The difference between the car price and the loan amount.

Effective from 27 May 2016, minimum down payment will be dependent on Applicable Open Market Value* (Applicable OMV) of the car. Cars with Applicable OMV exceeding $20,000 will be entitled to a maximum loan value of 60% of car price (minimum 40% down payment) whereas Applicable OMV $20,000 and below will be 70% of car price (minimum 30% down payment).

*The "Applicable OMV" of a motor vehicle is obtained by dividing its OMV over 120 months and multiplying it by the age of the motor vehicle and deducting the resulting figure from the Applicable OMV.

These financing restrictions does not apply to loans for purchase of commercial vehicles (not including goods-cum-passengers vehicles).

For illustration: