Installment (Normal Loan)

Installment figures are based on the monthly sum to be paid on a loan amount of 60% or 70% (depending on OMV value) of the vehicle listed price over a period of 7 years. For commercial vehicles, it is based on 90% loan over a period of 7 years.

Interest rates are assumed to be at a flat rate of 2.98% per annum, which is the car loan interest rate offered by most banks in Singapore.