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Compare Motorcycle Loan Rates

Updated 27 Aug 2025

Find your best motorcycle loan deal today, with free personalised quotes from top Australian lenders.

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4.7 out of 5
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Sean Callery Editor Money.com.au
Paul Duggan Money.com.au Chief Executive Officer
Money.com.au's Senior Finance Writer, Jared Mullane

Our dedicated team of Money.com.au Personal Loan experts is here to help

Motorcycle Loans

Best motorcycle loan interest rate comparison

Compare some of the best motorcycle loans in Australia. We display all the options on our database (and we’re not paid by lenders to appear). Get out on the road sooner by checking your eligibility & motorcycle loan rates from our lender panel. Simply hit ‘Compare now’ and we’ll do the work for you (or if you’d prefer to brave it yourself, we provide a link to the provider).

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Rates updated 27 August 2025

Important Disclosures

Loan purpose

Loan amount

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MoneyPlace Secured Car Loan (New)

Interest rate from

5.67%

To 6.52% p.a. (fixed)

Comparison rate from

6.10%

To 6.95% p.a.

Up to $80,000

Repayments from

$384

Per month for 5 years

Compare now
on Money.com.au
logo
Horizon Bank Personal Loans Secured by Mortgage

Interest rate from

5.79%

p.a.

Comparison rate from

7.84%

p.a.

1 - 5yr Loan Term

$500 - $100,000

Repayments from

$385

Per month for 5 years

Compare now
on Money.com.au
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SWSCU 5 Year Term Vehicle Loan

Interest rate from

5.79%

p.a. (fixed)

Comparison rate from

5.79%

p.a.

5yr Loan Term

$1,000 - $200,000

Repayments from

$385

Per month for 5 years

Compare now
on Money.com.au
logo
Horizon Bank Personal Loans Secured by Deposits

Interest rate from

5.79%

p.a.

Comparison rate from

6.00%

p.a.

1 - 5yr Loan Term

$500 - $100,000

Repayments from

$385

Per month for 5 years

Compare now
on Money.com.au
logo
MoneyPlace Secured Car Loan (Used)

Interest rate from

5.80%

To 6.52% p.a. (fixed)

Comparison rate from

6.23%

To 6.95% p.a.

Up to $80,000

Repayments from

$385

Per month for 5 years

Compare now
on Money.com.au
logo
NOW Finance Car Loans

Interest rate from

5.95%

To 21.65% p.a. (fixed)

Comparison rate from

5.95%

To 21.65% p.a.

2 - 7yr Loan Term

$15,000 - $100,000

Repayments from

$386

Per month for 5 years

Compare now
on Money.com.au
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NOW Finance Unsecured Personal Loan

Interest rate from

5.95%

To 26.95% p.a. (fixed)

Comparison rate from

5.95%

To 26.95% p.a.

2 - 7yr Loan Term

$5,000 - $50,000

Repayments from

$386

Per month for 5 years

Compare now
on Money.com.au
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Police Credit Union Better Fixed Car Loan - min $20K

Interest rate from

5.99%

To 6.48% p.a. (fixed)

Comparison rate from

6.40%

To 6.48% p.a.

$20,000 - $1,000,000

Repayments from

$387

Per month for 5 years

Compare now
on Money.com.au
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SWSCU Fixed Rate Vehicle Loan

Interest rate from

5.99%

p.a.

Comparison rate from

5.99%

p.a.

7yr Loan Term

$1,000 - $200,000

Repayments from

$387

Per month for 5 years

Compare now
on Money.com.au
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MoneyMe Personal Loan

Interest rate from

5.99%

To 24.49% p.a. (variable)

Comparison rate from

6.70%

To 25.87% p.a.

3 - 7yr Loan Term

$5,000 - $70,000

Repayments from

$387

Per month for 5 years

Compare now
on Money.com.au
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IMB Bank New Secured Fixed Car Loan

Interest rate from

5.99%

To 6.24% p.a. (fixed)

Comparison rate from

6.34%

To 6.59% p.a.

