Car Loan

POSB Car Loan

Get one step closer to owning the car that you deserve!

Auto Loans

If you’re looking for a simple and affordable car loan, POSB Car Loan gives you just that.

Features

  • Choice of loan tenor from 1 year to 7 years.
  • Loan amount is pegged to the Open Market Value (OMV)
    Open market value#Maximum Finance Amount
    ≤ S$20,00070% of the purchase price or valuation price, whichever is lower
    > S$20,00060% of the purchase price or valuation price, whichever is lower

Tips for Used Car

  • It is recommended that you do not transfer the car under your name prior to loan approval.
  • Loan is only available for vehicles which are not more than 10 years old from the original date of registration.
  • The open market value (OMV) of a used motor vehicle will be adjusted in accordance with its age, for the purpose of determining the appropriate loan-to-value (LTV) ratio allowable under the financing restrictions. A straight-line depreciation will be adopted in the value of the original OMV over 10 years (120 months) to derive an "applicable OMV" for purpose of determining the appropriate LTV ratio.

Sign Me Up

Useful Toolkit

Declaration Form

Find out about your affordability with these calculators

The calculators are intended to be used for illustrative purposes only.

The Bank accepts no liability for errors or omissions, nor for any loss arising from use of or reliance on this calculation herein.

The maximum loan amount is subjected to prevailing regulatory requirements and the bank at our absolute discretion is entitled to review the facility.

How would you rate this page?

Thank you! We appreciate your feedback.

Any further suggestions?

500

What issues did you face today?

Any further suggestions?

500
I agree to Terms & Conditions