Don’t let a good ride go. Renew your COE.
Renew your car's Certificate of Entitlement (COE) with the OCBC COE Renewal Loan, at just 2.78% a year.
Renewing your COE involves more than just the renewal cost
Watch this short video to learn what to consider before renewing your COE. While renewing lets you keep your car for another 5 or 10 years, it's also important to consider your car's condition, road tax, maintenance costs and the loss of your Preferential Additional Registration Fee (PARF) rebate before making a decision.
If your COE is expiring soon, renewing it doesn't have to be complicated. Enjoy these benefits with the OCBC COE Renewal Loan.
Competitive interest rate of 2.78% p.a. (EIR 5.19% p.a. based on 7-year tenure)
Renew your COE with a competitive interest rate.
Renew your COE with a competitive interest rate.
Borrow up to 100% of your COE Renewal Amount
The amount payable to renew your COE is called the Prevailing Quota Premium (PQP). To view the latest COE renewal amount, visit the Enquire PQP Rates page.
The amount payable to renew your COE is called the Prevailing Quota Premium (PQP). To view the latest COE renewal amount, visit the Enquire PQP Rates page.
Loan tenure of up to 7 years
Choose a repayment period of up to 7 years for 10-year COE renewals.
Choose a repayment period of up to 7 years for 10-year COE renewals.
Seamless application with Singpass
Apply quickly and conveniently using your Singpass credentials.
Apply quickly and conveniently using your Singpass credentials.
Ensure you renew before your COE expires
You can renew your COE up to 3 months before its expiry date. If you do not renew it before it expires, your vehicle must be deregistered and disposed of.
Check your COE expiry date: LTA Enquire COE Expiry Dates
Consider your renewal period
You can renew your COE for 5 or 10 years:
- A 5-year COE renewal cannot be renewed again.
- A 10-year COE renewal can be renewed again at the end of the renewed period.