Pre-Owned Auto Loan


Banks Loan Rates

Hong Leong Finance – 1.99% (Limited period only and subject to approval by the bank)

OCBC – 1.98% (minimum loan is $15,000)

DBS – 1.99%

UOB – 2.28%

Maybank -2.48% 

Maybank -3.75% (Limousine/car rental)

Standard Chartered – 2.48%

HL Bank – 2.28%

Tokyo Century – 2.48%

**Ballon Scheme by Tokyo Century** 3.78%

Hitachi Capital – 2.98%

Max. repayment period is 7 years. Terms and conditions apply. Rates are subject to changes by the bank.

In order to process the application, you will need to forward us these documents.

1. Sales Order / Vehicle Sales Agreement
2. Registered Owners IC Front and Back (required by banks/finance company)
3. Latest Notice of Assessment, 6 months of CPF Contribution History or 3 months computerized payslip

Please submit yours documents to clement@directautoloans.sg

All documents submitted will be kept strictly confidential.

The Monetary Authority of Singapore (MAS) rules allow you to borrow up to 70% of the purchase price of a car if its open market value is less than S$20,000. For more expensive cars, the permissible percentage is lower at 60%. Open market value refers to the original price of a car, and excludes certificate of entitlement charges, additional registration fees, and other government levies.

For a quick Calculation of Loans. Just key in the interest rates.

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