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What Is a Motorbike Loan?
A motorbike loan is a secured or unsecured loan designed to finance the purchase of a new or used motorcycle. Borrowers repay the loan in fixed installments over an agreed period, typically 1 to 7 years.
How Motorbike Loans Work
Motorbike loans can be secured, using the bike as collateral, or unsecured, which doesn’t require an asset but may have slightly higher interest rates. Borrowers can choose fixed or variable interest rates, with flexible repayment options to match their budget.
Benefits of a Motorbike Loan
Motorbike loans offer several advantages, making it easier to afford your dream ride.
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Low-interest rates – Competitive rates ensure affordable repayments.
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Flexible loan terms – Choose a repayment period that suits your budget.
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Fast approvals – Get approved within 24-48 hours for quick financing.
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Fixed or variable rates – Pick between stable repayments or flexible interest options.
These benefits help riders finance their bike affordably while managing their monthly budget.
Compare the Best Motorbike Loan Rates with Expert Brokers
At Freedom Mortgage Solutions, we work with over 30 lenders to secure the best motorbike financing options with low fees and flexible repayment plans.
Quick Approvals & Hassle-Free Loan Process
We handle the entire loan process, ensuring fast approvals and minimal paperwork. Whether you’re buying from a dealer, private seller, or auction, we secure the best financing deal.
Who Can Apply for a Motorbike Loan?
Motorbike loans are available to:
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Salaried employees and self-employed individuals
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First-time buyers and experienced riders
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Business owners financing motorbikes for commercial use
Lenders assess an applicant’s income, credit history, and loan amount before approving a loan. Our experts help match borrowers with lenders offering the most affordable and flexible motorbike loans.
How to Get the Best Motorbike Loan Deal
To secure the best financing option, borrowers should:
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Compare interest rates – Look for lenders offering the lowest rates.
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Check loan features – Ensure flexibility in repayments and additional repayments.
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Have a strong credit profile – A better credit score leads to better loan terms.
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Consider secured vs. unsecured options – Choose based on financial situation and risk preference.
Our mortgage specialists help borrowers evaluate these factors to find the perfect motorbike loan for their needs.
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FAQ
Motorbike loan amounts typically range from $5,000 to $80,000, depending on the bike’s value, the borrower’s income, and the lender's policies. Secured loans allow higher borrowing limits at lower interest rates.
A secured motorbike loan requires the bike as collateral, leading to lower interest rates. An unsecured loan does not require collateral but may have higher interest rates and stricter lending criteria.
Yes, some lenders offer bad credit motorbike loans, but they may come with higher interest rates and stricter repayment terms. Improving your credit score before applying increases the chances of securing a better loan deal.
Most motorbike loans are approved within 24-48 hours, provided all required documents are submitted. Some lenders offer same-day approvals for eligible applicants.
Yes, motorbike loans can be used for both new and used motorcycles, but some lenders impose restrictions on older models. Checking lender policies ensures you secure financing for your chosen bike.
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