Getting a motorcycle is like a dream for many people. Who hasn’t fantasized about riding a motorcycle into the sunset while blasting a heavy metal song? Motorcycles have always been in fashion for those who prefer the ‘dirt life’ to the comfy riding experience. But, buying a motorbike can be quite a financial hassle as a bike is pretty expensive. Some people might need fast motorcycle financing to buy their bikes in a short period. But, where can they find quick funds for motorcycle purchases?
Today we have compiled a list of lenders that are known for speedy approval of motorcycle loans for bike enthusiasts. Just scroll down and read the content to gain ideas about different lenders who all focus on providing the funds quickly.
Best Quick Motorcycle Loans for Bike Enthusiasts
You might wonder, why should anyone need quick motorcycle loans. Fast loans can be necessary for buying a motorcycle due to time-sensitive possibilities or transportation necessities. A fast loan process lets you take advantage of special deals, discounts, or unexpected events. It is also a good way to build up credit.
Let’s take a look at some companies that offer quick motorcycle loans for bike enthusiasts.
Motofunds
Motofunds is the go-to guy for people who don’t have good credit. For people with bad credit, Motofunds provides a chance to get the quick and convenient option to get a motorcycle loan. The best thing is that they offer loans upto $50,000 which you can get after applying online and with no long waiting list. They also process the request within a day.
Motofunds offers you a loan amount that can range from $100 to $50,000. It offers you a 36-month time period to pay back the loan on a 6%. You have to make a profile on their website before you apply for the loan. After making the loan request, they will check your identity. If all goes well, you can get your loan within a day.
Motofunds is known for their quick and simple application. It takes just 5 minutes to complete the loan application. The only con is that Motofunds is not the direct lender. They partner with some people who lend the money. So, you are not connected with the lender directly.
Lowcreditfinance.com
Lowcreditfinance doesn’t directly offer motorcycle loans. But, their loan can be a good loan option for people who need a motorcycle loan. The company has flexible policies which help you to repay the loan on your terms.
The company will check your identity and they conduct a rigorous search. The lender will be your income source and it might take some time. There are no offline activities involved in the whole process. They loan out anywhere between $150 to $5,500. They give you a repayment period of 48 months. The interest rate is a little bit high, with the range being 5.99% to 35.99%.
The whole process can be done online, so there is no paperwork or hidden charges. Due to the online application, the decisions can be swift. The company also has a wide range of lenders and gives you alternative options. But there are some catches.
Firstly, there is no guarantee that the application will be approved. The interest rates are quite high compared to other lenders. The company also isn’t available all around the country.
Creditclock.net
Creditclock is another lender that is known for its swift response to loan applications. It offers same-day loans for people who quick emergency funding. The lender has a quite straight-forward process which is online-based and prides itself in speed. The loan applicant has to be a U.S. citizen with a stable monthly income with a good track record.
The Loan amount can range from $100 to $5000. The repayment period is about 3 to 12 months. The interest rate is a little bit high, ranging from 5.99% to 35.99%. You have to ensure that you pay the monthly payment promptly.
Creditclock is known for its simple and fast application process. The loan application can be done on online and is known for its swift acceptance. If you fulfill their requirements, you will get the loan on a single business day. But, Creditclock is not a direct lender and is partnered with reputable lenders. So, You have to ensure that repayment is done on time or you might face repercussions.
Myautoloan.com
Myautoloan is an online lending network specializing in auto loans, although some of its lending partners also offer motorbike loans. Because it’s a lending network, you can get many loan offers from a single application. You can compare rates without having to apply with multiple lenders separately.
Myautoloan is okay with people having bad credit. It processes loan applications pretty quickly and you will receive the loan amount within 24 hours. Due to being a lending network, the interest rate varies. In general, the interest rate stands at 5.25%. You will immediately get 4 loan offers after applying. The application just takes 2 minutes to complete. The repayment period and the loan amount change based on the lender.
