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

OCBC Eco-Care Car Loan Base Package

Enjoy exclusive rates with us when you purchase a Tesla electric vehicle (EV):

  • Exclusive low interest rate of 1.38% per annum (EIR 2.65% based on 7-year loan tenure) with OCBC Eco-Care Car Loan
  • Get your loan approved in under 60 seconds
  • 380kWh (1-month) of free charging credit
  • Only available for direct purchase from Tesla
Minimum loan amount of S$80,000 and tenure of at least 2 years required. T&Cs apply.

OCBC Eco-Care Car Loan Plus Package

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

  • Exclusive low interest rate of 1.68% per annum (EIR 3.20% based on 7 year loan tenure) 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

  • 1140kWh (3-months) of free charging credits

Electric vehicle owners living in a condominium.

Condominium Residents

  • 1140kWh (3-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

  • Free home EV charger (excluding installation fees)

Minimum loan amount of S$80,000 and tenure of at least 2 years required. T&Cs apply.

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 with Tesla directly and 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.

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 private hire vehicle, or commercial vehicle.
  3. Please note that the OCBC Eco-Care Car Loan Base Package is only available for direct purchase from Tesla.

Ways to apply

Apply for Eco-Care Car Loan