1. Personal
  2. BORROW
  3. Car Financing
  4. UOB COE Car Loan

UOB COE Car Loan

  • Try 12Try 12

    If you are ready to commit another 10 years, let UOB COE Car Loan help you go the distance

Benefits

With our COE Car Loan, you can continue to enjoy the convenience of car ownership without shelling out a huge sum for a brand new car.

UOB COE Car Loan* offers up to 7 years financing at competitive rates.

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Attractive interest rates

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Fast processing and approval with a wide network of dealers

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A loan quantum of up to 70% of the purchase price or the Bank's valuation, whichever is lower

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 Easy repayment: A maximum repayment period of 7 years and a fixed monthly instalment sum throughout the repayment period

 

How it works

Type of Car Age of Car Margin of Financing Tenure
Used COE Car More than 10 years old
(not exceeding 11 years old)		 Up to 70% *Up to 7 years for revalidated COEs

Requirements and Rates

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Requirements

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  • You must be a Singapore Citizen or Singapore Permanent Resident and at least 21 years old
  • A local guarantor is required if a non-resident individual wishes to apply for a loan
  • The following documents are required:
    • For New Passenger Vehicle: Sales/Purchase Order from supplier
    • For Used Passenger Vehicle: Copy of Registration/COE Card
    • Latest Income Documents (Income Tax Notice of Assessment, IR8A Form, pay slip, etc)
    • Photocopy of identity card/passport
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Car Loans Rates
  COE Car (>10 years to 11 years)
Loan period Interest Rate p.a. Effective Rate
1 year 3.25% 7.04%
2 years 3.25% 6.67%
3 years 3.25% 6.51%
4 years 3.25% 6.40%
5 years 3.25% 6.31%
6 years 3.25% 6.23%
7 years 3.25% 6.17%

The rates shown here are indicative only and are subject to change without prior notice. They are not to be taken as an offer to contract. United Overseas Bank Group shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein.

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Promotion

If you’re thinking of renewing the COE of your current car, we have the perfect route to help make it happen.

From now till 31 July 2018, enjoy a preferential rate of 3.18% p.a.^ interest (Maximum Effective Interest Rate is 6.89% p.a).

Car Loans Rates
  Age of Car
Loan Period Interest Rate p.a. Effective Rate
1 year 3.18% 6.89%
2 years 3.18% 6.53%
3 years 3.18% 6.37%
4 years 3.18% 6.26%
5 years 3.18% 6.18%
6 years 3.18% 6.11%
7 years 3.18% 6.04%

The rates shown here are indicative only and are subject to change without prior notice. They are not to be taken as an offer to contract. United Overseas Bank Group shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein.

^ Terms and Conditions: Minimum loan amount is S$10,000. Promotion is valid till 31 July 2018 and may be subjected to change without prior notice. Maximum of 5 years tenure for revalidated COE of 5 years. Maximum of 7 years tenure for revalidated COE of 10 years. Tenure must not exceed maturity period of the COE. Other terms and conditions apply.

Apply Now

Contact Us

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Call Us 24-hours, toll-free at 1800 388 2121

 

Or

 

Email us

 

 

Via Application Form

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Download an application form
(You will need Adobe Acrobat Reader to view this file. To download a copy, click here.)

 

Upon completion of the form, kindly scan and email the form to us.

More Information

UOB

MAS Notice 642 Motor Vehicle Loans

Collateral Type Maximum LTV
New & used passenger cars (all models)
  • Max. LTV 60% if applicable OMV is more than S$20,000
  • Max. LTV 70% if applicable OMV is S$20,000 or less

In conjunction with the Vehicle Registration Licensing Scheme (VRLS), the following shall apply with effect from 28 Feb 2006:

“(“Where the Goods is a motor vehicle”) Notwithstanding any provision to the contrary in this Agreement, the Hirer agrees that the Land Transport Authority of Singapore (LTA) may, upon receipt of any request to register, transfer or de-register the Goods, seek clarification from the Hire Purchase, Finance and Leasing Association of Singapore (HPFLAS) regarding the financing status of such Goods. The Hirer also agrees that LTA may, upon the request of the Owner and the Owner's fulfilment of any requirements as may be stipulated by LTA, temporarily suspend (for such period as may be determined by LTA) or refuse any such transfer or de-registration of the Goods or transaction relating to the PARF/COE rebates in respect of the Goods. The Hirer acknowledges and agrees that this Clause shall be enforceable by LTA."

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

*Maximum of 5 years tenure for revalidated COE of 5 years.  Maximum of 7 years tenure for revalidated COE of 10 years. Tenure must not exceed maturity period of the COE.  Other terms and conditions apply.  For more information, please refer to the application form.