Motorbike Finance is a term that covers loan types such as secured loans, unsecured loans, business chattel mortgage and leasing. Motorcycle Loans can give you the option of having the bike as security against the loan or fully unsecured personal loan.

Yes, we have lenders on our panel that can assist with business use motorbike purchases and have provided loans for scooter delivery riders, agricultural farm use or general business use. Your broker can provide information on available business lenders.

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To apply for Motorbike Finance lenders will require some details on the asset you’re looking to purchase as well as your loan information. Generally the more information you can provide to assist your application, the more lenders & loan products will be available for you to choose from.

Additional Information Includes:

Payslips or Tax Returns

Driver’s Licence or Passport

Pension Income

Accountant Letter

You don’t normally need a deposit for motorbike finance and can generally borrow 100% + for accessories or extras for the bike.

It is advisable though if you have some savings or trade in to use it as a deposit toward the new purchase as this will lower the loan amount, reducing the repayments and total interest you will pay over the term.

Balloon payments or residual payment is a lump sum that is payable at the end of the loan term. This reduces your overall monthly repayments throughout the term.

As a guide:

A loan amount of $50,000 with a 0% balloon payment

Approximate Repayments $990 per month

With a 20% balloon ($10,000)

Approximate repayments $850 per month for 59 months + $10000 due as a last payment

A Chattel Mortgage is a loan product commonly used by businesses to purchase assets. The borrower retains ownership of the goods and receives taxation benefits for the business use portion. Loan terms can be from 1 to 7 years and can include balloon payments if required.

We have an extensive panel of lenders and can assist with motorbike finance and loans if you have bad credit, lower credit score or simply the bank has said ‘no’

The minimum loan amount offered is $5000

The minimum loan term is 12 months with a maximum of 84 months (7 years)

You can adjust the loan term to suit your budget.

The age limit for financing motorcycles can vary depending on the lender and local regulations. While some banks / lenders may have minimum age requirements, iCREDIT can consider factors such as creditworthiness and income stability rather than age alone to finance older model motorbikes.