Compare Car Loans

Financing is one of the largest components of car ownership cost in Singapore. With vehicles regularly exceeding six figures, most buyers rely on a car loan — and the terms you choose can mean tens of thousands of dollars in difference over the life of the loan. The three key variables are loan-to-value ratio (which determines your minimum down payment), tenure length, and interest rate type. Use the loan calculator to model different scenarios and see how each variable affects your monthly instalment and total interest paid.

When comparing banks, look beyond the advertised flat rate. A lower flat rate from one lender may translate to a higher effective rate than a competitor once fees and conditions are factored in. Also consider flexibility: some loans allow partial prepayment without penalty, which can save significant interest if you come into extra funds. Matching the right loan structure to your financial situation is just as important as negotiating the car price itself.