Motorbikes are apreferred mode of travel in Vietnam because they are affordable and easy to manoeuvre through traffic compared to cars. With MoneyTap, you can easily borrow funds as a motorcycle loan in Vietnam, which will make buying a motorbike even more convenient.
Withdraw as little as VND 1 Million or up to your approved limit
Interest applied only on the amount you withdraw from your credit line
Convert your purchase into convenient instalments ranging from 3 months to 48 months
I wanted to buy a new powerful motorcycle, but it was beyond my budget. So, I took a motorcycle loan from MoneyTap. The online loan application process was simple and quick. I was glad that I could choose the repayment amount and loan tenure according to my financial comfort. I am happy – I got the motorbike of my dreams without affecting my budget. Thanks to MoneyTap!
- Marketing and Sales Executive - Hai Phong (city)
Dream of going on biking trips with friends on weekends
Always dreamt of owning a powerful bike for adventure rides
Need money to make an immediate down payment for a bike
Looking for a mode of transport that is efficient and economical
Why Does Buying a Motorbike With a Personal Loan Make Sense?
Personal loans can provide 100% finance to buy the motorcycle you want. The traditional motorbike loan may finance 80% of the motorcycle’s cost, and you’re expected to pay the remaining 20% upfront from your pocket as a down payment.
You can explore a wider range of motorbike options in various price segments. With the help of a motorbike loan, you can also buy a motorcycle from the premium segment, which otherwise you would not have been able to afford.
The eligibility criteria for a motorbike loan is easy and not as complicated as traditional loans. You don’t need to provide collateral, and there is no guarantor required, making it easy for low-income groups such as lower-middle-class or middle-class customers to buy a bike for daily use.
Personal loans for motorbikes are easy to repay because of their flexible repayment terms. Choose flexible motorcycle instalments and loan term that you can afford, avoiding the financial burden you would have experienced with an outright purchase.
Paying monthly motorcycle loan instalment regularly on time helps build your credit score and improve your credit history.
Tips When Buying a Motorbike on a Loan
Factor in the insurance and registration costs while calculating the total cost of your motorcycle.
While choosing the loan repayment term, consider your existing financial obligations and potential financial commitments.
If possible, apply for a motorcycle loan online. App-based motorbike instalment loans are simple, easy and faster than conventional loans.
Compare motorcycle instalment loan offers from various lenders. Compare their interest rate and repayment options before applying for the loan.
Depending on banks and unsecured loan lenders, the interest rates on your motorcycle loan varies. Some banks and credit institutions offer motorcycle instalment loans at an interest rate, usually from 0% to 10%. The interest rate of unsecured loans for motorcycle usually ranges from 20% to 40%.
Yes. You can get second-hand bike loan online through MoneyTap. It may be difficult to get a loan from traditional banks to buy a used motorbike (because of its depreciated value), but MoneyTap can help.
MoneyTap is the best option to buy a used motorcycle for the following reasons: