Most typical Harley-Davidson loans will require 10%-20% down.
| Bike Amount | 10% Down | 40% Down |
|---|---|---|
| $15,000 | $1,500 | $6,000 |
| $20,000 | $2,000 | $8,000 |
| $25,000 | $2,500 | $10,000 |
| $30,000 | $3,000 | $12,000 |
Do banks give loans for motorcycles?
Motorcycle loans: Motorcycle loans are specialty loans offered by some banks, credit unions, and online lenders. Depending on the lender, they can be secured or unsecured, but unsecured loans tend to have higher interest rates than secured ones.
How can I get motorcycle loan in Philippines?
Documentary Requirements
- Complete filled out and signed Auto Loan Application Form.
- Clear copy of valid government-issued ID.
- Latest BIR Form 2316 or 3 months pay slip or Certificate of Employment (COE) / Employment contract for OFW.
Is it easy to get approved for a motorcycle?
Motorcycle financing with us is really a pretty simple process with high loan approval rates. If you have bad credit or no credit, most new or used motorcycle dealers will mae it seem nearly impossible to get you approved for financing.
How long do motorcycle engines last?
With proper care, motorcycle engines can last 200k miles or even more in the big touring bikes like the Honda Gold Wing. In contrast, you can’t find too many high-performance sportbikes out there with more than 60k-80k miles.
Is it hard to get approved for a motorcycle loan?
Motorcycle financing is not something that we consider hard to do. Motorcycle financing with us is really a pretty simple process with high loan approval rates. If you have bad credit or no credit, most new or used motorcycle dealers will mae it seem nearly impossible to get you approved for financing.
How long does it take to get approved for a motorcycle loan?
A bike loan usually only takes a few hours to be approved, however complex or difficult applications can take a few days. Once approved original finance documents must be signed and the supplier will be paid directly, usually within 1-2 days.
How can I get loan in BPI for motorcycle?
Steps in Securing a BPI Motorcycle Loan
- Select Motorcycle and Dealer.
- Apply for the Loan (Fill-up and Submit Documents)
- Ask the dealer to fax/e-mail quotation to the assigned loan supervisor (the Loan Supervisor’s contact information will be sent via text by BPI if they have your number on file)
