Motorbike Finance

Motorbike Finance

One of the best ways to get around Australia is by motorbike. It’s fast, it’s convenient, and you get to really enjoy the coastal air. If you’ve been wanting to indulge in this kind of experience every commute, then you’ve probably looked up motorbike finance options. We understand that not everyone has access to sufficient funds at every waking moment. That’s why at SocietyOne, we seek to help creditworthy customers bridge their financial gap by providing motorbike finance options. Read on to find out all about your loan options with us!

How do I find the best motorbike finance deals online?

The ideal way to find the best motorbike finance deals online is by comparing all the different motorcycle financing rates offered by different finance and loan companies.

At SocietyOne, our goal is to offer you the best motorbike financing deal based on your credit score, your needs, and – of course – your preferences. We offer two types of loans for bikes: secured loans and unsecured loans.

With secured loans, you can borrow $5,000 up to $70,000 with an instalment period of two, three, five or even seven years. You will have to put up an eligible asset as collateral to be approved for a secured loan.

Unsecured loans can get you $5,000 up to $50,000 loans with instalment periods of either two, three or five years. One thing that sets SocietyOne apart from other loan companies is that we make it possible to loan above the actual amount of your motorbike. This is so you can purchase motorbike accessories, make necessary improvements, and even pay for things like your motorbike registration fee.

For those with good credit standings, it’s possible to get low-interest rate loans. If you’re unsure what your credit report says, don’t worry! We also offer free credit score checking on our website. SocietyOne is partnered with Experian (one of Australia's three official credit reporting agencies) to provide insights into your credit history.

However, if your credit score is less than ideal, then we can help you by providing you with tips and tricks to get that score up. Join our Credit Score Club, which is available through our website and our mobile app (verified for both iOS and Android) and gives members unlimited access to exclusive credit-related resources geared towards bolstering personal credit management.

To get a motorcycle loan rate from us, all you have to do is fill out the needed information in our personal loan repayment calculator. Once you’re satisfied with your motorbike finance quote, you can proceed to our online application form, which takes only a few minutes to complete.

If your application gets approved, you can receive the funds for your motorbike financing in your bank within one business day.

Is it possible to sell a motorbike that is under finance?

Yes, it is. However, the process can be quite complicated. The first thing you should do is find out how much you still owe on your motorcycle loan. This will help you decide if you will pay it off before selling it or sell it while it’s still under finance.

Most buyers would prefer to purchase a motorcycle that’s already been fully paid for their monetary security, but if you want to sell it while it’s still under finance, make sure to disclose any owing finance.

At SocietyOne, we make personal loans easy and straightforward. You can choose the repayment frequency and loan term that's right for you. Select between fortnightly or monthly repayments. As an added benefit, we don't charge any penalties for paying off your personal loan early, so you can pay a little extra when you can!

Can I get a motorbike on finance without a licence?

When getting financing for motorbikes with SocietyOne, you will need a licence, passport, or other official photo ID. Having an ID is one of the prerequisites of getting Aussie bike loans that they’ll ask about from the initial rate-calculating process. We work closely with Experian, the credit reporting company, and we can only access your credit report when we can verify your identity.

If this is an issue for you, you can try to get in contact with our customer service.

Enjoy a hassle-free motorbike finance option now!

With all the different financing options for a motorbike, it can be a bit overwhelming to find the best one for you. When you choose SocietyOne, you won’t have that issue.

Everything from our application process to our repayment process is easy. And did we mention that everything is done online? So it doesn’t matter where you are in Australia – you could be in Melbourne, Sydney, or even Tasmania – and we can provide you with your motorbike finance through online lending!

We also offer a wide range of other loan options, including loans for students, loans for renovations, consolidation loans, and many more. So come on and apply online today!