Motorcycle Loan in Singapore made simpler for buyers.

Check your estimated approval chance with our loan calculator, then submit your motorcycle loan application to participating lenders.

You can use Singpass during application to pre-fill your details and speed up the process.

Apply Motorcycle Loan Use Loan Calculator

Loan Calculator

Gross Monthly Salary S$3,000 - S$4,999
Motorcycle Range S$10K - S$20K
Downpayment 20%
Guarantor Salary S$5,000 - S$7,999
Estimated Approval Chance: MEDIUM

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Calculator

Check first

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Apply Loan

Normal flow

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Singpass

Faster option

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Documents

Prepare earlier

Start with the right option

For buyers still checking

Loan Calculator

Estimate approval chance before the user commits to submitting a loan application.

Check Approval Chance
For serious buyers

Apply Motorcycle Loan

For users who already have bike details and are ready to submit for lender review.

Apply Motorcycle Loan
🔐 Faster application option

Use Singpass to apply faster

The application is still the normal motorcycle loan application. Singpass is simply a faster way for users to pre-fill their personal details and reduce manual typing.

Apply Motorcycle Loan
On the Apply Loan page

SP

Continue with Singpass
Recommended. Pre-fill your personal details and continue the normal loan application.
Recommended

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Continue Manually
Enter your details yourself and submit the loan application as usual.

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Upload Documents
Submit income proof and bike sale details for lender review.

Documents to prepare

🔐 Faster application option

Apply easier with Singpass

For applicants using Singpass, personal and income details can be retrieved digitally during the normal loan application.

No payslip / NOA needed if using Singpass

If the applicant and guarantor both use Singpass, income details can be retrieved. Extra documents are only needed if the lender requests them.

  • Apply Motorcycle Loan

    Start the normal application flow, then choose Singpass or manual submission.

  • Applicant Singpass

    Used to retrieve personal and income details digitally.

  • Guarantor Singpass

    If guarantor is required, guarantor can also use Singpass to retrieve details.

  • Motorcycle sale details

    Bike price, seller details and registration information are still needed.

  • Manual documents

    Payslip, NOA or income proof only needed if not using Singpass, or if lender requests additional checks.

Why apply through SGBikeMart?

1

Check first
Users can estimate approval chance before applying.

2

Normal apply flow
Users apply for a motorcycle loan as per normal.

3

Singpass option
Use Singpass to speed up details submission.

4

Lender review
Participating lenders review suitable applications.

How the loan flow works

1. Check calculator
Enter income, bike range, downpayment and guarantor details.
2. Apply loan
Start the normal motorcycle loan application.
3. Use Singpass or manual
Choose Singpass to pre-fill, or continue manually.
4. Lender review
Participating lenders assess and follow up on the application.

Motorcycle loan FAQ

Sgbikemart Motorcycle Loan is a financing option offered by Sgbikemart, an online marketplace portal for motorcycles based in Singapore. This loan is designed to help individuals purchase motorcycles or renew motorcycle COE and pay for them in installments over a period of time.

In order to qualify for Sgbikemart Motorcycle Loan, applicants must be either Singaporean citizens, Permanent Residents, or hold a valid work permit, and must be at least 18 years of age. Additionally, applicants must meet the credit assessment criteria established by the financial institution responsible for issuing the loan. If the borrower's financial standing is deemed insufficient, a guarantor may be required to support the loan application.

The in-principal approval of your Sgbikemart Motorcycle Loan is valid for 30 days. This means you have four weeks to complete the remaining steps of the loan application process and finalize the purchase of your motorcycle.

You can use Sgbikemart Motorcycle Loan to purchase used motorcycles for personal use. This loan does also cover commercial food delivery vehicles.

Yes, you can use Sgbikemart Motorcycle Loan to buy a used motorcycle through a direct seller. However, you will need to ensure that the used motorcycle meets the eligibility criteria set by the financial institution providing the loan.

Sgbikemart Motorcycle Loan offers competitive interest rates because they have partnerships with multiple financial institutions that are willing to provide financing options for motorcycle purchases. This allows Sgbikemart to negotiate better rates and terms for their customers.

You can calculate your overall savings by comparing the interest rates, fees, and repayment terms of Sgbikemart Motorcycle Loan with other financing options available to you. You can use online calculators or speak to a loan officer to help you with this.

To apply for Sgbikemart Motorcycle Loan, you need to visit their website and fill out the online application form. Once contacted over the phone, you will need to submit personal and financial information documents, as well as details about the motorcycle you want to purchase.

After submitting your loan application, you can expect to hear back within 1-2 business days. If additional information is needed, a loan officer may contact you to discuss your application further.

If you wish to change the motorcycle you want to buy after loan approval, you may need to submit a new loan application for the used motorcycle you want to purchase.

Upon receiving an in-principle approval, it means that you have met the initial eligibility criteria for the loan. To proceed with the loan application, you need to make a refundable deposit. Once the payment has been made, the financial institution's details will be displayed on our website and sent to you via email. You can then show them the email and they will guide you through signing the loan agreement and completing any remaining steps of the loan application process, which includes providing necessary documentation and finalizing the purchase of your motorcycle. The lender will also settle the seller's payment and transfer ownership to you.

Once your agreement has been signed at the financial institution, do update the financial institution to confirm the application and we will refund the deposit back to the card that you had made the payment.

If your motorcycle loan application is declined, it means that you did not meet the eligibility criteria set by the financial institution providing the loan. You can contact the loan officer to discuss your application further or explore other financing options.

You will know that your Sgbikemart Motorcycle Loan has started once all the required documents have been submitted correctly. We will then open your loan application via our system for all financial institutions to offer their best rates for your loan. Once the bidding has closed, you will receive an email to log in to our portal to see the offers of the in-principal approved loan by various financial institutions.

All lenders of the financial institution are registered under the Hire Purchase, Finance, and Leasing Association of Singapore. If you have any questions regarding the loan, you can contact us for assistance.

Motorcycle Loan Singapore

SGBikeMart helps motorcycle buyers in Singapore understand their loan options more clearly. Buyers can start by checking their estimated approval chance using the motorcycle loan calculator. Once ready, they can apply for a motorcycle loan and use Singpass during the application to pre-fill details where available.

This page can target keywords such as motorcycle loan Singapore, used motorcycle loan, motorbike loan Singapore, motorcycle financing and COE renewal loan. The main page captures broad search intent, while the calculator and apply pages support users at different stages of the buying journey.

Ready to apply?

Start the normal motorcycle loan application. Singpass can be used during the process to make it faster.

Apply Motorcycle Loan