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Motorbike Loans

If you are looking to obtain a motorbike as your mode of transport or as a way to let your hair down on the weekends, get yourself a personal bike loan with the experts at 360 Financial Services. We are ready to help individuals or businesses secure a motorbike loan to suit your circumstances and your budget.

Low Rate Motorbike Loans

We work with over 30 reputable lenders to bring a choice of loan types and options to suit your needs. You can select from a range of loans including personal motorcycle loans, motorbike leases or motorbike hire and purchase.

There are also financial service options for you to secure your motorcycle using Chattel Mortgage, Commercial Hire Purchase or a Finance Lease. We also offer refinancing options for pre-owned motorbikes to make the swap from old to current a breeze.

Benefits of a Motorbike Loan

A personal motorbike loan offers you peace of mind to secure the bike you want at a price you can afford. Our Financial Consultants will provide you with a number of financial options so you can choose which one is right for you.

  • Information on requirements to borrow or cover out-of-pocket expenses such as insurance and warranties
  • Flexible contract terms from 24-84 months
  • Fixed or variable interest rates available
  • A deposit is optional depending on loan selection
  • Tax deductions for depreciation and running costs may be possible
  • A balloon repayment can be use to decrease your regular repayments

Motorbike Loan terms explained

Secured:

A secured loan is fixed against another asset you already own such as your house, shares or another vehicle. It is often the bike you are purchasing for the current loan that is used to secure the loan. This means there is less risk for the broker and you will enjoy greater flexibility in the rate and conditions with your personal motorbike loan.

Unsecured:

An unsecured loan is not fixed against an asset, including the vehicle for purchase itself. The motorbike loan is determined by your personal financial circumstances. You can choose to use cash or savings to obtain a better deal for the loan too. Also, because the loan is not tied to an asset you are free to sell the vehicle for good or to upgrade without impacting on the initial loan.

Length of loan:

This refers to the total time repayments will need to be made against the loan. The timeframe for your repayments will be based on any deposits, cost of vehicle, interest rate and final balloon payment.

Balloon/Final Payment:

A balloon payment is the final payment made in the schedule of your loan. It is usually higher than the weekly or monthly repayments and results in the ownership of the motorbike being transferred to you completely. The amount of this payment affects the continual repayments as the larger it is the smaller the monthly repayments will be. But you must keep in mind the need to produce the final balloon payment to gain full ownership of the motorcycle.