Motorcycle Finance
Motorcycle Loans
What is the monthly payment on a $15,000 motorcycle loan?
| Loan amount | Monthly repayment at | |||
|---|---|---|---|---|
| 7.5%p.a. | 9%p.a. | 12%p.a. | 15%p.a. | |
| $5,000 | $100 | $104 | $111 | $119 |
| $10,000 | $200 | $208 | $222 | $238 |
| $15,000 | $301 | $311 | $334 | $357 |
| $20,000 | $401 | $415 | $445 | $476 |
| $30,000 | $601 | $623 | $667 | $714 |
Illustrative monthly principal and interest repayments over 5 years, before fees and charges. Rates are examples, not offers; your rate depends on the lender and your circumstances. 7.5% is the bottom of NAB's published unsecured range for a motorbike; secured motorcycle loans are quoted on application. Run your own numbers.
Motorcycle loan lenders a broker can compare
Lenders in our directory that write vehicle loans. Motorcycle policy varies: Pepper Money publishes secured motorcycle and scooter loans and Great Southern Bank secured loans for motorbikes, while other lenders fund bikes through a personal loan. The broker checks which lenders take your bike.
| Lender | Products | Current rate |
|---|---|---|
| Commonwealth Bank of AustraliaMajor bank | Products:
| Current rate: 6.79%p.a. 8.20% p.a. comparison rate* Personal Loan Secured (New Vehicle) · Secured Fixed Rate Car Loan, secured by the car being bought: from rate for excellent credit (rates up to 11.29% p.a.); comparison on a $30,000 loan over 5 years. As at 30 Sept 2026 · Source: CommBank rates page (opens in a new tab) |
| Westpac Banking CorporationMajor bank | Products:
| Current rate: 6.49%p.a. 7.90% p.a. comparison rate* Car Loan Secured · Car Loan for petrol, diesel or LPG cars, fixed rate, secured by the car: from rate; the rate offered depends on your credit assessment. As at 30 Sept 2026 · Source: Westpac rates page (opens in a new tab) |
| Bank AustraliaCustomer-owned | Products:
| Current rate: 6.29%p.a. 6.29% p.a. comparison rate* Clean Energy Car Loan · Electric Vehicle Loan, fixed rate, secured, new electric vehicles; establishment fee waived for fully electric vehicles; comparison on a $30,000 secured loan over 5 years. As at 30 Sept 2026 · Source: Bank Australia rates page (opens in a new tab) |
| Liberty FinancialNon-bank | Products:
| Current rate: 8.99%p.a. 10.65% p.a. comparison rate* Liberty Drive Secured · Flexible car loan, secured, new and used cars: from rate; comparison on a $30,000 new-car loan over 5 years with no balloon. As at 30 Sept 2026 · Source: Liberty rates page (opens in a new tab) |
| MoneyMeSpecialist | Products:
| Current rate: 6.24%p.a. 7.13% p.a. comparison rate* MoneyMe Secured Car Loan · Secured car loan, variable rate, new or used vehicles: from rate for excellent credit history (maximum 26.10% p.a.); $12.50 monthly fee. As at 30 Sept 2026 · Source: MoneyMe rates page (opens in a new tab) |
| Now FinanceSpecialist | Products:
| Current rate: 7.59%p.a. 8.43% p.a. comparison rate* NF Secured Car Loan (Tier 1) · Vehicle Loan secured by the vehicle, new or used: from rate (rates up to 15.39% p.a.); establishment fee up to $595. As at 30 Sept 2026 · Source: Now Finance rates page (opens in a new tab) |
| PlentiSpecialist | Products:
| Current rate: 7.99%p.a. 9.78% p.a. comparison rate* Plenti Car Loan (Tier 1) · Secured car loan, new or demo vehicle, homeowner with exceptional credit: from rate (rates up to 12.99% p.a.); comparison on $30,000 over 60 months including a $14.90 monthly fee. As at 30 Sept 2026 · Source: Plenti rates page (opens in a new tab) |
| Australia and New Zealand Banking GroupMajor bank | Products:
| Current rate: ANZ rate card (opens in a new tab) |
| National Australia BankMajor bank | Products:
| Current rate: NAB rate card (opens in a new tab) |
| BankSAMajor-bank brand | Products:
| Current rate: BankSA rate card (opens in a new tab) |
Show all 16 lendersShow fewer lenders
| Lender | Products | Current rate |
|---|---|---|
| ING AustraliaTier-2 bank | Products:
| Current rate: ING rate card (opens in a new tab) |
| IMB BankCustomer-owned | Products:
| Current rate: IMB rate card (opens in a new tab) |
| Newcastle Permanent (Newcastle Greater Mutual Group)Customer-owned | Products:
| Current rate: Newcastle Permanent rate card (opens in a new tab) |
| Teachers Mutual BankCustomer-owned | Products:
| Current rate: Teachers Mutual rate card (opens in a new tab) |
| Pepper MoneyNon-bank | Products:
| Current rate: Pepper Money rate card (opens in a new tab) |
| Angle FinanceSpecialist | Products:
| Current rate: Angle Finance rate card (opens in a new tab) |
Inclusion is editorial reference, not a recommendation. Rates change often, so we only show a rate we captured from the lender's own page in the last 60 days, with a link to that page; otherwise we link to the lender's rate card where it publishes one. The broker you are matched with compares the lenders on their own panel.
