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Motorbike Finance

The motorbike you have been dreaming of is just a click away. South African lenders offer a variety of loan options to help you. Our calculator below will help you to compare these loan options.

Simply input the loan amount that you would like to borrow and then select the desired loan term. Once you click calculate, you will see what your expected monthly repayment will be like. This way you can budget better for your motor bike loan.

Calculate repayments

Calculate your affordability and apply for the loan you need for a new or pre-owned car, motorbike, boat, caravan or microlight.

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR200,000

Minimum term (months)12 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)10.25%

Vehicle finance APR10.25%

Monthly repayments (approx)R2,208

Total repayments (approx)R132,480

Total interest repayments (approx)R32,480

Rate typeFixed

Secured or unsecuredSecured

GO TO Standard Bank of South Africa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesNo

SponsoredNo

Telephone0860 123 000

Data accurate as of18.01.2020

Minimum monthly incomeR8,000

GO TO Standard Bank of South Africa

Hide info -

Get a principal decision within 24 hours if all necessary documents have been provided.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)240 months

Vehicle Finance interest rates (base)12.25%

Vehicle finance APR12.25%

Monthly repayments (approx)R2,295

Total repayments (approx)R137,700

Total interest repayments (approx)R37,700

Rate typeFixed

Secured or unsecuredSecured

GO TO Mercantile Bank

Other Fees & Information

Monthly feeR57.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 11 99 25

Data accurate as of18.01.2020

Minimum monthly incomeUnknown

GO TO Mercantile Bank

Hide info -

Experience the joy of owning your car while you are paying it off with our flexible instalment sale agreement. Own the vehicle while you are paying it off. Reduce your monthly payments by choosing a balloon payment or by paying a deposit. Choose a monthly repayment from 24 - 72 months. Fixed or variable interest rates available

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)24 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed

Secured or unsecuredSecured

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 100 372

Data accurate as of18.01.2020

Minimum monthly incomeR2,000

GO TO Absa

Hide info -

What Dealership Finance offers: A tailor-made vehicle finance solution. Choice of fixed or variable rate. A reasonable balloon payment or residual value to match your agreement choice. What this allows you to do: Buy a vehicle from a dealership. Buy a vehicle up to 10 years old. Finance a vehicle for at least R30 000 after deposit.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Vehicle Finance interest rates (base)9.00%

Vehicle finance APR9.00%

Monthly repayments (approx)R2,146

Total repayments (approx)R128,760

Total interest repayments (approx)R28,760

Rate typeFixed

Secured or unsecuredSecured

GO TO First National Bank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0861 113 010

Data accurate as of18.01.2020

Minimum monthly incomeR6,000

GO TO First National Bank

Hide info -

Buy or sell a vehicle privately. Finance a vehicle up to 20 years old. Finance a vehicle for at least R30 000 after deposit. Retrenchment Policy: Pays up to 9 monthly instalments when you are involuntarily retrenched and remain unemployed. Courtesy Car Policy: Pays for the use of a courtesy car for up to 21 days if your car is stolen, written off or damaged. The interest rate is tailor made to suit you. Within 30 minutes you'll get an answer on the outcome of your application.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Vehicle Finance interest rates (base)9.00%

Vehicle finance APR9.00%

Monthly repayments (approx)R2,146

Total repayments (approx)R128,760

Total interest repayments (approx)R28,760

Rate typeFixed

Secured or unsecuredSecured

GO TO First National Bank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0861 113 010

Data accurate as of18.01.2020

Minimum monthly incomeR6,000

GO TO First National Bank

Hide info -

Are you in the market for a vehicle between R40 000 and R250 000? We provide a loan for vehicles up to 20 years old* at accredited dealers countrywide.

Overview

Initiation feeR1,207.50

Minimum loan amountR40,000

Maximum loan amountR250,000

Minimum term (months)6 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)10.00%

Vehicle finance APR10.00%

Monthly repayments (approx)R2,195

Total repayments (approx)R131,700

Total interest repayments (approx)R31,700

Rate typeFixed

Secured or unsecuredSecured

GO TO Nedbank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 103 582

Data accurate as of18.01.2020

Minimum monthly incomeR5,000

GO TO Nedbank

Hide info -

Calculate your affordability and apply for the loan you need for a new or pre-owned car, motorbike, boat, caravan or microlight.

