Related Questions
- When my car's COE is expiring, do I need to clear the loan first before I can scrap or de-register the car?
- Do I need a guarantor to renew my COE ?
- Hello, if I apply for loan on COE renewal for bike what's the downpayment?
- Do hazard lights drain the car battery?
- Does every type of insurance cover modified cars?
How can we
assist you?
Alan Lim asked about COE Renewal
over 3 years ago
Does the loan for coe renewal cover everything?
386 Views 1 Answer
How can we
assist you?
1 Answer
Hi Alan! Yes, our COE Renewal loan covers the full amount. If you are renewing your COE for 10 years, the maximum repayment term is 7 years. For 5 years COE renewal, the maximum repayment term is 5 years.
However, do note that full loans are approved on a case-by-case basis. Check with our friendly consultants to find out if you are eligible for a full COE loan: https://www.motorist.sg/coe-renewal