FAQ

Yes. A broker will source motorbike loan quotes. The broker will use their accreditations with multiple lenders to obtain the most affordable quote.

Motorcycle finance quotes are available online through many brokers and lenders. Buyers can complete the online form and provide the requested details to obtain their quote.

The definition of a loan quote and an approved loan may vary with the lender or broker. Some may provide quotes based on basic details. Others will assess applications in details and source the best offer based on the individual’s credentials and financials. A detailed assessment of the application is required to obtain loan approval. An explanation of any quote and what it represents should be provided by the lender or broker.

The time taken to obtain a motorcycle finance quote will depend on the broker or lender. Where the quote requires only basic details, it may be received online in a few minutes. When the full application is being considered for approval, approval may be received within 24 hours from some brokers.

The inclusions in a loan quote will be detailed by the broker or lender. Most quotes should include lender fees and charges to provide buyers with a workable figure to use to proceed.

Yes. Buyers can request a loan quote based on an estimate of the amount they will need for their loan and indication of the type of machine, new or old, which the buyer is considering buying. Quotes and complete application approval can be sought either before or after purchase.

Quotes for bike loans can be made by completing an online form or by phoning the broker or lender. The information requested can vary depending on the process to be used by the lender or broker to prepare the quote.

A quote for a motorbike loan may involve a quick assessment of basic details to provide an indication of the loan prospects. Alternatively, the quote may be an offer which has been prepared by assessing the financials and credit score and other application details. Most quotes will include an interest rate, monthly repayments and will include lender fees and charges.

When loan quotes are requested from multiple lenders directly, for the same loan, the process can negatively impact the individual’s credit score. When requesting one quote from one lender, there should not be an impact on the score. When requesting quotes from a broker, there is no impact on the credit score. The broker can cover multiple lenders on behalf of customers without credit score impacts.

No. Requesting a finance quote does not involve a commitment to proceed with the loan offer. A commitment is only made when an offer is formally accepted by signing the relevant loan documents.