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A personal loan for a motorbike
Thinking of getting a motorcycle loan to finance your dream bike? We explain how to calculate and go about this with an ANZ Personal Loan. We also offer some useful tips on what to look out for when buying a new or used motorbike.
Get from here to there with an ANZ Personal Loan
$250 cashback + $150 Loan Approval Fee Waiverdisclaimer
Whether it’s new wheels, a home reno or a dream holiday, an ANZ Personal Loan can help make it happen.
Eligibility, ANZ’s credit assessment criteria, T&Cs, fees and charges apply.disclaimer
Borrow up to $75,000
Borrow a specific amount between $5,000 and $75,000 (subject to approval).
Greater flexibility
Choose a loan term from 1 to 7 years, with weekly, fortnightly, or monthly repayment options.
Personalised rates
Get a personalised interest rate with an ANZ Fixed Rate Loan or an ANZ Variable Rate Loan based on your credit history.
No assets needed
ANZ Personal Loans are unsecured, which means you don’t have to provide an asset, such as your car, as security.
Same-day cash
Get same-day cash when you apply and are approved in-branch by midday, Monday to Friday.disclaimer Deposited into your existing ANZ everyday account.
No early repayment fees
No penalties for making extra repayments or paying off your loan early with an ANZ Variable Rate Loan. Plus, redraw available if you’re ahead on payments.
Repayment certainty
Know what your repayments will be and protect yourself from interest rate movements for the life of the loan with an ANZ Fixed Rate Loan.
Online convenience
Track your balance and make repayments 24/7 with ANZ Internet Banking or via the ANZ App.disclaimer
Estimate your personalised interest rate
We tailor our interest rates based on our assessment of your credit score. With a better credit score, you could enjoy one of our lower interest rates.disclaimer This tool will also help you estimate your repayments if you finance your motorcyle using an ANZ Personal Loan.
Calculate how much you could borrow
Get an indication of how much you may be able to borrow based on your income and expenses. Please note this is an estimate only and your full borrowing amount will only be made available in your Letter of Offer.
Choose a personal loan that works for you
If you want your loan repayments to stay the same – even if interest rates change – then an ANZ Fixed Rate Loan could be for you.
If you’re looking for flexibility – such as paying off your loan sooner with no exit fees – then an ANZ Variable Rate Loan could be for you.
Check your eligibility
To be eligible for an ANZ Personal Loan you must:
- be at least 18 years old;
- earn a minimum of $15,000 per annum; and
- be an Australian citizen, permanent resident, or have a valid visa.
Read up on the eligibility criteria and documentation we’ll need for each type of loan.
Factor in other costs
Don't forget to budget for any associated costs, such as the following:
- motorcycle insurance
- registration
- fuel and maintenance
- safety equipment
- helmet
- gloves
- jacket
- pants
- boots
- armour
Apply for a personal loan
Here's what you need to apply:
- details of your income, expenses, assets and liabilities
- your driver's licence, ANZ Account Number or Customer Registration Number (if you have them)
If you're new to ANZ, you’ll need any two of your Australian driver's licence, Medicare card, Australian passport, or Australian visa.
Hot tip! Don’t forget to insure your motorbike
Remember to organise your motorbike registration and insurance before hitting the road. And where possible, make sure you get a receipt for your deposit, as well as for the full purchase price of the bike.
Buying a new versus used motorbike
There’s a certain level of on-road confidence that comes with owning a brand-new motorbike, but they do tend to depreciate quickly. Plus, there are a lot of hardly ridden bargains out there in the second-hand market. Here are some of the benefits of buying new versus used.
New bike
On-road confidence
Knowing that a bike is mechanically sound and perfectly aligned from day one – in other words, it hasn’t been misused, dropped or badly damaged – can act as a huge confidence boost when out on the road. In short, new bikes hold fewer surprises.
Latest technology
Technology such as traction control, adjustable suspension and power modes have all come on in leaps and bounds in recent years to make riding a lot more comfortable and safer.
Manufacturer’s warranty
Paying a premium to ensure you have a reliable bike that comes with a manufacturer’s warranty in case something goes wrong is a major plus. What’s more, you can often negotiate on a servicing plan when buying from a licensed motorcycle trader.
