Motorbike Loan Repayment Calculator

Don’t take a stab in the dark planning your bike loan. Get a handle on how much motorbike finance will cost using Savvy's simple bike loan calculator.

No obligation. It won't affect your credit score.
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, updated on August 24th, 2023       

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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.

Your estimated repayments


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

Some of the features of Savvy's motorbike finance

Borrow up to your motorbike’s value

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.

Competitive interest rates

By locking in a low rate at the beginning of your term, you can enjoy consistency and affordability across your motorbike finance repayments.

Choose your loan term

You get to decide the length of your repayment period, with any option available between one and seven years to shape your monthly instalments.

Buy your motorcycle new or used

Whether you’re after the latest Yamaha Supersport model out of the dealership or an older Harley-Davidson, you can be approved for financing.

Available for business purchase

If you need a motorcycle for your business, we’re partnered with lenders who offer commercial products such as chattel mortgages and bike leases.

Rapid approval time

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.

Available through dealers or privately

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.

Secured financing

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.

Why so many Australians choose Savvy?

How to reduce your motorbike loan interest rate

Frequently asked motorbike loan questions

What costs will I need to budget for with a motorcycle loan?

Loans can come with fees on top of your interest that form part of the cost of financing, which include:

  • Establishment fee of up to $600
  • Ongoing fees of up to $20 per month
  • Early repayment fees of up to $600 to $900
  • Late payment fees of up to $50


All of these bar late fees are waived by certain lenders. There are also other on-road costs that you’ll need to budget for, such as insurance, petrol, rego, protective gear and more.

Are motorbike loans still available to bad credit borrowers?

Yes – we can still help you get approved with one of our many flexible lenders who work with customers with less than perfect credit histories. While you’re likely to receive a higher interest rate and greater restrictions surrounding your borrowing, it’s still a fast and effective finance solution.

This also extends to borrowers who derive some (or all) of their income from Centrelink benefits. You can check with your Savvy consultant as to whether your Centrelink income is eligible to be counted towards your motorbike loan.

Should I apply for financing directly from my dealership?

Dealership finance isn’t always the best option when it comes to sourcing a loan for your motorbike. Dealers can often advertise 0% or very low interest rates to entice you but, in reality, the inflated cost of the bike and increased fees can result in you paying more for your loan than you would’ve otherwise.

These rates are also often only in effect for the first six to 12 months, after which they revert back to standard or more expensive interest.

How old can my motorbike be?

You can generally purchase a motorbike under finance up to 15 to 20 years of age with a standard secured loan. However, if you’re looking at a model beyond that age, you can apply for an unsecured personal loan to cover the cost of your bike. Because these loans come with no restrictions on how you use them, you can purchase a bike of any age or model up to $50,000. These loans do charge higher rates than secured loans, however.

Can I be pre-approved for my loan?

Yes – private customers can apply for pre-approval, which gives you a set amount to use when negotiating the cost of your chosen bike. This gives you an advantage: a price ceiling, which prevents your seller from charging much beyond your repayment capacity. You can get pre-approved with one of our lenders within just 24 hours of submitting your quick quote.

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