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Motorbike Loan Calculator

Calculate your motorbike, scooter, or e-bike loan repayments in seconds with our easy-to-use calculator.

Use our free motorbike loan calculator

Calculate Your Motorbike Loan Instantly

See your monthly payments, interest, and total cost in seconds—no surprises, just clarity. Plan your motorbike purchase with confidence. Compare rates, terms, and monthly payments instantly.
$10,000$500,000
1 year7 years
Payment Frequency
Weekly repayments*

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Total repayments

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Total interest

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*Estimate only and should not be relied on as true indication of your loan repayments, or a quote or indication of pre-qualification for any loan products. Based on loan amount and interest rate provided.

Get accurate loan estimates instantly

Ready to hit the road on two wheels? Whether you’re eyeing a new Harley-Davidson, a zippy scooter for city commutes, or an eco-friendly e-bike, our comprehensive motorbike loan calculator helps you understand exactly what your repayments will be before you commit to any loan. Knowing your numbers gives you the confidence to negotiate better deals and budget effectively.

Why use our calculator?

  • Completely free – No hidden costs or signup requirements
  • Instant results – See your repayments in real-time as you adjust the numbers
  • Multiple scenarios – Compare weekly, fortnightly, or monthly payment options
  • Australian-focused – Built specifically for the Australian motorbike loan market

How our motorbike loan calculator works

Step 1: Enter your loan details

Input the bike's price, your deposit amount (if any), and your preferred loan term. Don't worry if you're not sure about exact figures – you can easily adjust them to see how different amounts affect your repayments.

Step 2: Set your interest rate

If you already have a rate in mind, enter it here. If not, our calculator will show you typical rates based on current market conditions. Remember, your actual rate may vary based on your credit history and the lender you choose.

Step 3: Choose your payment frequency

Select whether you'd prefer weekly, fortnightly, or monthly repayments. Many Australians find that more frequent payments help them budget better and can reduce the total interest paid over the loan term.

Step 4: Review your results

See your estimated repayments, total interest costs, and the overall cost of your loan. Use this information to determine what's comfortable for your budget.

Step 5: Compare and apply

Ready to move forward? Compare actual loan offers from our panel of 40+ lenders and apply for the one that best suits your needs.

Understanding your motorbike loan options

Secured vs unsecured motorbike loans

Secured motorbike loans use the vehicle as security, typically offering lower interest rates but with the risk that the lender can repossess the bike if you default.

Unsecured loans don’t require the bike as security but usually come with higher rates. Some lenders may only offer secured loans for newer bikes (typically less than 2-7 years old).

New vs used bike financing

New motorbikes often qualify for the lowest interest rates, sometimes with special promotional offers from manufacturers. Used bikes may have slightly higher rates, and very old vehicles (typically over 7-10 years) might not be eligible for standard motorbike loans. In these cases, an unsecured personal loan might be your best option.

Fixed vs variable rates

Most motorbike loans in Australia offer fixed interest rates, meaning your repayments stay the same throughout the loan term. This makes budgeting easier and protects you from rate rises. Variable rates are less common for motorbike finance but may offer more flexibility.

Smart strategies to reduce your motorbike loan costs

Make a larger deposit

Every dollar you put down reduces the amount you need to borrow. A deposit of 10-20% can significantly lower your repayments and reduce the total interest you’ll pay. It also shows lenders you’re a responsible borrower, which may help you secure a better rate.

Choose the right loan term

Shorter loan terms mean higher repayments but less interest overall. Longer terms reduce your weekly or monthly payments but cost more in total interest. Our calculator helps you find the sweet spot for your budget – typically between 3-5 years for most riders.

Consider extra repayments

If your loan allows extra repayments without penalties, paying even $20-50 extra per week can shave months off your loan and save hundreds in interest. Check the loan terms before applying to ensure this flexibility is available.

Shop around for the best rate

Interest rates can vary significantly between lenders. Even a difference of 1-2% can save you hundreds or thousands of dollars over the loan term. That’s why comparing offers from multiple lenders is so important.

What affects your motorbike loan interest rate?

Your credit score

A higher credit score demonstrates to lenders that you’re a reliable borrower, often resulting in better interest rates. If your score needs improvement, consider waiting a few months while you work on it – paying bills on time and reducing credit card balances can help.

The bike’s age and value

Newer bikes typically qualify for lower rates because they hold their value better, providing better security for the lender. Bikes over 7-10 years old may only qualify for unsecured personal loans with higher rates.

Your employment and income stability

Lenders prefer borrowers with stable employment and sufficient income to comfortably make repayments. Having a permanent job or long-term contract work in your favour, while casual or irregular income may result in higher rates.

Loan-to-value ratio

If you’re borrowing close to 100% of the bike’s value, you may face higher rates than someone borrowing 70-80% of the value. This is where a decent deposit really helps.

