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|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|
#For used car, the open market value (OMV) of a used motor vehicle to 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.
Find out about your affordability with these calculators
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.
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