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR200,000

Minimum term (months)12 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)10.25%

Vehicle finance APR10.25%

Monthly repayments (approx)R2,208

Total repayments (approx)R132,480

Total interest repayments (approx)R32,480

Rate typeFixed

Secured or unsecuredSecured

GO TO Standard Bank of South Africa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesNo

SponsoredNo

Telephone0860 123 000

Data accurate as of18.01.2020

Minimum monthly incomeR8,000

GO TO Standard Bank of South Africa

Hide info -

Get a principal decision within 24 hours if all necessary documents have been provided.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)240 months

Vehicle Finance interest rates (base)12.25%

Vehicle finance APR12.25%

Monthly repayments (approx)R2,295

Total repayments (approx)R137,700

Total interest repayments (approx)R37,700

Rate typeFixed

Secured or unsecuredSecured

GO TO Mercantile Bank

Other Fees & Information

Monthly feeR57.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 11 99 25

Data accurate as of18.01.2020

Minimum monthly incomeUnknown

GO TO Mercantile Bank

Hide info -

Finance your new or used leisure vehicle such as classic car, motorbike, boat or caravan. Finance to buy a leisure vehicle from a dealership. You have a choice of Fixed or Variable interest rates. Courtesy Car Policy: Pays for the use of a courtesy car for up to 21 days if your car is stolen, written off or damaged. The interest rate is tailor made to suit you. Within 30 minutes you'll get an answer on the outcome of your application.

Overview

Initiation feeR1,207.50

Minimum loan amountR30,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed or Variable

Secured or unsecuredSecured

GO TO First National Bank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0861 113 010

Data accurate as of18.01.2020

Minimum monthly incomeR6,000

GO TO First National Bank

Hide info -

Low deposit requirement. No monthly admin fees. Competitive pricing. Annual lump sum option available. Option of fixed or variable repayments. Up to 72 months.

Overview

Initiation feeR1,207.50

Minimum loan amountR20,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed

Secured or unsecuredSecured

GO TO Albaraka Bank

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 225 786

Data accurate as of18.01.2020

Minimum monthly incomeR2,000

GO TO Albaraka Bank

Hide info -

Experience the joy of owning your car while you are paying it off with our flexible instalment sale agreement. Own the vehicle while you are paying it off. Reduce your monthly payments by choosing a balloon payment or by paying a deposit. Choose a monthly repayment from 24 - 72 months. Fixed or variable interest rates available

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)24 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed

Secured or unsecuredSecured

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 100 372

Data accurate as of18.01.2020

Minimum monthly incomeR2,000

GO TO Absa

Hide info -

Islamic Vehicle Finance will ensure that you get the vehicle you want, whether it is for business or personal use, in a fully Shari'ah-compliant manner. Using the concept of Ijaarah, which is similar to leasing, you can enjoy access to a vehicle for a fixed period and price. This approach is Shari'ah-compliant and allows you to benefit from unique advantages, such as 100% financing and tax benefits. Variable and fixed rental fees for the duration of the lease. Flexible payment options to reduce your monthly rental fee

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)24 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed or Variable

Secured or unsecuredSecured

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 100 372

Data accurate as of18.01.2020

Minimum monthly incomeR2,000

GO TO Absa

Hide info -

With our car lease agreement you can get the car you really want and you have the option of upgrading to a new car more often. You decide whether you want to buy the car at the end of the finance period. Lower, more affordable monthly payments. Lower or even no deposit. Full use of the car for the lease period without the hassle of ownership. You can drive a brand new car every 2 - 4 years. Maintenance costs are fixed. Reduced monthly payments by choosing a balloon payment or paying a deposit. It’s mandatory to have insurance to get vehicle finance. The fixed monthly payments are tax-deductible if you are VAT registered.

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)24 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed

Secured or unsecuredSecured

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 100 372

Data accurate as of18.01.2020

Minimum monthly incomeR2,000

GO TO Absa

Hide info -

If you opt for a rental agreement you have full use of your vehicle without ever owning it. You will get: Full use of the vehicle or any other asset without the hassle of ownership, drive an expensive vehicle or asset without having to buy it , only pay for the use of the vehicle or other asset. It is an option to manage cash flow , affordable, fixed monthly payment, repayment period of up to 72 months. The choice of lower monthly repayments by opting to make a balloon payment at the end of the rental period

Overview

Initiation feeR1,207.50

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)24 months

Maximum term (months)72 months

Vehicle Finance interest rates (base)12.50%

Vehicle finance APR12.50%

Monthly repayments (approx)R2,320

Total repayments (approx)R139,200

Total interest repayments (approx)R39,200

Rate typeFixed

Secured or unsecuredSecured

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Other feesR0.00

Missed payment feeUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Exit / early repayment fee

For used vehiclesYes

SponsoredNo

Telephone0860 100 372

Data accurate as of18.01.2020

Minimum monthly incomeR2,000

GO TO Absa

Hide info -

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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of car loan are you looking for?

Compare motorbike finance options in South Africa

Are you thinking of buying a motorbike in South Africa? If you’re worried about the costs, then motorbike finance can come to your rescue. There are various offers which you can take advantage of from South African lenders.

Our motorbike finance calculator will help you compare these loan offers by showing you the expected monthly repayments for each loan. On top of that, find out more crucial information about motorbikes and motorbike finance by reading the rest of this article.