See all 20 car loan lenders* WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Car loan comparison rates are based on a secured loan of $30,000 over 5 years.
Motorcycle Loans at a Glance
- Finance all motorcycle types: sports, touring, cruiser, adventure, naked, scooter, and electric
- Secured loans for new bikes, unsecured options available for older or lower-value bikes
- Loan amounts from $3,000 to $80,000+ for prestige and touring motorcycles
- Used bike finance for motorcycles up to 7-10 years old with select lenders
- No deposit options available for new motorcycles with good credit
WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans, a loan of $30,000 over 5 years for car and personal loans, and $50,000 over 5 years for equipment finance, unless the lender states another basis.
Motorcycle Loan FAQs
Which bank is best for a motorcycle loan?
No single lender is best for every rider; it depends on the bike, its age and your credit file. Among the published options: NAB lends $5,000 to $55,000 unsecured for a motorbike at 7.50% to 22.00% (comparison 8.90% to 23.29%); Great Southern Bank’s secured loan covers new or used motorbikes up to seven years old; Pepper Money writes secured motorcycle and scooter loans from $3,000 to $55,000; and Plenti lends up to $75,000 unsecured. A secured loan is usually the cheaper route if the bike qualifies. Compare on the comparison rate.
What is the monthly payment on a $15,000 motorcycle loan?
About $301 a month over five years at 7.5%, the bottom of NAB’s published unsecured range, or about $319 at 10% and $334 at 12%, before fees. Over three years at 7.5% it is about $467 a month, and the interest falls from about $3,034 to $1,797.
Is a motorcycle loan worth it?
It can be, if the repayments fit your budget alongside insurance, registration and servicing, and the loan term does not outlast the bike’s useful life. Motorcycles tend to lose value quickly, so a shorter term, a deposit or a cheaper bike lowers the risk of owing more than the bike is worth. Compare secured and unsecured offers on the comparison rate before you sign.
Can I get a loan specifically for a motorcycle?
Yes. Motorcycle loans work like car loans: a secured loan with the bike as security, or an unsecured personal loan. Pepper Money publishes secured motorcycle and scooter loans from $3,000 (and up to $55,000, or $50,000 for ATVs and off-road bikes), while NAB’s personal loan for a motorbike starts at $5,000. Other lenders fund bikes under their general vehicle or personal loans.
What interest rates can I expect for a motorcycle loan?
Unsecured motorbike loans at NAB run from 7.50% to 22.00% p.a. (comparison 8.90% to 23.29%), and Plenti prices its unsecured loans on your credit file. Secured motorcycle loans, such as Pepper Money’s and Great Southern Bank’s, are quoted after an assessment. Where you land depends on the bike’s age and value, whether the loan is secured, and your credit history.
Can I finance a used motorcycle?
Yes, through a secured or unsecured loan. For secured finance the bike has to meet the lender’s age and condition rules: Great Southern Bank covers motorbikes up to seven years old, and Pepper Money publishes that vehicle age and condition requirements apply. An older or low-value bike usually suits an unsecured loan instead.
Do I need a deposit for a motorcycle loan?
Not necessarily. Pepper Money publishes finance of the full purchase price with a $0 deposit, subject to eligibility. A deposit lowers the amount you borrow and the interest, and helps with an older bike or a credit-impaired file.
Can I finance motorcycle gear and accessories?
Sometimes. Plenti publishes that its motorbike loan can also cover insurance and registration costs, and some lenders and dealers allow riding gear and accessories bought with a new bike to be included. A broker can check which lenders allow it for your purchase.
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