Restricted Use Loan (RUL)

Honda Financial Services

Honda Restricted Use Loan (RUL) Finance

Restricted Use Loan is a finance product from Honda Financial Services to help finance accessories, clothing or even your new Honda bike. It allows you take ownership of the goods from the start of your agreement.

More manageable than you might think

So, how does this work?

  • Choose the motorcycle, clothing and accessories you want.
  • Once you’ve decided what products you would like to finance, agree how much deposit you’d like to put down.
  • You can then adjust the term to best suit your ideal monthly budget, anywhere between twelve and sixty months.
  • The rest of the cost of the motorcycle, clothing or accessories, plus interest, is paid in equal monthly payments.
  • A Restricted Use Loan provides you with instant ownership of the goods, as you can use the funds to purchase them. You then pay all the agreed loan instalments until the loan value and interest has been paid in full.

There are some aspects of Restricted Use Loan that you need to be aware of to help you make an informed choice to decide if RUL is right for you.

Choose the right product

Restricted Use Loan may not be right for you so please review our other finance products or speak to your Honda dealer, to make sure you choose the right product to suit your needs.

It is important that the product you choose should provide a monthly payment that is sustainable, whilst also meeting your needs and circumstances best. Your Honda dealer will be happy to assist you with this.

 

Product Features and Considerations 

There are some aspects of Restricted Use Loan (RUL) that you need to be aware to help you make an informed choice to decide if HP is right for you.

  • Choose the motorcycle, clothing and accessories you want.
  • Once you’ve decided what products you would like to finance, agree how much deposit you’d like to put down.
  • You can then adjust the term to best suit your ideal monthly budget, anywhere between twelve and sixty months.
  • The rest of the cost of the motorcycle, clothing or accessories, plus interest, is paid in equal monthly payments.
  • A Restricted Use Loan provides you with instant ownership of the goods, as you can use the funds to purchase them. You then pay all the agreed loan instalments until the loan value and interest has been paid in full.
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Blade Motorcycles Ltd is an appointed representative of Heritage Automotive Limited which is authorised and regulated by the Financial Conduct Authority. FRN: 307110. We are a Credit Broker not a Lender and can introduce you to a limited number of lenders. We typically receive a fixed commission calculated by reference to the vehicle model or amount you borrow, for introducing you to a lender but this does not affect the interest you pay on the agreement, which is set by the lender.

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