Compare motorcycle loans
elect the way to finance the purchase of a new motorcycle that works best for you. You can apply either for a secured or an unsecured loan to finance the motorcycle.
Different types of loans differ from each other in terms of collateral, interest rate and maximum loan amount. When selecting the financing option, think over carefully how much loan you need. You can use the loan to cover also other purchases related to the new motorcycle, like motorcycle clothing.
Motorcycle loan without collateral
If you want an unsecured loan, apply for Special Consumer Credit. The loan interest rate is usually 6–8 %. The advantage of an unsecured motorcycle loan is that you will get the financing decision very quickly – often immediately. You can get a motorcycle loan of up to 15,000 euros without collateral. You can only apply for a loan without collateral if you are an OP customer.
Secured loan available for any bank’s customers
You can apply for a secured loan starting from 10,000 euros, with no upper limit, alone or together with another person. The interest rate of a secured loan is lower than that of an unsecured loan because collateral ensures that the loan is repaid to the bank. The loan interest is determined separately for each customer.
In general, residential property (such as an owner-occupied home, a buy-to-let home or a holiday home) is used as collateral. The home doesn’t need to be free from debt to be used as collateral for a loan.
Other assets, like forest, investments or savings, can also be used as collateral. However, the motorcycle to be bought or consumer goods aren’t eligible as collateral.
Flexible according to your circumstances
You can anytime repay a larger amount than the agreed monthly repayment towards a secured or an unsecured motorcycle loan. You can also pay off the loan in full without any extra charges.
When applying for the loan, you agree on the size and schedule of repayments for paying back your loan. However, you can easily change your repayment plan at op.fi (in Finnish) later on, if needed. You can change the amount of repayment and the loan’s maturity date or apply for a grace period or a repayment holiday.
Motorcycle financing suitable for you
In comparing different types of motorcycle financing, pay special attention to the total loan costs. A loan always involves other costs than the interest or the loan establishment fee, and these should not be compared separately.
The loan offer you receive from us is based on your circumstances and how you manage to cover your expenses with your income. We always want to make sure that the size of a loan is suitable for your situation and that you won’t have any problems in repaying it.
Apply for motorcycle financing online – and get the loan decision quickly
Fill in an application for motorcycle financing easily online. You will get the decision on an unsecured motorcycle loan usually immediately and on a secured loan usually within 1–3 days.