Who can apply for the UOB Car Loan?
The UOB car loan is available to Singapore citizens and permanent residents who are at least 21 years old. Non-residents can also apply, provided they provide a local guarantor, providing greater access and flexibility for those looking to purchase a vehicle in Singapore.
To ensure a smooth and hassle-free experience, UOB allows applications to be made directly through MyInfo, a Singapore government service. This simplifies the submission of documents and makes the process faster and safer for the applicant.
Requirements to purchase the UOB Car Loan
✔ You must be a Singapore Citizen or Singapore Permanent Resident and at least 21 years old
✔ A local guarantor is required if a non-resident individual wishes to apply for a loan
✔ Apply online using MyInfo through your Car Dealer or get in touch with us to skip the need to provide income documents. Your confidential information will be sent directly to UOB
Documents required if you fill the form yourself:
✔ A copy of your Identity Card / Passport and Work Permit (applicable to foreigners only)
✔ Income Documents (Latest Income Tax Notice of Assessment, last 6 months’ CPF contribution statement, Computerised Payslip)
✔ Vehicle Sales Agreement (if applicable)
A tip for you!
Before opting for financing, evaluate market conditions and run simulations to understand how financing will affect your budget. UOB Vehicle Loans offer a simulation tool that allows you to view different terms and rates, facilitating financial planning with peace of mind.
With a secure, digital approval process, you can purchase your car in advance without any difficulties. In addition, the attractive rates and payment terms of up to 7 years are ideal for those looking for flexible options that adapt to their monthly income.
Finally, planning your finances to purchase a vehicle is an important decision. Counting on the support of UOB, which offers transparency and support throughout the process, can be the difference you are looking for to make this dream come true safely and conveniently.
What are the rates of UOB Car Loan?
The UOB Vehicle Loan offers a fixed interest rate of 2.78% per year, applicable to financing of up to 7 years. The effective rate starts at 5.09% per year for 1 year, and varies progressively according to the term chosen, reaching 5.19% in 7 years.
How to apply for a UOB Car Loan?
The application can be made online or via UOB’s mobile phone. You leave your contact details and a UOB agent will contact you at your convenience.
Click the button below to go to the UOB car loan page and secure special conditions to finance your vehicle.