UOB Go Green Car Loan
It’s time to drive the green initiative! Shrink your carbon footprint and show some love for the earth when you purchase an electric vehicle and power it with the UOB Go Green Car Loan.
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
Rates
- New electric car
| New electric car | ||
| Loan Period | Interest rate p.a. | Effective Interest Rate |
| 1 year | 2.48% | 4.55% |
| 2 years | 2.48% | 4.69% |
| 3 years | 2.48% | 4.72% |
| 4 years | 2.48% | 4.71% |
| 5 years | 2.48% | 4.70% |
| 6 years | 2.48% | 4.68% |
| 7 years | 2.48% | 4.65% |
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
What are Renewable Energy Certificates (RECs)?
Electricity is generated from many different sources, ranging from wind power and solar to natural gas and nuclear power and enters the power grid. Electricity produced from the different sources that flows through the grid are undifferentiated, so there is no way to know the origin of the energy you consume.
RECs represent the energy generated by renewable energy sources, such as solar or wind power facilities. When you purchase RECs, the “renewable” aspects of the renewable energy is transferred to you and you can claim that the electricity you used came from a renewable source with low or zero emissions. The adoption of RECs supports and encourages the development of renewable energy projects, thereby bringing about a positive impact to the environment.
Requirements
- Applicable to finance the purchase of fully electric cars only
- 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, Computerized Payslip)
- Vehicle Sales Agreement (if applicable).
Car loan instalment calculator
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Whether you’re in the market for a new or used car, this car loan offers attractive and competitive interest rates that’ll put you in the driver’s seat comfortably.
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Love your car? If you are ready to commit another 5 or 10 years, we’ll help you go the distance.
UOB HP50 Car Loan
The only car financing plan that lets you halve your monthly instalments so you can enjoy greater financial mobility.
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