Singapore Car Loan Calculator

Calculate your monthly car loan installments, total interest payable, and understand your financing options in Singapore.

Calculate Your Car Loan

SGD
SGD
SGD
1 - 7 years
1% - 5%

Your Loan Results

Monthly Installment
SGD 1,140
Total Loan Amount
SGD 64,000
Total Interest
SGD 4,400
Total Payment
SGD 68,400
Principal
Interest
Principal Amount
Total Interest

Singapore Car Loan Information

In Singapore, car loans are regulated by the Monetary Authority of Singapore (MAS). Here are key points to consider:

Maximum Loan Amount

For cars with OMV ≤ SGD 20,000: Up to 70% of purchase price
For cars with OMV > SGD 20,000: Up to 60% of purchase price

Loan Tenure

Maximum loan tenure is 7 years for new cars and 5 years for used cars.

Interest Rates

Typical interest rates range from 2.5% to 3.5% per annum, depending on the financial institution.

Additional Costs

Remember to factor in COE, road tax, insurance, and other ownership costs when budgeting.