often offer their own finance, much like car dealerships. While these may seem attractive, often offering low-interest rates and other perks, they typically require a deposit and, like a secured loan, will keep the boat as security. Dealer finance often works out to be more expensive than third party loans, especially for those with bad credit.
Fixed and variable loans
There are two types of interest rates you can have on your loan: fixed and variable. A fixed interest rate is one that will stay the same despite outside influences, making it easier to budget and plan for the future. Meanwhile, a variable rate will rise and fall with the economy, making it a riskier option.
At Harmoney, our loans always have fixed rates so you can know in advance what your payments will be throughout your loan term.
Get moving today
Apply online for a boat loan and live your boating dreams.
Types of personal loans
Harmoney can help you with a loan for the things you need.
CAR LOAN
Ready to upgrade or buy your dream car? Get that new or used vehicle sooner with an online loan.
EDUCATION COSTS
Don’t let money get in the way of your education. Get help with your education expenses with a Harmoney loan.
DEBT CONSOLIDATION
Debt consolidation means making one simple payment on a new loan in place of your current debts.
HOLIDAY LOANS
If you’re desperate for a getaway but don’t have the means a Harmoney holiday loan could send you on your way.
WEDDING LOANS
Focus on planning the details of your dream day and leave the finances to us. A wedding loan from Harmoney can provide the funds to bring your wedding plans to life.
BUSINESS LOANS
Whether you’re launching a start-up or want to expand your established business a Harmoney business loan can help turn your business dreams into reality.
RENOVATION LOANS
If you’re ready to turn those renovation goals into reality a renovation loan from Harmoney can get the ball rolling.
MEDICAL LOAN
A Harmoney medical expenses loan can help ease the burden of unexpected or ongoing medical costs.
We're real people and here if you need us
If you need help, just give us a call on 0800 427 666 or jump on to online chat and one of our more than 30 specialists will be there to lend a hand.
Terms and conditions
1. Subject to approval and funding. Harmoney’s interest rates range from 6.99% p.a. to 19.99% p.a. and are offered based on the individual borrower’s credit assessment according to Harmoney’s credit scorecard. In order to be approved and list your loan you must meet Harmoney’s credit criteria and responsible lending requirements. Fees, charges, terms and conditions apply. 99% of loan applications are funded within 24 hours of loans terms being accepted (based on loans submitted in 2018).
2. Establishment fee of $200 for loans from $2,000 to below $5,000 and $350 for loans from $5,000 to $70,000. Fixed rates range from 6.99% p.a. to 19.99% p.a. on 36 to 60 month terms, with no early repayment penalties.