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Compare motorbike loans from 40+ trusted lenders in minutes. Our free calculator shows you real rates with no signup required, and you can apply on the spot with quick funding available. Whether you’re eyeing a powerful Harley-Davidson, a reliable Honda commuter bike, a sleek Yamaha sports model, or even considering smaller options like a motor scooter or electric bike, a tailored vehicle loan helps you hit the road sooner — on two wheels, your way.

What is a motorbike loan?

A motorbike loan is a personal loan used, for example, to buy a motorcycle or other kind of motorised two-wheeler. If you’ve been looking for a new cruiser, a dependable road bike, or a zippy e-scooter or e-bike for urban commuting, a loan allows you to break up the cost into manageable monthly payments instead of paying for all of it up front.

The bike, of course, is used as security for the loan, meaning you often get better interest rates than you would with an unsecured personal loan. Loan terms are generally 1 to 7 years, allowing flexibility to suit your budget and goals. Motorbike finance helps you establish or improve your credit history through regular repayments.

Besides, although you won’t be stuck with dealer-only offers, you can also pick the best rates, terms, and lenders available for your situation—be that motorbike, scooter, or electric ride.

Types of motorbike Loans

Understanding your financing options helps you make the smartest choice for your situation. Here are the main types of motorcycle loans available in Australia:

Understanding your financing options helps you make the smartest choice for your needs. Here are the main types of motorcycle loans available in Australia:

Secured Motorcycle Loans
The most popular option — your motorbike serves as collateral. Thanks to the added security for lenders, you’ll usually enjoy lower interest rates and can borrow higher amounts. These loans can also apply to motor scooters or high-value electric bikes, especially if purchased new from an authorised dealer.
No collateral required, meaning your vehicle isn’t at risk if you can’t make repayments. These loans are ideal for smaller purchases — such as a used scooter or mid-range e-bike — or if you prefer not to secure the loan against your vehicle.
Motorcycle dealerships often partner with specific lenders to offer finance directly at the point of sale. While convenient, dealer loans can have higher interest rates than independent options, so always compare offers before committing. Some scooter and e-bike retailers also provide similar in-house finance arrangements.
A standard personal loan can also be used to purchase a motorbike, scooter, or electric bicycle. These loans provide flexibility if you’re buying second-hand or want to bundle accessories like helmets, chargers, or panniers into your total loan amount.
Some e-scooters and electric bikes may be eligible for green vehicle loans, which are discounted interest rates in exchange for selecting sustainable forms of transport. Many banks and lenders offer green vehicle loans, but your chosen bike must conform to their green loan criteria (ultra low or zero carbon emissions, for example.) Check with your lender before you apply or buy.
If you use your motorbike – or a fleet of scooters, perhaps – for work purposes (e.g., courier, delivery, or rideshare services), a chattel mortgage could be a tax-effective option. You own the vehicle from day one while the lender holds a mortgage over it until repayment is complete.

What are the costs of motorcycle ownership?

Owning a motorbike involves more than just the purchase price and loan repayments. Understanding the full cost of ownership helps you budget properly and avoid financial surprises.
Purchase Price Ranges

Motorcycles range from around $3,000 to $15,000 for mid-range models, with high-performance or specialty bikes reaching $20,000–$50,000 and beyond.

If you’re considering alternatives like motor scooters, you’ll find plenty of options between $2,000 and $7,000, while electric bikes range from $1,000 to $6,000 depending on battery capacity, build quality, and features.

And for a motorbike, annual maintenance often runs between $800 and $1,500, depending on how frequently you ride and the type of bike. Scooters and electric bikes generally have lower maintenance costs since they feature smaller engines (or no engine at all) and simpler mechanical systems.

Oil checks, chain adjustments, and tyre replacements are still done regularly, but electric vehicles may be able to avoid oil changes and certain parts. Staying ahead of maintenance helps you ride smoothly and prevent expensive breakdowns later.

