Maybank Singapore Limited Car Loan
Loan Details
- Flexible Financing Period: 1 to 7 years (Vehicle age + loan term must not exceed 10 years)
- Eligibility: Not Applicable for Used Imported and Rental Cars
- 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)
- Minimum Financing Amount: S$15,000 and tenure of 12 months (S$300 admin fee applies for loans below S$15,000 or less than 12 months)
- Attractive Rates: Used Commercial Vehicles (PARF only): 3.68%; PHV (New & Used Passenger Vehicles): 3.75%
- Early Settlement Fee: 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 original loan amount early prepayment fee (1 mth notice)
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