Motorbike finance interest rates
These are the cheapest motorbike loan interest rates available through Savvy as of August 2026:
Rates correct as of 25 August 2026. Rates are based on a $30,000, five-year loan term. Your actual interest rate will depend on factors including your credit history, financial position, the motorcycle being financed, loan amount, term and the lender's assessment criteria.
How does motorbike finance work?
Motorbike finance works much like any other secured loan. You borrow a set amount to purchase your bike, then repay it, plus interest, in regular instalments over an agreed term. For motorcycle loans, this is usually between one and seven years.
Lenders may allow you to borrow anywhere from $5,000 up to $100,000, though how much you can access depends on the bike you're buying, your financial position and whether you opt for a secured or unsecured loan, as well as your lender’s upper limit.
Secured vs unsecured motorbike loan
| Factor | Secured | Unsecured |
|---|---|---|
| Collateral required | Yes, the motorbike itself | No |
| Borrowing range | $5,000 to $100,000 | $5,000 to $50,000 or $75,000 |
| Interest rate | Lower | Generally higher |
| Best suited to | Any standard bike that meets lender criteria | Older or off-road models |
| What it can cover | The bike purchase itself and certain on-road costs or accessories | The bike and any other bike or non-bike expenses you wish to include |
Most standard road bikes are financed with a secured loan, since the bike itself acts as collateral and reduces the lender's risk. This generally means a lower interest rate and a higher borrowing limit.
An unsecured loan is the more common choice for bikes that don't meet a lender's security requirements, such as older or heavily modified bikes or those that aren’t road registered. It comes with more flexibility, including the ability to bundle in other expenses, but typically at a higher interest rate and a lower borrowing limit.
What types of motorbikes can you finance?
With Savvy, you’ll be able to buy any of the following motorbikes and finance them with a loan through one of our lenders:
- Adventure/dual-sport bikes
- Cruiser bikes
- Dirt bikes
- Quad bikes/ATVs
- Scooters
- Sport bikes
- Touring bikes
Road bike vs dirt bike finance
Although you can take out a loan to buy any of the above motorbike types, they won’t all be assessed the same way by lenders. One clear example is how road bikes are treated compared to dirt bikes. You’re likely to find that the interest rate on a dirt bike loan is higher than what you’d receive on a regular roadworthy motorbike.
There are several reasons for this, but the most obvious is that the way you use your dirt bike leaves it open to damage and potentially being written off. While standard motorbikes have their risks, you won’t be using them to tackle all-terrain obstacle courses or perform tricks. Lowering the value of the bike means your lender could be out of pocket if you become unable to pay off your loan, as they won’t be able to recoup their funds by selling it.
How to finance your dirt bike
"Nearly all dirt bikes require an unsecured loan, as lenders see them more as toys or hobbies than regular vehicles. While this may mean a slightly higher rate, these loans also allow you to include all the gear you need, like a helmet, boots and even a trailer."
How much does motorbike finance cost?
The average motorbike loan taken out through Savvy in 2025-26 was $17,264, with an average rate of 12.39% p.a. You can see how these repayments look compared to new and used motorbike loans in the table below:
| Motorbike | Loan amount | Loan term | Interest rate | Monthly repayment | Interest payable |
|---|---|---|---|---|---|
| All motorbikes | $17,264 | 5 years | 12.39% p.a. | $387 | $5,982 |
| New motorbike | $18,071 | 5 years | 11.55% p.a. | $398 | $5,802 |
| Used motorbike | $16,425 | 5 years | 13.61% p.a. | $379 | $6,307 |
| Interest rates based on average rate available for each asset type through Savvy in the 2025-26 financial year. These aren’t necessarily reflective of the rates you’ll receive on your loan. Calculations are for illustrative purposes only and don’t include loan fees. | |||||
However, there are several key factors that affect what your motorbike loan will actually cost:
- Interest rate: your rate will go a long way towards determining the cost of your loan and is influenced by factors like your credit history, income and whether you're a property owner.
- Fees: most lenders charge an establishment fee, and some also charge an ongoing monthly or annual fee for the life of the loan.
- Loan term: a longer term lowers your monthly repayments but increases the total interest you'll pay over the life of the loan.
- Loan amount: the more you borrow, the more interest you'll accrue at the same rate and term.
