In-House Car Loan Service

In-House Car Loan Service Singapore

If you are having a hard time in getting your car loan approved due to some past credit blemishes, Speed Credit will be able to assist you in financing your dream car through our in-house car loan service in Singapore.

Let us help you with your financing needs and give you the best in-house car loan package that is based on your budget and needs. Our in-house car loan service aims to help those with compromised or no credit records who are usually deprived from getting a car finance through the traditional banking channels in Singapore.

What is also good about our in-house car loan service is it offers a faster and more efficient loan process. Apply for an in-house car loan today.

Contact us today at +65 6444 4400 for more information.

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Application Process

  • Call us at +65 6444 4400 to speak to our car finance representative.
  • Wait for our car finance specialists’ reply or instructions.
  • Submit all the required documents via fax (+65 6444 4455) or email ([email protected])
  • We will notify you within 1 working day regarding the status of your in-house car loan application.
  • Once your in-house car loan application is approved, our car finance specialist will contact you for further instructions.

 

Eligibility

  • Loan applicant should be 21 years old and above.
  • Maximum loan amount is 70-80% based on valuation.
  • Loan applicant’s minimum income should be S$30,000 or 4x higher than its monthly loan installment.

 

Requirements for In-House Car Loan Application

Buyer

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following)
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip
  4. Sales & Purchase Agreement (Used Attached or Own Agreement)

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Guarantor

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Buyer

  1. Loan Application Form (Preferred 2 chop & Signed , At least 1 is filled , chop & signed )
  2. Clear Copy Of Acra (Printed Within 3 Months )
  3. Latest 3 Months Bank Statement
  4. Sales & Purchase Agreement (Used Attached or Own Agreement)

Guarantor (Director of Company)

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Buyer

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of Passport
  3. Income Documents (Any of the following)
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip
  4. Clear Copy Of Employment Pass (Front & Back)
  5. Full Set Employment Agreement
  6. Sales & Purchase Agreement (Used Attached or Own Agreement)

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Guarantor (Must be a Singaporean)

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Interest Rates

Our in-house car loan interest rate starts from 3.88%.

For more information about our in house car loan service and rates, you can contact our friendly car finance specialist, Lynn Chai at +65 9851 8281.