FAQs

Carfinance.com.sg is a company that’s determined to make life a lot easier for you. We’ve worked tirelessly to ensure that our financing process is as easy and transparent as possible. Below, we’ve answered some of the most commonly asked questions about financing to help you go through the process as easily as possible.

Am I Eligible For Financing?

Anyone who’s working and living in Singapore with a minimum monthly income of S$2,000 is eligible for financing. Each case is carefully considered depending on your credit history and current economic standing.

What Type of Cars Can I Purchase Through Financing?

We offer financing for brand new, existing, and second hand vehicles.

How Long Before If Find Out Whether My Loan Is Approved Or Not?

Our loan specialists will provide you with feedback on your application within one business day.

How Long Will It Take For Me To Receive The Money?

Once approved, your loan will be processed and the amount will be released within seven business days if not sooner.

What Documents Do I Have To Prepare?

You need to submit an accomplished copy of the application form and provide us a copy of ID cards as well as a document that proves your financial capacity to repay the loan.

What is the Maximum Loan Amount?

The maximum loan amount for a brand new or second hand vehicle is 70% of the total vehicle cost while we can offer 100% financing for COE renewal loans.

 

SEND US AN ENQUIRY

Want to check your eligibility for COE Renewal Loan? Fill up this form and let our experts advise you on all the necessary requirements.

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01-11/12/13 One Commonwealth Building, 1 Commonwealth Lane 149544

CONTACT US

+65 6255 7679 +65 9392 3560

EMAIL US

info@carfinance.com.sg