1 - 7yr Loan Term

$2,000 - $125,000

Repayments from

$387

Per month for 5 years

Compare now
on Money.com.au
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Illawarra Credit Union Online Personal Loan Package Variable - New Secured

Interest rate from

6.00%

p.a. (variable)

Comparison rate from

6.64%

p.a.

0 - 5yr Loan Term

$10,000 - $100,000

Repayments from

$387

Per month for 5 years

Compare now
on Money.com.au
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SWSCU 7 Year Term Vehicle Loan

Interest rate from

6.00%

p.a. (fixed)

Comparison rate from

6.00%

p.a.

7yr Loan Term

$1,000 - $200,000

Repayments from

$387

Per month for 5 years

Compare now
on Money.com.au
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Revolut Personal Loan

Interest rate from

6.17%

To 22.79% p.a. (fixed)

Comparison rate from

6.17%

To 22.79% p.a.

1 - 7yr Loan Term

$5,000 - $50,000

Repayments from

$388

Per month for 5 years

Compare now
on Money.com.au
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The Mac Credit Union New Car Loan

Interest rate from

6.19%

p.a. (variable)

Comparison rate from

6.56%

p.a.

Up to 7yr Loan Term

$1,000 - $100,000

Repayments from

$388

Per month for 5 years

Compare now
on Money.com.au
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Move Bank New car loan

Interest rate from

6.25%

To 6.45% p.a. (fixed)

Comparison rate from

6.52%

To 6.72% p.a.

Up to 7yr Loan Term

$5,000 - $150,000

Repayments from

$389

Per month for 5 years

Compare now
on Money.com.au
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Plenti Personal Loan

Interest rate from

6.28%

To 24.09% p.a. (fixed)

Comparison rate from

6.28%

To 24.99% p.a.

1 - 7yr Loan Term

Up to $50,000

Repayments from

$389

Per month for 5 years

Compare now
on Money.com.au
logo
OurMoneyMarket Car Loan

Interest rate from

6.28%

To 18.99% p.a. (fixed)

Comparison rate from

6.28%

To 21.78% p.a.

1 - 7yr Loan Term

$5,000 - $100,000

Repayments from

$389

Per month for 5 years

Compare now
on Money.com.au
logo
CommBank Secured Personal Loan

Interest rate from

6.29%

To 10.29% p.a. (fixed)

Comparison rate from

7.71%

To 11.66% p.a.

1 - 7yr Loan Term

$4,000 - $120,000

Repayments from

$389

Per month for 5 years

Compare now
on Money.com.au
logo
Great Southern Bank Car Loan

Interest rate from

6.29%

To 12.99% p.a. (fixed)

Comparison rate from

6.43%

To 13.14% p.a.

1 - 7yr Loan Term

$5,000 - $100,000

Repayments from

$389

Per month for 5 years

Compare now
on Money.com.au

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Applying for a motorcycle loan

Money.com.au can help you find a low rate motorbike loan in three simple steps:

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Answer our simple questions about your situation.

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Review your bike loan options side by side.

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It's simple and quick to apply online.

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How do motorcycle loans work?

A motorbike loan is a type of personal loan used to finance the purchase of a motorcycle. These loans are available from banks, credit unions and specialist lenders, with secured and unsecured options to suit different budgets and borrowing needs.

Motorcycle loans work much like car loans and usually offer:

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  • Fixed or variable interest rates
  • check-circle
  • Loan terms from 1–7 years
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  • Borrowing amounts from $2,000 to $100,000
  • check-circle
  • Weekly, fortnightly or monthly repayments
  • check-circle
  • No deposit required
  • check-circle
  • Finance options for new or used bikes

Types of motorcycle loans

When financing a motorbike through a lender, you’ll generally have two main options:

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Secured motorcycle loans

With a secured personal loan, the bike you purchase is used as collateral. Because the loan is backed by an asset, lenders often offer lower interest rates and higher borrowing limits, which can be useful if you’re buying a premium model. The downside is that if you fail to make repayments, the lender can reclaim and sell the bike.

