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Bike and Motorbike Loans

If it’s on two wheels, our bike loan can get you moving

Low rate loans from

7.4 % APR

Representative on £7,500 to £25,000

Representative on £7,500 to £25,000

Adventures await. Apply for a low-rate bike loan today

From motorcycles to scooters, road bikes to e-bikes — if it’s got two wheels, our bike loans are ideal. Borrow from £1,000 to £35,000 and simply pay it back in fixed-rate monthly instalments. Why splash all your cash in one go or wait for your savings to grow when you can use a loan to fund your bike or motorcycle instead?

What is a bicycle loan?

A personal loan can make the cost of a bike much more manageable by allowing you to spread the cost of a big-ticket item. No deposit needed, no balloon payment waiting for you at the end of your term. Just one simple repayment to make each month until your loan is settled. Here are just some of the benefits of getting a bicycle loan from Novuna Personal Finance...

  • Borrow between £1,000 and £35,000 to buy your dream bike outright

  • Spread the cost of your bike loan over 2 to 7 years

  • Quick online application form that can be completed in minutes

  • Funds could be yours within 48 hours

  • Competitive interest rates from 7.4% APR Representative (£7,500-£25,000)

  • Easy to make extra payments or settle your loan early

  • No hidden costs or arrangement fees

  • Manage your account online or via our app

Have you got a budget in mind?

With our bicycle loan calculator, you can find out how much a loan could cost. You can also use it to work out how much you could borrow based on your monthly budget.

Bike Loan Calculator

Find out how much our loan could cost each month and in total based on our representative APR. Simply change the amount you wish to borrow or the loan amount to get an instant result.

Choose how to calculate your loan repayments

Representative Example:

Monthly repayment


Interest rate

{value}% APR

Total amount payable


Loan amount


Loan Term

{value} months

Apply Now

A loan of £7,500 over 5 years: rate of interest 7.4% (fixed), 7.4% APR Representative, monthly repayment of £149.09, total repayment of £8945.40

Remember, the rate you are offered may vary due to personal circumstances and loan amount, the majority of our customers receive the advertised rate. However, if you complete an application directly via the Novuna Personal Finance website and are given a higher APR, we guarantee that you'll never pay more than £236.39 per month with our maximum 32.7% APR Representative when you borrow £7,500 over 5 years*.

The maximum APR you could be offered when you borrow other loan values is 36.4%*. All loans are subject to status.

*Only for applications carried out directly via the Novuna Personal Finance website

How does a bike loan work?

A bike loan is a type of unsecured loan that allows you to choose how much you want to borrow and over how long. As you’ll be effectively a cash buyer, you can get the bike or motorcycle of your choice from anywhere, including private sellers or dealerships. No restrictions.

It’s simpler than you might think to use a personal loan to buy a bike:

  • Apply online in minutes and get an instant decision on your application
  • If accepted, read and sign your credit agreement
  • The money you need will be with you in just two working days so you can start looking for your new wheels
  • Pay back your loan in fixed-rate instalments, with the option to make overpayments or settle your loan early free of charge

What can I use a bike loan for?

A personal loan can be used to fund the bike that suits your lifestyle best. Whether you’re into endurance cycling or seek laid-back rides with your friends or family beside you, you can take out a loan to fund any bike or biking accessories.

Road bike

Improve your fitness, make your commute more convenient or simply take off on new adventures with a road bike.

Our road bike loans, starting from just £1,000, are a great way to make the cost of a pushbike more manageable.

Electric bike

An e-bike is a great way to get around, whether you’re swapping a stressful commute to cruise the city streets or want to enjoy low-impact exercise.

With an electric bike loan, you can borrow up to £35,000 and pay it back over a term to suit you.

Mountain bike

Looking to challenge yourself on that new adrenaline-fuelled trail? A mountain bike is a must-have for fitness fanatics or biking enthusiasts.

With a mountain bike loan you can choose the best model for you, with no deposit required and no restrictions on where you buy your new bike from.


Whether you’re a beginner or a seasoned rider adding to your collection, a motorbike loan can help you reach your destination much sooner.

A motorcycle loan allows you to spread the cost of your bike over more manageable monthly repayments.

Different ways to finance a bike

There are a few options when it comes to bike or motorcycle financing. These include taking out a personal loan, using consumer finance offered by a retailer or considering finance options such as PCP or HP.

Get a personal loan

With a personal loan, you’re in the saddle. Simply borrow the money you need and pay it back over a term that suits you. Our personal loans are unsecured, so you won’t need to put up your bike as collateral. Our lending decision will be based on your personal circumstances, credit history, loan amount and term.

There’s no deposit or balloon payment to worry about, and no restrictions on where you buy your bike from. Just fixed-rate monthly repayments that stay the same each month to help you manage your outgoings.

After the first month, you can even choose the date of the rest of your repayments. Simply login to your online account or the Novuna Personal Finance app to manage your loan.

Buy direct from a retailer 

If you know exactly which bike you want and where you want to buy it from, you might find the retailer offers finance options. Like a personal loan, retail finance allows you to spread the cost of your purchase. Depending on the retailer you may be offered interest free finance, or you may be charged a fixed interest rate.

You may be faced with greater restrictions on how much you can borrow or how long you can borrow the money for. It’s unlikely you’d be given the option to spread the cost of your bike over 7 years, as you can using a personal loan.

If you do think retail finance is the best option for you, make sure you borrow from a consumer finance provider you can trust. Why not look out for Novuna Personal Finance at the checkout?

Consider bike finance

Bike finance works in an extremely similar way to car finance. When you choose personal contract purchase (PCP) or hire purchase (HP), you’ll be essentially hiring the bike until the end of your term. Then, you can either return it, replace it or pay a final balloon payment / fee to own your bike outright.

As you'll probably need to put down a deposit and there’s likely to be a balloon payment or fee left to pay at the end of your term, your monthly repayments may be lower compared to a loan as you'll ultimately be borrowing less.

That said, you may well end up paying a higher APR. Always look at the total amount repayable and total interest charges – not just your monthly payments – before making a final decision.

Bike loan FAQs

We deliver a five-star customer experience

Our award-winning customer support team are always on-hand to help. It’s this dedication to providing outstanding customer service that has seen us win a raft of prestigious industry awards, and achieve an average 4.9/5 customer satisfaction score.

Take a look at our real customer reviews, updated in real-time, 24 hours a day, to find out what it’s like to get a loan from us.

Bike buying guides to help you get started

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Apply directly with us to qualify.
Excludes price comparison sites