Motorcycle insurance typically ranges between $300 and $1,000 per year, depending on coverage, your riding history, and the bike’s value. Many insurers now also offer dedicated policies for electric bikes and scooters, which can cost less due to lower engine capacity and top speeds.
Traditional petrol-powered motorcycles remain highly fuel-efficient, but you’ll also find long-term savings if you opt for an electric scooter or e-bike, which run on battery power instead of fuel. Keep in mind that while electricity costs are lower, battery replacements every few years can add to long-term expenses.
High-quality safety gear is essential regardless of what you ride. Expect to invest $200–$800 in a helmet and $1,000–$2,000 for protective clothing and boots. Even e-bike riders benefit from proper safety gear, particularly when commuting in city traffic.

Bad credit motorcycle loans

Even with a less-than-perfect credit history, financing your next ride — whether a motorbike, scooter, or electric bike — may still be possible. Several lenders specialise in bad credit loans designed for responsible borrowers rebuilding their financial track record.
What Counts as Bad Credit?
Credit scores below 550–600 are generally considered poor. Past defaults, missed payments, or bankruptcies can make it harder to secure approval through traditional lenders.
Specialist lenders focus more on your current financial position than your past history. They’ll assess your income stability and repayment ability. Rates will be higher, but these loans can be a stepping stone toward ownership and credit repair.

Several strategies can boost your approval odds:

  • Save for a larger deposit to reduce the loan amount
  • Provide proof of stable employment and income
  • Consider a guarantor to strengthen your application
  • Choose a less expensive motorcycle to lower the risk
  • Clear any outstanding debts where possible
With bad credit motorcycle loans, the bike typically serves as security, which helps lenders offer reasonable rates despite your credit history. Making regular repayments on time will gradually improve your credit score for future borrowing.
If traditional bad credit loans aren’t suitable, consider rent-to-own arrangements or saving up to buy a cheaper motorcycle outright. Sometimes building your credit with smaller purchases first makes more sense than taking on a large loan immediately – but think this through first!

Eligibility and How to Apply

Who Can Apply for a Motorbike Loan?

Getting a motorbike loan whether it’s financing a motorcycle, motor scooter, or electric bike, is generally straightforward if you meet a few key criteria. While each lender has slightly different requirements, you’ll usually need to:
  • Be at least 18 years old and a permanent Australian resident or citizen
  • Hold a valid motorcycle licence (for larger bikes) or a learner’s permit (for scooters or electric bikes, if required in your state)
  • Show proof of income or employment to demonstrate your ability to make repayments
  • Have a reasonable credit history, though many lenders also offer options for those with bad credit
  • Provide identification and proof of address, such as a driver’s licence, passport, or utility bill
If you’re self-employed or using the vehicle for business purposes (like deliveries or rideshare work), some lenders may request additional documentation such as ABN registration or recent tax returns.

How to Apply for a Motorbike Loan

Applying for a motorbike loan is simple and you can apply right here to one of our Top 40 Australian motor vehicle lenders. Here’s how the process typically works:

Compare Lenders and Loan Types

Start by comparing offers from multiple lenders to find the best rate, term, and repayment options for your situation. Make sure to check whether the loan allows for additional repayments or early payout without penalty

Use the Loan Calculator

Estimate your repayments using a motorbike loan calculator to see what fits comfortably within your budget. You can also test amounts for scooters or e-bikes if you’re considering smaller or electric options.

Submit Your Application

Fill out a short online application form with your personal, employment, and financial details. Some lenders can give conditional approval within minutes

Get Approved and Receive Funds

Once approved, the funds are transferred directly to your bank account or paid to the dealer, so you can hit the road — or the bike path — sooner.

Ride Away

With financing sorted, you can take delivery of your new motorbike, scooter, or electric bike and enjoy the freedom that comes with two wheels.

