UOB HP50 Car Loan
The only car financing plan that lets you halve your monthly instalments so you can enjoy greater financial mobility.
Benefits
Get up to 50% off your monthly instalments for 59 months. At the end of the loan tenure, choose to:
Redeem
Redeem your vehicle by paying the final instalment
Trade in
Trade in your current car at the prevailing market price for your next dream car at your dealership
Lease
Enter into a sell and lease back scheme with your dealer
How it works
- For illustration purposes, this is how a UOB HP50 Car Loan compares against the traditional UOB Car Loan:
| For illustration purposes, this is how a UOB HP50 Car Loan compares against the traditional UOB Car Loan: | |
| Car Price: S$200,000 | Loan quantum of up to 70% of the purchase price or the Bank's valuation, whichever is lower |
| Principal loan amount: S$100,000 | Loan tenure: 5 years (60 months) |
- UOB HP50 Car loan
- UOB Car loan
| UOB HP50 Car loan | UOB Car loan | |
| Interest rate (Flat Rate) | 3.88% | 3.88% |
| Total principal + interest | S$119,400 | S$119,400 |
| Instalment amount | S$1,012/month for 59 months | S$1,990 (1st to 60th month) |
| Instalment amount for last month | S$59,692 for the 60th month | S$1,990 (1st to 60th month) |
For illustration purposes only.
Rates
- HP50 New car
| HP50 New car | ||
| Loan Period | Interest rate p.a. | Effective Interest Rate |
| 5 years only | 3.88% | 7.47% |
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
- Applicable to finance the purchase of new cars only
- You must be a Singapore Citizen or Singapore Permanent Resident and at least 21 years old
- 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.
Terms and conditions
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.
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.
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.
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.
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