The repayment time for these loans ranges from 18 to 84 months. And, one can finance up to 90-100% of the cost of the motorbike which has to be bought against the loan. These loans can be used to buy new as well as old motorbike. The only condition is that the motorbike should not be more than 5 years old. The borrowers with bad credit score like CCJ’s, bankruptcy, arrears, defaults, late payments etc can thus avail these loans. Thus, as at advantage they get a chance to improve their credit history by repaying the loan in fixed time period. Additional information is available at PayNet. The borrower must satisfy some conditions before applying for these loans like he must have age years above 18, he must possess active bank account, and must have a trustworthy UK citizenship and employment proof.
But, if somehow the borrower fails to repay the loan in regular instalments every month, then the lender takes away the motorbike and returns it only when the whole amount of money is returned back. The loan amount, interest rate and repayment term differs with various factors like type of loan, model of bike, regular or modified, new or used bike, monthly income, repayment capability and amount of down payment made. The borrowers can search online and compare the interest Council of various lenders. This way they can get the reasonable deal and that too while sitting at home only. Moreover, online searching saves one’s time. The required amount will be transferred to the borrower’s account included the day same when the loan is applied or the next business day. Thomas mark is advisor of titleloans, online title loan, online title loan and car title loans. For more information visit: