A motorbike loan is, as the name suggests, a type of loan designed to help you buy a motorcycle. You can borrow as little as $5,000 up to the full purchase price of the bike (subject to your borrowing power). These loans are secured, so you’ll use your bike as collateral.
Can’t wait to start your next adventure on two wheels? Kick your application into gear with a free, no-obligation quote through Savvy today!
Why apply for a leisure loan with Savvy?
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What types of motorbikes can you finance?
We can help you finance just about any type of motorbike. However, they must meet at least one of our partners’ eligibility criteria. These include:
- Adventure bikes (such as the KTM 890 Adventure R)
- Cruiser bikes (such as the Kawasaki Vulcan)
- Dirt bikes (such as the Honda CRF450R)
- Dual-sport bike (such as the Kawasaki KLR650)
- Quad bikes/ATVs (such as a GMX Sports Quad Bike)
- Scooters (such as the Vespa GST 300 Classic)
- Sport bikes (such as the Harley-Davidson Sportster S)
- Touring bikes (such as the Harley-Davidson Road King)
You can also finance any of the above regardless of whether they’re new or used and purchased through a dealership or private seller.
Crunch the numbers
with our loan repayment calculator
Your estimated repayments
$98.62
| Total interest paid: | Total amount to pay: |
| $1233.43 | $5,143.99 |
How to apply for your motorbike loan with Savvy
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Fill out our simple online application form
Start by telling us about what motorbike you’re after and some information about yourself, like your employment, income, credit score and more.
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Supply any required documents
In some cases, if we need more information to verify parts of your application (such as your income), we may ask for a few more documents. You can submit these through our portal.
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Speak about your finance options with us
From there, your consultant will compare the best offers available for your profile. We’ll give you a call and, if you’re happy with the top choice, we can take the next step.
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Have your formal application prepared and receive approval
Your consultant will put together your application to meet your lender’s specifications and submit it to them. Approval can come as soon as one business day after.
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Signed, sealed and your motorbike delivered
After approval, we’ll send you all the forms to sign, which you can do electronically via our portal. We’ll handle the settlement of the bike and, once that’s done, it’s all yours!
Motorbike loan eligibility and documentation
Eligibility
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Age
You must be at least 18 years of age
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Residency
You must be an Australian citizen or permanent resident (or, in some cases, an eligible visa holder)
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Income
You must be earning a stable income which is enough to comfortably support your repayments (this can start from as little as $20,000 to $26,000 per year)
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Employment
You must be employed and earning a consistent income from your job
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Credit score
You must meet your lender’s requirements related to your credit score
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Motorbike
Your motorbike must meet your lender’s requirements related to type, age and condition
Documents
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Driver's licence
Front and back (or another form of government-issued ID)
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Payslips
Your last two consecutive payslips (or your last tax return if you're self-employed)
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Savvy forms
Your Savvy application, consent form and credit guide (supplied by your consultant)
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Motorbike details
Information about your motorbike, such as its model and age, is handy to have
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Bank statements
90 days of bank statements may be requested, but not always