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Unsecured motorcycle loans

An unsecured personal loan is not tied to the bike or any other asset. These loans usually come with higher interest rates and lower borrowing limits, as they carry more risk for the lender. However, they offer greater flexibility, allowing you to use the funds for related expenses such as helmets, riding gear and accessories. Loan terms may also be shorter compared to secured options.

Motorcycle finance: Secured vs unsecured

Interest rates

Secured

Fixed or variable, starting from around 5%

Unsecured

Fixed or variable, starting from around 6%

Loan term

Secured

1–7 years

Unsecured

1–7 years (some lenders may only offer up to 5 years)

Borrowing limit

Secured

Typically up to $100,000 but higher limits can apply

Unsecured

Usually between $5,000 and $60,000

Loan purpose

Secured

To purchase a motorbike

Unsecured

To buy a motorbike, but can also be used to cover a helmet, protective clothing and a luggage system

Fees

Secured

Generally lower

Unsecured

Usually higher

SecuredUnsecured

Interest rates

Fixed or variable, starting from around 5%

Fixed or variable, starting from around 6%

Loan term

1–7 years

1–7 years (some lenders may only offer up to 5 years)

Borrowing limit

Typically up to $100,000 but higher limits can apply

Usually between $5,000 and $60,000

Loan purpose

To purchase a motorbike

To buy a motorbike, but can also be used to cover a helmet, protective clothing and a luggage system

Fees

Generally lower

Usually higher

What are the best motorcycle finance rates?

The best motorcycle finance rates start from around 5.67% p.a. But the actual interest rate you’re charged will depend on your risk profile.

Lenders will consider your credit score, income, expenses, employment status, living situation and other factors about your situation to determine your rate. They will also consider the age and type of motorbike you’re using the loan to purchase.

Our rate comparison table below shows how much of a difference the interest rate can make on your monthly repayments. This is based on some popular motorcycle models in Australia.

Motorbike

Yamaha MT-07 – $15,000

Interest rate (p.a.)

  • 5.5%
  • 7.5%
  • 9.5%

Monthly repayment

  • $287
  • $301
  • $315

Total interest charged

  • $2,191
  • $3,034
  • $3,902

Motorbike

Kawasaki Ninja ZX-6R – $18,600

Interest rate (p.a.)

  • 5.5%
  • 7.5%
  • 9.5%

Monthly repayment

  • $355
  • $373
  • $391

Total interest charged

  • $2,717
  • $3,762
  • $4,838

Motorbike

Triumph Rocket 3 GT Storm – $37,390

Interest rate (p.a.)

  • 5.5%
  • 7.5%
  • 9.5%

Monthly repayment

  • $714
  • $749
  • $785

Total interest charged

  • $5,462
  • $7,563
  • $9,726
MotorbikeInterest rate (p.a.)Monthly repaymentTotal interest charged

Yamaha MT-07 – $15,000

  • 5.5%
  • 7.5%
  • 9.5%
  • $287
  • $301
  • $315
  • $2,191
  • $3,034
  • $3,902

Kawasaki Ninja ZX-6R – $18,600

  • 5.5%
  • 7.5%
  • 9.5%
  • $355
  • $373
  • $391
  • $2,717
  • $3,762
  • $4,838

Triumph Rocket 3 GT Storm – $37,390

  • 5.5%
  • 7.5%
  • 9.5%
  • $714
  • $749
  • $785
  • $5,462
  • $7,563
  • $9,726

Assumes a 5-year loan term with no fees and the interest rate not changing over the loan term.

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Even if the monthly repayment difference seems small (i.e. from 5.5% to 7.5%), the total interest charged can add thousands to your motorbike loan. While the lender will ultimately determine the rate you qualify for, choosing a shorter loan term can greatly cut interest costs – provided you can afford the higher repayments.

What should you look for in motorcycle finance?

