Motorbike Loan? Sorted.

You’ve spotted the motorbike of your dreams. But your bank account can’t quite stretch to cover the price tag. That’s when a motorcycle loan comes in. A lender will offer you the money to make the purchase, and then you’ll repay it plus interest and fees over a period of time.

At Motor Vehicle Finance, we know that you’ll want to get on your new bike as quickly as possible, so our team will be doing everything they can to get the lending sorted pronto.

How long it takes depends on things like how busy lenders are and whether we have all the information we need for your application at the outset. In some cases, we can get a loan turned around in a day.

Lenders aren’t all the same, and it will be vital that you get one that’s a good fit for your situation and circumstances. Our panel of lenders includes Avanti Finance, Heartland, Oxford Finance, Marac, Finance Now, Geneva Finance, UDC, Gem Finance and Community Financial Services. There are lots of options to find a lender that’s a great match.

What you will be charged in interest for your motorbike loan will vary according to your credit history and the security your lender has on the loan, as well as other factors. If they use your motorbike as security, you might get a lower interest rate. In general, interest rates for motorbike loans are likely to range from 9.95% p.a. to 29.95% p.a. To find out what sort of interest rate you might get, complete our application form here.

It’s always a good idea to get an idea of the overall cost of any loan that you’re thinking about taking out.

At Motor Vehicle Finance, you’ll be charged an establishment/introducer fee as well as lender fees.

It might be a good idea to check out our disclosure statement, which you can find here, or look for more detailed information about lender fees here.

To give you an indication, if you had a loan of $5000 over 12 months at 10.95% p.a. with establishment and introducer fees of $495 and a PPSR Fee of $7.39, the total amount to repay would be $5,835.93 which is 12 monthly payments of $486.34.

Lots of people buy second-hand motorbikes, and you can get lending for them as well as those bought from dealers. The team at MVF can help you look at your options.

We have an online calculator designed to answer just this question.

It’s always sensible to make sure that any motorbike loan you take out fits easily into your budget. Our calculator will show you the likely repayments you’ll need to make.

If you’d like to try out other scenarios – maybe a bigger deposit, or a longer loan term – you can look at how that might affect the repayments, too.

We have a team of expert advisers on hand, who can help you consider how any loan fits into your wider financial picture.

Not necessarily. Lenders will sometimes offer no-deposit lending for motorbikes, subject to approval and normal lending criteria. You can put in an application here to see what could be possible.

If you already have a motorbike loan, you can refinance it. Take some time to think about why you want to do so, though. Do you need to reduce your repayments? Do you want to pay the loan off more quickly? Knowing why you want to refinance your motorbike loan is likely to make the process more successful.

Yes, it’s sometimes possible to get a loan with bad credit. We can help you to look at your options.

No, we won’t have any inquiries made or credit reports run until you’ve selected a lender and told us you want to go ahead with the loan.

The team at MVF knows how important a credit score is, and we’ll do everything we can to protect yours!

If you’d like to check out your credit profile, you can use tools such as Clear Score or the platforms offered by credit bureaus. If you spot anything that’s incorrect on your credit record, you can ask to have it fixed – which may be helpful for any future applications!