Don’t take a stab in the dark planning your bike loan. Get a handle on how much motorbike finance will cost using our simple to use bike loan calculator. Plug in your set of values – loan amount, term and repayment schedule – for an instant idea on how much you’ll be paying. This helps you form an overall picture of your expenditure on a motorcycle loan for the next few years. You may even be surprised!
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by Savvy. It does not take into account your personal or financial circumstances. To apply for a car loan, you must complete our online application. All applications are subject to our lenders' credit assessment criteria. Terms, conditions, fees and charges apply.
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Bike loans are much like car loans and are available for private buyers and business customers. Private customers can apply for pre-approval, so you can use a set amount when negotiating for your chosen bike. This gives you an advantage; a price ceiling, so you don't end up spending too much. Businesses gain access to tax-minimising loan products such as chattel mortgages and hire purchases, which give you options to borrow more than the value of your motorcycle, balloon payments and other benefits. Your financial professional can help you every step of the way.
When comparing bike loans, its easy to just find the lowest number and stick to it. Buyer beware: not all interest rates are what they seem. Some interest rates do not include the different fees and charges you may have to pay, and they can be quite hefty. When you are comparing motorcycle loans, look for the comparison rate, not the bare interest rate. Comparison rates include most fees and charges and give you a better understanding of what you'll owe overall. You'll be able to look at many similar loans at a glance, so you get the best deal.