Unsecured Motorbike
Loan

Au unsecured  loan is a loan that is not tied to the asset. Because of this the amount you can borrow is usually less than if you were to take out a secured car loan. It is basically a personal loan As there is no asset as security against the loan, unsecured loans often come with higher interest rates than secured consumer loans making the total cost of the loan more expensive.

Au unsecured motorbike loan usually comes with higher interest rates than a secure bike loan. So why opt for an unsecured loan?

Unsecured motorbike loans are ideal for vehicle purchases that don't meet the lending criteria of a secured loan.  Examples of bikes and other vehicles that may be better suited to an unsecured loan include classic bikes, motorbikes that are over 20 years old, and highly modified bikes whose price falls outside of lender comfortability,

Our unsecured bike finance interest rates can vary depending on the age of the bike you are buying, your credit file, credit score, assets and liabilities. Our rates start as low as 6.99%* for new vehicles for business and consumers. While rates vary we have access to a large lender panel and are able to find you the best-unsecured car loan rate to match your vehicle and credit profile. 
_{* based on a commercial contract for a new vehicle with specific criteria.}

With an unsecured loan for business use, you may be entitled to claim GST tax input credits and interest and depreciation costs depending on the percentage use of your motorcycle for business purposes.

For full up-to-date details on  business vehicle finance and tax benefits we recommend you seek professional advice from your accountant, or alternatively, you can visit the ATO

To qualify for finance you need to:

• Be over 18 years old.
• Be an Australian citizen or permanent resident*
• Be currently employed**
• Earn at least $400 per week (after tax)
• Not be in an undischarged bankruptcy or part 9 debt agreement. 
  
  

  *We may be able to help if you have a visa with more than 2 years remaining.
  **Min 1-month permanent employment (full or part-time) with continuation of the same industry (probation periods may be considered) - Or 6 months casual employment.
  *** We may be able to help if you are employed full time and more than half of your bankruptcy period has passed.

Making an application is quick and easy. You just need to have the following documents ready to give to your broker:

• Current Australian Residency Identification 
• Two recent payslips
• One current bank statement 

Not if you are currently in bankruptcy or a Part 9 or 10 debt agreement. However, if you are discharged or more than half of your bankruptcy period has passed we can be able to assist you. Click here for an assessment that will not damage your credit score or call on 1800 2777 6899 and talk to one of our experienced brokers to find a solution. 

Yes, you can. If you are self-employed, you can borrow 100% of your car's purchase value and include extras such as insurance and extended warranties.