Less legwork
With a new bike, you won’t need to engage a qualified motorcycle mechanic to get everything checked out. Plus, you won’t need to complete a Personal Property Securities Register (PPSR) check to ensure that the bike you’re purchasing is debt-free, hasn’t been stolen, or written off in an accident.
Used bike
Less depreciation
New bikes can depreciate up to 40% within the first five years, according to the Australian Taxation Office. What’s more, with many motorbikes in Australia travelling between 2,500 to 5,000 kilometres per year, it’s not hard to see how you could pick up a used bike that's only a few years old with low kilometres for a lot less than new.
Tried and tested
Sometimes new bikes have issues that need to be sorted out. Between any manufacturer recalls and the previous owner exercising their warranty, you may find yourself a tried and tested motorcycle that’s ready to give you hours of riding pleasure.
Customer reviews
Doing some online research and talking to those in the know will help you establish which second-hand models are receiving rave reviews, and which ones aren’t. Once you’ve decided on a bike, you may want to get it checked out by a qualified motorcycle mechanic. You should also consider a Personal Property Securities Register (PPSR) check to ensure that the bike you’re purchasing is debt-free, hasn’t been stolen, or written off in an accident.
Greater buying power
You get to choose the type of sale. A preowned bike through a motorcycle dealership is likely to cost more than through a private sale, but it may come with a warranty period. Plus, dealers have reputations to maintain, so it’s in their best interests to sell you a good bike. In contrast, you might be able to pick up a bargain through a private sale, but you should consider getting it thoroughly checked out and inspected for peace of mind.
Start it cold
It's advisable to start a second-hand motorcycle cold and listen for any weird noises, as hidden problems can suddenly disappear once the engine is warmed up. If it doesn’t start after a few attempts, then it might have a problem.
Check the tyres
It's a good idea to check the tyres for tread depth, cracks and any signs of ageing. If a bike has not been used for several years the tyres might look fine, but often they will have hardened to the point where they’ll need replacing immediately.
Test the suspension
You can test the suspension by pressing the front brake and pushing down on the handlebars. You can also do the same at the rear of the bike. If you hear any noises or knocking sounds, the suspension may be shot.
Check the books
It's also wise to check a bike’s service history. Ask for the original owner’s manual and check under the seat to see if the original toolkit is there. While the seat’s up, look at the battery. Signs of corrosion are usually an indication that the battery is on its way out.
Check the brakes and electrics
Consider running your finger along the surface of the brake discs to ensure there are no deep cuts or dents around the edges. A good brake disc is around 4-5mm in thickness and smooth to touch. It's also a good idea to test the electrics: headlight, dash light, brake light, traffic indicator and horn.
Does it line up?
Use the centre stand (if the bike doesn't have one, try to find something to sit it up on) then stand back and crouch down. Things you may want to check include the following. Do the wheels line up? Is the rear wheel centred in the swingarm? Are the forks parallel? Spin the wheels to ensure they’re not buckled and that there’s no lateral movement. Check for tight spots in the chain. Look at the condition of the sprockets.
Do an oil and rust check
You may want to check the garage floor underneath the bike to ensure there are no major oil leaks. Consider dipping a screwdriver into the oil filler cap to check the condition of the engine oil. If the oil is transparent, it means the bike has been looked after. If it’s black and thick, it hasn’t. Take a torch with you and check inside the fuel tank for rust.
Take it for a test ride
If you can convince the seller to let you take it for a test ride, then do. This is the best way to find out if a bike is right for you. Plus, it should reveal any major problems, such as dodgy brakes, gearbox issues, a sticking clutch, or a sloppy steering head.
Get it inspected
If you’re serious about a bike, you may want to get it checked out by a qualified motorcycle mechanic. You should also consider a Personal Property Securities Register (PPSR) check to ensure that the bike you’re purchasing is debt-free, hasn’t been stolen, or written off in an accident.
ANZ Fixed Rate Loan
Borrow $5,000 to $75,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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Features
- Certainty your repayments won’t change even if rates increase as you’ve locked in a fixed interest rate
Things to consider
- Early repayment charges may apply if you make early or extra repayments, repay your loan early or increase your loan amountdisclaimer
- No access to extra money paid (redraw)
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
ANZ Variable Rate Loan
Borrow $5,000 to $75,000 over 1 to 7 years.
