Buying a four or two wheel vehicle, or renovating it is a real obstacle course. Savings are needed to find funding for this. Still want to speed things up? Several loan solutions are available, whether for the purchase of a scooter or a motorcycle.
Motorcycle loan: simple and practical
The motorcycle loan, like auto credit, is a credit affected. In this sense, the capital that will be granted to you should be used only for the purpose of buying or repairing a two-wheel vehicle whether new or used. As with any loan, the motorcycle loan is subject to interest rates and the calculation of these varies according to the lenders.
Depending on the duration of the contract and the amount you request, the rates will fluctuate by a few points. Know that it is always possible to negotiate certain conditions with the banks. A motorcycle loan is a fixed-term contract. He hires you until his perfect repayment. De facto, this credit can be good or bad for your financial future. And for good reason, there is always a risk of over-indebtedness.
How to apply for a motorcycle loan?
The loan application itself is to be completed online. However, to validate your motorcycle loan application, you will have to build a file. In the latter, you must provide the following proofs: a photocopy of your identity document Proof of residence: the banks only grant loans to individuals living in Belgium. The last payslips And a proof of the use of the capital (invoice of a Belgian dealer or an estimate of a repairer) If you make a request for loan online and you wish to validate it, you must send this file at the bank’s headquarters in one way or another.
Find the best deal: it all starts with the comparison
A motorcycle loan can expose you to a significant risk of over-indebtedness. But it is possible to control and minimize this risk. Just simulate and compare offers of banking services. On the Internet, you can compare in a few clicks the offers of banks and find the one that best fits your expectations.
Every bike loan comparison is different. The list of the best banks available may change depending on the amount requested and the duration of the contract. These data depend on interest rates and monthly payments. Also, do not confine yourself to the competition of the tariffs of the banks but also think of the customer services which will have to accompany you during the contract. The “cheapest” bank is not necessarily the best. Study wisely all the quotes as well as any setbacks that will be sent to you free of charge and without any commitment.