Bike and Motorbike Loans

To be eligible to apply for a bike loan with us, you must:

• Be aged 21 or over
• Have a bank or building society account
• Have a good credit history
• Be a permanent UK resident (and have been living in the UK for at least three years)
• Be in permanent paid employment, self-employed or retired with a pension
• Have an income greater than £10,000

You should also not make additional applications within quick succession of each other as this could impact your likelihood of acceptance. If you already have an existing personal loan application, but it no longer meets your requirements, you’ll need to contact our Loans team on 0343 351 9112 rather than making an additional application.

If you meet our eligibility criteria, apply now for a loan. Our application form takes just a few minutes to complete, and the money you need for a bike could be in your account within a couple of days.

• Spread the cost of a big purchase over a longer period, helping you to ride away on your new bike much sooner
• Buy the bike of your dreams from wherever you choose. That means you can select a new or second-hand model from a private seller or a dealership. It’s completely up to you
• You don’t need to put down a deposit. Either borrow all the money you need to buy a bike, or use a loan to top-up existing funds
• Enjoy low rates from 6.9% APR Representative (£7,500-£25,000)
• With fixed-rate monthly instalments, you’ll always know exactly how much money is going out and when, helping you to better manage your outgoings
• The bike will be yours from the get-go, so you won’t need to worry about incurring penalty costs or an end-of-term balloon payment
• Borrow over a longer time frame, up to seven years. Though you’ll pay more interest in total when you borrow over a longer period of time, you could bring your monthly payments down
• A loan is unsecured, so your bike won’t be taken away if you fail to make your repayments. Late or missed payments will, however, be recorded on your credit report. This could affect your ability to borrow in the future

There are a few minor disadvantages to be aware of, though. Getting a bike loan won’t be instant. You might need to wait a few days for the money to come through depending on how quick you sign your credit agreement. That means you’ll have to plan in advance before shopping for your new bike or motorcycle.

You may also struggle to get the best rates on a bike loan if you have a poor credit history, which could impact the overall cost of your loan.

Many retailers may offer you the option to take out finance when you buy an electric bike, road bike mountain bike or even motorbike through them, but it's always a good idea to shop around to make sure you're getting a deal that suits you.

You might find a personal loan offers you greater flexibility. With us, you can spread the cost of your loan between two and seven years. This gives you the option to make potentially lower monthly payments over a longer period.

If you don’t have the ready cash to put down a deposit, a personal loan could help you fast-track your way to a brand-new bike. Our lending decision will be based on your loan amount and term, credit history and personal circumstances. No need to put down a deposit or secure your loan against an asset.

Take a look at our guide on how to buy an electric bike for more information.

Yes, you can use a personal loan to buy an e-bike. Our rates start from as low as 6.9% APR (£7,500-£25,000) and just like with a car, having the cash in your pocket might even help you negotiate a truly electric discount with the retailer!

Our unsecured personal loans allow you to spread the cost of your e-bike over fixed-rate monthly instalments to help you to keep your spending on track too.

Road bikes can be a cost-effective mode of transport, with the most basic models starting from under £200. However, top-of-the-range bikes often cost around £1,000.

E-bikes can cost anywhere from around £1,000 to upwards of £7,000, so they’re more expensive than a non-electric option. A small loan could be a great way to finance an electric bike and boost your pedal power.

Motorcycles are one of the priciest types of bikes and can cost you anywhere from a few thousand pounds up to around £15,000+ depending on the model.

Wondering which bike you can buy with your budget? A personal loan could give you access to the funds you need to buy the top model that might otherwise be out of reach.

APR stands for Annual Percentage Rate. It represents the full cost of borrowing, inclusive of interest and any additional charges, so it is useful when comparing borrowing options.

One of the benefits of our personal loans is that they’re typically fixed rate, which means the interest rate won’t change and you’ll pay back the loan in equal monthly instalments. This is one of the key differences between a low APR loan and other borrowing options such as credit cards.