Unsecured Motorcycle Loan
An Unsecured Motorcycle Loan is simply a personal loan that is used to purchase a motorbike. It is a loan agreement between you and the lender with the term, of up to 7 years, set from the beginning of the agreement. Interest rates are usually fixed. In addition, the option to pay out the loan early adds flexibility to this bike loan option.
This motorbike finance option suits the purchase of older motorbikes, therefore making it a great choice for those looking to buy a pre-owned bike. Some lenders have restrictions on the age of bike that they will finance. In this case, if you looking for an older bike, an unsecured motorcycle loan may be the best or possibly only option available.
Pros of an Unsecured Motorcycle Loan
- Fixed interest rates.
- Flexible loan terms.
- Option to pay out the loan early.
- Terms from 1 to 7 years.
- Suitable for older motorcycles, especially bikes that are over 12 years old in age.
- Finance for unregistered bikes, including dirt, trail and ATV's
- Easier for private sales.
- More flexibility in how the funds can be used.
Cons of an Unsecured Motorcycle Loan
- Higher interest rate due to increased risk for the lender.
- Lower borrowing amounts.
Motorbike Loan Repayment Calculator
Use our motorbike finance calculator to estimate your monthly repayments. By knowing your approximate monthly repayments, you can better budget for your new bike. Hence this helps ensure that your purchase fits within your financial plan.
Determine your motorbike finance amount, loan term in months and an approximate interest rate. Your interest rate is determined by your credit rating and individual credit profile as well as the motorbike you are purchasing.
Apply Now for an Unsecured Motorcycle Loan
- Easy application process
- Quick loan approvals. Most motorcycle personal loans are approved with 24 hours.
- Competitive low interest rates from our large range of lenders.
Call one of our friendly AAA Motorbike Finance Experts to discuss your Motorcycle Personal Loan today on (07) 5493 1222.
Or use our Quick Loan Enquiry Now. and one of our experienced AAA team members will be in contact with you to discuss your individual requirements.
Or apply for a pre-approved motorcycle personal loan online now.
For important information on motorcycle safety and standards in Queensland, check out the Motorcycle Standards page. It is a valuable resource that you can use to ensure your bike meets all legal requirements before purchasing or riding.