Owning your dream Tesla just got better with OCBC Eco-Care Car Loan and Charge+

Claim your benefits

Enjoy addtional savings with us when you purchase a Tesla electric vehicle (EV):

  • Exclusive low interest rate of 1.68% per annum with OCBC Eco-Care Car Loan
  • Free charging credits with Charge+, depending on your property type

Electric vehicle owners living in a HDB.

HDB Residents

  • 6 months of free charging credits

Electric vehicle owners living in a condominium.

Condominium Residents

  • 6 months of free charging credits
  • Additional 12 months of free charging credits if Charge+ is the established EV charger provider in the condominium

Electric vehicle owners living in a landed property.

Landed Property Residents

  • 6 months of free charging credits
  • Free home EV charger (excluding installation fees)

How to apply

Apply online

Apply for OCBC Eco-Care Car Loan online with Myinfo and get a car loan in just 60 seconds! Based on your approved loan amount, you will know the maximum car price you can afford, so that you can shop with confidence.

Purchase a Tesla EV

Make your purchase and Tesla will submit the car details to us. You will receive an SMS to verify the information.

Accept agreement digitally

As you already have an approved loan with us, we can speed up the process and send you the Hire Purchase Agreement immediately via SMS. You can review and accept the agreement digitally.

Collect your car

Tesla will arrange for you to collect your car when it is ready. 

We will email you the Hire Purchase Agreement, indicating the monthly instalment amount and payment due date.

Begin monthly repayments

For your convenience, you may set up your payments via GIRO, pay via ATM, mobile or internet banking. 

For other payment methods, you may choose to drop your cheque in any of our cheque deposit boxes or make cash payments in person at any of our bank branches.

Redeem your free charging credits

A Charge+ officer will be in touch with you for the redemption of charging credits after successful application of your OCBC Eco-Care Car Loan. Access your charging credits through the Charge+ app and start charging at Charge+ charging locations.

Please note that application is subject to the bank's approval.
OCBC Car Loan does not currently finance COE cars, or private hire vehicle, or commercial vehicle.

Before you apply

Eligibility requirements

Minimum age

21 years old

Nationality

Singaporeans, Singapore PRs and foreigners


Fees

Late fee

S$80

Full settlement penalty

1% on outstanding loan amount

Interest rebate clawback

20% on interest rebate (rule 78 computation)



Additional information

  1. Online loan approval and usage are only applicable for applications via Myinfo. Please note delays or non-approvals of applications may occur for various reasons.
  2. Please note that OCBC Car Loan does not currently finance COE cars, or private hire vehicle, or commercial vehicle.

Ways to apply

Apply for a car loan