Motorcycle loan calculator: What will your bike cost you?

Want to know how much a motorcycle loan will set you back? Use our simple calculator to estimate your costs!

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Motorcycle loan calculator: What will your bike cost you?
Last Updated: 15/05/2025
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Crunch the numbers

with our loan repayment calculator

$500
$200,000

Your estimated repayments

$98.62

Total interest paid: Total amount to pay:
$1233.43 $5,143.99

How to get the best interest rate on your motorcycle loan

When you’re looking for a motorcycle loan, the interest rate can make a huge difference to the overall cost of your ride. Lenders take several factors into account when determining your interest rate for your motorcycle, but by focusing on a few key areas, you can improve your chances of securing a competitive deal. Here are some tips to help you get the best interest rate:

  • Maintain a strong credit score

    A good credit score is one of the most important factors lenders look at when determining your loan's interest rate. If your score is strong, you’re more likely to secure a low rate. Staying on top of your repayments, keeping your credit balances low and monitoring your score can help you build you credit rating and open the door to lower interest rates.

  • Keep your loan amount and term in mind

    The size of your motorbike loan and how long you take to repay it can also affect your rate. Smaller loans and shorter terms are often seen as lower risk, which can lead to better offers. 

    While longer terms can lower your monthly repayments, they usually cost more overall because you pay more interest over time. Lenders will also look at your borrowing power – how much you can reasonably afford based on your income, expenses and any existing debts.

  • Choose a new or near-new bike

    While they may cost more to purchase, motorbikes that are brand-new or only one or two years old are more likely to be rewarded with low interest rates. Although the difference in rate may be small compared to an older used motorcycle, when we’re talking about loans worth tens of thousands, even small discounts can be meaningful in the long run.

  • Be asset-backed

    One of the most effective ways to net yourself a lower interest rate is by showing that you’re asset-backed. In most cases, this means you own a house, either outright or with a mortgage. Lenders view property owners as more reliable, so if you’re a homeowner, you could qualify for a better rate.

  • Compare your options with Savvy

    One of the easiest ways to find the best loan rate is to compare your options. Savvy works with a wide panel of reputable Australian lenders, so you can trust us to help you find the right loan for your motorcycle. Our advanced system matches your application to the most competitive offers, so you’ll get the best deal available to you.

Why apply for a leisure loan with Savvy?

Have the hard work done for you

Once you tell us about yourself and the loan you're after, we'll compare offers for you and prepare your formal application.

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