- Additional payments: paying above the minimum required amount could help you save considerably on interest, provided your lender doesn’t hit you with an early termination fee.
What is a good interest rate for a bike loan?
The lowest motorcycle loan rate available through Savvy is currently 6.95% p.a., as of August 2026. However, as you can see in the table above, the average rate for a borrower approved through Savvy in the 2025-26 financial year was 12.39% p.a.
In reality, the best rate for one person is likely to be different to the next, as it comes down to factors like:
- Your income
- Your employment history
- Your credit score and history
- The size of your loan
- The age and condition of your bike (the average model year of bikes financed through Savvy in 2025-26 was 2023, but the median was 2025 given more new bikes were purchased)
- Whether you own your home
The cost of financing your motorbike: new vs used
Whether your bike is new or used will also have a significant say in its overall cost. You can see how much of a difference opting for a brand-new or four-year-old bike makes for the following models:
Yamaha MT-07 LAMS
| Year | Price | Interest rate | Monthly repayment | Overall interest |
|---|---|---|---|---|
| 2022 | $11,000 | 13.61% p.a. | $254 | $4,224 |
| 2026 | $14,000 | 11.55% p.a. | $308 | $4,495 |
|
2022 2026 |
|
$11,000 $14,000 |
|
13.61% p.a. 11.55% p.a. |
|
$254 $308 |
|
$4,224 $4,495 |
Kawasaki Z900RS SE
| Year | Price | Interest rate | Monthly repayment | Overall interest |
|---|---|---|---|---|
| 2022 | $17,000 | 13.61% p.a. | $392 | $6,528 |
| 2026 | $21,000 | 11.55% p.a. | $462 | $6,742 |
|
2022 2026 |
|
$17,000 $21,000 |
|
13.61% p.a. 11.55% p.a. |
|
$392 $462 |
|
$6,528 $6,742 |
Harley-Davidson Low Rider S 117
| Year | Price | Interest rate | Monthly repayment | Overall interest |
|---|---|---|---|---|
| 2022 | $24,000 | 13.61% p.a. | $554 | $9,216 |
| 2026 | $31,000 | 11.55% p.a. | $683 | $9,953 |
|
2022 2026 |
|
$24,000 $31,000 |
|
13.61% p.a. 11.55% p.a. |
|
$554 $683 |
|
$9,216 $9,953 |
Prices for listed new and used models sourced in August 2026 from bikesales. Interest rates based on average new and used motorbike loan rates approved for good credit applicants through Savvy in the 2025-26 financial year. Calculations based on a five-year loan term and do not include other purchase costs such as loan fees, boat registration and more.
Even with a relatively small loan, you can see that an increased interest rate impacts your repayments. For instance, on the Yamaha MT-07 LAMS, you’d only end up paying just under $60 extra per month and $360 extra over five years by opting for the model that costs $3,000 more.
Motorcycle loan calculator
Your estimated repayments
$98.62
| Total interest paid: | Total amount to pay: |
| $1233.43 | $5,143.99 |
Why apply for a leisure loan with Savvy?
How to apply for your motorbike loan with Savvy
-
Apply online
Complete our online form and tell us about the bike you want.
-
Supply documents
Send through any documents we need to verify your profile.
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Talk to your broker
We’ll call you to discuss your motorbike finance options.
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Have your application prepped
Your broker will put everything together and send it to the lender.
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Sign on the dotted line
Once it’s approved and settled, all that’s left is to get your bike!
Motorbike finance eligibility and documentation
Eligibility
- You must be at least 18 years of age
- You must be an Australian citizen or permanent resident (or, in some cases, an eligible visa holder)
- You must be earning a stable income which is enough to comfortably support your repayments (this can start from as little as $480 per week)
- You must be employed and earning a consistent income from your job
- You must meet your lender’s requirements related to your credit score
- Your motorbike must meet your lender’s requirements related to type, age and condition
Documentation
- Front and back of your driver's licence (or another form of government-issued ID)
- Your last two consecutive payslips (or your last tax return if you're self-employed)
- Information about your motorbike, such as its model and age, is handy to have
- 90 days of bank statements may be requested, but not always
Financing your motorbike before you get your licence
"If you plan to purchase a motorbike, but don’t have your learner’s permit (Ls) yet, you will likely need to take out an unsecured loan like you would with a dirt bike."
