iLoans

BIKE LOANS

ILoans offers cheap bike finance options for individuals and businesses. ILoans has access to a variety of financiers and lenders.  New or near-new motor bikes are considered a safer prospect by credit providers because they can be used as security to support the motorcycle loan. It can be harder to secure a loan for an older bike because of its low resale value. Finance companies often prefer the bike to be no more than 12 years old when the loan contract is over to enable them to take security. Otherwise an unsecured personal loan is a better way to go.

If you have a good credit rating then you will likely pay a lower interest rate for a motorbike loan than somebody who has had credit problems in the past.

ILoans can organise motorbike finance for all kinds of motor cycles including custom motorcycles and choppers, Harley Davidsons, Ducati, Yamaha, Suzuki, Buell, BMW, KTM, Honda, Moto Guzzi etc.

We have a range of personal motor bike finance options, both as secured loans and unsecured loans.

With a secured motorbike loan the financier advances the customer money to buy a motorbike and then takes a security interest over the bike.  Once the motor bike loan is paid in full the financier lifts the security and the customer gets full and clear title of the motorbike.

Your income and bank account  should demonstrate your ability to meet repayments. And If you can show a savings record, it greatly improves your position.

Unsecured bike finance is like a personal loan. These are harder to qualify for and often have higher interest rates. You need to have a clean credit history and be able to show that you have enough excess income to be able to pay the monthly repayments.

Call one of our financial consultants as they are there to help you through the entire process.