Confidential, Secure and Reliable Financing
BIB Finance

Bike Finance 2019

The financial aspect of buying a bike is vitally important, so while you enjoy bike-shopping and test-riding, entrust your bike finance to us at BIB Finance. 

2018-12-18

Buying a new bike can be an exhilarating experience. Chances are that you are so focused on getting on and taking to the open road that all the details about finance and paperwork involved can become a bit of a blur. Of course, the financial aspect of buying a bike is vitally important, so while you enjoy bike-shopping and test-riding, entrust your bike finance to us at BIB Finance. 

When buying a motorbike, the finance involved can vary. Bikes vary from thousands of rand or hundreds of thousands of rand in value – it just depends what make and model you have your eye on. Of course, you do not want to find the bike of your dreams and then discover that you cannot get finance for it. Knowing what you can spend before you even start shopping is probably the best way to go about it. By knowing how much your finance budget is, you can spend more time focusing on buying the right bike, instead of worrying about whether you can afford the number on the price tag. 

Finance is Not Available to Blacklisted Individuals

Before you apply for bike finance with us, you need to know that, like most establishments, we cannot assist individuals who are blacklisted or under debt counselling or debt review. We work in strict accordance with the National Credit Act (NCA) and wish to protect both parties in the transaction. That aside, applying for bike finance with us is secure, quick, and easy. You do not even need to come to our offices or leave the comfort of your home or office. You can apply online with a few mouse clicks! 

Confirm Your Financial Standing When Applying for Bike Finance

You will need to confirm that you are not blacklisted or under debt review and you would have to agree to a credit check. You must also provide us with your personal particulars, which we will treat with the utmost care and discretion. We represent all four major local banks that provide financing. They are:

ABSA;

WesBank;

MFC (a division of Nedbank); and

Standard Bank.

All the usual requirements apply. You must be permanently employed for no less than three months and we need to see your payslips and your bank statements to verify your salary. An affordability assessment is also important and serves as prove that you can in fact pay the expected monthly instalments once the finance has been approved and repayments start. If you are approved for a loan, we can provide you with a structured financial deal to suit your lifestyle and because we work with all major banks and have a good standing in the industry, we can provide competitive deals with reasonable repayment terms and interest rates. 

Apply for Bike Finance with BIB Finance Today

If you are keen to buy a new set of wheels and want to know just how much you can spend, get in touch with BIB Finance. We can assist you with buying a new bike with affordable financial assistance.