You can finance a bike through a secured loan, where the bike is used as collateral, or unsecured, offering more flexibility. A secured loan often comes with lower interest rates, while an unsecured loan might be better if you don’t want your bike tied to the loan. Some people use a general “vehicle loan” product for motorcycles if the lender allows, but Ausloans can match you with lenders that specifically fund motorcycles for more competitive terms. Pre-qualify for lenders with no credit score impact and no obligation.

A motorcycle loan is a form of asset finance where a lender gives you funds to purchase a motorbike, which you repay over an agreed term (usually 2–7 years). Secured loans use the bike as collateral, offering lower rates. Unsecured loans don’t require collateral and can be used for eBikes and eScooters but may cost more. The process generally involves having your eligibility assessed (credit score, income, loan amount), receiving loan offers, and then finalising the loan with your chosen lender. Ausloans walks you through the full process and you can compare over 70 lenders with no impact to your credit score.

When applying for finance, having the right documents ready can make the process much faster and smoother. Lenders need to verify your identity, income, and financial position to assess your ability to repay the loan.

Typically, you’ll be asked to provide the following:

• Proof of identity – such as your current driver’s licence or passport.

• Proof of income – for example, recent payslips if you’re employed, or tax returns and financial statements if you’re self-employed.

• Bank statements – usually covering the last three months, to demonstrate your spending habits and financial stability.

• Vehicle details – including the make, model, year, and purchase price of the car you’re buying.

If you’re applying for  business bike finance, lenders may also request your ABN, business activity statements (BAS), and evidence of trading history.

To see a detailed breakdown of exactly what’s required for both personal and business motorbike finance, read our full guide here: Comprehensive Article on Required Documents for Car Loans.

A personal loan is a flexible way to finance a motorcycle. Unlike secured bike loans, personal loans don’t require the bike as collateral, which means you have more freedom if you plan to sell or modify the bike. This is especially useful for purchasing eBikes, eScooters, older bikes, private sale bikes, or bikes that don’t meet a lender’s secured finance criteria. You can also use a personal loan to fund additional costs like riding gear, insurance, and modifications. However, interest rates are often higher than secured loans.

Putting down a deposit isn’t a requirement for most bike loans, but it can help. A deposit reduces your loan amount, lowers your monthly repayments, and may even improve your approval chances. At Ausloans, we can help you compare both no-deposit and low-deposit options from over 70 lenders.

A secured car loan is backed by the motorcycle you're buying — this typically allows for lower interest rates. If you default, the lender can repossess the bike. An unsecured loan doesn’t require security, so it’s more flexible but often more expensive. We’ll help you compare both based on your credit profile and goals.

Early loan repayment can help you save on interest, but some lenders apply fees for paying out the loan ahead of schedule. At Ausloans, we’ll show you which lenders allow early repayment with no penalties and help you choose a loan that works best for your long-term financial strategy.

motorcycle loan approval time can vary based on your financial profile and how quickly you submit your documents. At Ausloans, most customers are matched with lenders and receive conditional approval within 1 business day. Some approvals may take longer if additional verification is required. Submitting your application online with all necessary details speeds things up.

Having bad credit doesn’t mean you’re out of options. Ausloans partners with over 70 lenders, including those who consider applicants with defaults, low scores, or limited credit history. We use our smart Zink software to match your credit profile with lenders most likely to approve your loan — giving you a real chance to get back on the road.

Balloon payments let you reduce your monthly repayments by deferring a portion of the loan to the end of the term. While this lowers your regular instalments, you’ll need to pay a large lump sum at the end. It’s popular for businesses or those planning to upgrade vehicles. Ausloans can help you compare car loan options with and without balloon payments to suit your budget.

Beyond the interest rate, bike loans can include setup fees, account-keeping charges, and sometimes early repayment penalties. Ausloans helps you understand the true cost by showing comparison rates, which factor in most fees and charges. We’ll help you avoid hidden costs by comparing real offers from Australia’s top lenders — all in one place.

There’s no single score that guarantees approval, but a higher score (650+) can unlock lower interest rates and more flexible terms. Ausloans works with lenders who cater to a range of credit profiles — including those with low or recovering scores. When you apply, our Zink platform matches your unique credit profile with suitable lenders without damaging your score.

Refinancing your motorcycle loan means replacing your current loan with a new one, ideally with better terms. This can help reduce your monthly repayments, shorten your loan term, or save on interest. Some lenders allow refinancing at any time, while others may require you to wait 6–12 months. It’s worth comparing the benefits against any exit or setup fees before deciding. Our finance specialists can help you find the best motorcycle loan for your credit profile and walk you through the refinance process.