DBS Car Loan

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DBS Car Loan

Features & Benefits

Choice of loan tenor from 1 year to 7 years.

Loan amount is pegged to the Open Market Value (OMV)

Open market value^#	Maximum Finance Amount
≤ S$20,000	70% of the purchase price or valuation price, whichever is lower
> S$20,000	60% of the purchase price or valuation price, whichever is lower

Tips for Used Car

It is recommended that you do not transfer the car under your name prior to loan approval.

Loan is only available for vehicles which are not more than 10 years old from the original date of registration.

The open market value (OMV) of a used motor vehicle will be adjusted in accordance with its age, for the purpose of determining the appropriate loan-to-value (LTV) ratio allowable under the financing restrictions. A straight-line depreciation will be adopted in the value of the original OMV over 10 years (120 months) to derive an "applicable OMV" for purpose of determining the appropriate LTV ratio.

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New feature! - Enjoy less hassle and skip the need to provide income documents when you retrieve your personal information via Singpass.

Terms and ConditionsGet the full terms and conditions below.DBS Car Loan Promotion

Useful ToolsFind out about your affordability with these calculators

Calculate the maximum loan amount and purchase price

Calculate your monthly instalments

The calculators are intended to be used for illustrative purposes only.The Bank accepts no liability for errors or omissions, nor for any loss arising from use of or reliance on this calculation herein.The maximum loan amount is subjected to prevailing regulatory requirements and the bank at our absolute discretion is entitled to review the facility.Terms and Conditions Governing Hire Purchase Agreements

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