Vehicle & personal details
Give us the details of the motorcycle you’re looking at and your personal profile
We check your profile against thousands of lender policies to find your matches. No impact on credit score!
Approval can take anywhere from 2 hours to 2 days depending on which lender you’ve chosen.
Pick up your motorcyle!
The fun part. Search private sellers or motorcycle dealers - or ask Driva to help find your new bike!
Motorcycle loans with Driva
Dealership or private bikes
Whether you’re buying your bike from a fellow motorcycle enthusiast or your local dealer, we’ve got your bike finance needs covered
Flexible loan types
From balloon payments to large deposits, use the Driva platform to find the best loan structure for you unique situation
Our expert team has financed hundreds of motorcycles and are available to discuss your finance needs around the clock!
We search far & wide for your best rate, so you don’t have to!
Compare loan rates from over 30 lenders
|Lender||Loan Amount||Loan Term||Interest Rate (APR)||Comparison Rate (APR)|
|$5,000 - $250,000||1-7 years||3.69%||4.90%||Find my rates|
|$10,000 - $250,000||1-7 years||3.99%||4.79%||Find my rates|
|$5,000 - $80,000||3-7 years||4.84%||6.75%||Find my rates|
|$10,000 - $100,000||1-7 years||4.89%||5.44%||Find my rates|
|$5,000 - $100,000||3-5 years||4.97%||6.89%||Find my rates|
|$5,000 - $65,000||3-7 years||5.59%||7.31%||Find my rates|
|$10,000 - $100,000||1-5 years||5.99%||7.64%||Find my rates|
|$5,000 - $100,000||1-7 years||5.99%||7.51%||Find my rates|
|$5,000 - varies||1-7 years||5.99%||6.85%||Find my rates|
|$10,000 - $150,000||1-5 years||6.49%||7.53%||Find my rates|
|$5,000 - $100,000||2-7 years||6.49%||8.40%||Find my rates|
|$10,000 - $100,000||3-7 years||6.75%||8.51%||Find my rates|
|$5,000 - $50,000||3-5 years||6.99%||8.69%||Find my rates|
|$5,000 - $75,000||3-7 years||19.95%||23.45%||Find my rates|
|$2,000 - $50,000||1-7 years||19.95%||26.64%||Find my rates|
Learn more about Motorcycle Finance
How does a motorbike loan work with Driva?
A motorbike loan works in the same way as a car loan. Simply tell us the year of the motorcycle you would like to buy and we’ll take into account your personal details and credit history. Then our smart motorcycle loan matching engine will present you with your best fixed rate loan options from our large panel of lenders. You’ll then be able to choose your lender and apply online directly to Driva.
We’ll make sure you’ll be approved by vetting your profile before sharing any of your information with your chosen lender to protect your credit rating.
Learn more: 'Financing a Used Motorcycle - What You Need To Know'
What should you think about when comparing motorcycle loans?
What loan amount do you need?
When comparing your bike loan options, you can use Driva’s smart motorbike finance calculator to check the minimum and maximum loan amount on offer for each lender to make sure that you’re able to borrow the amount that you need based on your profile.
How long will your loan term be?
The longer your loan term, the lower your monthly repayment will be. However, you’ll also pay a higher interest amount over the life of the loan. You can use Driva’s smart loan matching tool to compare financing options and monthly repayments across different loan terms.
What is the interest rate?
Using Driva’s smart platform, you’ll be able to find your best personalised interest rate in 60 seconds.
The interest rate you receive (and associated comparison rate, which accounts for all fees and charges) varies significantly depending on the age of the bike you’re looking to buy and other factors, such as your credit history.
All of the motorbike loans that Driva facilitates have fixed interest rates, which means that your interest rate will stay the same across the duration of your loan, making it easy to budget and plan for the future.
Do you need a secured or unsecured bike loan?
Just like with a car, when you’re obtaining motorcycle finance you have the option to secure your loan against your bike. A secured loan requires you to use your motorbike as security for the loan. This means that if you can’t make your loan repayments, the lender is able to repossess your motorbike to recover its funds. By comparison, an unsecured motorbike loan does not require you to secure your motorbike against the loan, so the lender wouldn’t be able to just take the car back in the event that you can’t make your repayments (however, you might face legal action!).
If you’re looking for a bike loan for an older used model, you may have to rely on an unsecured loan given age restrictions on some secured products. But Driva’s loan matching platform will automatically match you with a secured or unsecured product depending on what you’re applying for.
Learn more: ‘Secured vs Unsecured Car Loan - A Complete Overview’
Things to avoid
Taking out a loan you can’t afford
Use the Driva platform to help you consider the total cost of the loan, including all fees and charges, before you apply. Make sure you budget for the cost of your loan repayments and how long you’ll be making those repayments for. Additionally, make sure you consider any fees and charges that might apply, and check that you meet the lending criteria for the bike loan.
All monthly repayment figures displayed anywhere on the Driva platform will always be fully inclusive of any lender fees and charges, so you don’t have to worry about any nasty surprises.
Applying for bike loans that are restrictive
Some bike loans have early repayment fees, which means it will cost you to pay back your loan earlier. If your loan has any restrictions, make sure you consider whether you plan to pay out the loan early.
The Driva platform will clearly show you which lenders have early payout fees, so you can make an informed decision when you’re choosing your best loan option.
How to qualify and apply
The eligibility criteria for bike loans will be different for each lender, but in most cases you will need to be over the age of 18, either an Australian citizen or permanent resident and earning some type of income.
