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Motorcycle Loan Made Easy Only at Zigwheels

  • Lowest Interest Rates
  • Lowest down payment
  • Fast & safe process

How do I Apply?

Follow these steps to get a Quick, Simple and Hassle-Free loan on your vehicle

  • Share Basic Details

    Share personal details along with details of the vehicle for which loan is to be availed.

  • Input Loan Requirement

    If the customer approves the system-generated loan details, they can fill in personal detail & fulfil other information requirements.

  • Submit Documents to the Bank

    Upload all required documents to the Bank for approval.

  • Leave the rest to us

    Loan disbursal process initiated.

Motorcycle Loan Calculator

Calculate the monthly EMI based on motorcycle loan amount, Tenure and Interest rate

Please Select Brand, Model and Variant
Loan Tenure
Estimated Monthly EMI
Apply Loan
Down Payment
Loan Amount

*Rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

*Fees such as insurance, administrative, provision fees, etc. are not included in the simulation.

*The simulation is only a general description and is not the actual amount. The final amount will be determined by the financier.

Motorcycle Loan Eligibility & Documents Required

  • Eligibility
  • Documents
Individual
  • Malaysian citizen aged 18 years and above (not exceeding 60 years at the end of loan tenure)
  • Should be employed for a minimum of 6 months in current employment
  • Minimum monthly gross income should be RM 1000
Self-Employed/Sole Proprietorship/Partnership/Companies
  • Malaysian citizen aged 18 years and above (not exceeding 60 years at the end of loan tenure)
  • Should be in the current employment for at least 1 year
  • Minimum monthly net pay should be RM 1000
Salary earning individuals
  • Photocopy of I/C
  • Photocopy of valid driving licence
  • Photocopy of the latest 3 months’ salary slips
  • Copies of updated bank statement or savings passbook
  • Latest EPF statements/EA forms
  • Other supporting documents as required by the lending partner
Self-employed
  • Photocopy of company registration document (ROB/ROC/LLP)
  • Photocopy of I/C of proprietor/partners/directors
  • Photocopy of valid driving licence
  • Photocopy of 3 months business bank statement
  • Other supporting documents as required by the lending partner

FAQ’s on Motorcycle Loan in Malaysia

What are the different categories of motorcycle loans offered in Malaysia?

    The two categories of motorcycle loans offered in Malaysia are - Moped (Below 250cc) and Superbike (250cc and above)

What is the maximum tenure of a motorcycle loan?

    The financial institutions offer flexi instalment tenure for Moped and Superbike loans, which range from 12, 24, 36, 48 to a maximum of 84 months.

What documents are required for a motorcycle loan application?

    Following documents are required to submit with a motorcycle loan application -
  • Photocopy of I/C
  • Photocopy of valid driving licence
  • Photocopy of the latest 3 months’ salary slips
  • Copies of updated bank statement or savings passbook
  • Latest EPF Statements/EA Forms

Who can apply for a motorcycle loan?

    To apply for a motorcycle loan, one must need to fulfil the following eligibility criteria -
  • Malaysian citizenship
  • 18 years old and above
  • Employed (for a minimum of 6 months in current employment) or self-employed for at least 1 year

How much down payment do I need to pay?

    Applicants have to pay at least 10% of the bike’s on-the-road price, according to the Hire Purchase Act (1967).

What is the margin of finance?

    It is a percentage of the bike's OTR price that the bank or financial institution offers you as a loan amount. The margin of financing can be up to 90%.

What is the interest rate on motorcycle financing?

    Different banks offer a competitive interest rate ranging from 4% to 5% per annum, depending on the tenure.

What brand of motorcycles can I purchase on loan?

    The lending partners offer loans for a wide range of brands of motorcycles, including Honda, Yamaha, Suzuki, Kawasaki, KTM, Modenas, SYM, Aprilia, BMW, Ducati, and more.

How can I pay the monthly instalment?

    You can pay the monthly instalment by auto-debit, over-the-counter, or post-dated cheque.

What should I do if I lose my motorcycle?

    Upon losing your motorcycle purchased on loan, you first need to lodge a police complaint, followed by filling the insurance claim. After that, you need to submit all required documents to the lending partner and continue to service the instalment as per the schedule along with following up on the insurance claim status.

How long does it take for the motorcycle loan to get processed?

    The bike loan application usually processes within 3 working days.

Can I make a full settlement of the financing before its maturity?

    Yes, you can make a full settlement of the financing before its maturity. Some banks also provide rebates on the same.

Do I need to provide security to get a motorcycle loan?

    No. You don’t need to provide security to get a motorcycle loan.

Can I take a motorcycle loan, if I already have taken another loan?

    Yes, you can take a motorcycle loan, if you already have a loan. As long as it doesn't affect your credit score, you can take multiple loans.

Can Zigwheels help me with my application for a motorcycle loan?

    The Zigwheels motorcycle loan calculator can help you calculate the estimated monthly instalment you will be required to pay for your motorcycle loan. You can also start processing your motorcycle loan application by submitting the form provided on the website. However, the approval of financing is in the hands of the lending partner.
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