Back
Locate Us

Hire Purchase

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

Calculator


IMPORTANT NOTICE AND DISCLAIMER

  • The computation and results above are for illustrative purposes only and do not constitute a financing offer. Financings are granted at the discretion of the Bank.
  • The Bank makes no representation or warranty as to the accuracy, correctness or completeness of the computation or results obtained herein, and will not under any circumstances accept responsibility or liability for any errors or omissions or for any losses arising from use of or reliance on the calculation herein.
  • Actual profit rates and calculations used may differ from those used for the figures computed above.

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