Bike Loan – Aussie Loans – Low Rates and Great Service.

Bike Loan – If you’re looking to buy a new motorbike or a used motorbike as your primary form of transport or as a weekend tourer, you may need some bike finance to do this.

We can help you secure the right loan with a great low interest rate and affordable repayments.

So why choose Aussie Loans to assist you with the task?

  • We have a highly experienced team of loan brokers.
  • We arrange genuine cheap bike finance.
  • The Loan can be approved within 2 hours and funded on the same day.
  • Buy through a Motorbike dealer or privately – we won’t lock you into anything.
  • We can come to you during office hours if that helps. We want to save you some time and effort.

What are the benefits of Bike Finance from Aussie Loans?

  • You can select an optimum loan term from 2-7 years.
  • We can arrange and include Bike Insurance in on the loan which keeps your purchase expenses down.
  • A friendly finance consultant will advise you on Loan Protection and discuss the option of working it into the repayment plan.
  • Your loan repayments can be scheduled to line up to your pay day either weekly, fortnightly or monthly.
  • Our financiers pass on wholesale interest rates so that we can beat the Banks.

Which is best – Secured or Unsecured Finance?

Secured Bike Loans: 

The basis for secured bike loan is that the credited loan amount is weighted up against the asset – the Bike itself.

This allows the financier to pass on a lower interest rate because if you are unable to pay the debt back, the asset can be sold and the funds used to payout the loan. The financier is in a stronger position therefore a better deal for you.

Secured Loan Features –

  • No penalty for additional payments although there may be a cost to pay the loan out early.
  • Interest rates are fixed for the life of the loan. They won’t go up if Reserve Bank rates go up.
  • The Title/ownership of the Bike is held in your name – not the financiers name.
  • A deposit may be required but dramatically reduces the rate and cost of repayments.
  • You own the asset from the Loan commencement date.
  • Loan fees can be combined within the loan amount so there is nothing to pay upfront.
  • You can choose the term of the loan to best suit your budget.
  • Have the bike that you want today – loans available up to $100000.

Unsecured Bike Loans:

An unsecured loan does not require the credited amount to be weighed against an asset.

These loans are awarded based on your financial situation using your income and credit history.

In general an unsecured loan can be used for other items you wish rather than a specific item like a car, bike or boat.

This also means you can buy and sell items within the loan term without affecting it. Because there is more flexibility, interest rates are generally higher than secured loans.

Unsecured Loan Features –

  • Available for any person looking for personal credit.
  • You own the asset from the outset.
  • No deposit is required however some financiers cap the loan amount  at $40000 – $60000 – varies from company to company.
  • Additional payments can be made at any time and when done so can decrease the interest
  • You are able to payout the loan before the term ends with no penalty or cost.
  • You can buy one or more assets with the one loan.
  • The loan amount is funded to your account to use on the goods that you wish to buy.
  • Can be used to buy older bikes as well as later model bikes – Collector bikes any age.

Call our friendly team now on 1300 256 267 for a low interest rate Bike Loan.