My auto loan offers you a lot of loan options for buying a bike. They offer loans for both the purpose of buying new or old bikes. It also offers loans to buy several motorcycle types, including:
-Cruisers
-Scooters
– Mopeds
-Sports Bikes
– Touring Bikes
– Motocross Bikes
Moneylendersquad.com
Money Lender Squad is a platform that prides itself in providing quick short-term loans. These types of loans are also known as payday loans. This allows users quick access to funds even with less-than-perfect credit. There is a shortened application process that can be completed in minutes and results in speedy approval and loan delivery. This makes it a great option for people who are in quick need of cash.
It offers you a loan amount of up to $1000. You have 3 to 6 months to repay the loan. The interest rates vary from 5.99% to 35.99%. The application process takes only 2 minutes. Usually, the loan is approved within a day and you receive the amount within a day.
The only cons of this option are that it is not available everywhere and the high-interest rates of this option.
24MLoans
24MLoans is a lifesaver for people who do not have the best credit. They offer you a quick loan and their minimalistic attitude towards paperwork makes them a good option for people who hate long queues.
The company lends you from anywhere between $500 to $50,000. You will get up to 48 months to repay the loan. The interest rate is not fixed and can range from 5.99% to 35.99%. The company has minimal paperwork to fill up for the loan.
The only con is that not every loan application will be passed by the company. They often run credit checks and might reject any application that might seem risky.
Junglefinance.Com
Junglefinance is a website that is dedicated to providing you with quick financial help to buy your desired motorbike. Junglefinance is dedicated to simple and quick solutions. It offers guaranteed approval on bad credit loans. Their all-inclusive strategy accommodates people with both good and negative credit records, guaranteeing a transparent and paperless financing experience.
The company offers a loan amount that starts from $100. You will get 3 to 4 months to repay the loan, on an interest rate that can vary from 5.99% to 35.99%. You can easily apply for the loan by visiting the Junglefinance website. The company processes the applications instantly and you will get access to the funds instantly if the application is passed. But, You have to be a U.S. citizen with an active bank account and a monthly income of $1000.
Harley-Davidson
Who hasn’t heard of Harley-Davidson? These esteemed motorcycle makers are also known for lending out amounts of money to bike enthusiasts to buy or repair their beloved bikes. The company is known for its low interest and different types of loans.
The company offers different loans to buy new or old bikes. If you want to buy a new bike, then the interest rates would be as low as 6.39%. You have 24-96 months to repay the loan. If you want to buy an old bike, then the interest rate would be as low as 7.79%. The loan amount varies and depends on the loanee.
There is a catch. Harley-Davidson will only offer you a loan if you want to buy their bike. If you want to buy a bike made by another company, you will not get the loan.
Tips to Select a Loan
Before getting a loan, you have to make sure that you are getting a good deal that won’t be a burden. Make sure to follow the steps mentioned below to get the best deal.
– Make sure to check the interest rates. Finding the cheaper interest rates for these loans will allow you to save bucks over time by making sure that you pay less for borrowing.
– Consider the reputation of the lender. Make sure that the lender has a solid reputation as the financial record will be a catalyst while selecting a lender.
– Examine all loan information carefully, including interest rates, fees, and how long you will have the loan. A loan with favorable terms makes things easier to manage.
– Make sure to check out customer reviews before applying for a loan. Reviews and comments from other borrowers can be beneficial. They share their experiences, which can help you make an informed decision.
– You can get the best loan choice for your needs and financial circumstances by comparing loan offers from different lenders.
Conclusion
Getting a motorbike loan is an easy yet long task. You have to make sure that you are getting the best deal for your bucks or else the loan will become a burden. Make sure to properly research different lenders and compare their terms. Always choose the one that you are financially capable of repaying without breaking a sweat. Make sure that your automobile dream doesn’t become a nightmare. We wish you all the best!
