OCBC Bank

$1,117.71 /mth

Interest Rate

2.48%

Min Loan Amount

$30,000

Max Loan Tenure

7 yrs

Used Car Loan,
$80,000 for 84 months

$

Last Updated: 13/12/2024

Financing Period: 1 to 7 years

Maximum Financing Period: Age of Vehicle + Financing Period = Not Exceeding 10 Years

Minimum Financing Amount: S$30,000 FOR 2.48% & 2.78% NEW/USED/EV CAR



Minimum Financing Amount: S$15,000 FOR 2.88% COE CAR



Minimum Financing Amount: S$80,000 FOR 2.18% NEW/USED CAR (PROMOTIONAL PERIOD FROM 10/12/2024 TO 31/12/2024)

Maximum Financing Amount: Up to 70% of purchase price or bank's valuation whichever is lower if OMV is lesser than or equal to S$20,000; or Up to 60% of purchase price or bank's valuation whichever is lower if OMV is more than S$20,000

Early Settlement Fee: An early settlement fee of 20% of Interest Rebate based on Rule of 78 will apply throughout the finance period for both Hire Purchase Act and Non-Hire Purchase Act cases

Early Settlement Penalty: 1% on the outstanding amount owed

Early Settlement Notification Period: 30 working days' prior written notice, or otherwise, payment 1 month's interest in lieu

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