Interest rate from |
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Comparison rate from |
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Features
- Ability to make early or extra repayments, or repay your loan early, without additional costs
- Flexibility to increase your loan (subject to credit assessment)
- Access to extra money paid (redraw)disclaimer
Things to consider
- Your interest rate and repayments may increase or decrease during the term
The interest rate range shows the minimum and maximum rate that may apply. Your interest rate will be confirmed in your Letter of Offer (if approved).
Loan approval fee
$150
Loan administration charge
$10 per month, debited every three months until the loan is closed in ANZ systems.
Late payment fee
$20 will be charged if your repayment is 5 days late or more. A further $20 will be charged monthly until repayments are up to date.
Early repayment charges (fixed rate loans only)
You may incur an Early Repayment Cost, which may be significant, if you make early or additional payments. See Early Repayment Costs (PDF) and Consumer Lending Terms and Conditions booklet (PDF).
General
ANZ Fixed Rate Personal Loan
Loan Approval Fee |
$150 |
Loan Administration Charge |
$10 per month, debited every three months until the loan is closed in ANZ systems. |
Early repayment charges |
Early Repayment Costs may apply if you make early or additional repayments, see Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF) for further information. |
Late Repayment Fee |
$20 will be charged if your repayment is five days late or more. A further $20 will be charged monthly until repayments are up to date |
ANZ Variable Rate Personal Loan
Applying for a personal loan
Any information provided is general in nature and does not take into account your personal needs, financial circumstances or objectives and you should consider whether it is appropriate for you. ANZ recommends you read the applicable Terms and Conditions booklets and the ANZ Financial Services Guide (PDF) before deciding whether to acquire, or continue to hold, a particular product.
All applications for credit are subject to ANZ’s credit assessment criteria. Terms and conditions are available on application. Fees and charges apply. Australian credit licence number 234527.
This offer is available for a limited time to customers who apply for a new or increase their existing ANZ Personal Loan between 16 October 2024 and 04 May 2025. This offer may be withdrawn or changed at any time without notice. The loan must be approved, and the funds drawn down to be eligible for the offer. The cashback payment will be paid within 120 days of drawdown into the transaction account which the loan funds are disbursed into. For joint applications, only one cashback payment will be paid in total for the application and will be paid to the first listed applicant. For joint applications, the account for funds disbursements must include the name of the first listed applicant. Applications for a joint ANZ Personal Loan or an increase of a joint ANZ Personal Loan may only be made in branch. If a customer closes their ANZ Personal Loan account or transaction account before the cashback payment is paid, they will become ineligible for the cashback payment. Applications for credit are subject to ANZ’s eligibility and credit assessment criteria. If you have any questions about the tax treatment of the cashback offer, please discuss with a tax agent or the Australian Tax Office.
ReturnApplications must be submitted at an ANZ branch, and approved before noon Monday to Friday (AEST), and customers must have approved funds deposited into an existing ANZ everyday account. For a full list of eligible ANZ everyday accounts, please contact us on 1800 801 485 between 8am to 6pm (AEST) weekdays.
ReturnThe ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available here for iOS (PDF) and here for Android (PDF) and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.
ANZ App for Android is only available on Google Play™. ANZ App for iPhone is only available from the App Store.
ReturnWe tailor your interest rate based on our assessment of your credit score. Where you have demonstrated good credit based behaviour, such as not opening too many credit products or making repayments on time for your other credit products, this will be reflected in your credit score and you may be offered a rate in the lower end of our range. Where your credit history isn’t as long, or as good, or you have made many applications in a short period of time, this may negatively impact your credit score and you may be offered a rate at the higher end of the range.
ReturnInterest rates as at and are subject to change. These interest rates may be withdrawn or changed at any time without notice and may not be available in conjunction with any other offers, packages, or promotions.
ReturnThese comparison rates are based on a $30,000 Personal Loan for a five year term. The rates are applicable for unsecured loans only.
WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates.
Fixed rate personal loans aren’t for everyone and early repayment fees and charges, which may be significant, may apply if you make early or additional repayments or repay your loan early. Refer to Early Repayment Charges (PDF) and ANZ Consumer Lending Terms and Conditions booklet (PDF).
ReturnTerms and Conditions and eligibility criteria apply to ANZ Redraw. For further information on ANZ Redraw please refer to the ANZ Consumer Lending Terms and Conditions (PDF).
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