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 fulfills this plea, you’re sure to benefit from it.
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 installments over a certain period of time at affordable interest rates.
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|
Leveraging its expertise in banking and retail loans, DBS extends competitive loan options for car aspirants in Singapore.
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.
With a flexible payment tenor to choose from, a car loan from DBS offers you attractive finance options at appealing interest rates. You also stand to benefit from an efficient customer service team to help you with after sales servicing with your loan.
The interest rates on car loan largely depends on the tenor chosen. Lower the tenor, lesser the interest. DBS offers two types of interest rate options, Flat basis and Monthly rest basis. Under the flat rate option, rate of interest begins at just 2.28% pa. Do inquire for EIR (Effective Interest Rate) with the bank officials at the time of applying which is slightly higher than the base rate.
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