What is a boat loan?
A boat or marine loan is finance used to buy a new or used boat, whether that's a fishing boat, a runabout, a jet ski, or anything in between. A boat loan makes the funds available upfront, so when you find the right boat you're in a position to buy it quickly. That often means a sharper deal too.
New Zealand's coastline, lakes and waterways are some of the best in the world. Whether you're chasing snapper on the weekends, cruising the Hauraki Gulf with your family, or doing watersports on the lake, marine finance from Armstrong's Finance helps you make it happen sooner rather than later.
What can you use a boat loan for?
A boat loan can cover more than the vessel itself. As well as the boat, you can usually roll in the trailer, safety and navigation gear, insurance and registration, so you can sort everything in one repayment rather than paying separately upfront. A boat loan can help cover:
Why choose Armstrong's Finance for your boat loan?
Instead of approaching lenders one by one, you make a single application and we compare marine finance across a panel of 18+ NZ lenders. There are no restrictions on dealer or private sales, pricing is set out upfront with no hidden fees and approved funds can be paid to the seller the same day, subject to lender criteria.
New or used
Our boat loans cover both new and used vessels, so whether you're buying from a dealer or a private seller, we can help put the finance in place.
Borrow what you need
Choose a loan amount and repayment term that suits your budget.
Transparent pricing
No hidden fees, no nasty surprises. Everything is disclosed upfront.
Fast approval
Apply online in minutes. If approved, funds are paid directly to the seller, same day where possible. Subject to responsible lending criteria and lender assessment.
Simple by design
How it works
Getting marine finance takes four steps. Get a quick quote online for an indicative estimate of your repayments, submit your application with proof of income and ID and we compare options across our lender panel. Once approved, the lender pays the seller directly, whether a dealership or a private seller.
Get a quick quote
Use our online quote tool to see estimated repayments in minutes. It's obligation-free and won't affect your credit score, so you can explore your options with a clear picture of your budget before you start searching for your next boat.
Submit your application
Once you're happy with your quote, complete your application online. We'll ask for proof of income and ID. The process is straightforward and our team is on hand to help if you get stuck.
We go to work for you
As your broker, we submit your application across our lender panel to find the most suitable match for your situation. Subject to responsible lending criteria and lender assessment, once approved the funds are paid directly to the seller on your behalf.
Get out on the water
With finance in place, you're ready to finalise the deal. The lender pays the seller directly, whether that's a dealership or a private seller, and you complete the purchase and get out on the water.
Am I eligible?
Armstrong's Finance boat loans are available to a wide range of New Zealanders. We assess every application individually, so even if you've been turned down elsewhere, it's worth talking to us.
To be eligible for a boat loan, you'll need to:
Frequently asked questions
Marine Loans
4 FAQsquestions
Marine Loans
4 FAQsquestions-
Can I get a boat loan for a used vessel?
Yes. Our boat loans cover both new and used vessels. Whether you're buying from a dealer or a private seller, the funds are deposited directly into your account so you can complete your purchase.
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Can I finance a jet ski with a boat loan?
Absolutely. Jet skis, personal watercraft, and other fun vessels are all covered. If it floats and you want to finance it, we can help you find the right loan.
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Can I include trailer and accessory costs in my boat loan?
Absolutely. Your boat loan can cover more than just the boat. Trailers, safety gear, navigation equipment, registration, insurance, and other accessories can all be included in one easy loan.
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Do I need a boat licence to apply?
No boat licence or operator's certificate is needed to apply for a loan. If you plan to use your vessel on the water, you might need a Maritime NZ qualification, depending on the type of boat and how you'll use it. We recommend checking with Maritime New Zealand to make sure you have everything you need.
Ready when you are
Apply in minutes. Know your options today.
No obligation. Just a clear picture of what's available to you.
No obligation. Just a clear picture of what's available to you.
Loan Information
Armstrong's Finance Limited (FSP1012153) is registered on the Financial Service Providers Register (FSPR) and holds a Class 2 Financial Advice Provider licence and is authorised to provide regulated financial advice services in accordance with the Financial Markets Conduct Act 2013. Armstrong's Finance Limited acts as a finance broker and does not directly provide credit. All lending is provided by third-party lenders on our lender panel.
Remuneration: Armstrong's Finance Limited is remunerated by way of commission paid by lenders. The amount of commission varies between lenders and products. Armstrong's Finance Limited may receive different commission rates from different lenders. We manage this conflict by recommending products based on your individual needs and circumstances rather than the level of commission received. Full details are set out in our Disclosure Statement, which is available on our website and on request free of charge.
Lending criteria apply. All applications are subject to credit assessment, responsible lending inquiries, and individual lender eligibility criteria in accordance with the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and the Responsible Lending Code (revised July 2024). Interest rates range from 7.95% p.a. to 29.95% p.a. Rates are variable unless otherwise stated, are subject to change, and are based on individual credit assessment. Establishment fees vary between $0.00 and $2,500 depending on the type of loan arrangement, and are included in your loan structure and repayments.
Dispute resolution: If you have a complaint that we are unable to resolve, you may refer it to Financial Services Complaints Ltd (FSCL), our approved dispute resolution scheme. This service is free of charge. Contact details are available in our Disclosure Statement and on our Complaints page.
Financial hardship: If you are experiencing financial hardship, you may be entitled to apply for a hardship variation under the CCCFA. Please contact us as soon as possible. See our Financial Hardship page for more information.
Your personal information is collected and held in accordance with the Privacy Act 2020. Please refer to our Privacy Policy for details of how we collect, use, and store your information.