Handy Finance Motorcycle Loan Calculator

Motorcycle loans are a flexible way to fund the purchase of a new or used motorbike, allowing you to spread the cost over regular, manageable instalments instead of paying a large upfront amount.

At Handy Finance, we offer secured motorcycle loans of up to $100,000, with repayment terms from one to seven years. All our loans have fixed interest rates, so your repayments – whether weekly, fortnightly, or monthly – remain the same throughout the term of your loan, helping you plan your budget with confidence. Plus, there are $0 monthly account-keeping fees and no early repayment or exit fees, giving you the freedom to pay off your loan faster without any extra costs.

At Handy Finance, we only offer secured motorcycle loans. This means the motorcycle you purchase with your loan acts as security, whether it’s brand new or secondhand. Because the loan is secured, you can usually benefit from lower interest rates, making our loans more affordable.

An unsecured loan, on the other hand, does not require any security. This makes it a higher-risk option for the lender and can result in a higher interest rate.

Credit experts calculate the interest rate for any motorcycle loan based on your overall financial situation. This includes factors like your credit history, credit score, employment status, living situation and existing debts.

At Handy Finance, we offer flexible motorcycle financing. If your circumstances change and you want to pay off your loan early, you can do so without any extra cost – there’s a $0 early repayment fee on all our motorcycle loans.

Motorcycle loans can be repaid in monthly, fortnightly or weekly instalments. As all our loans offer a fixed interest rate, this repayment sum will remain the same over the lifetime of your loan. If you need to adjust the repayment schedule of your loan – all you need to do is contact one of our credit experts to let them know you’d like to change. They’ll be able to confirm the new repayment schedule with you and what your new repayment sum will be.

You do need motorcycle insurance if you own and ride a bike. It is illegal to ride your motorcycle in Australia without compulsory third-party insurance. This insurance is not required before you’ve purchased your bike, so proof of insurance is not needed for your motorcycle loan application. In some states, compulsory third-party insurance is included when registering your bike. If you are using your motorcycle, you must purchase the CTP insurance before registering the bike. 

Read carefully the terms and conditions of any third-party policies you take out, as these policies don’t always cover damage to your bike or damage your bike does to another property. Further insurance may be necessary for some riders.