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Get Riding With Jacaranda’s Motorbike Loans
June 2, 2020● 9 minute read●
Written by - Jacaranda Team
Want to get a new motorbike?
Riding a motorbike with nothing but open road in front of you is incredibly freeing. It’s even better when you’re making the trip on your favourite bike. The only downside – purchasing and maintaining a motorbike is expensive. If you’re interested in buying a new motorbike or adding to your collection you’re probably aware of just how much a good bike can set you back. But never fear, with our motorbike loans, Jacaranda Finance is here to save the day.
Below, we’ll give you the in’s and out’s of motorbike loans; What they are, what they can be used for, different types, and our eligibility criteria. Sound good? Let’s get started!
Introducing Jacaranda Finance
We are Jacaranda Finance, a local lender that specializes in providing solutions for everyday Aussies’ cash flow problems. We pride ourselves on giving everyone the fair go they deserve at accessing finance online. We’ve been around for a few years now and we’re pretty confident that when it comes to personal finance, we’re one of the best there is.
Not only do we have some stellar loan products on offer, like our motorbike loans, but we’re also seriously on point when it comes to providing great customer service. We believe that finance is perceived as being harder than it really needs to be. Whether that’s applying for a short term loan or getting the information you need to make an informed choice, we’re here to make it easy.
If you’re looking for a local small loans company that actually cares about their customers, then you’ve come to the right place. Here at Jacaranda, we know that customers are at the core of our business. Instead of acting predatory, which is what most people think of when it comes to lenders, we’ll treat you as we would a dear friend – with the utmost respect!
What are motorbike loans?
Motorbike loans are quite simply personal loans that are applied for and used for the specific purpose of purchasing or repairing a new or used motorbike. They’re designed to be easy to apply for and quick to process, so you don’t have to wait around for days or even weeks to get an outcome.
What can motorbike loans be used for?
The beauty of motorbike loans is that they’re super flexible. While their primary purpose is for the purchase of a new or used motorcycle, they can be used for a number of other related reasons as well. Here are just some of the reasons that they can be used for:
- Buying a new or used motorcycle
- Building a motorcycle
- Repairing a motorcycle
- Buying a scooter
- Motorbike insurance
- Mechanical costs
- Upgrading your bike
- Customising your bike
- New tyres
And any other reason that you might need a motorbike loan for related purposes. We know that having the money on hand to buy or repair a motorcycle might not always be an option for many people. But this is why our motorbike loans are so flexible.
Who can apply for motorbike loans?
To be eligible for motorbike loans, there are a few eligibility requirements that you must meet first. We want to give as many Aussies as possible the opportunity to apply for a personal or vehicle loan. With this in mind, we only require a few things from you before you submit an application. To be eligible for, you must:
- Be at least 18-years of age at the time of application;
- Have an active Australian phone number and email address;
- Be an Australian citizen or permanent resident;
- Have internet banking set up;
- Have a regular income for at least the last 3-months being deposited into a personal bank account.
As you can see, our eligibility criteria aren’t too strict. If you can meet these basic requirements, then you’re more than welcome to submit an application with us!
Jacaranda motorbike loans?
Jacaranda Finance offers both personal loans and vehicle loans. Our personal loans range from $300 to $10,000. These can be perfect for repairing or registering your motorbike. There are said to be 3 types of personal loans. These are:
|Loan Type||Secured Options||Loan amount||Loan term|
|Small Loan||Unsecured||$300 to $2,000||12 months|
|Medium Loan||Can be Secured||$2,100 to $4,600||9 to 24 months|
|Large Loan||Secured||$5,000 to $10,000||9 to 36 months|
If you’re applying for a new or used motorbike, you’ll be required to apply for a vehicle loan. Jacaranda’s vehicle loans range from $5,000 to $35,000 and typically require you to secure your loan with the vehicle (motorbike) you’re purchasing. This is to cover the cost of the loan if you’re unable to afford the repayments. However, Jacaranda will only consider repossessing your vehicle as a last resort.
