Best Car Loans in Singapore 2024

Best Car Loans in Singapore

In the dynamic landscape of Singapore’s bustling streets, the dream of owning a car is not merely a convenience but a symbol of personal freedom and mobility. As we step into 2024, the pursuit of this dream is more attainable than ever, thanks to the array of competitive car loans offered by reputable financial institutions. This article takes you on a journey through some of the best car loans in Singapore, providing a glimpse into the options that could make your dream car a reality.

Best Car Loans in Singapore

Best Car Loans
Customers Satisfaction Ratings
Total Score
Speed Credit
UOB COE Car Loan
Hong Leong Finance
OCBC Bank New Car Loan

Speed Credit: Driving Your Dreams Forward

Speed Credit in SingaporeSpeed Credit stands tall with its extensive network of banks, financial institutions, and insurance partners, creating a robust platform for tailored car financing and insurance solutions. Boasting over 50 years of combined industry experience, Speed Credit has underwritten over 1.7 billion car loans, catering to more than fifty-five thousand car owners in Singapore.

Commitment to offering the lowest car interest rates is at the heart of Speed Credit’s ethos. With the flexibility of comprehensive financing packages, they ensure that every customer extracts maximum value from their car and loan. A testament to their dedication, Speed Credit’s legacy is woven into the very fabric of Singapore’s automotive dreams.

Address: 50 Ubi Avenue 3 Frontier, #01-01/02 Singapore 408866

Contact: (+65) 9851 8281

Working Hours: Mon-Fri (excluding public holidays): 9 am-6 pm

UOB COE Car Loan: Prolonging the Roadworthiness

UOB COE Car Loan in SingaporeUOB COE Car Loan caters to car owners reluctant to part with their trusted vehicles. Offering a ten-year loan with a maximum of 70% of the purchase price or bank valuation, UOB ensures that your workhorse stays on the road. The fixed rate of 2.88% p.a. across various maturities provides stability in an ever-evolving financial landscape.

Address: Multiple branches, check their website for details

Contact: 1800-388-2121

Working Hours: 

  • Mon-Fri: 9:30 AM–4:30 PM
  • Sat: 9:30 AM–12:30 PM

Hong Leong Finance: Crafting Trust Since 1963

Hong Leong Finance in SingaporeWith a legacy dating back to 1963, Hong Leong Finance is a trusted name offering attractive interest rates on car loans. Their specialist loan product for new cars, featuring a 2.78% interest rate, sets them apart. New car buyers can secure up to 70% financing with a flexible loan tenure ranging from 1 to 7 years.

Address: Multiple branches, details on their website

Contact: Varies by branch

Working Hours: 

  • Mon-Fri: 9 am-4.30 pm
  • Sat: 9 am-12 noon

OCBC Bank New Car Loan: Driving Excellence

OCBC Bank New Car Loan in SingaporeOCBC consistently earns accolades for its state-of-the-art car loans and user-friendly online lending platform. Offering a competitive 2.78% interest rate on petrol or diesel car loans with durations from 1 to 7 years, OCBC ensures affordable monthly installments. The added convenience of early confirmation of the maximum loan amount adds to the appeal.

Address: 65 Chulia Street 01-00 OCBC Centre Singapore 049513

Contact: +65 6363 3333

Working Hours: 24-hours hotline

Accredit: Two Decades of Financial Empowerment

Accredit in SingaporeAccredit, with a rich history spanning two decades, has played a pivotal role in financing over 200,000 clients in Singapore. Beyond car loans, they offer various financing options, each tailored to diverse needs. With a user-friendly online application process, Accredit ensures accessibility and ease for clients, exemplifying financial empowerment.

Address: Multiple branches, details on their website

Contact: Varies by branch

Working Hours: 

  • Mon-Fri: 10 am-8 pm
  • Sat-Sun: 10 am-5 pm

Lendela: Your Financial Companion

Lendela in SingaporeIn the maze of loan applications, Lendela emerges as a beacon of simplicity and transparency. This Fintech platform expedites the loan process, ensuring quick acceptance and processing. With a commitment to keeping clients informed of the best loan offers, Lendela stands as a trustworthy companion in the financial journey, guiding you toward the right loan for your needs and budget.

Address: 10 Anson Rd, #05-01 Singapore 079903

Contact: +65 6964 0636

Working Hours: 

  • Mon-Fri: 9 am-7.30 pm
  • Sat: 10 am-3 pm

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