To submit a bike loan application for assessment, the only documents you need to provide are your driver's license and a copy of your two most recent payslips. In some circumstances we may require a few more supporting documents, but the Driva platform will automatically let you know if we need any additional documentation, and why.
No matter if you’re looking for a brand new Vespa, a second-hand dirt bike or anything in between, Driva can offer competitive rates to help you finance your new or used motorcycle so you can hit the open road sooner. Apply online to find your perfect loan and compare your flexible motorbike finance options.
Don’t take our word for it
We always recommend a second opinion. Read our customer reviews.
The Driva Promise
100% transparency on fees
We break fees down so you can understand them
No impact on credit score
We don’t share your information with lenders until we know you’re going to be approved
The rates we quote won’t change later in the process
Looking for something else?
Have a question?
Can I get motorbike finance for quad bikes or tourers?
I’m looking for a second-hand bike, can Driva help me finance it?
Yes - no matter whether you’re looking to purchase a brand new Kawasaki or used quad bike, Driva can help you finance it and get a great interest rate.
Can I get a motorbike loan pre-approved?
Yes - Driva can help you get a pre-approved bike loan so that you can start shopping for your dream bike with a set limit of what you can spend.
Learn more: 'Financing A Used Motorcycle - What You Need To Know'
I am self-employed. Will that restrict me from applying for a loan?
No - if you’re self-employed and looking to purchase a motorcycle, Driva can help you find a competitive rate for a new or used motorbike loan.
What motorcycle finance options are available?
We have a number of different motorcycle finance options available with a wide range of over 30 lenders offering loan amounts from $2,000. From personal loans to secured loans, Driva has new or used motorbike finance options to suit all different personal circumstances. Use Driva’s loan matching platform to easily find a perfect loan match and compare your options (with no impact on your credit rating).
Our panel of lenders includes traditional finance lenders as well as non bank lenders, in order to ensure that you’re getting the best possible rate.
I have a bad credit score, can I still get motorbike finance?
Driva works with over 30 different motorcycle lenders, which means if there’s anyone in Australia able to lend to you for your biking needs, chances are they are already on our panel.
Different lenders have different rules and criteria and so whether or not you’re able to get motorbike finance, and at exactly what rate, will depend on your credit history and financial situation.
But with Driva’s platform, you can find out your loan options with no risk to your credit rating. If you decide to apply for a loan, Driva will make sure you’re very likely to be approved before sharing your details with your chosen lender to protect your credit rating.
Apply for a quote without impacting your credit score or give us a call on 1300 755 494.
What’s the difference between an APR and a comparison rate?
The Annual Percentage Rate (APR) is the rate at which you'll be charged on your loan, but it doesn't include any fees or charges. When comparing bike loans, be wary of relying simply on the APR rate since it isn't a reliable predictor of how much you'll pay in the end. Instead, Driva suggests using the comparison rate, which includes fees and charges in its calculations.
Do I need to put down a deposit?
This is entirely up to you. Some riders choose to put down a deposit or organise a balloon payment in order to reduce their monthly repayments, but if you’d like to obtain 100% finance we can help with that too.
Can I get a loan for a second hand bike?
Absolutely. Whether you’re buying your bike from a dealership or a private seller, Driva can help organise finance for it.
Can I get pre-approved for motorbike finance?
Yes! Getting pre-approved for motorbike finance is a great option for riders who would like to start shopping with a set limit in mind. You’ll be able to get pre-approved for a specific loan amount at a fixed interest rate before you’ve committed to a bike. Even if you’re not sure of the exact bike or loan amount you’re after, we can get you pre-approval and then update the final details before settlement. Keep in mind that your pre-approval period must be no longer than 90 days.
How do loan repayments work?
Once your loan has settled, you’ll start making repayments to your lender to pay back the loan (plus interest and fees). These payments are normally made monthly, but depending on your lender you might be able to organise weekly or fortnightly repayments instead. Loans are normally taken out for a period of between 1 and 7 years. Keep in mind that the longer your loan term, the lower your repayments will be (but the more your loan will cost you overall!).
How much do motorcycles cost?
Depending on the type of bike you’re after, your experience level, and whether you’re looking for a brand new or second hand bike, you can expect to spend anywhere from $5,000 to upwards of $40,000 on a bike. Keep in mind that in addition to the cost of the bike, there are several ongoing costs associated with owning a motorcycle.
Learn more: The Cost of Owning a Motorcycle
What is a good rate for a motorcycle loan?
Driva works with a panel of more than 30 lenders to ensure that you’re getting the most competitive rate for your personal needs. For individuals who are purchasing a bike, we have interest rates starting from 3.69% (4.90% comparison rate) to 19.95% (26.64% comparison rate). If you’re getting a bike to use for business purposes, interest rates start from 3.78% (4.89% comparison rate) to 16% (20.45% comparison rate).
To get an idea of how much a bike loan might cost you, you can use our motorbike finance calculator here.
Are motorcycles hard to finance?
Driva takes the hard work of the financing process to make getting a loan as seamless and transparent as possible. Getting your personalised quotes takes less than a minute, and once you’ve decided on your ideal lender, the approval process normally takes between 2 hours and 2 days.
Can I get finance for a motorbike?
Absolutely! We have a range of consumer and commercial loan products available, from secured and unsecured loans to chattel mortgages and hire purchase arrangements. Get started here and find your most competitive personalised quotes in less than a minute.