• Standard Chartered Bank Car Loan

    Car Loan BYTES FROM OUR KITCHEN

    Standard Chartered Bank Car Loan

    Drive easy, pay comfortably with Standard Chartered Bank’s auto financing plans offering customers a wide range of flexible repayment options and attractive fixed interest rates. As a part of a well-established international banking group, Standard Chartered has been in Singapore for over 150 years. The bank has a vast network of over 1700 branches scattered across the globe. Guided by its core values, Standard Chartered, conducts business to the highest standards, constantly innovating and collaborating to the customers’ needs and demands.


    You’re probably eligible for an Standard Chartered Bank Car Loan if you are

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    Standard Chartered Bank Car Loan Minimum Age

    No Info

    Standard Chartered Bank Car Loan Maximum Age

    No Info

    Standard Chartered Bank Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    Standard Chartered Bank Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your Standard Chartered Bank Car Loan amount eligibility is based on these factors

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    Standard Chartered Bank Car Loan Minimum Salary

    Minimum income
    required is S$50,000

    Standard Chartered Bank Car Loan Maximum Loan to Value

    Maximum Loan up to 70%

    Standard Chartered Bank Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Standard Chartered Bank Car Loan amount by these steps

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    Standard Chartered Bank Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Standard Chartered Bank Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years


    • 1. NRIC / Passport
    • 2. Passport is required for non-Singaporean citizen
    • 3. Copy of Employment Pass (for foreigners only)
    • 4. Copy of latest Income Tax Notice of Assessment
    • 5. Copy of latest 12-month CPF Contribution History Statement
    • 6. Copy of latest 1 month computerised pay slip from current employer
    • 7. Sale and purchase agreements
    • 8. Vehicle registration card / Log card
    • 9. Application for Hire Purchase

    Standard Chartered Bank Car Loan DetailsUpdated on 28 Jun 2017

    Standard Chartered Bank Car Loan Details
    Interest Rate 3.5%
    Margin of Finance Upto 70%
    Loan Tenure 1 year to 7 years
    Guarantor Requirement Guarantor Required

    About Standard Chartered Bank Singapore

    A Standard Chartered car loan comes with flexible repayment options with tenures ranging from 12 to 84 months. This is aimed at reducing the burden of monthly instalment payments for the customer. The key benefit of the Standard Chartered car loan plan is the fixed interest rate offered amidst fluctuating market trends. The Standard Chartered bank finances up to 70% of the car value depending on the Open Market Value. Customers can purchase their new cars from a widespread dealer network. The bank has no hidden charges or fees attached to the car loan. Flexible payment options are available to all the customers and instalments can be paid via GIRO transfers, NETS at AXS stations or at any SingPost Self-service Automated Machine, cheque, online banking and by cash deposits at any cash deposit machine.

    The Standard Chartered bank levies a fee of $60 for late payment of instalments along with an interest of 1% of the amount in arrears on a monthly basis. Customers, who wish to close their car loans before the term expires, can do so by paying 20% of the outstanding interest plus 1% of the balance payable. The Issuance of Schedule is also done at a charge of $10 per schedule. A photocopy of the hire purchase agreement or the log card can be acquired at a charge of $50 payable at the bank.

    Why choose Standard Chartered Car Loan?

    There are many reasons which set the Standard Chartered Car Loan apart from the other car loans available in the market.

    • The Standard Chartered car loan gives you multiple repayment options to choose from, as per your convenience.
    • Choose from a loan tenure which ranges from 2 months to 84 months.
    • One of the key benefits of the Standard Chartered car loan is that it offers loans at fixed interest rates, regardless of the fluctuating market trends.
    • For greater customer ease, Standard Chartered boasts of a widespread network of dealers.
    • With Standard Chartered you can sit back assured that you will not be charged with any hidden costs or fees related to the car loan.

    Some of the notable features and benefits of the Standard Chartered Bank Car Loan are as follows.

    • The Standard Chartered bank finances up to 70% of the car value depending on the Open Market Value.
    • Customers can make payments towards the loan via multiple options like GIRO transfers, NETS at AXS stations or at any SingPost Self-service Automated Machine, by cheque, online banking and by cash deposits at any cash deposit machine.
    • The Standard Chartered bank levies a fee of $60 for late payment of instalments along with an interest of 1% of the amount in arrears on a monthly basis.

    Standard Chartered Bank provides one of the most competitive interest rates in the car loan market. One of the most favourable features of this car loan is its fixed interest rate. This is especially helpful for customers when the market conditions are fluctuating and as a result, so are the interest rates. A fixed rate of interest means that customers pay interest on their loan at a pre-decided rate, which is not affected by the market fluctuations.

    The Standard Chartered car loan is available not only to citizens of Singapore and Singapore Permanent Residents but also to non-Singaporean citizens.

    Identification Documents

    • National Registration Identity Card (NRIC) / Passport
    • Passport is mandatory for Non-Singaporean citizens
    • Copy of Employment Pass (for foreigners only)

    Other Documents

    • Sale and purchase agreements
    • Vehicle registration card / Log card
    • Application for Hire Purchase

    Income Documents

    • Photocopy of the latest Income Tax Notice of Assessment
    • The 12-month CPF Contribution History Statement
    • The latest computerized pay slips of the last three months from the current employer

    The bank offers services including trade finance, cash management, lending, security services, foreign exchange, debt capital markets and private banking services catering to both retail and corporate customers. Few main products bankbazaar.sg is offering includes –

    Standard Chartered Home Loan

    Standard Chartered Personal Loan

    Standard Chartered Fixed Deposit

    Standard Chartered Credit Cards

    Standard Chartered Car Loan – Frequently Asked Questions

    Yes, each late payment will attract a penalty of S$60.

    The Issuance of Schedule is done at a charge of $10 per schedule.

    In case you would like to pay your loan before the expiry of its term, you will be charged a fee which comprises 20% of the remaining interest and 1% of the loan balance payable.

    Yes, you may get either of these documents from the bank itself at a charge of S$50.

    While making payment by cheque, borrowers must remember to do the following:

    1. On the reverse side of the cheque, do remember to mention your contact number, NRIC and Hire Purchase Agreement Number.

    2. All cheques must be crossed and shall be payable to the borrower’s repayment account.

    3. Cheques can be deposited branch of Standard Chartered Bank which is located across Singapore.

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