Personal Use Bike Loans

Dreaming of riding through the streets on your very own motorbike? With a motorbike loan, you can stop dreaming and start riding sooner. A personal loan for motorcycles lets you buy the bike you need right away. 

Finding the right motorbike loan with good rates, terms, and features can be a struggle. Fortunately, Aussie Bike Loans is here to help. We can connect you with our vast network of trusted lenders so you can pick and choose from the best motorcycle loans in Australia. You can save time and money with minimal effort. 

At Aussie Bike Loans, we’ll take care of everything from application to settlement. Just tell us your story and we’ll get you a loan that’s tailored to your financial goals. Apply online to get a quick quote! 

How does a motorbike loan work? 

A motorbike loan lets you purchase a motorcycle by borrowing funds from a lender. This is great for those who don’t want to spend a chunk of their savings on a one-off purchase. Or for those who want to buy a bike now, but don’t have the funds yet. 

Motorcycle loans work similarly to other kinds of personal loans. You borrow a certain amount, and you pay it back plus interest through regular instalments over a set period.  

Depending on your motorbike loan’s features, you can make extra or additional payments to reduce the outstanding balance and decrease the amount of interest you pay. 

As a brokerage, Aussie Bike Loans is here to make sure you get the most out of your loan. This includes finding motorbike loans with features like balloon payments and additional payments. With a balloon payment, you can reduce your repayments to better balance your budget. By making extra or additional payments, you could lessen your loan balance and decrease the amount of interest you pay. Our goal is to get you a motorbike loan that meets your needs whatever they may be.  

If you’ll be using the motorcycle for business, you could claim the depreciation on the bike and loan interest charges on your taxes. Check out our business bike loan options! 

Getting the best deal on your motorcycle loan 

Searching for the perfect motorbike loan can be exhausting. You need to compare countless loans from various lenders to ensure you get the most suitable one. Imagine talking and emailing lender after lender only to find out the loan they offer doesn’t meet your needs. And once you do find an adequate loan, you must go through the application process and settlement which could take a while. 

Aussie Bike Loans is here to do all the work of finding the perfect motorcycle loan for you. You’ll have access to countless lenders across Australia. You’ll get expert advice and can compare loans easily—no hassle! 

All you need to do is tell us your story and what you’re looking for, and we’ll take care of the rest. We’ll manage your application and handle the settlement on your behalf. Get a quick quote now or schedule an appointment. 

Types of motorcycle loans in Australia 

There are different types of motorcycle loans out there each with its own pros and cons. Finding the right one will make your experience more beneficial. Here are some of the different motorbike loans available: 

Secured vs. unsecured motorcycle loans 

Most personal use loans for motorcycles in Australia are secured loans. This means the borrower will use the motorbike they’ve purchased as collateral for the loan. If you default on the loan, the bike you’ve bought could be repossessed. 

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. 

Meanwhile, unsecured loans don’t require any form of collateral. Because there’s no security for lenders, the rates and fees maybe slightly different.

Fixed rate vs. variable rate motorcycle loans 

A fixed rate motorcycle loan means the interest rate on your loan will not change throughout your loan term. Your interest rates won’t increase in a rising market. This type of loan lets you budget better because your repayments will be the same. 

In a variable rate motorcycle loan, the interest rates change based on market trends. They could be higher or lower depending on outside factors.  

At Aussie Bike Loans, our bike finance options come with a range of options including fixed rates, variable rates along with flexible loan terms and repayment frequency. Get a competitive interest rate on a personal bike loan!