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Auto Financing

Our Auto Financing hire purchase plan offers you flexibility repayment plans and attractive interest rate packages

  • New cars 2.48%
  • Used cars 2.78%
  • Loan Tenure(months) 12 - 84

Auto Financing Features

  • Flexible repayment plan

    Choose from a variety of repayment plans, ranging from 12 to 84 months to lower your instalment payments

  • Wide distribution network

    Purchase the car of your choice from our wide network of dealers across the island

  • Hassle-free application process

    Speak with any of our preferred dealers to learn more

  • Attractive interest rates

    Enjoy peace of mind against rate fluctuations with our attractive packages at fixed interest rates

  • Pay your bills with ease

    Enjoy the convenience of payments through various payment channels available

Fees and Charges.

Late payment fee $60 will be charged for each late payment
Late payment interest 12% per annum on the overdue amount on a monthly basis
Early completion fee Within 12 months from commencement date: 20% of outstanding interest + 1.5% of balance payable

12 months or more from commencement date: 20% of outstanding interest + 1% of balance payable

Photocopy of hire purchase agreement or log card $53.50 (including GST)

Please note that fees and charges may be levied for other services provided by us.

Early Completion:

Please visit any of the following locations if you wish to effect early completion of the purchase of the goods or the termination of the hiring of the goods before the expiration of the hire period:

Payment Mode
Operating Hours
Processing Time
Any SCB branch (Find an SCB branch near you) Cashier’s Order, Cheque, Cash or Debiting to repayment account Please refer to the respective SCB branch operating hours Within 3 business days
Standard Chartered @ Changi,
7 Changi Business Park Crescent,
Level 1 (Mailing Room),
Singapore 486028
Cashier’s Order 9am to 2pm (Mon-Fri, excluding weekends and public holidays) Within same day
Full Settlement Quote:
  • If you would like to request for an early full settlement quote, please download the form below and fax to 6223 9158:?Early full settlement form (for customers)?&?Early full settlement form (for car dealers)
  • Requests for early full settlement quotes will be processed during our operating hours (Mon-Fri 9am-5pm, and closed on public holidays), and quotations will be mailed to you within 2 business days.
  • If you have any questions, please call our hotline at 1800 747 7000.

Fee and Rate table

Eligibility & Documents

Documents Required

  • Identification documents
    • Singapore Citizen / Permanent Resident:
      • Copy of NRIC (front and back) OR
      • Copy of Passport (for Singapore Permanent Residents)
    • Foreigners:
      • Copy of Passport
      • Copy of Employment Pass
      • Any of the following documents:
        • Latest Utility bills (electricity, water, refuse collection), rates or tax bills
        • Latest Bank or Credit Card statements (including e-statement)
        • Copy of Rental Agreements showing your address
        • Latest Mobile phone statements / pay TV statements
        • Letter from Employer stating current address
        • Government issued documents stating address (e.g. IRAS, CPF, ICA)

Documents Required

  • Income documents
    • Copy of latest Income Tax Notice of Assessment (2 years for Self-employed); or
    • Copy of latest 1 month computerised payslip from current employer; or
    • Copy of latest 12 month CPF Contribution Statement
  • Sale and purchase agreements
  • Vehicle registration card / Log card
  • Application for Hire Purchase
  • Please complete and sign this form.
    • Please complete and sign this form. You can also do this at your car dealer.