Current Boat Loan Rates in New Zealand
Compare the latest marine finance interest rates from New Zealand's leading boat loan lenders. Rates updated weekly to ensure you get the most current market information.
Last updated: 23 October 2025
Current Boat Loan Rates by Lender
| Lender | New Boats | Used Boats | Luxury Yachts | Max Term | Max Amount |
|---|---|---|---|---|---|
ANZ Major Bank | 6.99% p.a. from | 7.99% p.a. from | 8.99% p.a. from | 15 years | $500k |
ASB Major Bank | 7.25% p.a. from | 8.25% p.a. from | 9.25% p.a. from | 20 years | $750k |
BNZ Major Bank | 7.45% p.a. from | 8.45% p.a. from | 9.45% p.a. from | 15 years | $400k |
Westpac Major Bank | 7.99% p.a. from | 8.99% p.a. from | 9.99% p.a. from | 12 years | $300k |
Kiwibank NZ Owned | 8.25% p.a. from | 9.25% p.a. from | 10.25% p.a. from | 10 years | $250k |
*Rates shown are indicative and subject to credit approval. Actual rates may vary based on loan amount, term, credit score, and boat details.
Factors That Affect Your Boat Loan Rate
Credit Score
Higher credit scores (750+) qualify for the best rates available
Loan Amount
Larger loan amounts often secure better rates due to economies of scale
Boat Age
New boats get the lowest rates, used boats have higher rates
Loan Term
Shorter terms typically have lower rates but higher monthly payments
Boat Loan Rate Trends
Recent Rate Movement
How to Get the Best Boat Loan Rate
Improve Your Credit Score
Pay down debts, pay bills on time, and check your credit report for errors before applying.
Save for a Larger Deposit
A deposit of 20-30% reduces the lender's risk and can secure better interest rates.
Shop Around
Compare rates from multiple lenders including banks, credit unions, and marine finance specialists.
Choose the Right Boat
Newer boats from popular manufacturers typically qualify for better rates than older or unusual boats.
Consider Shorter Terms
While monthly payments are higher, shorter loan terms typically offer lower interest rates.
Get Pre-approved
Pre-approval gives you negotiating power and helps you understand exactly what rate you qualify for.
Find Your Best Boat Loan Rate Today
Don't settle for the first rate you're offered. Compare personalized rates from multiple lenders and save thousands on your boat financing.