Find your best KTM finance rate with Driva

There are a few factors that will influence how much you can borrow on your KTM motorcycle loan. These vary between lenders but may include your credit score, living situation, income sources and even the motorcycle model you’re after. 

One of the ways that you can change your maximum borrowing amount is by adjusting the length of your loan term. By changing your loan term from 2 years to 4 years, for example, you’ll be able to reduce your monthly repayments and increase the maximum loan amount you’re eligible for. You can use our motorcycle loan calculator to see how much a motorcycle loan might cost you.

When it comes to exactly how you’ll finance your new bike, we have a number of KTM finance options available, including secured loans, unsecured loans and commercial loans.

• Secured loan. Secured loans are a popular loan option for many riders, mostly because of the low-interest rates that they’re normally accompanied by. With this type of loan, your motorbike will be used as collateral against the loan (which is why you’ll receive a lower interest rate). This type of loan is mostly used for new bikes.
• Unsecured loan. By comparison, an unsecured loan won’t use your bike as collateral. However, this means that you’ll probably have to pay a higher interest rate. Unsecured loans tend to be used for older and used motorcycles.
• Commercial loan options. If you’re looking for a new or used motorcycle to use for business purposes, Driva can facilitate a number of commercial loans, including chattel mortgages, hire purchase loans and novated leases. 

Absolutely! Whether you’re buying a brand new bike straight from the dealership, or are on a budget and considering more affordable options like second-hand models, Driva can help you out. No matter where you’re buying the motorcycle from, we recommend taking it for a test ride and getting it checked out by a local mechanic. 

Learn more: Financing A Used Motorcycle - What You Need To Know

Driva works with a panel of more than 30 lenders to give you as many loan options as possible, and the confidence that you’re getting the best loan out there.

One of the main ways that you can reduce your monthly loan repayments is to increase the length of your loan term, for example from 3 years to 5 years. It’s important to be aware, however, that although your monthly repayments will be smaller, you’ll end up paying more in interest overall.

In addition to the purchase of the bike itself, there are a number of other ongoing costs you’ll need to factor in. These include registration fees, petrol, insurance, riding gear, maintenance costs and roadside assistance. You can learn more about the cost of owning a motorcycle in our blog here.

When you take out KTM finance, you’ll have the option to make a deposit on the loan. If you’ve got some cash on hand and are able to make a deposit, it’s a great way to reduce your monthly repayments going forward and to save money overall.

A comparison rate includes your interest rate as well as almost all of the fees you’ll need to pay on the loan. This makes it the most accurate representation of how much you’ll pay on your vehicle loan. APRs, on the other hand, don’t include any fees so can be quite misleading if you’re relying entirely on them.