Motorcycle Loans

Personalised Loan Shopping

See which lenders will give you the best motorcycle loan. Instant online results.

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This is a totally free process and will not affect your credit rating.

Motorcycle Loans
Fast, Stress free, No obligation

Here's how easy it is

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One smart-form

Simple & quick, we narrow down the lenders you're eligible for.

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Personalised rates

See multiple lender rates you actually qualify for, all at once.

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Checkout with confidence

After easily comparing, select the lender who best suits you.

MONEY HAS BEEN FEATURED ON:

Our mission

Money.com.au (Money) is on a mission to enable Australian consumers to enjoy an online shopping experience for financial products, starting with personal loans.

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).

Putting you first means:

  • 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.

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Compare personal loan rates

Loan Amount
Loan Terms
Interest Rates
(APR)
Comparison Rates
(APR)
$5,000 - $50,000
18 - 84 months
5.95 - 17.95% 5.95 - 17.95% Get your rate
$5,000 - $50,000
1 - 5 years
6.99 - 20.49% 6.99 - 22.06% Get your rate
$5,000 - $63,000
3 - 7 years
6.49 - 20.45% 7.22 - 21.28% Get your rate
$5,000 - $63,000
12 - 36 months
19.95 - 28% 35.97 - 47.66% Get your rate

Key features of a motorcycle loan:

  • 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

Who is eligible for a motorcycle loan?

  • Australian Permanent Residents (& some visa holders)

  • Must be over the age of 18

  • Earn a minimum of $25,000 a year

Learn more about motorcycle loans

What is a motorcycle loan?

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.

Secured motorcycle loan vs unsecured motorcycle loan

Secured
Unsecured
Maximum amount
Higher
Lower
Rates
Lower
Higher
Use of funds
Only the motorcycle
Any reason; such as insurance, riding gear, or other items

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.

Where to get a motorcycle loan

Most lenders offer motorcycle loans including:

  • Non-bank lenders

  • Motorcycle dealers

  • 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

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.

Motorcycle dealerships

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.

Compare motorcycle loans and rates

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.

How to qualify and apply icon

How to qualify and apply

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.

Summary icon

Summary

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.

In summary:

  • 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.

How much money do you need?

Here are the most popular questions people are asking about motorcycle loans:

Can I get a motorcycle loan if I have bad credit?

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.

How much can I borrow?

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.

Minimum Amount
Maximum Amount
$2,000
up to $75,000

How long can I borrow the money for?

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.

Minimum Term
Maximum Term
2 years
7 years

What fees are included?

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.

That includes:

  • 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

Can I buy other motorcycle equipment with a motorcycle loan?

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.

Can I still get a loan if I’m buying a used motorcycle?

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.

How can I compare motorcycle loans?

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.