| Lender | User ratings | Best for… | APR range | Loan terms | Loan amounts | Credit score required |
|---|---|---|---|---|---|---|
 | Motorcycle loans with rate matching | 7.49% to 25.49% | 24 to 144 months | $5,000 to $100,000 | Not specified | |
 | Small motorcycle loans | 7.99% to 17.99% | 12 to 60 months | $600 to $50,000 | 700 | |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Motorcycle loans for excellent credit | 6.99% to 35.99% | 24 to 60 months months | $2,000 to $50,000 | 560 |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Quick motorcycle loans | 8.99% to 25.81% (with discounts) | 24 to 84 months | $5,000 to $100,000 | 680 |
 | Motorcycle loans for fair credit | 11.69% to 35.99% (with discounts) | 36 or 60 months | $1,000 to $50,000 | 560 | |
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User Ratings & Reviews
Ratings and reviews are from real consumers who have used the lending partner’s services. | Motorcycle loans for bad credit | 6.40% to 35.99% | 36 and 60 months | $1,000 to $50,000 | 300 |
| APR range | 7.49% to 25.49% (with autopay) |
| Loan terms | 24 to 144 months |
| Loan amounts | $5,000 to $100,000 |
| Origination fee | None |
| Minimum credit score | Not specified |
| Pros | Cons |
|---|---|
May beat competitors' APRs through Rate Beat program No late fees Same-day funding possible | Requires good to excellent credit High minimum loan amount Can't prequalify |
Read our full LightStream personal loan review.
| APR range | 7.99% to 17.99% |
| Loan terms | 12 to 60 months |
| Loan amounts | $600 to $50,000 |
| Origination fee | None |
| Minimum credit score | 700 |
| Pros | Cons |
|---|---|
Small loans could be ideal for used motorcycle purchases Financial assistance available in case of hardship Credit union membership benefits | Must join credit union Must have good credit Shorter maximum loan term |
Read our full PenFed personal loan review.
| APR range | 6.99% to 35.99% |
| Loan terms | 24 to 60 months |
| Loan amounts | $2,000 to $50,000 |
| Origination fee | 1.00% - 7.99% |
| Minimum credit score | 560 |
| Pros | Cons |
|---|---|
| Low minimum APR for excellent-credit applicants Accepts poor credit Offers joint loans | Approval can take up to five days Customer service unavailable on weekends Charges 5% of the unpaid amount, or $15, whichever is greater. |
Read our full Prosper personal loan review.
Co-borrowers must also have:
| APR range | 8.99% to 25.81% (with discounts) |
| Loan terms | 24 to 84 months |
| Loan amounts | $5,000 to $100,000 |
| Origination fee | 0.00% - 6.00% (optional) |
| Minimum credit score | 680 |
| Pros | Cons |
|---|---|
Same-day motorcycle loans Free financial planning included Offers unemployment protection | Good credit required High minimum loan amount Origination fee required for lowest APRs |
Read our full SoFi personal loan review.
| APR range | 11.69% to 35.99% (with discounts) |
| Loan terms | 36 or 60 months |
| Loan amounts | $1,000 to $50,000 |
| Origination fee | 5.25% - 9.99% |
| Minimum credit score | 560 |
| Pros | Cons |
|---|---|
| Poor to fair credit okay Free credit monitoring comes standard Offers autopay discount | Debt consolidation required for lowest APRs Mandatory origination fee Limited available loan terms |
Read our full Universal Credit personal loan review.
| APR range | 6.40% to 35.99% |
| Loan terms | 36 and 60 months |
| Loan amounts | $1,000 to $50,000 |
| Origination fee | 0.00% - 12.00% |
| Minimum credit score | 300 |
| Pros | Cons |
|---|---|
Only requires a 300 credit score Competitive minimum APR Customer service available on weekends | Only two terms to choose from Potential for expensive origination fee High maximum APR |
Read our full Upstart personal loan review.
Additionally, Upstart has a minimum annual income requirement of $12,000. It also doesn’t offer loans in Iowa or West Virginia.
Motorcycle financing works like other types of financing. Instead of paying for your motorcycle up front, you take out a loan from a bank, a credit union or an online lender. Then, you pay back what you borrowed (plus interest) in monthly installments. You’ll generally have between 12 and 84 months to pay off your purchase.
For most, a motorcycle is a good-to-have, not an essential, purchase.
Before you get your heart set on a new bike, be sure that you aren’t forgoing other priorities. For instance, you may want to double-check your emergency fund. Instant gratification can be hard to deny, but you’ll be grateful for the foresight if the unexpected occurs.
It can be, but it depends on the type of loan you’re targeting. It can be hard to get an affordable unsecured motorcycle loan (or personal loan) if your credit score is below 640. Some lenders specialize in bad credit, but you’ll pay higher APRs.
Generally, secured motorcycle loans are easier to get since they use your bike as collateral (and sometimes require a down payment). Still, collateral doesn’t guarantee approval.
When you apply, the lender will run a hard credit pull to review your borrower history. This may cause a slight, temporary drop to your credit score.
However, making on-time loan payments will probably give you a boost. Conversely, missing payments is a surefire way to tank your score.
The best loan for a motorcycle is one that most aligns with your needs. If you don’t want to make a down payment, then a personal loan could be a good fit. For the lowest rates, you might want to check out a manufacturer loan.
