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Get the Best Car Loan Offer in Singapore 2023!

Compare car loan & get low interest rates.

10000 car loan

Paid over 3 Years

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Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.

How to Apply Today?

Whether you need a car loan for 1 year or 7 years, for a new car or a used car, Loan Advisor can assist you to find the best loan today. Simply follow these 3 steps:

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Step 1:
Submit a Car Loan Enquiry Form to Loan Advisor

Simply share your expectations of the loan amount, tenor, and interest rates in a simple form, click submit then sit back and relax.

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Step 2:
Receive and compare up to three loan offers

Within five minutes or less, we’ll scan suitable loan offers and amounts from more than 150 loan providers in Singapore and send you the three best quotes.

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Step 3:
Drop by to your prefer loan providers office to sign the paperwork

Select your perfect match and arrange a quick slot with the lender to finalize and sign any necessary legal documents.

Car Loan Key Features

The best car loans aren’t always easy to spot, but Loan Advisor will further put you in touch with the deals that best suit your circumstances. In most cases, the best car loans in Singapore will offer:

  • Attractive interest rates

Lower interest rates mean lower overall loan costs in the long run. Most banks offer rates of around 2.28% to 2.78%. We’ll accommodate you to find the best deal.

  • Tenures up to 7 years

It’s common for banks to offer loan periods of up to 7 years, but maybe you want to pay off your loan sooner? Tell us what you need, and we’ll hunt down the right loan.

  • Loan amounts up to 70% of a car’s value

Most banks offer a minimum loan amount of $10,000 to $20,000, but this isn’t always the case. Should you need lots of cash to purchase a new car, or a smaller loan to put towards a used car, you can rely on us.

  • Customizable features

Whether you need a longer loan tenure of up to 7 years, a better interest rate than 2.78%, or a fast application process, the best car loans can be tailored to suit you. Find out what’s available today!

Simple, straightforward and hassle-free

Dreaming of buying a new car, but don’t have the funds to make it happen? An affordable auto loan with manageable monthly payments is the solution.

How to Choose the Best Car Loan

Forget expensive credit cards and complicated car finance packages. Find a quick and easy car loan in minutes with Loan Advisor by comparing the best deals with the click of a button.

Whether you need a loan to help purchase a new automobile, or you’re looking for quick finance to put toward used cars or a truck, you need to know how to spot the best deals. Here are our top tips on what to look for:

  • Interest rates of 2.78% or less
  • Flexible tenures up to 7 years
  • Customizable loan amounts
  • Fast applications and approvals

The Biggest Benefits of Using Loan Advisor

Loan Advisor takes the pain out of shopping around for the best loans with low rates, fees, and flexible tenors. With our three-step search and application process you can:

Receive loan approval within five minutes or less

We help you to bypass lengthy bank checks by bringing you amazing deals from licensed money lenders with faster approval processes.

Save valuable time online

Our service will only ever connect you with trusted loans from respected money lenders that are fully licensed by the Ministry of Law. We search and compare deals from more than 150 tried and tested lenders.

Secure a deal with a top licensed money lender

Our service will only ever connect you with trusted loans from respected money lenders that are fully licensed by the Ministry of Law. We search and compare deals from more than 150 tried and tested lenders.

Avoid the hassle of loan applications

Let’s face it, looking for loans during periods of financial difficulty is stressful and filling in endless applications is annoying. Just tell Loan Advisor what amount you need, and we’ll send you three suitable, no-obligation quotes.

Why Choose Loan Advisor?

If you’re confused about car loans and want to compare the best interest rate, tenures, and information from top banks in Singapore, you landed on the right loan comparison site.

Loan Advisor gathers the best auto loan quotes, so you don’t have to. Want to beat that 2.78% average rate? Want a fast car loan for up to 7 years? We have a reputation as one of the best loan comparison sites in Singapore. Don’t just take our words for it, check out our clients’ reviews.

Find Your Perfect Car Loan Right Now

Great loan deals don’t last forever and aren’t always easy to find on your own – especially if you’re looking for the best interest rates. Why waste time scouring the web for suitable loans when Loan Advisor can compare the most solid car loans Singapore has to offer in the blink of an eye?

Car Loan FAQ

Still unsure about car loans? Here are some FAQs to help you make smarter financial decisions.

Singaporeans can get four different types of car loan, which are:

  • New car loans (1 to 7 years)
  • Loans for used cars (tenures depend on car’s age)
  • Commercial car loans (for commercial vehicles only)
  • Car loan refinancing (i.e. switching deal for lower loan interest)

If your new vehicle or used car’s purchase price is $20,000 or less, you can borrow up to 70% of the car’s Open Market Value (OMV). If the car is worth more than $20,000, you can borrow up to 60%.

What documents are required for a car loan in Singapore?

Ordinarily, you will need to provide:

  • A loan application form
  • Proof of income
  • NRIC information
  • A vehicle sales agreement

Interest rates typically sit around 2.78% or less – but it’s easy to get a better deal by shopping around. Early repayment fees of 1% of the total financed amount and/or late fees of 3-5% p.a. may also apply.

Loan Advisor’s comparison service will give you all the information you need to compare the best loans in minutes.

Yes – this can also help you figure out how much you can afford and what your monthly payment might look like in advance.

In most cases, you will need to pay from 30 to 40% of a car’s purchase price upfront, depending on the car’s value.

This will depend on the type of loan you choose.

You should compare the best auto loans in terms of interest rates, monthly repayments, fees, and charges. Before applying, you should ensure you are a Singaporean citizen or permanent resident and at least 21 years old. Ideally, it will be easier to get a loan if you have a good credit score and are up to date with your credit cards, too.

The standard process looks like this:

  • Step 1 – Fill out a loan application form
  • Step 2 – Receive conditional approval within 5 days
  • Step 3 – Provide supporting documentation
  • Step 4 – Sign your paperwork
  • Step 5 – Order/collect your car and start making your repayments

Yes, although you might only be eligible for lower loan amounts and higher interest rates under rights reserved by individual banks.

The best deals change on a daily basis, so carry out a comparison car loan search with Loan Advisor today for up to date quotes.

Whether you need a loan for 1 year or 7 years, Loan Advisor’s car loan comparison in Singapore can find you a great deal with low loan interest today. Try it out now

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