Buying a motorbike with finance, but you don’t want to use it as security? No collateral to get approved for secured credit? Ask us about our competitive rates and flexible terms for bike financing without security.
Our Jade brokers provide collateral-free motorcycle financing on an accelerated timeline. When buyers select us for their motorbike purchasing journey, they greatly reduce their amount of stress and hassle. With so many variations of unsecured motorbike financing across the lender market, using our expertise to find you the best lender could ensure you get the ideal lending product for your specific circumstances.
Offering financing products that cover the full selection of motorbikes, borrowers have the opportunity to select any bike they want, including road, track, dirt, metro, highway, street, and custom. Our knowledgeable brokers analyse the lending market to match your profile with the best lender possible, allowing you to secure the most competitive rate available for your situation.
Explore your options by contacting us or just submit your application online for fast approval.
Our unsecured bike loans are the ticket for borrowers who want a motorbike loan without pledging any assets as collateral. With this type of financing, our highly regarded services are accessible to more people, and enable borrowers to harness funding without risking their assets.
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Without security or assets provided as collateral, lending is approved based on the creditworthiness of the applicant. Lenders assess credit histories and scores, with high credit scores generally required to gain approval and receive favourable interest rate offers.
Due to the lack of collateral, interest rates are typically higher than for secured lending products. Depending on the guidelines outlined by specific lenders, terms, lending limits and special conditions may be applied. Our extensive list of over 80 banks and lenders means borrowers have more opportunities to find the best offer product available.
Deciding whether to accept an offer is entirely up to the borrower, with unsecured loans desirable for a number of reasons.
Our guides offer quick comparisons and simple explainers to help you rise above the financing process with confidence.
For borrowers wanting the best deal on their bike loan, collateral-free bike financing can provide a number of benefits to suit their scenario. While rates are higher than secured products, using our expert broker services for an unsecured loan means buyers can achieve the best rates possible from our vast pool of lenders.
With an unsecured loan, our lenders will not need time to evaluate the motorcycle, meaning qualified borrowers are able access it much quicker than a secured loan. At Jade Finance we handle each bike loan individually to ensure the loan offer we source is specifically suited to that buyer.
Financing without asset security can provide opportunities for asset-poor, high-credit score buyers to achieve affordable funding. Key benefits of acquiring unsecured loans through Jade include –
Unsecured motorbike loans at Jade Finance makes motorbike ownership accessible to more enthusiasts. We are a well-regarded business in the lending market because of our signature cheap interest rates.
Our brokerage seriously pushes the boundaries when it comes to personalised service, ensuring each and every client is well looked after. By coming to us, buyers are given their own individual broker to handle their financial situation – allowing for effective and accurate assessment of a borrower’s wants and needs.
To start the unsecured loan process, we’ll run a quick eligibility check to confirm you’re able to secure a collateral-free bike loan. In this check, the broad requirements are for applicants to hold a current ABN and provide verifiable identification.
The application process can vary significantly between lenders. By using Jade, this discrepancy is combated seamlessly based on our expert brokers’ wide-reaching knowledge of the motorbike lending sector.
Ensuring a smooth and streamlined process, applicants will first submit their low documentation bike loans enquiry online or by phone with one of our brokers. Conditional approval will then be received based on whether the eligibility criteria is met.
Documents and information are then provided to us to complete the application form, followed by the review and verification process. This includes our brokers selecting the right lender to suit your profile and sourcing a quote or offer with the most competitive interest rate and conditions.
Quotes and offers are provided with no obligation. Your Jade broker will present you with the best offer we have sourced from across our lender panel for you to consider. When the offer is accepted, we work with the lender to move to the final step – settlement and disbursement of funds.
On settlement, the funds are disbursed into the designated bank account. Our process is fast, simple and many applicants can receive their approval in 24 hours.
Secured and unsecured products differ not only with the collateral but in other features. Secured lending will typically use the motorbike as the collateral and the loan amounts approved can vary significantly depending on this. Because secured loans provide more assurance to the lender, larger credit amounts are generally approved.
With secured lending, the lender reduces their risk and can be more certain that the debt is going to be recouped if the borrower defaults on the credit. Without the security of collateral, lenders are at a higher risk of losing money. Which is why unsecured loans will often have higher interest rates and different terms and conditions to compensate for the lack of collateral.