The type of bike

Some lenders offer better rates for certain types of bikes. Road bikes and touring motorcycles may qualify for lower rates than high-performance sports bikes, which are considered higher risk.

Budgeting beyond your loan repayments

Ongoing vehicle costs to consider

Your loan repayment is just one part of motorbike ownership costs. Budget for:
  • Registration and insurance – Typically $500-$1,500 annually depending on your state, bike type, and coverage level
  • Fuel costs – Generally more economical than cars, but still budget $20-60 per week depending on your riding habits
  • Maintenance and repairs – Budget $800-$2,000 annually for services, tyres, chain maintenance, and unexpected repairs
  • Riding gear – Quality helmet, jacket, gloves, boots, and pants can cost $1,000-$3,000 initially
  • Depreciation – New bikes lose value rapidly in the first few years

Creating a realistic budget

Use our calculator to ensure your loan repayments fit comfortably within your budget, leaving room for these additional costs and your other financial goals. A good rule of thumb is that your total motorbike expenses shouldn’t exceed 15-20% of your take-home income.

Types of bikes and typical loan amounts

Road bikes and cruisers
Popular models like Harley-Davidsons, Yamaha Road Stars, and Honda Shadows typically cost $15,000-$40,000 new. Used models can range from $5,000-$25,000 depending on age and condition.
High-performance models like Kawasaki Ninjas, Yamaha R-series, and Suzuki GSX-Rs range from $12,000-$30,000 new, with used options from $4,000-$20,000.
City-friendly scooters like Vespas, Honda PCXs, and Yamaha NMAXs typically cost $3,000-$12,000 new, making them an affordable entry point for new riders.
Growing in popularity, electric options range from $2,000-$8,000 for quality models. Many lenders now offer financing for these eco-friendly alternatives.
Long-distance models like BMW GS series, Honda Africa Twins, and Triumph Tigers can cost $18,000-$35,000 new, with extensive features for serious riders.

Frequently asked questions

Most lenders offer motorbike loans from $2,000 to $50,000, though some may go higher for premium bikes. Your borrowing capacity depends on your income, expenses, credit history, and the bike’s value. Generally, lenders want to see that your repayments won’t exceed 30-40% of your income after other expenses.
Motorbike loan terms typically range from 1 to 7 years, with 3-5 years being the most common choice. Shorter terms mean higher repayments but less interest, while longer terms reduce weekly costs but increase total interest. Choose a term that balances affordable repayments with minimising interest costs.
While not always required, a deposit of 10-20% can help you secure better interest rates and reduce your loan amount. Some lenders offer 100% financing, but this usually comes with higher rates and may only be available for newer bikes or borrowers with excellent credit.
Yes, though your options may be limited and rates higher. Some lenders specialise in helping people with poor credit histories. Consider improving your credit score before applying if possible – even waiting 3-6 months while building better credit habits can result in significantly better rates.
Typically, you’ll need proof of identity (driver’s licence, passport), income verification (recent payslips or tax returns for self-employed), bank statements showing your financial position, and details about the bike you’re purchasing. Some lenders may require additional documentation depending on your circumstances.
This depends on the lender and loan type. Secured motorbike loans often require purchase through a licensed dealer, but unsecured personal loans can typically be used for private purchases. Check the lender’s terms before applying if you’re buying privately.
Contact your lender immediately if you’re having trouble with repayments. Many offer hardship programs or payment holidays. Ignoring the problem can lead to default, damage to your credit score, and potential bike repossession for secured loans.
Pre-approval gives you a clear budget when shopping and can strengthen your negotiating position with dealers. It also helps you understand what you can afford before falling in love with an expensive bike. Pre-approval typically lasts 30-90 days and doesn’t commit you to taking the loan.
Some lenders allow you to borrow slightly more than the bike’s purchase price to cover riding gear, registration, and insurance. Others may restrict the loan to the bike’s value only. An unsecured personal loan gives you more flexibility to use funds for related expenses.
Yes, many lenders place age restrictions on bikes eligible for secured loans. Common limits are 2-10 years old, depending on the lender. Older bikes may only qualify for unsecured personal loans with higher interest rates. Check individual lender requirements before applying.
A comparison rate combines the interest rate with most upfront and ongoing fees to give you a clearer picture of the true cost of a loan. It’s expressed as a single percentage, helping you compare loans beyond just the advertised interest rate. However, it may not include all fees like late payment charges, so always read the fine print.
Many motorbike loans allow early repayments without penalties, but some may charge fees. Check your loan terms before making extra payments, as paying off your loan early can save significant interest. Even small extra payments can make a big difference over time.

Ready to find your perfect motorbike loan?

Our free calculator is just the first step in your bike buying journey. Once you know what you can afford, browse our comparison of 40+ Australian lenders to find the loan that’s right for you.

With competitive rates, flexible terms, and expert guidance available when you need it, we’re here to make your motorbike financing experience as smooth as possible.

Use our free motorbike loan calculator