New Car Loan
These are the latest rates for car loans for new cars, updated as and when the latest updates are received from lenders.
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Please refer to any other terms and conditions that may apply for each lender.
Current rates were updated on 15th May 2016. For immediate assistance, please call 92782880 or click on the ‘contact us’ button below.
Best Deal Now:
The best deal now is from Maybank at 2.78%! Not wanting to be behind Maybank, as of 6th of January 2016, DBS has also followed suit and lowered the rate for new cars from 2.98% to 2.78%.
Singapura Finance has moved rates upwards and also shortened their maximum tenure to only three years.
There is low visibility now as to where interest rates will be headed given the macro-economic situation.
Singapura Finance | |||||
| Term (Years) | 1 | 2 | 3 | 4 | 5 |
| Interest (%) | 3.08% | 3.08% | 3.08% | ||
| Conditions: | Minimum loan amount $15,000 | ||||
| Not applicable for company cars/vehicles | |||||
| Excluding Malaysia and China made vehicles | |||||
| GIRO payment compulsory | |||||
DBS | |||||
| Term (Years) | 1 | 2 | 3 | 4 | 5 |
| Interest (%) | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
| Conditions: | Minimum loan amount $10,000 | ||||
MayBank | |||||
| Term (Years) | 1 | 2 | 3 | 4 | 5 |
| Interest (%) | 2.78% | 2.78% | 2.78% | 2.78% | 2.78% |
| Conditions: | Minimum loan amount $15,000 | ||||
In House | |||||
| Term (Years) | 1 | 2 | 3 | 4 | 5 |
| Interest (%) | 2.98% | 2.98% | 2.98% | 2.98% | 2.98% |
| Conditions: | Minimum loan amount $20,000 | ||||
| Additional Admin fee of $500 applies | |||||
| Lowest available rate at 2.98% | |||||
| Uber & Grab vehicles may apply but rates may be higher | |||||
For your vehicle loan needs contact us now!
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