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People Driven Credit Union

Motorcycle Loans

Ride Your Dream Motorcycle with a Loan from PDCU

Apply for a Motorcycle Loan

Hit the Open Road with a Motorcycle Loan

Whether you want to purchase your first bike or upgrade to a newer model, our motorcycle loans are designed to make your dream ride a reality. With competitive rates, flexible terms, and a simple application process, we’re here to help you fuel your passion for adventure. Join the PDCU community and let us support you on your journey to owning the perfect motorcycle.

Membership and eligibility requirements apply, with approval subject to application, credit, and property considerations.

Loan Rate Discount¹

Motorcycle Rates as Low As

7.04%¹ APR*

¹Take advantage of a 0.25% discount when you enroll in autopay, already factored into the “as low as” rate. This discount applies to those who set up automatic payments from a People Driven Credit Union checking or savings account.

Payment Example: Monthly payments of $19.82 for each $1,000 borrowed at 7.04% APR for 60 months.

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No Payment for 90 Days** on Motorcycle Loans

Embark on your next adventure with ease with our specialized motorcycle loans at People Driven Credit Union. We understand the thrill of the open road and are here to make your motorcycle dreams a reality.

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Whether you’re cruising the highways in Michigan or exploring scenic routes, our tailored loan options offer competitive rates and flexible terms to suit your needs. Get ready to start your journey today with PDCU’s motorcycle financing solutions!

Get Pre-Approved for a Motorcycle Loan

Get pre-approved for your motorcycle loan with People Driven Credit Union and shop confidently. Instead of haggling over financing, focus on finding the perfect bike.

Get Pre-Approved

With branches and ATMs easily accessible around Metro Detroit and Southeast Michigan, PDCU is your trusted partner for motorcycle financing.

Motorcycle Loan Rates

Loan and financing rates for motor homes, campers, boats, motorcycles, ATVs and snowmobiles. Add 1.00% to applicable rate on loans with collateral that is 11 to 15 years old. PDCU may consider doing a loan with collateral that is older than 15 years (on an exception basis only), in which case 2.00% would be added to applicable rate.

Term


(Months)

≤60

61-84

85-120

121-180

APR*


as low as¹

 7.04% 8.25% 8.70% 9.40%

Calculate Your Monthly Motorcycle Loan Payment

Loan Amount
$
Rate
%
Term Months
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Use of a calculator is not a guarantee of credit and is a estimate.

Frequently Asked Questions

Our application process often provides pre-approval decisions quickly, and final approval typically takes just a few days once all documentation is submitted.
Yes, enrolling in autopay may qualify you for a rate discount, reducing the overall cost of your loan. Check with our team for current promotional details.
A down payment may be needed, depending on your credit profile, the value of the vehicle or watercraft, and the specific loan structure. While not always required, a down payment can lower your monthly payments and the total amount of interest paid. Our representatives will guide you through the requirements. Call 248-263-4100 to speak with a PDCU loan officer.
Loan terms are flexible and can be tailored to fit your financial situation. At People Driven Credit Union, loan terms for recreational vehicles such as ATVs, motorcycles, boats, snowmobiles, and campers generally range from 12 to 180 months. Longer terms can lower monthly payments but may result in higher total interest paid.
Interest rates vary based on factors like your credit score, loan term, and the age of the vehicle or watercraft. People Driven Credit Union offers competitive rates to make financing accessible and affordable for our members. Call 248-263-4100 to speak with a PDCU loan officer about the loan rate you can expect.
People Driven Credit Union allows early payoff without penalties, but it’s important to check your loan agreement for any prepayment penalties.
Yes, People Driven Credit Union requires full coverage insurance to protect the investment in the motorcycle.
Missing a payment can result in late fees, damage to your credit score, and potentially loan default. Contact your lender immediately if you anticipate difficulty making a payment.
Yes, financing is available from People Driven Credit Union for both new and used motorcycles. Keep in mind that interest rates might be higher for used motorcycles.
While not always required, a down payment can lower your monthly payments and the total amount of interest paid. Some lenders may require a down payment based on your credit profile.
Yes, People Driven Credit Union offers pre-approval, which can give you a better idea of your budget and streamline the purchasing process.
At People Driven Credit Union, loan terms for motorcycles generally range from 12 to 180 months. Longer terms can lower monthly payments but may result in higher total interest paid.
Qualification typically depends on your credit score, income, employment history, and debt-to-income ratio. People Driven Credit Union also considers the type and age of the motorcycle.
Interest rates vary based on factors like your credit score, loan term, and the age of the motorcycle. View the current rates at People Driven Credit Union.
Yes! All eligible loans can be skipped once per calendar year for a fee of $35. To learn more about how it works, visit our Skip-a-Payment page. Please note that Fresh Start Auto Loans, PD Quick Cash Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards are excluded.
  1. To make a payment via online banking with funds already in your account, login to the MyPDCU Online Portal or use the MyPDCU app, and select 'transfers'. Select where you want to transfer from and which loan you would transfer to.
  2. Call iTalk (telephone teller) at 844-700-7328 to make your payment. Select Option 2 to make a payment.
  3. To make a payment with a debit/credit card, call (248) 263-4100.
  4. Set up an auto-transfer from your People Driven account or attach an auto payment to your direct deposit that comes into your account. Give us a call at (248) 263-4100 or stop by any of our five branches.
  5. Have us set up an auto-payment from your other financial institution. Please call us at (248) 263-4100, and we can send you the proper form, or you may stop by any of our five branches.
  6. You may also mail in a check payable to People Driven Credit Union, 24333 Lahser Rd, Southfield, MI 48033

Disclosures

**Certain limitations may apply. Please consult with a representative for further information. Loans are exclusively available for motorcycles. Membership with the Credit Union is mandatory for loan disbursement. For 30, 60, or 90-day no-payment loans, interest will commence accruing upon loan disbursement and will be spread out over the subsequent monthly payments. Rates could be higher for older motorcycles. APR may differ based on loan purpose, amount, term, and member’s credit score. A down payment may be required. Other terms and conditions are based on Loan to Value. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice. For more information, see disclosures below. (90-day no payment may be limited depending on term).

Payment Example: Monthly payments of $19.82 for each $1,000 borrowed at 7.04% APR for 60 months.

Rates are higher if older than 10 years. Motorcycles older than 15 years are financed on an exception basis only.

*APR = Annual Percentage Rate: The actual APR and loan term are subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.

¹Special Loan Rate Discount: Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.

Membership Requirement:

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. Your $5 deposit into this account secures your share in the credit union, giving you access to our full range of services and benefits. The Annual Percentage Yield (APY) for this account is 0.01%, and the minimum deposit is $5.00.