Car Loan Promotions
Frequently Asked Questions
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 |
The EIR is higher than the nominal flat rate charged because flat rate computations charge interest as a lump sum upfront and do not give any consideration to the monthly principal repayments made throughout the loan period. Note also that the loan period affects the EIR even when the normal flat rate is the same.
The Standard Terms and Conditions governing Hire Purchase Agreements were updated on 10 Dec 2024. For the latest Terms and Conditions, please refer to the document here.
From 30 Jun 2025, an Access Code will be required for the bank to validate car ownership details for the following LTA Digital Services. This Access Code can be requested via LTA Vehicle-Related Digital Services using your Singpass.
- Enquire PARF/COE Rebate for a Registered Vehicle
Please provide this Access Code to our car partners when requested, for the bank to validate car ownership during loan application and/or loan disbursement stage.
