Calculate your motorbike loan repayments
Like car loans, motorbike loans are a fairly simple financial product: borrow to buy your motorcycle, choose your loan term and repay it with interest in instalments each month. There are, however, many variables at play that can make it difficult to determine what your loan will actually cost.
We can help you work out how each of these variables affects the cost of your loan both month-to-month and overall. Change up the loan term to find out which suits you, get an idea of the amount you can afford to borrow and determine whether you can (and should) make a deposit with our calculator now.
Some of the features of Savvy's motorbike finance
You’ll be able to access financing for up to 100% of your bike’s purchase price, as well as potentially covering other costs such as insurance and rego.
By locking in a low rate at the beginning of your term, you can enjoy consistency and affordability across your motorbike finance repayments.
You get to decide the length of your repayment period, with any option available between one and seven years to shape your monthly instalments.
If you need a motorcycle for your business, we’re partnered with lenders who offer commercial products such as chattel mortgages and bike leases.
From the submission of your quick quote to the release of funds to your seller (and transfer of ownership to you), the process can take as little as 48 hours.
Used motorbikes can be purchased either from a dealership or private seller, opening you up to accessing a greater number of options on the market.
Because your motorbike loan is secured by the purchase of the motorbike itself, you’ll be charged a lower interest rate and afforded a greater borrowing capacity.
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How to reduce your motorbike loan interest rate
Maintain a strong credit score
One of the key factors in any financing agreement is your credit score, which is reflective of your record over the past few years when it comes to servicing debt such as loans and bills. The better you are at paying these on time and in full, the better your credit score will be and thus your interest rate too.
There are other factors that can impact this, such as the credit limits on your cards, but there are ways that you can improve it if it’s not perfect. For one, paying out any outstanding debts will remove a burden on your score, while lowering your available credit on your cards can also help you increase your score.