Loan Calculator
Enter dollar amount with no commas.
Loan Amount: $
Interest Rate:
%
Loan Term:
years
Results:
Monthly Installments: $
Total Paid on Loan: $
The common prevailing maximum loan amount for new car loans is
90% of the car price.
The common prevailing rates for new car loans is as follows:
2.85% --- 1 to 10 yr loan term
Documents required for loan application
1.
Photocopies of identity card (both sides).
2.
Evidence of income via computerised payslip, latest Income Tax Notice of Assessment and/or CPF statement.
3.
Latest 2 years' Income Tax Assessment for self-employed.
4.
Last 3 months' bank and/or credit card statements.
5.
Copy of Sale Agreement.
6.
Copy of log card / COE for used car.
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