If I apply online, is my privacy protected?
Can anyone apply for a loan?
Yes if you are over 18 years and working full time. We check all our application forms very thoroughly and if there is a problem we will contact you. In the meantime, simply apply and we can go from there together.
What term can my loan be over?
The usual term for a bike loan is 2-5 years. The majority of people take it over 5 years.
Can I buy a bike privately? Can I buy from a dealer?
Yes you can buy a bike privately and we are able to finance the purchase.
What is the interest rate going to be?
The interest rate applicable on the loan is dependant on the strength of the applicant
Is the interest rate fixed or variable?
The interest rate is fixed.
Can I pay the loan out early?
Yes, with all our loans you can pay them off early. However depending on who you finance your loan with, there may be an early termination fee payable.
How can I find out the payout figure?
Give us a call and we can advise you of your payout figure.
When do I make my first payment?
Usually it is a month after the settlement date. This depends on the finance company as there are some instances where we may be able to choose your first payment date.
How do I make my loan repayments?
You can choose to make your payments via direct debit or BPAY.
How do I make extra repayments?
Usually you can make extra repayments via BPAY however your personal broker can advise you the best way to do this.
Will I pay less interest if I payout my contract early?
Yes, interest is calculated daily, therefore the less you owe, the less interest you pay.
How do I get a good credit rating?
To get a good credit rating it is best if you stay in your loan for a minimum of 6 months and show a payment history that is early or on time.
I’ve got a bad credit rating. Can I still get a bike loan?
We do finance applicants with bad credit ratings. We specialise in this area and have numerous lenders who can assist.
TIP: Try not to put numerous enquiries on your credit file by applying to many lenders.
How is the interest calculated?
Interest is calucluated daily
Can I get a zero deposit approval?
Depending on your profile you may be eligible for a zero deposit approval. We will try to get the lowest deposit approval we can.
What do I need to apply for a loan?
Privacy form signed, Bank statement, drivers licence and relevant class of licence and payslips.
Do I need to have insurance on the bike?
Yes whenever there is finance on a bike you must have valid certificate of currency (insurance policy) covering you.
How old can the bike be to finance?
Most lenders have a condition where the bike can not be older than 12 years at the end of the term of your loan.
Can you find me the bike of my dreams?
Yes we can help you find the perfect bike for your situation. Give us a call.
Can I finance an imported bike?
Yes you can. Just ring to speak to one of our Loan specialists to discuss the details and options open to you.
Can I get pre-approval before purchasing?
Yes we can definitely organise a pre approval for you.
How long does it take to get approved?
We can usually get you an approval within 24 hours
I have an international or overseas Drivers licence – can I apply for a bike loan?
This can depend on the visa/PR conditions individual to you. Call us for more information.
I am in Australia on an overseas visa – can I apply for a bike loan?
If you are living and working in Australia on a 457 Visa, you can apply for a bike loan through Best Loans. Please note that the term of your loan does need to end 3 months before the expiry of your visa.
What happens now that my loan has been approved?
Organise a time for you to sign the documents and usually within 24hrs you can take delivery of your new bike.
How do I apply for a Motorbike loan?
You can apply online now or give us a call on 1300 317 738
Apply online 24×7 or contact us on 1300 317 738 for more information about motorcycle finance in Perth.