Motorcycle Loans

Secured loans with fixed rates are the best choice for motorcycle finance. They give you the same weekly, fortnightly or monthly payments and usually come with lower interest rates because the bike itself is used as security for the loan. This makes buying your motorbike more affordable in the long run.

With Handy Finance, motorcycle finance means you don’t have to pay the full price of the bike all at once. Instead, you pay back the cost of the bike, plus interest, over an agreed period. This breaks down the cost into manageable payments, making it easier to get your dream bike without a big financial burden upfront.

A motorcycle loan from Handy Finance lets you get your bike right away. You can spread the cost over time, which makes the purchase easier to handle financially. This way, you can enjoy riding your new bike without stressing about paying the full cost all at once.

Another benefit is that Handy Finance Motorcycle Loans are all secured, which means you’ll generally receive a lower fixed interest rate than if you chose an unsecured loan. Taking out a loan will also go a long way in establishing a positive credit history – you’ll have successfully proved to any future lenders that you’re trustworthy and can make repayments on time. It will only make it easier to apply for loans in the future, one with a more favourable interest rate, too. 

You can use a Handy Finance Motorcycle Loan to buy a new or used bike. Our loans are flexible and designed to help you get the motorcycle that fits what you want and need, whether it’s for commuting, touring, or just for fun.

At Handy Finance, we offer secured fixed-rate loans for financing motorcycles. This means your bike will act as collateral for the loan but will help secure lower interest rates. These fixed-rate loans mean your repayments are the same each week, fortnight, or month, making it easier for you to plan your finances throughout the loan term.

Applying for a motorcycle loan with us is straightforward. Apply online and receive a free quote to give you a better idea of what your specific loan terms might be. This will be ready for review in a few minutes. You can complete the application online if you’re happy with your quote. You must submit your ID and proof of income as part of your application. There will be a short wait while our loan experts evaluate your application. Our team will let you know as soon as your application is approved! Within 24 hours, the funds for your loan will be in your account. Getting you on your motorbike sooner is a quick and easy process.

When you apply for a motorcycle loan with us, you’ll need to provide some basic documents. This includes ID, like a driver’s licence or passport, and evidence of your income, such as bank statements. 

Handy Finance needs your bank statements so they can verify your income before finalising your application. We do this using the Illion Bank Statement service. Submitting statements via this service is secure, and we will receive three months’ bank statements, which will help us finalise your loan. It’s important to note that neither Handy Finance nor Illion can make transactions to your account. 

You can also manually upload three months’ worth of bank statements to our application portal, but this will increase the processing time of your application. More information can be found at bankstatements.com.au.

Our approval process is fast and efficient. You’ll receive an indicative decision in minutes. If approved, the funds should be in your account within 24 hours, so you won’t have to wait long to start shopping for your motorcycle.

Getting pre-approval on a motorbike loan means that your lender has agreed – in principle – to lend you money towards purchasing a motorbike. However, the loan hasn’t proceeded through to final approval.

Handy Finance will be able to provide you with an indication of what you will be able to borrow. This gives you the flexibility to start looking at motorbikes with confidence, having a better idea of your full budget. 

You can start the process for pre-approval with Handy Finance online – it should only take five minutes. There will be questions about your current employment and income, which will give our loan experts a better idea of your overall financial situation. Pre-approval isn’t a definitive approval, but it can give you a more complete picture of your borrowing power. Our pre-approvals last for 1 month, giving you plenty of time to find the perfect bike. Once you’re ready to buy, we can settle your funds within 24 hours.

The amount you can borrow with a Handy Finance Motorcycle loan varies. It depends on things like your credit score, how much you earn, and the price of the bike you want. We’ll look at all these factors to work out a loan amount that fits your financial situation and is easy for you to pay back within our borrowing amounts, which are between $2,001 to $75,000.

With Handy Finance, you don’t need to worry about a down payment for your motorcycle loan. We offer options that don’t require any deposit upfront, making it easier for you to get your bike without added financial pressure.

To be eligible for a Handy Finance Motorcycle Loan, applicants generally need to show a stable source of income, a positive credit history, and the ability to make regular repayments. Your ability to provide the necessary documents and meet our lending criteria is crucial to your loan approval.

Security is required when you take out a motorcycle loan with Handy Finance. The motorcycle will usually serve as the security or collateral for the loan. This means that if, for some reason, you’re unable to make your loan repayments, Handy Finance may repossess the motorcycle to recover the costs of the loan. Having the loan secured against the motorcycle allows us to offer you more competitive interest rates.

Yes, you can use Handy Finance for motorbike finance even if you’re buying from a private seller. We’ll help you with all the necessary steps, making sure everything is done right, from paperwork to checks.

No, you won’t face any extra fees if you decide to pay off your Handy Finance motorcycle loan faster. This means you can reduce your loan quicker and save on the total interest you pay without worrying about additional charges.

Refinancing your current Handy Finance Motorcycle Loan is definitely an option. We can take a look at your current loan and see if there’s a better deal that suits your financial situation now to help you get a better loan term.

Motorcycles lose value over time, but how fast they depreciate depends on the brand, model, and how well they’re looked after. New bikes lose value much quicker, especially in the first two years. But if you have a well-kept, premium-brand bike with low mileage, it might not lose value as fast. If you’re planning to keep the bike for a long time, depreciation may not be as big a factor in your decision-making.

You’ve got plenty of choices for where to buy your motorcycle. Handy Finance can work with your choice, whether it’s from a dealership, a private seller, or an online marketplace. We’re here to help, making sure your finances fit with where you decide to buy your bike.

A comparison rate helps you understand the real cost of a loan. It’s a single percentage that combines the interest rate and any extra fees. This gives you a better idea of what the loan will actually cost you. When you’re looking at different motorcycle finance options, the comparison rate is useful because it shows you the total cost, not just the interest rate. At Handy Finance, we only add an establishment fee – there are no other hidden fees in our personal loan options.

You can choose a motorbike finance term anywhere from 1 to 7 years. The length of your loan affects how much you pay each week, fortnight or month and the total interest over time. If you want to get an idea of what your loan details could look like, make use of our personal loan calculator. 

You can, as long as the main purpose of your loan is still to buy a motorbike. If you think you’ll want to include purchasing additional safety gear or accessories with your motorbike loan, speak to one of our loan experts! We would assess these applications on a case-by-case basis, to see if we can include those costs in your motorbike loan, or if there is another personal loan option that would work better for you.