Get That Bike Loan is here to help you find the right bike loan that suits your lifestyle and budget.
With so many bike loans out in the market it can be daunting, so to help you make the right decision we have listed all the types of loans that are available to you, remember our friendly brokers can talk through the right loan so just call us on 1300 799225.
A bike loan can be secured or unsecured (although generally at a higher interest rate) with terms that can vary from 12 – 84 months. You can also be eligible for a balloon payment or residual option which can allow for greater flexibility of payments during the life of the loan.
By setting a balloon or residual payment for the end of the term to, you can reduce your monthly payments to better suit your own personal budget. At the end of the term, you can either pay out the full amount in one hit or re-finance the balloon amount and continue paying off the bike over a new loan period. (Subject to lender approval conditions)
Speak to your friendly Get That Bike Loan specialist and let us help you find the right bike loan for you
Personal Bike Loan
Get That Bike Loan can help you find a Personal Bike Loan for your next new or used bike. A Personal Bike Loan is suitable if you who wish to purchase a bike that is outside of normal lending guidelines (e.g. older model and low value vehicles) or who do not wish to have a loan secured against their vehicle.
Under a Personal Bike Loan the financier advances funds to the customer, which is used to purchase a bike.
The customer then takes ownership of the bike at the time of purchase, and must repay the loan to the financier over the agreed terms.
Benefits of a Personal Bike Loan
- Flexible contract terms ranging from one to ten years
- Fixed or variable interest rates
- Deposit (either cash or trade-in) can be used
- A tax deduction is available when the vehicle is used for business purpose
- Less rigorous approval guidelines
- The loan is not secured against the vehicle