See which lenders will give you the best motorcycle loan. Instant online results.
This is a totally free process and will not affect your credit rating.
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We believe that by providing you with fair & transparent choice, we will achieve our mission, and help more Australians get better deals (more for your money).
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We only show you loans you qualify for, ranked by the lowest repayment
We show you “apples with apples” loan comparisons (by simplifying & standardising information)
We do not accept paid endorsements or promote lenders based on commission.
Borrow from $2,000 to $75,000
Fixed or variable interest rates
Repayments to suit your budget
Terms from 1 to 7 years (most common is 3 years)
Secured & unsecured options
Australian Permanent Residents (& some visa holders)
Must be over the age of 18
Earn a minimum of $25,000 a year
A motorcycle loan is a personal vehicle loan that can be used to finance the purchase of a motorcycle. Motorcycle loans can be either secured or unsecured, and may have either fixed or variable interest rates.
You can apply for a motorcycle loan through various lenders, who will loan an amount used to purchase the vehicle, which is then repaid in regular instalments (plus interest) over a period of one to seven years.
Types of motorcycle loan
You’ll have to choose between a secured and unsecured motorcycle loan. A secured motorcycle loan uses the motorcycle you buy as security, meaning that if you default on the loan the lender will be able to repossess the vehicle to recoup the losses.
Secured motorcycle loans generally have lower interest rates but they may restrict the type of motorcycle you can buy and require that you use the funds only for purchasing the vehicle that has been approved as security.
Unsecured motorcycle loans may have higher interest rates but they usually place little to no restrictions on how you use the funds. That means you can purchase insurance, riding gear and other items you may need for your motorcycle using the loan.
Money Tip: You’ll often get the best deal if you can compare fees, rates, and repayments on multiple motorcycle loan offers from multiple lenders. You can do that simply by using our smart-form.
Most lenders offer motorcycle loans including:
Personal finance brokers
Each type of lender has its own advantages and disadvantages and which is right for you will depend on your circumstances. We’ve compared each type of lender to help you choose:
Non-bank lenders often have a fast, easy online application process and some even offer loan approval and payout of funds within 24 hours.
However, there are some non-bank lenders who charge high interest rates and fees and have inflexible loan products. Choose carefully and shop around to avoid these lenders, or use our smart form to see personalised offers and decide for yourself which is the most suitable.
Most motorcycle dealers offer finance. This option can be very convenient and the dealer may complete most of the application for you. However, these motorcycle loans often have high interest rates, high fees and restrictive terms.
Make sure you consider other options from a diverse range of lenders to make sure your dealer’s offering is competitive.
Convenient and easy.
May have high interest rates and fees.
Personal finance brokers
If you do not find any available offers to compare, you can work with a personal finance broker to assist in finding you a suitable deal and completing your application.
Brokers operate all across Australia — whether you need a motorcycle loan in Brisbane, Perth, Canberra, Melbourne, Adelaide, Newcastle, or Sydney, you'll be able to find one who can help you assess a range of suitable options specific to your financial circumstances.
Some personal finance brokers charge a fee for their service, while others are paid a commission by lenders and don’t charge any fees.
Can be a great option if you need help choosing a loan.
Can help with the process if you have an unconventional application.
May charge a fee.
When you’re comparing motorcycle loans, you’ll often just be looking for the best, or lowest, rate. If you’re doing this yourself, keep an eye on any fees included in the loan. The four types of fees you should be aware of when comparing lenders for a motorcycle loan include:
Upfront costs - establishment fees and application fees
Ongoing fees - annual fees and monthly fees
Late payment fees - charged if you miss a payment
Extra repayment fees - charged if you make early repayments to reduce the amount of interest payable on the principal amount.
Fees aren’t included in the advertised rate for a loan, which is designed to make the loan offer more appealing than it is, and is true to its name: an advertisement. The true cost of a loan is found by looking at the comparison rate, which expresses all charges (interest plus fees) as a simple percentage.
If you are using our smart form, the advertised rate and comparison rate will be clearly displayed on your personalised results screen, which you can use to quickly compare and select the deal you think is best.
We work with our Lender Partners to understand their risk appetite, approval criteria, and how they apply interest rates to various borrowers so that we can provide you with real, comparable loan offers.
No hidden fees, no inflated rates, no stress, and no impact on your credit score. Just the best deals we can find, with no hidden fees, inflated interest rates, or paid promotions.
Every lender has different eligibility criteria for a motorcycle loan, but most basic qualifying criteria requires you to be:
Over the age of 18; and
An Australian citizen or permanent resident; and
Employed, with a regular source of income that you can demonstrate
If you meet the basic eligibility for a motorcycle loan, you will then need to compare lenders and assess their individual approval criteria. The most important factor when gaining approval is to demonstrate your ability to meet the repayment schedule over the term of the loan.
If you use our smart form and find a lender you want to apply with, you will be directed to the lender’s website and need to supply all documentation as you normally would when applying for a motorcycle loan, which may include:
Proof of identity — e.g. passport or driver licence
Proof of income — e.g. payslips, bank statements
Details of any current debts or other loans
If you’re using a motorcycle as security you may also need to provide details about the vehicle including its age, where you bought it and the type of motorcycle it is.
Money Tip: Depending on the lender you choose to apply with, approving your application can take anywhere from a few minutes to a couple of days.
A motorcycle loan is one option to consider to finance the purchase of a motorcycle.
Motorcycle loan interest rates are advertised by the lender at the best, lowest rate available, while the actual interest rate applied is determined by the risk profile of the borrower.
Motorcycle loans work just like regular personal loans with regular repayments and interest.
Several types of lenders offer motorcycle loans including: Non-bank lenders, Banks, Motorcycle dealerships, and Personal finance brokers.
There are both secured and unsecured motorcycle loan options available.
Unsecured loans may be more flexible but usually have higher interest rates.
You may be able to borrow $2,000 to $75,000 with a loan term of 1 to 7 years.
You may be able to get a motorcycle loan if you have bad credit, however your lender’s credit policy will apply. If you’re finding it difficult to get approval it may be worth talking to a personal finance broker or a lender who specialises in bad credit loans.
Each lender has different minimum and maximum motorcycle loan amounts but generally you can borrow from $2,000 to $75,000. Unsecured loans may have lower maximum loan limits of $40,000 to $50,000.
Most lenders offer loan terms from one to seven years for motorcycle loans. Unsecured motorcycle loans sometimes have shorter loan terms of up to five years.
Most lenders charge fees for motorcycle loans separate to interest. Before you apply for a loan check the product disclosure statement and find out which fees the lender charges.
Upfront fees or establishment fees when you apply for the loan
Penalty fees for missing repayments or making early repayments
Ongoing account management fees
Exit fees if you repay your loan early
If you get an unsecured motorcycle loan you should be able to use the funds for any reasonable legal purpose. That includes motorcycle safety gear, insurance, repairs and maintenance.
Yes in most cases you will be able to get a loan to buy a used motorcycle. Unsecured loans usually place no restrictions on the type or age of the motorcycle you purchase, however secured motorcycle loans may only allow you to purchase a motorcycle that is less than seven years old.
To compare motorcycle loans, consider the rate, fees, term, features, and flexibility of the loan. Look for a loan that suits your financial circumstances and can be flexible if your situation changes. It might be prudent to speak to a financial advisor or personal finance broker if you need help comparing loans.