New Motorbike at Sunset

Personal Bike Finance

Looking to get out on the open road on a new motorcycle? Aussie Bike loans can finance any motorbike including Harley DavidsonYamaha, Indian, Suzuki, Kawasaki, BMW, Triumph, Honda, road bikes, dirt bikes, cruisers or any sports bike!

Whether you're buying a brand new motorcycle or a second hand bike, we can provide you with a competitive finance package no matter if you're buying from a dealership, private seller or auction. As representatives of a reputable credit provider that's been in business for over 30 years, Aussie Bike Loans puts the customer first with a fully tailored loan package that suits your individual circumstances.

Our bike finance options come with a fixed interest rate for the life of your loan, flexible loan terms and repayment frequency. Get a competitive interest rate on a secured, personal bike loan and repay over a period of 5 years.

Current Bike Loan Rates

  • Private Bike Finance

    from 6.95%

    comparison 8.49%*
  • Dealer Bike Finance

    from 6.95%

    comparison 8.49%*
  • Commercial Bike Finance

    from 5.7%

    comparison *
 
 

Scheduled weekly, fortnightly or monthly payments can be made by direct debit, cheque, BPAY, internet banking, direct payroll, or cash where applicable. Use our bike loan calculator to get an approximate idea of how much your repayments will be.

Insurance, warranty and loan protection can also be added to your motorcycle loan to protect not only your new purchase, but your loan as well. A deposit is not required in most cases, but it will assist in your approval chances should you have a borderline application.

Buying A Motorcycle

How does the loan work? 

The loan is daily reducible, which means the interest is calculated on the unpaid balance daily, just like a home loan. Any extra or additional payments you make will reduce the outstanding balance and therefore may decrease the amount of interest you pay. This can effectively shorten the term of your loan and reduce the overall cost. And with Aussie Bike Loans, you have the added benefit of a fixed interest rate for the term of your loan, so it won’t increase in a rising market.

Although it’s a personal use loan, depreciation and interest charges could be tax effective claims if the bike is for work related usage (view our business bike loan options).

A variation known as the balloon payment or residual option is also growing in popularity. By setting a balloon payment for the end of the term, which can vary according to individual circumstances, you can reduce your repayments to better balance your budget. At the end of the term, you can either pay out the full amount in one hit or re-finance the balloon amount and continue paying off the bike over a new loan period.

Secured Loans

Most personal use loans for cars, boats, and motorbikes in Australia are 'secured' loans.

As an individual, you’re borrowing money to purchase a tangible item – a motorcycle – which will be used as security for the loan. When you trade-in or sell, you must then payout your loan, and get a new loan if you require money to buy something else.

Secured bike loans generally have a lower interest rate than unsecured loans, because if for some reason the buyer is unable to make their repayments, the lender can sell the purchased asset to recover the remaining unpaid loan amount.

Unsecured Loans

This is a versatile loan as it can be used for nearly any purpose including debt consolidation, holidays, weddings, or some assets that do not qualify for secured loans. There is no security for this type of loan, which means interest rates are higher than secured loans. This is due to the higher risk posed to lenders as there is no collateral or security in case the customer is unable to make their repayments. 

At Aussie Bike Loans, we only provide secured loans, with a minimum loan amount of $5,000. We also provide pre-approved bike finance so you know exactly how much you can borrow before you start shopping around. 

Contact us today to arrange a finance package for your next dream machine or use our easy online application form.


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Disclaimer APPLY NOW

 

Buying A Bike Privately

Read over some of our valuable information before making your decision.

Don't be fooled by 0% bike loans

It may cost you more than expected. Read the facts about the dangers of getting locked in to a 0% loan. Read more

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