DBS Car Loan
Loan Details
- Hassle-free application when you log in via digibank and / or Singpass. A few minutes is all you need to complete your application
- Maximum Financing Amount: Up to 70% of purchase price or bank's valuation if OMV ≤S$20,000; or Up to 60% if OMV >S$20,000, EVs: Capped at 60% Loan-to-Value (Whichever is lower: purchase price or bank’s valuation)
- Minimum Financing Amount: S$10,000
- Flexible Financing Period: Choose a repayment period from 1 to 7 years
- Early Settlement Fee: An early settlement fee of 20% of Interest Rebate based on Rule of 78 will apply throughout the finance period for both Hire Purchase Act and Non-Hire Purchase Act cases
- Early Settlement Terms: 1% of the original loan amount applies as an early prepayment fee with 30 working days’ written notice, or pay 1 month’s interest in lieu.
- Eligibility: Not applicable for company cars
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