Hong Leong Finance Car Loan
Loan Details
- Flexible Financing Period: 1 to 7 years (Vehicle age + loan term must not exceed 10 years)
- Minimum Loan Amount: S$10,000 (S$200 loading fee applies for loans below S$10,000 or tenure under 1 year)
- Attractive Interest Rates: New Commercial Vehicle: from 3.68% (min loan S$20,000); Used Commercial Vehicle: from 3.68% (min loan S$20,000); COE Commercial Vehicle: from 3.68% (min loan S$10,000) 2.78% for COE vehicles.
- Maximum Financing Amount: Up to 70% if OMV ≤ S$20,000; Up to 60% if OMV > S$20,000 (Based on the lower of purchase price or bank’s valuation)
- Early Settlement Fee: 20% of interest rebate based on Rule of 78 (applies to both HPA and non-HPA cases)
- Early Settlement Penalty: 1.5% of outstanding amount if settled within 18 months
- Early Settlement Notice: 30 working days’ written notice, or payment of 1 month’s interest in lieu
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