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Anyone is welcome to apply for a motorbike loan with us here at Loans Unlimited. We have a broad panel of lenders, so there is always a fair chance for you to get approved. Lenders will consider details about yourself, such as your employment or business, income, and whether or not you’ve filed for bankruptcy.

Based on your application, it’s part of the process to check your creditworthiness and ability to repay the loan. Like with banks and mainstream lenders, your credit history, debt to income ratio, and other personal information will help determine your eligibility and interest rate.

Many of our customers come to us to get motorbike financing for personal use. However, we also encourage individuals who would like to borrow funds to secure a motorbike for business purposes.

Most people are not aware that they can apply for business finance even if they wish to use the motorbike for personal travels. Note that it is required that the motorcycle should be utilised predominantly for the business – that is, more than 50% of the time.

To find out if you are qualified, you can speak to our customer representative or seek advice from your personal tax consultant.

Getting pre-approved is not a requirement when applying for a motorbike loan with us. However, pre-approval helps us learn more about what you would like to purchase once you have been granted financing. It quickens the process because you may already have a specific motorcycle to buy, along with the approximate price of the vehicle.

Loans Unlimited will then assess the amount you intend to borrow against the current value of the motorbike. After that, we will put pre-approval in place to get your application going. Once pre-approved, you can have better chances when negotiating on the showroom floor.

Here at Loans Unlimited, we strive to provide the best loan products at the best possible rate for everyone – no matter what your circumstances may be. Suppose you have had some trouble with your past finances, such as filing for bankruptcy prior to your application. In that case, you are considered a high-risk customer. Nevertheless, there is always an option for you. We will provide you with a different product or offer, which has varied criteria for approval.

Please note that you will be subject to a higher interest rate due to your bad credit rating or history.

One of the biggest concerns when borrowing funds to finance a motor vehicle purchase is the seller. We have been asked this question many times. We are happy to inform our potential customers that you can pick the seller you prefer. You can choose the motorbike from a dealer, auction, or even a private sale. We also accept refinancing for motorbike purchases.

If you plan to buy a second-hand or used bike, we may require a vehicle inspection before acquiring the item. Our staff will inform you about the process for you to know what to do prior to and during the inspection.

Before sending your application, please be aware we have a set of borrower standards/criteria that we follow strictly. But don’t worry; the requirements are pretty straightforward. You will need to be an Australian citizen, of legal age, and with identification documents, such as:

• Driver’s licence
• Passport
• Recent payslips
• Bank statement copies

Remember that each application will mean that your current financial situation will be assessed. We will reach out to you if we require more documents from you. For example, if you recently moved to your current address, we will ask for information regarding your previous address.