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Find the Right Jet Ski Finance

Jet ski finance options are available in South Africa if you want to invest in some fun activities out on the open water.

Use our calculator below to find the best loan option from South Africa’s best lenders.

Calculate repayments

Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.
Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.

RCS General Purpose Loan

RCS
12 months
to 60 months
R2,000
to R250,000
15.00%
APR
A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

African Bank Personal Loan

African Bank
7 months
to 72 months
R10,000
to R250,000
15.00%
APR
Loans up to R250,000. Terms between 7 months and 72 months. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

BayPort Personal Loans

BayPort
6 months
to 72 months
R20,000
to R250,000
15.00%
APR
It is easy to apply for a Bayport personal loan of up to R250,000 with our simple online loan application process and personalised service. Once you have registered, all it takes is a minute, to find out if you qualify for a Bayport personal loan. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.

Direct Axis Personal Loan

DirectAxis
12 months
to 60 months
R1,000
to R250,000
15.00%
APR
A personal loan from R1000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Fixed monthly repayments. Free monthly statement via email or SMS. Optional Customer Protection Insurance. Interest from as low as 15%. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Personal Loan - Average Credit

MoneyShop
12 months
to 72 months
R10,000
to R250,000
24.75%
APR
MoneyShop find the best loan suited to your profile with SA’s top loan providers. They have partnered with SA’s top personal loan providers to make your online application process quick and easy! Have a regular income of more than R4,000, bank statements and your SA ID? Apply online today.

Nedbank Personal Loans

Nedbank
6 months
to 72 months
R2,000
to R350,000
24.75%
APR
Loans available from R2 000 to R300 000*. Flexible repayment periods from 6 up to 72 months. Monthly repayments debited from your bank account. The best possible interest rate that we can offer you. Easy online loan application process. Apply via MoneyShop, they will help to ensure you're matched the best lender suited to you.
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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

Jet ski finance for your watercraft adventures in South Africa

CompareLoans brings you information about jet ski financing so you can start wave riding on the best deal for your budget.

How do jet ski loans work?

A jet ski loan gives you a lump sum of money so you can purchase a new or used jet ski of your choice. That means you get to enjoy the thrill of water sports without paying the full purchase price out of pocket. You can borrow any rand amount between R10 000 and R300 000. Furthermore, you only repay the loan in monthly instalments that can last for a year minimum or 7 years maximum.

4 ways to finance a jet ski in South Africa

Secured personal loans

A personal loan for a jet ski can be secured by the jet ski itself much like how car loans work. That means the lender has a legal right to claim the jet ski if they don’t receive the full repayment from you.

  • Advantages. It’s a popular option that has lower interest rates and which enables you to borrow more since there’s less risk for the lender.
  • Disadvantages. There’s the risk of losing the jet ski if you default.

Unsecured personal loans

Unsecured personal loans are another flexible option where the jet ski is not held as security. However, this option is more favourable to borrowers with a good or excellent credit score.

  • Advantages. Missing a few payments won’t put your jet ski at risk of being seized. Furthermore, you can prequalify for the loan, which gives you the flexibility of shopping for the jet ski with the cash in hand.
  • Disadvantages. No security means more risk for the lender, and they’re more likely to charge a higher interest rate.

Jet ski company financing

Some jet ski companies offer one-stop services if you need both the jet ski and financing for the jet ski. Financing can be provided directly by the manufacturer or through third-parties such as banks and other lenders.

  • Advantages. A hassle-free option that saves you the effort of shopping around for a loan. Additionally, jet-ski manufacturing financing may offer lower interest rates than personal loans.
  • Disadvantages. The starting interest rate offered by the manufacturer may go up if you take longer to pay off the loan.

Credit card

Since credit cards often have low limits, using a credit card for your jet ski purchase is only a viable option when you’re buying a low-priced machine or using your savings to top up.

  • Advantages. If you’re applying for a new card, you can capitalise on interest-free promotional periods that can last as long as 12 months.
  • Disadvantages. Credit cards are high-interest-rate options if you’re unable to find a credit card with no repayment fees.

How to compare jet ski loans so you can find the best option

You can pay for a jet ski in several ways, but the best way depends on your individual circumstances. For each type of jet ski loan, consider the following factors:

  • Borrowing limits. Some popular jet-ski brands like Seadoo and Yamaha can cost you upwards of R300 000. First, check the maximum loan amount allowed by the lender before applying.
  • Interest and fees. A competitive fixed or variable rate is the way to go along with minimum fees. Standard loan fees and charges include initiation and monthly service fees but watch out for any penalty fees that are applied to early repayments or late repayments. These can significantly increase the total cost of your loan.
  • Security against the loan. If the jet ski can serve as security for the loan, the question is, are you willing to risk the machine in exchange for a competitive rate?
  • Insurance. If you’re opting for a secured personal loan, the jet ski typically has to be insured at an extra cost.
  • Repayment flexibility. You choose a repayment period between 1 and 7 years. The longer the repayment process, the more the loan will cost you. Paying off your loan quickly means more savings for you since you pay less interest.
  • Processing time. You might already have a holiday circled on your calendar. If the jet ski is a big feature of that holiday check to make sure you the lender will offer financing within your desired timeframe.

Jet ski loan repayment calculator

Using the jet ski loan calculator from CompareLoans helps you to factor in the 3 key parts of your loan, which are the loan amount, loan term, and your monthly repayments. To get started, use the sliding tools to select your loan amount and term, then click calculate. The results are your expected monthly payments which should, ideally, align with your budget.

Is Jet ski finance available for bad credit?

Jet ski loans for bad credit history may be available, but in such cases, the lender always takes steps to minimise the risk they’re taking on. For example, payday loan lenders don’t perform a credit check, but they charge very high interest rates while limiting the amount you can borrow. Bad credit personal loans typically need to be secured before the loan is approved. This ensures the lender can recover their money in case of failed repayments.

How to apply for a jet ski loan online

  1. Our comparison tables on this page feature several options to choose from when comparing loans and while using the jet ski loan calculator.
  2. Once you have a favourite lender, click on their “Go to Site” button to begin the application process.
  3. Get ready to provide personal details that typically include your email, ID number, and phone number.
  4. In addition, you need to upload the following documents – copies of your South African ID, your latest payslips and bank statements as well as proof of residence.

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