Keep these factors in mind when comparing motorcycle finance:
Percent 3 svg

Interest rate

Lenders often advertise their lowest rate, but your actual rate depends on factors like your credit score and application details. Some show a range, while others use “starting from” rates.

Bar chart icon

Comparison rate

This reflects the interest rate plus most fees, giving a clearer picture of the loan’s true cost. Ideally, it should be close to the interest rate, but remember it’s based on standard assumptions that may not match your situation.

Coins hand icon

Features

Check if you can make extra repayments and whether redraws are allowed. Paying extra can reduce interest, but watch for any fees or restrictions.

Coins swap 1 svg

Flexibility

Look at loan term options. Longer terms mean lower repayments but higher total interest. Also, check if the loan can be used for both new and used bikes and whether secured or unsecured options are available.

Why the lowest rate isn’t everything

Money's asset finance expert, Phil Collard

Phil Collard, Personal Loans and Asset Finance Expert at Money.com.au

"The best motorcycle loan is not always the one with the flashiest headline rate. Hidden costs like establishment fees, account-keeping charges, or penalties for paying out early can quickly outweigh any savings. Understanding the borrower’s needs and financial profile is key to finding genuine value. Consider speaking to a personal loan broker or crunching the numbers on a personal loan calculator before jumping in."

Phil Collard, Personal Loans and Asset Finance Expert at Money.com.au

Am I eligible for a motorcycle loan?

Every lender has different eligibility criteria for motorcycle loans, but as a general guide you’ll need to:

    check-circle
  • Be 18 years of age or older
  • check-circle
  • Be an Australian citizen or permanent resident (or hold an acceptable visa)
  • check-circle
  • Have a fixed, verifiable address in Australia
  • check-circle
  • Have a stable source of income that can be verified

If you meet the basic eligibility for a motorbike loan, the lender will assess your application based on your financial position and credit history.

What documents do I need to provide the lender?

Once you’re ready to apply for motorbike finance, you’ll usually need to provide:

    check-circle
  • Proof of identity, such as a driver’s licence, birth certificate, or passport
  • check-circle
  • Proof of income, like your two most recent payslips or latest tax return
  • check-circle
  • Details of any assets you own, such as a home or car
  • check-circle
  • A breakdown of your regular monthly expenses, including mortgage or rent, bills and insurance

If the motorcycle is being used as security, you’ll also need to provide details about the bike, including its age and type.

Self-employed applicants without payslips may need to apply for a low doc personal loan instead. This includes new business owners or seasonal employees.

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Compare motorcycle loans to find your best deal

Get your best offers from multiple lenders at once. There's no obligation and checking your rates won't impact your credit score.

Personal loan guides & resources

Not sure about the next steps? Our guides and resources can help.

FAQs about motorcycle loans

Yes, it’s possible to get a motorcycle loan if your credit is below average. But you may need to consider a specialist bad credit personal loan provider, which will likely have higher rates and fees. If this is the case, you should consider a loan where you can pay it out early.

This may allow you to refinance your loan to a lower rate in the future without penalty.

Generally speaking, borrowers with an extensive and excellent credit history will be eligible for the cheapest motorcycle loans.

You can if you choose an unsecured personal loan. That can include motorcycle safety gear (i.e. helmet), repairs and maintenance. With a secured loan, you generally need to use the funds to pay for the bike itself.

If you already have a motorcycle but want to enhance its performance or style, a motorbike loan could help you fund the upgrades. Some lenders will also let you use it to cover ongoing costs like insurance and registration.

You may have to pay an application fee, ongoing account fees (either monthly or annual), or early repayment fees depending on the lender. Always check the terms and conditions before signing up.

Yes, in most cases you will be able to get a loan to buy a used motorcycle. With a secured loan, the bike will simply need to be under the lender’s cut off age (this varies). Alternatively, unsecured loans usually place no restrictions on the type or age of the motorcycle you purchase.

Yes, a lot of lenders offer pre-approval on vehicle finance. That way you can arrange the finance before you head out to look at motorcycles to buy. It can be a smart way to do it as it means you have a firm budget to work with.

