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OCBC Car Financing makes it easier for you to own a car of your choice. With up to 100% financing*, protection against interest rate fluctuations, fast approval and a financing tenor of up to 10 years, owning a car has never been more affordable.
You can now check on your auto loan account(s) details and also make payment* by adding "OCBC Auto Loans" to your list of bill payment billing organisations.
*Payment has to be effected from an OCBC deposit or EasiCredit account. Payment cannot be effected from another bank’s deposit account(s)/credit card(s).
Benefits
Ø Financing high quantum of up to 100% (for cars governed under Hire Purchase Acta and Common Lawb) of the
purchase price or Bank's valuation*
Ø Attractive interest rates (Flat Add-On basis)
Ø Fixed interest rate on your car financing with fixed monthly instalments for the entire repayment period protecting
you against interest rate fluctuation
Ø Maximum financing period of 10 years for manageable repayments**
Ø Fast approval turnaround
Ø Convenient repayment option by Giro and Internet Banking
*Applicable to new passenger cars only.
aCar Financing governed under Hire Purchase Act: Price of car (exclude COE) <= S$55,000
bCar Financing governed under Common Law: Price of car (exclude COE) > S$55,000
Eligibility
Ø Individuals with minimum age of 21 years
Ø Age at maturity of car financing must not exceed 65 years old
Ø Must be Singapore Citizen or Permanent Resident
Ø Foreigners are welcome to apply for car financing as long as local guarantors are provided
Disclaimer:
The proposed transaction(s) herein if any is/are subject to the final expression of the terms set forth in the definitive agreement(s) and/or confirmation(s).
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