The cost of borrowing table includes information about interest rates, fees and charges that may apply when the asset is being acquired wholly or predominantly for personal, domestic or household purposes, or the credit being provided is to be used to acquire the asset for personal, domestic or household purposes (and not for business or investment purposes). 

The consumer credit fees and charges may apply or become payable under the contract or during the life of the contract.

Application Fee Motorcycle, SPV E-bike

The application fee is a loan establishment fee and charged when the loan is advanced/established. It can be included in the financed amount.

$325

Application Fee Marine

The application fee is a loan establishment fee and charged when the loan is advanced/established. It can be included in the financed amount.

$325 to $395

Dealer/Broker Administration Fee

The maximum Dealer/Broker administration fee that may be payable when the loan is advanced/established is based on the Net Amount Financed categories as follows:

 a) $1,500 to $2,999 - $165

b) $3,000 to $4,999 - $275

c) $5,000 to $9,999 - $490

d) $10,000 to $20,000 - $600

e) $20,001 plus - $720

PPSR Fee

We will charge a PPSR Fee to register our security interest PPSR when the loan is advanced/established. The fee is charged on each individual loan contract that is funded.

$8.05 per loan contract

Default Service Fee

The Default Service Fee will be charged to each cheque payment or direct debt that is dishonoured during the term of the loan.

$25

Early Prepayment Fee

If you pay the loan account outstanding balance in full before the scheduled final payment due date (full payment) you will be required to pay a fee upon settlement / discharge of the loan to compensate YMF for any loss resulting from the pre-payment. The early prepayment fee is calculated as follows:

  $350 *I divided by T + $50 admin fee

 Where:

I= number of Instalment Payments still due in the Loan term; and

T= Total Instalment Payments.

Recovery Costs and Enforcement Expenses

If a default occurs and YMF takes steps to enforce the contract or a security under it, YMF will charge you for costs, liabilities and expenses it incurs in exercising and enforcing its rights and remedies, including the costs of repossession and associated with sale and legal costs, including on a solicitor/own client basis together with disbursements.

All costs, liabilities and expenses after a default occurs

Annual Interest Rates
The annual interest rate is a fixed rate for the loan term on a standard form contract. YMF may consider a range of factors when it determines the actual interest rate which will apply to each loan, including: the net amount financed and term of the loan, the complexity of the loan, the age/type/condition of the asset being financed, the borrower's credit history, the borrower's asset position and the borrower's risk assessment rating as determined by YMF. Interest is calculated by multiplying the outstanding balance at the end of each day by a daily interest rate. The daily interest rate is calculated by dividing the Annual Interest Rate by 365 (or 366 in a leap year). Interest is then debited to the loan account on each Instalment Payment Date. 
As a guide, the following are the different asset categories and their respective interest rates ranges (excluding YMF program rates used on special promotions):

Asset Type

Interest Rate (p.a)

Motorcycle, SPV E-bike 10.15% to 16.95%

Water Vehicles 10.15% to 16.95%

Marine Package (Boat, Trailer, Motor) and Repower 10.15% to 16.95%

Default Interest Rates
YMF may charge default interest on any amount that is not paid by a borrower when it is due.

Default Interest is a rate equal to the Annual Interest rate plus 3% per annum

 The default interest rate is charged (in addition to annual interest rate) on the arrears amount outstanding. The rate varies based on when a contract was initiated.

The above figures apply to consumer loan products that are provided by Yamaha Motor Finance New Zealand Limited (YMFNZ) under the CCCFA. Interest rates, credit fees and charges are subject to change. All applications for credit are subject to approval of YMF NZ’s credit criteria. Finance is provided by Yamaha Motor Finance New Zealand Ltd NZBN 9429036270798 FSP9622.

Applying for a YMF Loan is easy, simply visit us on site, give us a call or apply via our online application below. 

Tips for completing this form:
• Provide as much information as possible to support your application
• Fields marked with an asterisk (*) are mandatory
• You will be sent a confirmation receipt of your application via email and you will be contacted by a Turangi Marine staff member.

To help speed up the assessment of your loan application, bring along the following for verification of your application:

• Proof of identification - eg. drivers licence
• Proof of income - eg. current pay slips
• Your banking details - for direct debit payment
• Proof of address - eg Rates Notice, Bank Statement or Utility Bill

Credit criteria, fees, charges and conditions apply. Finance available to approved applicants of Yamaha Motor Finance New Zealand Limited. FSP 9622/NZBN 9429036270798. Offer only available at participating Yamaha dealerships.