Individual Car Loan Application Requirements for Locals


For the local car buyer, requirements are signed car loan application form, a clear copy of your NRIC (front & back), at least one income document and sales & purchase agreement. Income document can either be your latest 6 months CPF, 2 years notice of assessment or latest 3 months computerized payslip.

For the local/non-local car seller, requirements are vehicle log card or acknowledgement and clear copy of NRIC / Passport are needed. If the seller’s vehicle is still under finance, an authorization form to check full settlement is needed.

Individual Car Loan Application Requirements For Foreigners

For the non-local car buyer, requirements are signed car loan application form, a clear copy of your passport, clear copy of employment pass (front & back), full set of employment agreement, sales & purchase agreement at least one income document. Income document can either be your latest 6 months CPF, 2 years notice of assessment or latest 3 months computerized payslip.

For the local/non-local car seller, requirements are vehicle log card or acknowledgement and clear copy of NRIC / Passport are needed. If the seller’s vehicle is still under finance, an authorization form to check full settlement is needed.

A guarantor is usually required for foreigners who wish to apply for a car loan. His or her guarantors MUST be a Singaporean. Requirements for the local guarantor are signed car loan application form, a clear copy of your NRIC (front & back) and at least one income document. Income document can either be your latest 6 months CPF, 2 years notice of assessment or latest 3 months computerized payslip.

Car Loan Application Requirements For Companies

For the car buyer (company), requirements are signed and chopped car loan application form, a clear copy of Acra printed within 3 months, latest 3 months bank statement and sales & purchase agreement.

For the local/non-local car seller, requirements are vehicle log card or acknowledgement and clear copy of NRIC / Passport are needed. If the seller’s vehicle is still under finance, an authorization form to check full settlement is needed.

A guarantor is usually required for a company car loan application and should be the director a company. Requirements are signed car loan application form, a clear copy of your NRIC (front & back) and at least one income document. Income document can either be your latest 6 months CPF, 2 years notice of assessment or latest 3 months computerized payslip.