Handy Finance Motorcycle Loan Calculator
How much can I afford?
I can afford
Your input indicates possible affordability up to
This is based on weekly payments of $2,000 for 7 years, at 6.3% interest. Click below to begin a finance application.
A quote won’t impact your credit score
4 quick and easy steps to securing your motorcycle loan pre-approval
Take a pre-approval with you for your next purchase
Apply online
Get pre-approval
Make a plan
Repay when ready
Removing barriers for what you need
Get approval in minutes to purchase what you need today.
Minimum Eligibility Criteria
Who can apply?
- Must be over 18 years
- Australian Permanent Resident or Australian Citizen
- Must receive employment income
- Must be for consumer use only
Get started(Opens in a new tab)
A quote won’t impact your credit score
Understanding motorcycle loan calculator at Handy Finance
Kickstart your journey with our easy-to-use motorcycle loan calculator. Estimate your monthly payments and find the perfect loan that fits your budget, making it effortless to finance the motorcycle of your dreams.
Frequently asked questions
Need help with something? Here are our most frequently asked questions.
How accurate are caravan loan calculators?
Our caravan loan calculators provide you with an estimate of what your repayments will look like, depending on the information you input. It should only be considered a guide rather than hard loan terms you’ll secure when you officially apply for your loan. For a personalised quote, consider filling out an application form.
What is motorcycle finance?
Motorcycle loans have been designed to fund the purchase of a new or secondhand motorbike. You can avoid the stress of a large upfront payment by applying for motorcycle finance and having the luxury of paying off the loan over regular, manageable instalments.
At Handy Finance, we offer secured motorcycle loans of up to $75,000 to be repaid over one to seven years. All of our motorcycle loans have fixed interest rates, which means your repayments – whether you choose to pay them weekly, fortnightly or monthly – will remain the same over the lifetime of the loan. This can be a huge help with budgeting. Our credit experts tailor your final loan terms to your financial situation. A major benefit of a motorcycle loan is having the ability to pay off the cost of a new or used motorcycle in manageable instalments, removing a large element of financial stress.
What is the difference between secured and unsecured motorcycle loans?
We only offer secured motorcycle loans at Handy Finance. This means that the motorcycle you purchase with your loan acts as security for the loan. This applies whether the motorbike you purchase is brand new or secondhand. Generally, secured motorcycle loans come with a lower interest rate, making secured motorbike loans a popular option.
An unsecured loan means that the bike you purchase won’t act as security for the loan. This can sometimes result in a higher interest rate for the loan as it’s a riskier option for a lender.
What factors determine the interest rate for motorcycle finance?
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.
Should I secure financing for my car at the dealership or take out a car loan?
This will always depend on your personal circumstances. Going through an authorised online financial provider is always a good idea, as you are protected by certain laws and regulations when applying for your loan. Sometimes dealer financing won’t offer you the same advantages as a car loan. Financing may only be available for new cars, or you may be unable to make extra repayments. It’s also common for dealers to use balloon payments in their financing.
At Handy Finance, we focus on providing you with fast, flexible and fair finance. With low fixed interest rates and affordable repayment terms, our loans are tailored to your financial situation.
Can I pay off my motorcycle loan early?
We believe in flexible financing at Handy Finance, so if you can pay off your motorcycle loan early, we won’t stop you. There is a $0 early repayment fee on all motorcycle loans.
What is the repayment schedule for my motorcycle loan?
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 friendly 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.
Is motorcycle insurance required for motorcycle finance?
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.
Get a rate for your Handy Finance motorycle loan
Get started(Opens in a new tab)
A quote won’t impact your credit score