David Allan

Expertly compared by David Allan

Products Updated May 9, 2018

Bike Loan Calculator

Use our bike loan calculator to find out how much a loan would cost and what the monthly repayments will be. Our bike loan experts can search the whole market to find you the cheapest quotes and to calculate the overall cost, monthly repayments, and find out exactly you can borrow to buy your motorbike.

This calculator will give you an idea of costs. The exact amount and APR payable will be provided from the lender subject to credit and affordability checks.

Your monthly payment will be:


Interest on this loan will be:


Annual Percentage Rate (APR):


Total repaid will be:


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All credit types
Rated 5.0/ 5

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This provider is our Expert’s Choice in its category as it won tops marks for the following.


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Loan Amount
£1,000 - £250,000

Representative APR

Loan Term
1 - 7 years

Loan Type
Vehicle Finance Broker

Homeowners & Tenants

Finance for cars, motorbikes, vans and motorhomes. We make the process hassle-free & provide the customers with a helping hand throughout. Our aim is to get the best possible finance deal, whilst providing an efficient service of the highest quality.

Representative Example

How to use a bike loan calculator

Calculate the cost of your bike loan

Calculate the cost of your bike loan

Want to take out a bike loan, but don't know if you would be able to afford the monthly repayments? Using a calculator can help you to estimate the total price of the loan, how much you will have to pay each month, and how long the loan will take to repay. The calculator can help you to ensure that you know what you are doing when you discuss taking out a loan, and may also help you to compare the different loans you have been offered, and choose the one which is most suited to your needs. Using the calculator may seem a bit complicated at first, but once you have worked out where each part of the calculation goes, you should be able to use it with confidence.

Putting in the facts you know

In order to get a result from the calculator, you will have a series of input spaces where you can add the details that you know. For example, you may know the total price of the motorbike; how much you will be putting down on the bike before it leaves the shop (the down payment); what you can get from your old bike if you are trading that in; the interest rate, and the start date of the loan. You may have additional facts to hand, such as the length of the motorbike loan period, or the amount of VAT that will need to be paid on the motorbike. With all of these details to hand, you can start to work out how much you will have to pay on the bike, and over what period.

What else you may need to include?

In addition to working out the total monthly repayments on the bike, you can also use the calculator to work out the extended period of the loan, or how much you will actually be paying back to the lender. You may also need to factor in other details which are not usually added to the calculator. These include a lender who will charge fees on top of the loan, and which will be included in the total monthly repayments. When you work out the payments using the calculator, you may need to remove these charges to work out the total period of the loan, since taking the fees into consideration makes the calculation too complex.

Using the calculator to compare lenders

The real benefit to using the calculator is that you can compare the different loans offered by lenders, and work out which is best for you and your circumstances. You may want to take out a longer loan than usual, for example, or you may want to check the fees which the bank is including in your monthly payments. You can use the calculator to check on the bank, and work out exactly how much they are adding to your loan in the form of hidden fees. You might then opt to use another form of financing for your motorbike.


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