Important disclosure

Compare Motorbike Loans in the UK

Picture a clear blue morning on the motorway with the wind coursing through your hair. You’re traveling at 65 mph, and the roars of the engine are exciting all your senses. If this sounds like your kind of adventure, there’s a motorbike out there with your name on it! Whether it’s a Ducati or a Honda, there’s something for all thrill-seekers on the road.

If the hefty price tag is making you look the other way, though, don’t lose hope. You can get back on track with motorbike finance. Select from different financing options so you can get that motorbike now and pay it off later. Not sure how much it’ll cost you monthly? Our motorbike finance calculator here can provide you the estimate you may need.

Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.

Overview of motorbike finance

You might think financing a motorbike is like financing a car, and that’s partly true. But you can’t use a car loan to buy a motorbike, and vice versa. You’ll have to specify motorcycle finance to the lender so they can arrange the correct loan terms.

When choosing your motorbike loan, try to plan out the following first:

  • Lease or ownership: Haven’t decided yet if you’ll like a particular model? Apply for a lease so you can return the motorbike if you change your mind. In case you do want it, you’ll settle a balloon payment at the end of the term.
  • Loan amount: This should equal the motorbike’s list price, or less if you have extra cash on hand.
  • Deposit: You may need to pay part of the motorbike’s price in advance. Try to negotiate with your lender for any zero-deposit options.
  • Term: Think about how many years you need to pay off the motorbike. The shorter the term is, the less interest you’ll have to pay.
  • Security: If you have a good credit score, you can apply for an unsecured loan. Otherwise, you may need to offer the motorbike itself as guarantee for loan repayments.
  • Annual Percentage Rate (APR): This is how much interest the lender will charge. However, don’t be afraid to negotiate for a lower rate with your lender.
  • Loan fees: Check with your lender if they’ll charge anything for processing your loan. You’ll want to ask them too about any penalties on late payments.

Having trouble finding a lender, or maybe you don’t have one yet? Consult our comparison table here, from options for 125cc motorbike finance and more.


 

Motorbike loan calculator

Loan Amount

£20,000

Term

60 months

Admiral

Admiral Car Finance - Personal Contract Purchase (PCP)

EST Monthly Repayment
EST Monthly Repayment
7.63%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£1,000
to £25,000
Take control of your car finance with a representative of 7.9% APR
HSBC

HSBC Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View HSBC's website for more details on their car loans
Lending Works

Lending Works Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Lending Works's website for more details on their car loans
Likely Loans

Likely Loans Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Likely Loans's website for more details on their car loans
Lloyds Bank

Lloyds Bank Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Lloyds Bank's website for more details on their car loans
Marks & Spencer Bank

Marks & Spencer Bank Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Marks & Spencer Bank's website for more details on their car loans
Metro Bank

Metro Bank Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Metro Bank's website for more details on their car loans
NatWest

NatWest Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View NatWest's website for more details on their car loans
Nationwide

Nationwide Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Nationwide's website for more details on their car loans
Post Office Money

Post Office Money Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Post Office Money's website for more details on their car loans
RateSetter

RateSetter Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View RateSetter's website for more details on their car loans
RBS

RBS Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View RBS's website for more details on their car loans
Sainsbury's Bank

Sainsbury's Bank Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Sainsbury's Bank's website for more details on their car loans
Santander

Santander Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Santander's website for more details on their car loans
Tesco Bank

Tesco Bank Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Tesco Bank's website for more details on their car loans
TSB

TSB Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View TSB's website for more details on their car loans
Virgin Money

Virgin Money Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Virgin Money's website for more details on their car loans
Zopa

Zopa Car Loans

EST Monthly Repayment
EST Monthly Repayment
9.99%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£10,000
to £250,000
View Zopa's website for more details on their car loans
Carmoola

Car Hire Purchase

EST Monthly Repayment
EST Monthly Repayment
14.80%
APR
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£2,000
to £40,000
Carmoola's rates start as low as 6.9% for loans of between £2k - 40k over one to five years. Representative APR: 14.8%. Buy your dream car in minutes with Carmoola's virtual card, with a £0 minimum deposit. Carmoola is an entirely digital, app-based lender. No sales calls or paperwork! Take control and manage your loan in-app.

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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.

Applying for motorbike finance

The first step in getting your motorbike loan is knowing if you qualify for it. Most lenders will have a list of requirements you have to meet before applying. If you don’t fit any of these requirements, you’ll have difficulty gaining the approval of the lender.

You can apply for most motorbike loans so long as you are:

  • 18 years of age or older
  • A permanent resident of the UK
  • Earning regular income or pensions
  • A registered motorbike driver

During the application itself, you’ll need to prove to the lender you’re eligible. You’ll need to provide personal documents, proof of income, and even possibly a driver’s licence or certificate. You may also need to provide the registration details of the motorbike you want to purchase.

If you have a history of bad credit, that shouldn’t stop you from applying. In fact, there are lenders out there who specialise in financing for bad credit. At most, they’ll require you to provide security or to bring in a guarantor to sign with you. However, they may end up offering you different terms, including a higher interest rate.

But what if you’re just shopping around and not yet ready to apply? No problem! There’s still a way to find out if you qualify for financing: a motorbike finance eligibility check. It’s an automated system lenders have on their websites to estimate your chances of being approved. It never touches your credit score, so you can use it to firm up your decision to apply. All you need to do is key in your personal details and preferred loan terms, and voila! You’ll even get a quote on your monthly repayment, as well as your potential APR.


Motorbike finance FAQs

Do I need good credit to finance a motorbike?

Not necessarily, since there are lenders who lend to borrowers with bad credit. However, having good credit does make the loan approval easier and faster.

How much do I need to deposit up front for a motorbike?

This depends on the lender, but the average is 10% to 20% of the motorbike’s price.

On average, how long is a motorbike loan?

This is also up to the lender, but you need to consider your ability to repay the loan. The minimum term is 1 year, and the maximum can go up to 7 years.

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