Back
Locate Us

Islamic Financing

Auto Finance-i

Drive off in your dream car, with a little help from us.

  • ELIGIBILITY:

    Age: 21 and above.
    Open to Singapore Citizens, Singapore Permanent Residents, and Foreigners*

Benefits


  • Finance up to 70% of the purchase or valuation price (whichever is lower).
  • Financing term of up to 7 years*.
  • Attractive profit rates (flat-rate scheme).
  • Fixed monthly rental payments throughout your payment period.
  • Convenience of GIRO payments.

Requirements


ELIGIBILITY:

  • 21 and above.
    Open to Singapore Citizens, Singapore Permanent Residents, and Foreigners with Employment Pass (with a local guarantor).
  • Minimum monthly income of S$1,500.

 

APPLICATION DOCUMENTS:

  • Sales or Purchase Order
  • Photocopy of your NRIC / Passport
  • One of these income documents:
    • Latest computerised payslip
    • CPF Statement of Account
    • Latest Income Tax Notice of Assessment
  • For used cars:
    • Transfer of Vehicle Ownership (Acknowledgement) OR
    • PARF / COE Rebate Enquiry
  • Your contact number

Fees & Charges


  • Cars less than 10 years old: up to 70% margin financing; maximum 7 years. Age of car + tenure must not exceed 10 years.
  • Cars from 10 to 20 years old: up to 70% margin financing; maximum 5 years for revalidated COE of 10 years / maximum 4 years for revalidated COE of 5 years. Tenure must not exceed maturity period of COE.

To apply, contact us or download and complete the Hire Purchase Application Form