Motor Bike Loan
Motor Bike Loan
Loans Today know how to give you the BEST chance of getting approved. Great rates and expert knowledge.
Motor Bike Loans which are secured by the motor bike itself are known as a ‘Secured Loan’. The interest rate will often vary depending on the age of the motor bike, as new motor bikes are regarded as being better security.
Some lenders have restrictions on the age and/or value of the bike that can be financed with a Motor Bike Loan and they are often available only for newer used or new motor bikes.
Those who don’t qualify for a Motor Bike Loan may be able to use an unsecured personal loan, though this carries a higher interest rate. Loans today can help you organise a secured or unsecured personal loan.
Interest rate
Motor Bike Loan is assessed individually and given a credit score that determines the rate.
Repayment
Loan repayments are usually split across the life (term) of the loan. You can choose a loan term between 3 and 7 years.
Securities
Motor Bike Loans are secured by the vehicle that you are purchasing.
Other Conditions
Borrower has to be an Australian Citizen with a regular income. ASIC (NCCP) requirements will be applied such as serviceability calculations and verification of income and assets.