Unsecured finance will generally be offered with fixed or variable rates, while fixed rates will generally apply to products secured with collateral. Variable rates involve the changing of the interest rate in line with market and lender rate fluctuations, and can cause changes in repayment amounts over time.
To educate yourself further on secured and unsecured motorbike financing, call to speak with one of our expert unsecured motorcycle loan specialists.
| Unsecured Motorbike Financing | Secured Motorbike Financing |
|---|---|
| No need to pledge collateral | Enjoy lower interest rates |
| Fast application and approval | Larger loan amount opportunities |
| Flexible use of funding | Lower credit scores considered |
Jade is an experienced finance broker accredited with many banks and lenders. We have direct contact with sources that specialise in motorbike finance, meaning you can access a wide range of motorbike models, from standard commuter bikes to high performance.
Our brokers have been working in the lending sector for a long time and understand that every rider has unique preferences and needs. With a vast selection of models and financing options, we have the advantage of being able to find you the best deal possible thanks to our stellar negotiation and bargaining power.
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THE COMPARISON RATE IS CALCULATED ON A SECURED LOAN OF $30,000 FIXED FOR A TERM OF 5 YEARS, NEW GOODS, EFFECTIVE 16/09/2024 AND SUBJECT TO CHANGE. WARNING: THE COMPARISON RATE IS TRUE ONLY FOR THE EXAMPLES GIVEN AND MAY NOT INCLUDE ALL FEES AND CHARGES. DIFFERENT TERMS, FEES OR OTHER LOAN AMOUNTS MAY RESULT IN A DIFFERENT COMPARISON RATE.
There are a number of benefits to unsecured financing including a lack of requirement for collateral, a quicker approval process, and the ability for the funds to be used for a wider range of purposes like motorbike accessories and insurance. There are also a number of downsides to unsecured motorcycle financing. These downsides include higher interest rates to compensate for the increased risk to the lender; the requirement for a good credit score; and the amount that can be borrowed generally being lower than that of a secured loan.
To qualify for motorbike finance through Jade Bike Loans, you’ll need to meet our lending criteria. If you are over 18 years old, a citizen or permanent resident of Australia, have a good credit history, stable employment, and the required documentation – you could be eligible for unsecured motorcycle financing.
To apply for a loan through our brokerage you’ll need a number of key documents. By talking to your own dedicated broker at Jade Finance, you’ll be guided through all the requirements so you understand exactly what’s required of you. To get the ball rolling you’ll need a valid ID, proof of income, proof of residence, credit information, and any employment details that you can provide.
Your loan application is significantly impacted by your credit score due to it reflecting your creditworthiness. With a higher credit score, you’ll have better chances of approval and the ability to potentially secure lower interest rates. A low credit score can lead to higher interest rates, stricter terms, and even outright denial of your application. When assessing your loan application, lenders rely heavily on your credit score to determine their risk of lending to you.
Yes. With an unsecured motorbike loan, you’ll generally be able to finance a wide range of motorbikes. Some examples include standard bikes, cruisers, sport bikes, touring bikes, adventure bikes, and high-performance models. The benefit of an unsecured loan is that you’ll be able to choose the type of bike that best suits your needs due to the reduced restrictions that are applied.
Generally, an unsecured loan will have a higher interest rate compared to a secured loan. This is due to the increased risk it presents to the lender due to the lack of collateral tied to the loan. Your interest can also be dependent on your individual circumstances including your credit score, income, loan amount, and the policies your lender has.
Unsecured loans have a typically faster approval process than secured ones due to the lack of collateral required. Depending on your lender, the process can take a few hours to a few days. However, at Jade Bike Loans, we generally achieve same-day approvals.
Some unsecured loans may have hidden fees such as application fees, origination fees, late payment fees, and/or early repayment fees. By reading your loan agreement carefully and talking to your lender, you’ll be able to identify the hidden costs before committing.
Unsecured motorbike loans offer a variety of repayment terms. As a borrower, you’ll be able to select a fixed-rate loan with consistent monthly payments, or opt for a more flexible plan that may allow for variable payments. Other payment options including balloon, interest-only, and deferred may also be available depending on your lender.
Your chances of loan approval will be greatly boosted if you maintain a good credit score. To do this – pay your bills on time and reduce any existing debt. Additionally, ensure your application is complete and accurate and include proof that your income is stable.