How do you apply for motorbike loans?
We’ve made the motorbike loans application process as simple and easy as can be. We know that you don’t have time to spend hours filling out overly complicated application forms or trying to hunt down several months’ worth of paperwork. In this day and age who even has time for that? Rather than making the application process as complicated as possible, we’ve devised a quick, simple application form that will take you just a few minutes to complete. Don’t believe us? Take a look at just how easy it is right here.
Step one: Apply online
To begin your application scroll up to the top of this page. Begin by letting us know how much you would like to borrow and for how long and then hit the ‘Apply Now’ button. Your application is off to a flying start.
Step two: Fill out the application form
Next, we’ll grab a few important details from you such as your name, date of birth, employment status and your reason for applying for a loan. We’ll also get you to upload a couple of documents for us. Don’t worry though, it’s all online and will be a simple process. This part of the process should only take a couple of minutes at most. Double-check your answers to make sure they’re correct and hit ‘Submit.’ Your application will now make its way to our specialised assessment team who get to work on it straight away.
Step three: Get assessed
Now that our team has your application our specialists will start the application process. They’ll conduct a thorough assessment of your application to double-check that the motorbike loan you’ve applied for is suitable and affordable for you. If we need any further supporting information, we’ll get in touch with you via SMS, email or a quick phone call.
Step four: Sign your contract
Next we’ll give you an outcome. If you apply during business hours, you could get your outcome in just 60 minutes! If approved, we’ll send over a loan contract for you to review and sign. Once you have agreed to the terms and conditions of your loan contract and are happy with the offer made, we’ll get you to e-sign your contract and send it back to us.
Step five: Get your cash!
Once we’ve received your signed contract we can then release your funds to you with the next round of banking. Depending on who you bank with, you could receive your money in your account in as little as 60-seconds (for NPP-enabled banks). Otherwise, your money will be in your account overnight at the very latest.
New vs used motorbikes
Now you’re probably wondering whether you’ll get the most out of your money with new or used motorbikes. The choice is entirely dependent on your individual circumstances and preferences. New bikes are always going to be more expensive, but they will come with more guarantees and warranties that will give you some peace of mind. These guarantees could be worth the money especially if your bike starts having issues from the get-go (this can sometimes happen). There’s also something special about buying brand new and knowing that you’re the first owner.
Used bikes on the other hand also have a few great perks to keep in mind. Used bikes tend to be a little on the cheaper side and this is great as you may be able to get your hands on a better model used motorbike that would have been out of your price range if you were to buy new. Aim for a bike that isn’t too old and hasn’t done too many km’s and you could get yourself a seriously good deal. Just keep in mind the fact that buying a used bike may mean that you lose out on the guarantee or warranty you’d get with a new bike.
Why choose Jacaranda Finance?
Here at Jacaranda Finance, we pride ourselves on our reliability and trustworthiness. Jacaranda is all about transparency and our customers being well-informed and well-educated. We strive to always put our customers first to ensure that they have the best possible experience with us that they can. We promise that we will never charge you a fee that hasn’t been clarified in your motorbike loans contract and we take pride in the fact that we have nothing to hide. With Jacaranda, what you see is what you get.
It’s no secret that we provide some pretty amazing loan products with even better customer service. If you have any questions about the loan application process, don’t hesitate to get in touch and have a friendly chat with our team. They’re always happy to answer any questions or queries that you may have about us or our loan products!
Ready to ride away?
If you like what you’ve seen so far and want to submit an application for Jacaranda’s affordable motorbike loans, simply scroll up and start filling out our super easy application form at the top of this page. Whether you’re looking for a small loan or a larger loan, Jacaranda Finance can help. Congrats on taking the first step to buying that new bike or repairing an old one. Your inner child who just wants to be cruising down the highway will thank you when you’re finally free to feel the wind in your hair. The next step? Some rad personalised riding leathers and a helmet.
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Written by Jacaranda Team