• UOB Car Loan

    Car Loan BYTES FROM OUR KITCHEN

    UOB Bank Car Loan

    About the Bank - United Overseas Bank Limited previously known as United Chinese Bank or UCB is a major banking organization that was established in 1935 and has its headquarters in Singapore, with branches in almost all South-East Asian countries. In Singapore, the bank has 68 branches and a network of approximately 500 offices in Asia Pacific, North America and Western Europe.


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

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    UOB Bank Car Loan Minimum Age

    Atleast 21 years old

    UOB Bank Car Loan Maximum Age

    Above 21 years

    UOB Bank Car Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    UOB Bank Car Loan Minimum Income

    Earn more than the minimum
    income required


    Your UOB Bank Car Loan amount eligibility is based on these factors

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    UOB Bank Car Loan Minimum Salary

    No Info

    UOB Bank Car Loan Maximum Loan to Value

    Maximum Loan up to 70%

    UOB Bank Car Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible UOB Bank Car Loan amount by these steps

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    UOB Bank Car Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    UOB Bank Car Loan Maximum Tenure

    Choose longer tenure loan up to 7 years


    Documentation needed to apply for an UOB Bank Car Loan

    • 1. For New Passenger Vehicle: Sales/Purchase Order from supplier
    • 2.For Used Passenger Vehicle: Copy of Registration/COE Card
    • 3. Latest Income Documents (Income Tax Notice of Assessment, IR8A Form, pay slip, etc) Photocopy of identity card/passport

    UOB Bank Car Loan DetailsUpdated on 28 Jun 2017

    UOB Bank Car Loan Details
    Interest Rate 3.250 p.a.*, EIR - 6.170- 7.040%*
    Margin of Finance up to 70% of the purchase price or the Bank's valuation
    Loan Tenure upto 7 years
    Guarantor Requirement Guarantor Required

    Features of UOB Car Loans

    • Incomparable and competitive interest rates.
    • Quick processing and loan approval.
    • Applicable on purchase of car with a large network of distributors.
    • The UOB financing scheme offers funds of up to 60% of the overall price of the car or as per Bank’s evaluation of the car.
    • 5 years maximum repayment period.
    • Fixed monthly instalment throughout the term of repayment.

    Eligibility

    • Applicant should be 21 years old or above.
    • The applicant has to be a citizen of Singapore, permanent resident of Singapore or foreigners.
    • If a non-resident individual wants to apply for a car loan with UOB, a local guarantor is mandatory.
    • The applicant has to present the Purchase Order from the dealer for purchase of new car.
    • Other documents required include Income proof and related documents such as computerized payslip, Income tax notice of assessment, CPF contribution from the last 6 months etc. as well as Identity proof in the form of photocopy passport or identity card.

    Interest rates for loan on New Car

    Interest rates vary with variation in the tenure of loan.

    • For a loan period of 1 year the effective rate per annum is 7.040%.
    • For a loan period of 2 years the effective rate per annum is 6.670%.
    • For a loan tenure of 3 years the effective rate per annum is 6.510%.
    • For a loan tenure of 4 years the effective rate per annum is 6.400%.
    • For a loan tenure of 5 years the effective rate per annum is 6.310%.

    UOB Car Loan Calculator

    UOB online portal offers the Car Loan calculator tool in order to evaluate the repayment of car loan, interest rates, tenure etc. and assist the user to arrive at a decision based on the outcome. The applicant can select the criteria - whether it is used or new car financing, purchase price in S$, from which the deposit amount is deducted, and the desired loan period. Once these inputs are given, click “calculate” and then the results such as loan amount applicant is eligible for, loan period, interest rate per annum, effective interest rate per annum, Equal Monthly Repayment, Final Repayment, etc. are displayed on the next page.

    Other Products Offered by UOB Bank

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