Each lender has different minimum and maximum motorcycle loan amounts, but generally you can borrow from $2,000 up to $100,000. Unsecured personal loans may have lower maximum loan limits of up to $60,000.

But how much you can borrow will depend on factors like your credit history, your income and other expenses.

The average motorcycle loan request in Money.com.au’s database is $18,267.

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.

A truer cost of a loan is found by looking at the comparison rate, which expresses all standard charges (interest plus fees) as a simple percentage. But the comparison rate is based on specific assumptions ($30,000 over a 5-year term) which likely won’t mirror your borrowing profile, so use it as an indicator instead.

Dealer vehicle finance may be convenient but sometimes has higher rates, hefty fees or stricter terms, while banks and lenders generally offer more flexibility and competitive rates. Compare motorcycle finance rates to what the bike dealer is offering to see how it stacks up.

Jared Mullane is a finance writer with more than eight years of experience at some of Australia’s biggest finance and consumer brands. His areas of expertise include energy, home loans, personal finance and insurance. Jared is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821).

Sean Callery is the Editor of Money.com.au. He has over 15 years of international experience. He is qualified with a Certificate IV in Finance and Mortgage Broking (FNS40821) and is compliant to provide general advice in Tier 1 General Insurance (RG 146) products.

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Important Disclosures

Unless otherwise stated, personal loan comparison rates are calculated based on a loan amount of $30,000 repaid over a 5-year term. The comparison rates only apply to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Check with the provider for full loan details, including rates, fees, eligibility and terms and conditions to make sure the product is right for you.

For offers from Money.com.au lending partners, we will match you with lenders and rates based on the information you provide us. This won't affect your credit score. Some lenders displayed are not current Money.com.au partners and we can't guarantee rates from a specific lender.

General information only The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any personal loan product is suitable for you and seek independent financial advice if necessary.

We are not providing you with a recommendation or suggestion about a particular personal loan. You should read the relevant disclosure statements or other offer documents before deciding whether to apply for or continue to use a particular product.

What products, features and information are shown While we make every effort to ensure all personal loans available in Australia are shown in our comparison tables, we do not guarantee that all products are included. Our product comparisons may not compare all personal loan features and attributes relevant to you.

Product information, such as interest rates, fees and charges, is subject to change without notice. We include a link to each provider on our table for you to also be able to see the relevant product information direct with the lender.

How personal loans are sorted and filtered by default Users can easily change the sort order and apply product filters to our product comparison tables. However, when you arrive on a page initially, by default personal loans are sorted by:

    circle-green-tick
  • Lowest loan interest rate, then;
  • circle-green-tick
  • Provider name (A-Z)

Our tables feature all personal loans available from lenders on our database that match the search criteria selected. Lenders do not pay to feature in our tables, nor do we earn commission if you click to visit a lender’s website. The order of the products in the table is not influenced by any commercial arrangements.

If you get a personal loan as a result of visiting this page, we may earn a commission.

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This material has been prepared by Money Pty Limited (ABN 40 664 954 536) (Money, ‘us’ or ‘we’). Money is a corporate authorised representative (CAR 001307399) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C). The material is for general information only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with financial or tax advice and does not take into account your objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Money, any of their related body corporates or any other person. To the maximum extent possible, 62C, Money, their related body corporates or any other person do not accept any liability for any statement in this material.

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Interest rates, fees and charges are subject to change without notice. Before acting on any information, you should confirm the interest rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best” these relate solely to the rates of interest offered by the provider and not on any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.

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Assumptions:

  • The calculations do not account for changes in interest rates or other market conditions that may occur.
  • Results are approximations and may differ from actual payment schedules or amounts.
  • The calculator does not include all fees and charges that you may incur in relation to a financial product.

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  • This calculator does not guarantee the availability of any financial product or the accuracy of the calculations. Please consult a financial advisor or the relevant product provider to obtain specific advice tailored to your circumstances.
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