Car Loan

You'll Love


  • Affordable and competitive interest rates
  • Fast processing and approval
  • Loan up to 70% of the purchase price or the Bank’s valuation, whichever is lower
  • Easy repayment with repayment period of up to 7 years

You'll Need


  • To be a Singapore Citizen or Singapore Permanent Resident and at least 21 years old
  • A local guarantor if you are not a resident
  • Latest Income Documents (Income Tax Notice of Assessment, IR8A Form, Pay slip. Etc)
  • Photocopy of identity card/passport
  • Sales/Purchase Agreement from car distributor
 

UOB HP50 Car Loan

 
It’s now even more affordable to own your dream car with UOB HP50 Car Loan, the car financing plan that lets you halve your monthly instalments so you can enjoy greater financial mobility.

Get up to 50% off your monthly car instalments for 59 months and at the end of the loan tenure (60th month), you can choose to:

 

How it works

 


Car Price: $200,000

HP50 loan quantum: 50%

Max principal loan amount:$100,000

Loan tenure: 5 years (60 months)

   
For illustration purposes only.

Requirements

 
  • Singapore Citizen or Singapore Permanent Resident
  • At least 21 years old
  • A local guarantor is required if a non-resident individual wishes to apply for a loan
  • Latest Income Documents (Income Tax Notice of Assessment, IR8A Form, pay slip, etc)
  • Photocopy of identity card/passport
  • Sales/Purchase Agreement from car distributor
 
 

Apply Now


Submit your application form online
Download an application form
(You will need Adobe Acrobat Reader to view this file)
*UOB HP50 Car Loan: Terms and conditions apply. Limited to New Passenger Vehicles only. Minimum loan size is S$50,000 and maximum loan size is capped at S$400,000. Full product terms and conditions apply and subject to regulatory requirements. The terms and conditions applicable to this product are contained in the application form and other offer documents. Final terms may differ and loan approval is subject to the Bank’s final credit assessment.

More Information

 

MAS Notice 642 Motor Vehicle Loans
Collateral TypeMaximum LTV
New & Used Passenger Cars (all models) >Max LTV 60% if applicable OMV is > S$20,000
>Max LTV 70% if applicable OMV is ≤ S$20,000
Including any other related credit facilities

Car Financing Loan Settlement

Vehicle Loan Full Settlement - Cut-off Time
  • For Receipt of Payment and for UOB to Dislodge the Finance Interest (Form B) with HPFLAS

Important Notes:
(a) “Business day” refers to Monday to Friday, from 9am to 2pm, excluding Saturday, Sunday and Public Holidays
(b) Payment made after business hours is considered made at 9am on the following business day
(c) It is important that you do not deposit cash/cheque at any UOB Group branch as the release of Form B will be delayed.
(d) The release of Form B is subject to clearance of third-party cheque
(e) Cut-off time is subject to change without notice

Schedule for Payment and Dislodgement of Finance Interest with HPFLAS
Payment at Retail Loan Operations Centre
Account Processing – Incoming Funds

Address:

United Overseas Bank Ltd - Retail Loan Operations Centre,
1, Tampines Central 1
#03-02 UOB Tampines Centre
Singapore 529539

Fax Number:

+65 6788 5930

 Payment Time
(Monday-Friday)
Dislodgement of Interest with HPFLAS
By Cashier’s Order or cash or debiting UOB Account9am to 2pmWithin next business day
By third-party cheque9am to 2pmWithin three business days