Motorbike finance South Africa: General Overview

  • Minimum loan amount: R10 000
  • Maximum loan amount: R300 000
  • Loan term: Generally varies from 6 months to 7 years depending on whether the motorbike is new or not
  • APR: The Annual Percentage Rate includes the interest rate and other costs involved with taking out a motorbike loan. The maximum interest rate is 27.5%, but other fees such as service fee and initiation fee also apply.

What is motorbike finance, and how does it work in South Africa?

Motorcycle finance is there to help you buy and drive the motorbike of your dreams. It allows you to borrow the cash you need to make the purchase. In turn, you can pay back the money through affordable monthly repayments. There are also specialized motorbike loans such as:

  • Ducati motorbike finance – This helps you to buy a motorbike at your chosen Ducati dealer. These are expensive, high-end Italian motorbikes and Ducati motorbike finance allows you to enjoy the excitement and thrill of driving a high-powered, state-of-the-art machine.
  • Off-road motorbike finance – You can get off-road motorbike finance if you want to purchase a particular dirt bike. Typically, off-road motorbikes are a type of motorcycle that can be driven over rough surfaces like unpaved roads, sand, gravel, or mud.
  • Used bike finance – As the name suggests, this type of loan is used for buying a second-hand motorbike.

Most vehicle finance institutions offer motorbike financing. The loan you receive can also be secured or unsecured. A secured loan means you use the motorbike as security for the loan. In such cases, you risk losing the motorbike if you fail to pay your monthly instalments.

What kind of motorcycle should you buy?

Thinking about which bike to buy can be confusing since there are so many available options. Here’s a checklist that helps you with your final choice as you shop around for the perfect motorbike:

  • Motorbike type – Common types include sports motorbikes, standard motorbikes, dirt bikes, and cruiser motorbikes. It all depends on what you want to use the motorbike for.
  • Motorbike brand – Some brands are considered more quality than others. The best brand is one that offers you value for your money.
  • Engine capacity – This is typically measured in “cc” terms. The average range is between 50cc and 1500cc. Motorbikes with larger engine capacities are more powerful and vice versa.
  • User-friendliness – Always test drive the motorbike before paying for it. In this way, you can figure out if it drives well and whether it has balance and easy handling or not.
  • Other features – Things like height of the motorbike, adjustable seats, and easy to use controls ensure that the motorbike is safe to ride.

Choosing the best motorcycle loan for you

Deciding on the best motorbike loan is all about asking yourself the right questions and looking for the correct answers. Here are a few questions that will guide you on which motorbike loan is best for you:

  • How much can I afford? – Choose a loan that lets you borrow the amount you need and can afford.
  • How long do I need to pay back the loan? – Paying back the credit should also be a comfortable and affordable process. Choose the loan term that is suitable for you. Also, find out if the loan allows you to make extra payments in the event that you decide to pay off the motorbike loan earlier than expected.
  • How much is the interest rate? – A lower interest rate means the total cost of your loan will also be lower.
  • What are the other fees involved? – To avoid hidden fees that increase the total cost of your loan, find out as much as you can about any additional fees.
  • Should I take a secured or unsecured loan? – A secured loan usually has lower interest rates since you are using the motorbike to guarantee the loan. However, you can lose the motorbike if you don’t pay the loan as per agreement. On the other hand, unsecured loans have higher interest rates but more flexible repayment terms.

How to apply for a motorbike loan

To begin with, standard requirements when applying for motorbike finance are as follows:

  • a good credit score;
  • a valid motorbike license or learner’s license;
  • south African ID;
  • a minimum monthly income that is usually above R5000;
  • proof of income. (Bank statements or payslips that are less than 3 months old); and
  • you should be at least 18 years.

Before applying, use our motorbike finance calculator for South African lenders. After choosing the right lender, click on the “Go to Site” button. This takes you to the lender’s website where you can begin the online application process.

Frequently asked questions

Can I get motorbike finance with bad credit?

There are loans for bad credit available in South Africa. Furthermore, some lenders don’t carry out a credit check on you when you apply.

Should I get a new or used motorbike?

New motorbikes are often more expensive than used ones. The important thing is to take out a loan you can afford to pay back. If you decide to buy a used motorbike, please note that older models, stolen, or damaged motorbikes do not qualify for motorbike finance.

Can I use the motorbike loan for other purposes?

Motorbike finance is strictly associated with the purchase of a motorbike. However, some loans also allow you to use the money to buy motorbike insurance.

What is the difference between variable and fixed interest rate?

Choosing variable interest rates for your motorbike loan means your interest payments will change over time. On the other hand, fixed interest rates do not change.

Use our motorbike finance calculator for South Africa

This quick motorcycle finance calculator helps you to calculate the monthly repayments for your loan. Enter the loan amount you want as well as the loan term, and then click on “Calculate Repayment.” This function allows you to pick the most affordable option.

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