The offering comes in response to broker feedback and consumer demand.
Personal lender Wisr has expanded its secured lending suite with the announcement that motorcycles would now be included as an eligible asset.
Available through the ASX-listed lender’s partner portal and direct to consumers, the product allows borrowers to take out a loan secured against an eligible motorcycle (less than five years old at the start of the term).
The new offering is available to accredited Wisr brokers, effective immediately, with fixed rates starting from 7.54 per cent.
Nicole Evans, Wisr’s head of broker, said the move had been driven by broker feedback and consumer demand, as part of a commitment to bring new, relevant products to market.
“Working closely with our broker partners, we’ve heard loud and clear that clients are looking for more options when it comes to secured lending,” she said.
The launch also comes ahead of the seasonal peak in motorcycle demand.
“By adding motorbikes to our secured asset list, we’re making it easier to access competitive rates on a broader range of vehicles,” Evans added.
“This is another step in supporting our brokers with products that help them grow their business and meet client needs.”
Expanding offering
The secured motorcycle loans are the latest tweak to the ASX lender’s product suite in 2025.
Earlier this year, the non-bank lender launched a secured personal lending product, offering loans of between $10,000 and $65,000 (including fees) with vehicles used as security.
As reported by The Adviser, the products enable borrowers to use cars or caravans as qualifying assets to secure personal loans with a reduced interest rate.
In February, Evans commented on shifting consumer preferences for lending products when Wisr released its results for the quarter ending 31 December 2024.
“Across Wisr’s loan book, the top three loan purposes are vehicles, debt consolidation and home improvements. These loan purposes have historically been popular but we’re seeing even more Australians come to us for our debt consolidation offering both directly and via brokers,” she said.
Evans noted that, in addition to its loan products, Wisr offers features designed to support customers’ financial wellbeing, including free credit score checks.
“Cost of living pressures, price sensitivity and speed of assessment are recurring themes in broker feedback and also key factors when it comes to deciding which lender is the best fit for a client. In the current lending environment, we pride ourselves on working with brokers to provide extremely competitive rates and products to consumers,” she added.
“We’re incredibly cognisant of the challenges many Australians are currently facing and the impact this has on brokers – and we want to ensure our brokers know that we’re here to support them, their businesses and their clients.”
The fintech lender also recently announced an equity capital raise of up to $11.4 million and an upgrade to its financial year 2026 guidance.
[Related: Wisr announces $11.4m equity raise, upgrades guidance]
