Singapore is one of the most flourishing countries in the World today. With an economy that is considered most vibrant, the island nation is poised to lead by example for countries across the globe. Personal conveyance is a key ingredient for effective time management in this bustling global hub. In a fast paced country like Singapore, time is money. If you have a car that fulfils this plea, you’re sure to benefit from it. Plus, you also have an upper hand when it comes to holidays and weekend getaways with family and friends.
Atleast 21 years old
Above 21 years
Salaried or self-employed
with regular income
Earn more than the minimum
Minimum income required
Maximum Loan 60%-70%
EMIs of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 7 years
|Interest Rate||2.28 p.a.*, EIR - 4.29 p.a.*|
|Margin of Finance||60% to 70%|
|Loan Tenure||1 year to 7 years|
|Guarantor Requirement||No Info|
When we talk about buying a car, a common question that instantly strikes our minds is, the source of funding. A wise choice would be to add financial stimulus to your car dream by means of a car loan, a popular choice of funding the requirement. Car or auto loan is an affordable finance option that funds a large chunk of the costs and lets you pay in equated monthly instalments over a certain period of time at affordable interest rates.
The Development Bank of Singapore Limited is a Singapore headquartered international banking & financial services institution with firm presence in major countries across S.E Asia which includes India & China.
DBS was founded in 1968 by the Government of Singapore and today is the largest bank in Singapore by assets. Listed on the Singapore Exchange, this banking mammoth has over 100 branches in the country servicing individual, corporate & institutional customers. In Singapore, DBS provides services in consumer banking, treasury and markets, asset management, securities brokerage & equity. The bank has over 21,000 employees serving customers worldwide.
The bank offers affordable car loans at competitive interest rates for both new and used cars. If you’re looking for a hassle free car loans with no frills, DBS is the right bank for you. The bank provides auto loans for all types of cars with minimum documentation.
Enduring repayment tenor: You can pay the car loan in easy EMI’s for up to 5 years. You have the freedom to choose a repayment period that matches your repayment capacity.
Fixed interest rate: The interest rates are fixed for the entire tenor & are on par with market standards. This adds to your advantage by helping you forecast future costs and planning monthly budget.
Simple application process: With elementary paperwork, you can apply for a car loan from DBS in easy steps. The friendly bank representatives will advise and guide you with all the documentation in a phased manner.
Zero hidden costs: All charges and fees incurred are communicated upfront. No undercover charges are levied by DBS.
Financing amount: Get up to 60% financing if the car value if greater than or equal to S$20,000 and 50% if it is less than the benchmark figure.
Fast track approval: DBS understands your eagerness to own a car and processes all applications within the stipulated time. The loan status is communicated in a transparent manner.
Loan eligibility is a comprehensive determinant which includes an array of factors such as income, repayment capacity etc. The bank representatives will advise you further on eligibility at the time of loan application.
The fixed rate of interest will be communicated to you at the time inquiry or car loan application.
The arrangement will be on basis of Hire Purchase contract governed by rules under the Hire Purchase Act.
Land Rover is all set to introduce its best Range Rover Sport edition in the year 2017. The Range Rover Sport that will be launched in 2017 efficient Ingenium powertrain, upgraded infotainment system with connectivity and Wi-Fi capability, innovative new semi-autonomous driving connected technologies and a chance to personalise it to your taste.The 2017 model will sport the new 2.0-litre four-cylinder Ingenium Diesel Engine manufactured at Jaguar Land Rover's own engine plant in Wolverhampton. Land Rover will also incorporate a series of semi-autonomous driving technologies along with the new engine in the new model.
22nd August 2016
Runtime: Till 31st May, 2016
Particulars: Apply for a car loan from DBS by 31 May, 2016 and enjoy an attractive interest rate of 2.28 percent per annum (Effective Interest Rate of 4.33 percent per annum for a loan tenure of 5 years) for a used car loan. You can save up to 0.70 percent per annum on interest as the prevailing rate offered with DBS car loan is 2.98 percent per annum (Effective Interest Rate of 5.61 percent per annum).
Terms and Conditions: Please contact the bank for applicable terms and conditions.
Runtime: From now till 29 Feb, 2016
Particulars: Purchase your dream car by applying for a car loan from DBS Bank and enjoy a low interest rate of 2.28 percent per annum (Effective Interest Rate of 4.33 percent per annum) for a tenure of 5 years. The car loan specialists of the bank will assist you with the application process and will also assist you in making the right financial decision.
Terms and Conditions
• This interest rate promotion is only available for the purchase of used cars.
• The loan application should be approved by 29 Feb, 2016.
• Please contact DBS Bank for all applicable terms and conditions for this promotion.
15th January 2016