Monday, 06 September 2010
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Loan ApplicationAuto Loan

We assist you in your Auto loan and refinance applications

The common prevailing maximum loan amount for new car loans is 90% of the car price.

The common prevailing rates for new car loans is as follows:

3.25% --- 1 to 6 yr loan term

3.50% --- 7 to 10 yr loan term

 

Documents required for loan application:

  • 1. Photocopies of identity card (both sides).
  • 2. Evidence of income via computerized pay slip, latest Income Tax Notice of Assessment and/or CPF statement.
  • 3. Latest 2 years' Income Tax Assessment for self-employed.
  • 4. Last 3 months' bank and/or credit card statements.
  • 5. Copy of Sale Agreement.
  • 6. Copy of log card / COE for used car.

 

Insurance

Looking for your ideal car insurance that gives you total protection at the most competitive premium available? We provide a minimum of 3 competitive quotes. No obligations. No service charge. You choose the best deal.

 

Auto Insurance Buying Tips:insurance

There are many factors that may affect insurance premiums. Gender, age, driving experience, previous claims experience, occupation, make and model of the vehicle are contributory factors influencing premium rates. A good driving record is important to keep premiums low.

There are many different types of insurance coverage available. It is important to understand the various types of coverage and policy conditions to make the most informed decision. For the same type of coverage, the cheapest premium offered by an insurance company may not necessarily mean the best, as policy may be tied down by certain conditions such as restricted workshop scheme and accident excess.