Calculator
Input your credit details below to compute the eligible maximum loan amount.
What is salary?
- Average monthly gross salary (take-home plus employee's CPF) over past 12 months
- Includes all bonuses, commissions and allowances
- Includes all sources of income which are reflected in CPF or income tax statement
What is a guarantor for?
A guarantor is needed if the applicant does not meet the income requirements.
RESULTS
Your car loan will likely be approved based on a maximum monthly instalment of : $0
Due to your income level, you will only be eligible to a loan amount of less than 90% of the car price.
The below table shows your eligible maximum loan amount according to different loan periods.
New Car
Loan Amount
Loan Period
Suitable Cars
Used Car
Loan Amount
Loan Period
Suitable Cars
Disclaimer
Loan approval is based on several other personal and vehicle factors not taken into account here such as:
- Applicant's credit assessment
- Applicant has to be at least 21 years of age
- Provision of income proof
- Make & model of vehicle
- Market value of the vehicle
- Loan to value ratio
* sgCarMart does not assume any responsibility for errors or omissions or warrant the accuracy of the above information.
* Subjected to a minimum loan of $30,000 over a minimum of 3 years.
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