Bikerloans Underwriting Guidelines
These is the basic criteria we use at Bikerloans. Hopefully, by having this information you will have a reasonable idea as to whether we will be able to assist your customer even before you send us a proposal.
Motorcycle Finance underwriting Quick Guide
Min Age21 yrs oldHomeownersYesTenantsYesLiving with parentsYesHM ForcesYes (With electoral/voters roll)Self EmployedYesBike LicenceMin CBT for 125ccDepositMinimum 5% Cash or p/ex bikeLoan Amount£1500- £20,000Loan Term12- 60 MonthsSecuredOn Bike OnlyPurchase TypeDealer OnlyAdverse CreditSome OKVoters Rolelast 3 yrs, exceptions made with proof or residencePurchase ExtrasNo bike onlyAddress ProofYesIncome ProofYes
Min Age
Homeowners
Tenants
Living with parents
HM Forces
Self Employed
Bike Licence
Deposit
Loan Amount
Loan Term
Secured
Purchase Type
Purchase Extras
Adverse Credit
Voters Role
Address Proof
Income Proof
21 yrs old
Yes
Yes
Yes
Yes (With electoral/voters roll)
Yes
Min CBT for 125cc
Minimum 5% Cash or p/ex bike
£1500- £20,000
12- 60 Months
On Bike Only
Dealer Only
No bike only
Some OK
last 3 yrs, exceptions made with proof or residence
Yes
