Buying a motorcycle can become even simpler and more accessible if you choose a payment plan that fits your budget and financial reality. And one of the best ways to achieve this is through financing. But we'll take this opportunity to ask you: have you considered which are the best banks to finance your motorcycle?

So, if you're thinking about financing your motorcycle, we suggest you read our article today. 

Our experts have thoroughly researched and selected the best bank options especially for you to finance your motorcycle.

You're sure to be surprised by the options we're going to show you. 

Shall we check it out?

Well, before discovering which are the best bank options for financing your motorcycle, you need to understand what financing is. 

And if you don't know, don't worry. We're going to teach you. 

Just like cars, motorcycles are also expensive items that are difficult to buy outright. 

Therefore, one of the best ways to buy a car, whether for leisure or work, is to seek financing from a bank. 

Generally speaking, in order to pay for a motorcycle through a bank, you need to have an account with that bank. 

So, the bank will conduct a credit analysis to decide whether or not to approve the financing for your motorcycle. 

Generally speaking, in most cases it is necessary to make a down payment, the minimum amount of which is 20% of the total value of the vehicle, and then it is just a matter of paying the fixed installments. 

Well, the rules for financing a motorcycle are as follows:

So, now that you know the rules for financing motorcycles, it's time to find out what the interest rates are for this type of transaction. 

Just as important as choosing the right bank to finance your motorcycle is knowing what the financing interest rates are. 

Today, it's difficult to establish an average financing rate, mainly due to the economic crisis in Brazil.

Today, each bank has its own rate. Therefore, it's necessary to shop around. 

Some finance companies that specialize in financing motorcycles, cars, and other types of vehicles may offer lower interest rates than banks. 

A very common value found by our experts was an interest rate of around 2.2% to 3.5% per month. 

Therefore, this is the average price range found today in the motorcycle financing market. 

For motorcycle financing to be safer and more advantageous for the buyer, there are some requirements and requests that must be carefully followed. 

Therefore, in order to finance your motorcycle, banks will require certain conditions that need to be met. 

These requirements involve documents ranging from proof of address to proof of income. 

In fact, these two documents are the most important indicators, leading the bank to believe that the buyer will pay off the loan until the end!

To help you, we've put together a list of everything you need to finance your motorcycle. 

Undoubtedly, the financing approval time is directly linked to the chosen method for purchasing your motorcycle. 

Therefore, if the purchase is made at a dealership or a used car lot, the financing can be approved on the same day. 

But this only happens if you bring your personal documents and all supporting documents to be analyzed right away. 

When there is a delay longer than two days, it may be due to a data discrepancy between the bank's system and the data you submitted. 

Financing through a bank or cooperative can take about a week to be approved. 

After learning what financing is and how it works, it's now time to find out which are the best bank options for financing your motorcycle. 

Our experts have selected 5 great options for you. Want to check them all out?

Well, our top choice among banks for financing your motorcycle is Banco Santander. 

To finance your motorcycle through Santander, you need to already be a bank customer, meaning you need to have an account. 

Without a doubt, Santander is very quick in responding with loan approvals. 

Furthermore, it is also possible to do an online consultation and simulate the installments and amounts that will be paid in the future. 

The rates are quite attractive, ranging from 1.90%. The maximum number of installments allowed at Santander is 60 months. 

Our second option is the well-known Caixa Econômica Federal. 

The bank allows financing up to 80% of the total motorcycle value with very attractive pre-fixed interest rates starting from 1,50% per month without any additional fees. 

Just like at Santander, the maximum number of installments is 60 months, or 5 years. 

Furthermore, Caixa also allows for partial amortization of the financing or early repayment of the outstanding balance. 

If you choose to finance your motorcycle with Caixa and insure it with the bank, you'll receive special payment terms. 

It is also possible to finance used motorcycles that are up to 10 years old. 

Another advantage of choosing Caixa is that after paying off your motorcycle loan, you can get a new loan with a discount of up to 70%. 

To do this, all you need to do is offer the motorcycle that was initially financed as collateral. It's that simple!

So, continuing with the options for banks to finance your motorcycle, we have Itaú. 

The bank offers a number of advantages for financing your motorcycle, such as not needing to have an open account, for example. 

It's possible to run simulations online, and the financing response is usually much faster than with other banks. 

Today, Itaú's interest rate is around 1.80% per month. A pretty good rate. 

Another interesting point is that financing can be for new or used motorcycles, which increases your chances of getting your bike. 

But it's important to note: Motorcycles can only be a maximum of 8 years old in terms of model or year. In other words, since it's 2021, financing is only accepted for motorcycles with model years from 2013 onwards. 

In the case of used motorcycles, the buyer must have a driver's license, the motorcycle's registration document, and the seller's information. 

Itaú bank also offers add-ons to the financing, such as accessories and services that can be included in the installments to be paid. 

Bradesco is another interesting banking option for you to finance your motorcycle. 

However, to obtain financing from the bank you need to be a customer, that is, to have an account. 

One great thing about Bradesco is that it's possible to finance used motorcycles with pre-agreed conditions. 

Payment terms and installment amounts are fully customized based on the submitted proposal and are subject to credit analysis. 

Therefore, the bank may not be a good option if your credit score with Serasa is low. 

Today, Bradesco's rates are around 1.9% per month.

You can pay for your motorcycle financing at Bradesco through automatic debit from your checking account via bank slip. 

And our last option for banks to finance your motorcycle is Banco do Brasil. 

Just like with Santander and Bradesco, to finance any type of vehicle you need to have an account with that bank. 

There is also a special discount if the customer chooses to insure the financed motorcycle with BB. 

It's possible to apply for financing directly through the app, and the rates are good and similar to those we showed, in the range of 1.90% per month. 

Financing can be divided into up to 60 installments, with the first payment due within 180 days. 

It is also possible to finance used motorcycles that are up to ten years old.

Now that you know which are the best banks to finance your motorcycle, all you need to do is find the option that best fits your needs, close the deal, and hit the road. 

If you need a motorcycle for work or simply for leisure and have a bad credit history, did you know it's still possible to get financing?

Although it may seem crazy, getting financing for a motorcycle with a bad credit history is easier than many people imagine. 

If this is your situation, know that we can help you. 

Our experts have created a special article outlining the different ways to finance a motorcycle, even if you have a bad credit history. 

Interested? Want to know more about the subject? Then just click the button below!