A bad credit jet ski loan is a type of loan provided to those who may not have the best credit history, but need finance to purchase a jet ski.
Bad credit jet ski loans are ideal for Australians who may have a default from a phone bill or credit card, previously declared bankruptcy, or have been declined by other financial institutions.
We understand that bad things happen to good people. If you demonstrate that you can afford to pay your jet ski loan, we can help give you the second chance you need.
If you have a poor credit score, we may have to alter a few things to help you get approved for your loan. Our lending specialists will need to ensure that you can afford to pay back the loan, which results in a few more steps to get approved.
We will need to know if you are:
– Paying a debt collector
– Registered for a default
– Dealing with any current red flags on your credit report
We want you to know that we will not judge your credit situation. We are here to help you. Your past decisions should not impact your current and future choices. This is why we will work with you to establish if you have the current capacity to service a bad credit jet ski loan, despite your past credit issues.
There are many benefits of bad credit jet ski financing. These benefits include:
It is important to us at Ume Loans to provide flexibility for our customers. Whether you want to increase your repayment or make extra repayments, we can help make it happen. Your individual needs are important to us, so we want to be as flexible as possible.
Our business is 100% Australian owned, assisting anyone over the age of 18 throughout Australia. Our team is ready to assist you in becoming financially successful and getting approved for a poor credit jet ski loan.
Our personalised support team will do what we can to provide you with exceptional service. Your finances are important to us, and we will help get you approved for bad credit jet ski finance.
Ume Loans may want to extend your loan terms. Extending a loan term can help to stretch our your finance repayments, and lower them per frequency. You may incur a high interest rate due to your profile, but we ensure your repayment fits within your means.
Read MoreA bad credit history jet ski loan can mean higher interest rates. While high-interest rates are typical, we will work tirelessly to ensure your repayment is personalised to your affordability.
Read MoreIf your credit score is low due to a poor credit history, our lenders might prefer you to add a deposit towards the jet ski purchase. A higher deposit means that the risk is lower for your finance application. This can increase your chances of an approval.
Higher deposits are common, and will also reduce the amount you borrow. If you are not in a position to add a deposit, consider waiting until you have more money saved to put towards the purchase.
Read MoreIf your credit history is poor, it’s likely you won’t get approved for the same amount as a standard loan. If you receive an approval, you will know exactly how much money you can spend on the jet ski purchase.
It is essential to understand that a loan with lower limits is okay. If you can demonstrate good repayment history on your poor credit jet ski loan, it’s likely to get you a more competitive loan in the future.
Read MoreA bad credit jet ski loan, similar to a leisure loan, can result in additional paperwork. This is because our lending specialists will need verification of how your financial situation has changed over time.
Ume’s lending team may request payslips, rent receipts, or utility bills to verify you have enough income to make your loan repayments.
Read More
Enter some basic details so we know who you are, and what you’re looking for! This will not affect your credit score. This is where you will submit your bank statements online.
We will ask you to provide proof of income and identification.
You can complete your application either online or over the phone with us.
Once everything is verified, you can sign your contracts electronically.
Time to go shopping for your new jetski or pick up the jetski you've already chosen.
Enter some basic details so we know who you are, and what you’re looking for! This will not affect your credit score. This is where you will submit your bank statements online.
We will ask you to provide proof of income and identification.
You can complete your application either online or over the phone with us.
Once everything is verified, you can sign your contracts electronically.
Time to go shopping for your new jetski or pick up the jetski you've already chosen.
Enter some basic details so we know who you are, and what you’re looking for! This will not affect your credit score. This is where you will submit your bank statements online.
We will ask you to provide proof of income and identification.
You can complete your application either online or over the phone with us.
Once everything is verified, you can sign your contracts electronically.
Time to go shopping for your new jetski or pick up the jetski you've already chosen.
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Experience in Alternate Lending
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We provide good people with a second chance
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Our team just love helping our customers buy the Jet Ski’s they love and want, whether it’s brand new or a used Jet Ski, we are very happy to share our Ume Loans reviews.
Yes. If the Jet Ski is yours, or going to be yours, we will be happy to finance it. Many other lenders have a whole bunch of rules around the brand, age, and type of Jet Ski you can buy, but you won’t find that at Ume Loans. You can even finance the trailer with Ume Loans.
Just remember, we only transact Jet Ski loans between $5000 and $25000.
Yes. You can finance a brand new Jet Ski or a secondhand Jet Ski with Ume Loans, again, just remember we only transact Jet Ski loans between $5000 and $25000.
Yes. We are happy to finance Jet Ski’s bought both privately or through a dealer. Your Lending Specialist will make the process super easy for you, by contacting the seller and arranging any information we need from them directly.
We can even give you a copy of the PPSR search we conduct to verify there are no prior outstanding loans on the exact Jet Ski you are buying.
No. We customise your Jet Ski loan repayment to suit your budget, making sure it is affordable for you, without the need for a large lump sum payment at the end.
