UOB COE Car Loan
Love your car? If you are ready to commit another 5 or 10 years, we’ll help you go the distance.
Benefits
Attractive interest rates
Fast processing and approval
Secure your loan at top speed with Singapore’s first digital car financing service that enables instant car loan approvals.
Higher loan quantum
Loan up to 70% of the purchase price or the Bank’s valuation, whichever is lower.
Easy repayment
A maximum repayment period of 7 years and a fixed monthly instalment sum throughout the repayment period
How it works
- For illustration purposes, this is how a UOB COE Car Loan compares against the traditional UOB Car Loan:
| For illustration purposes, this is how a UOB COE Car Loan compares against the traditional UOB Car Loan: | |
| Type of car: Used COE Car | Age of car: More than 10 years old (not exceeding 11 years old) |
| Margin of financing: Up to 70% | Tenure: Up to 7 years for revalidated COEs |
Rates
- COE Car
(>10 years to 11 years)
| COE Car (>10 years to 11 years) |
||
| Loan Period | Interest rate p.a. | Effective Interest Rate |
| 1 year | 2.88% | 5.27% |
| 2 years | 2.88% | 5.44% |
| 3 years | 2.88% | 5.46% |
| 4 years | 2.88% | 5.45% |
| 5 years | 2.88% | 5.43% |
| 6 years | 2.88% | 5.40% |
| 7 years | 2.88% | 5.36% |
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.
Things you should know
Requirements
- 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
- Apply online using MyInfo through your Car Dealer or get in touch with us to skip the need to provide income documents. Your confidential information is sent directly to UOB
- Documents required if you fill the form yourself:
- A copy of your Identity Card / Passport and Work Permit (applicable to foreigners only)
- Income Documents (Latest Income Tax Notice of Assessment, last 6 months’ CPF contribution statement, Computerised Payslip)
- Vehicle Sales Agreement (if applicable)
- Before taking up a loan, please refer to the Basic Financial Planning Guide to ensure that you have taken the necessary steps to address your savings, insurance and investment needs.
Note
*We may pay car dealers commission or fees to market our car loans packages and services to you. Such commission or fees payable to the car dealers are for our own account and we shall not be obliged to disclose them to you.
Car loan instalment calculator
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