New Car - Loans

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New Car

OCBC Car Financing makes it easier for you to own a brand new car. With up to 95% financing, protection from interest rate fluctuations, fast approval and a loan tenor of 10 years, owning a brand new car has never been more affordable.

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Benefits

Financing of up to 95% (financing under HP Act)* or 95% (financing under HP Non-Act)** of the purchase price or Bank's valuation, whichever is lower

Our fixed rate flat-add-on financing scheme provides you with fixed monthly instalments throughout the entire repayment period and protects you from interest rate fluctuation

Spread the loan over a maximum of ten years for manageable repayments

Fast approval resulting in quick ownership of car

Foreigners (non-residents) with a local guarantor are welcome to apply

Make payments conveniently by Giro (but you will need to make the first one or two payments by cash or cheque while the Giro arrangement is being established)

* Purchase price less COE<$55,000 ** Purchase price less COE >$55,000

Eligibility

Individuals aged at least 21 years old and above

Age at maturity must not exceed 65 years old

Must be Singapore Citizen or Permanent Resident

Foreigners are eligible to apply as long as local guarantor information is provided