Registration costs for motorcycles by state

Motorcycle registration fees vary significantly across Australia, and understanding these costs helps with your ownership budget planning:

State/Territory Registration Cost Additional Notes
New South Wales
$83
Standard rate for private and business use
Victoria
$162.40 – $753.10
Varies by engine size and postcode
Queensland
$551.35
Approximate cost for standard registration
South Australia
$20 – $400
Metropolitan: $25-$400, Country: $20-$345
Western Australia
$68.32 – $95.88
Under 250cc: $68.32, Higher power: $95.88
Tasmania
$55.07
Based on 12-month payment period
Northern Territory
$28.10 – $959.10
Varies by size and payment period
Australian Capital Territory
$66.40
Established motorcycle registration
These fees typically need to be paid annually, though some states offer different payment periods. Registration also requires compulsory third-party insurance, which is usually included in the registration cost but varies by state.

Why choose us

  • Soft credit check process – Explore your motorcycle loan options without impacting your credit score.
  • Compare over 40 trusted Australian lenders – Access rates, fees, and features from major banks, credit unions, and motorcycle finance specialists all in one place.
  • Free Motorcycle Loan Calculator – Estimate your repayments before you apply. Adjust loan amounts, interest rates, and terms to find what fits your budget – no sign-up required.
  • Transparent, unbiased comparisons – Our results are tailored to your needs, not driven by commissions, so you can make confident decisions.
  • Fast conditional approval – Get started quickly with conditional approval available in as little as 24 hours through many of our lending partners.

Frequently Asked Questions

Find clear answers to the most frequently asked questions about motorbike loans.

The amount you can borrow depends on your income, credit history, and whether the loan is secured or unsecured. Most lenders offer motorcycle loans ranging from $5,000 up to around $100,000 for premium or high-performance bikes. If the loan is secured with the motorbike as collateral, you may be eligible to borrow more at a lower interest rate, since the lender takes on less risk.
Motorbike loans typically come with terms from 1 to 7 years, depending on the lender and the total loan amount. Some finance providers may offer longer terms for high-value or commercial-use motorcycles. Shorter terms mean higher monthly repayments, but less interest paid overall, while longer terms keep repayments lower but increase the total cost of the loan over time.
Not always. Some lenders offer 100% finance, meaning you can borrow the full purchase price of the motorcycle without an upfront deposit. However, providing a deposit of 10–20% can reduce your loan amount, lower your monthly repayments, and improve your chances of approval — especially if you have limited credit history or are financing a more expensive bike.

Yes. Refinancing your motorbike loan can be a smart way to reduce your interest rate, shorten your loan term, or free up cash flow. Many riders refinance when their credit score improves or when better loan offers become available. Before switching, compare the savings against any exit fees or new setup costs to ensure it’s worth it overall.

Yes. Many lenders allow you to finance used motorbikes, scooters, or e-bikes purchased from private sellers, though you may need to provide details about the vehicle’s age, condition, and registration.
Absolutely. As electric motorbikes and scooters become more common, many lenders now offer specific green vehicle loans with lower rates or flexible terms to encourage sustainable transport choices.
Approval can often happen within a few hours, with funds available within one or two business days once your documentation is verified. Some lenders even offer same-day funding for qualified applicants.
Most lenders allow additional repayments and early payouts, sometimes without penalties. Always check your loan’s terms and conditions to confirm, as flexibility varies between lenders.
If you’re trading in your bike, you can either refinance your existing loan to include the new model or settle the remaining balance before applying for a new loan. Your lender can guide you through the best option.
Yes, several lenders offer entry-level motorcycle finance tailored to new riders or learners, often with lower loan amounts or shorter terms. You may still need to demonstrate affordability and basic riding eligibility.

Find your perfect motorcycle loan today

Ready to hit the road? Our motorcycle loan calculator lets you compare options from over 40 trusted lenders without any signup required. Get instant quotes, apply on the spot, and enjoy quick funding to get you riding sooner. Whether you’re after a weekend cruiser, daily commuter, or adventure bike, we’ll help you find financing that fits your budget and gets you closer to your motorcycling dreams.
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