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Transparent Car Financing in Singapore

Know your monthly before you sign anything.

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01 Calculator

Car Loan Calculator​​

Estimate your monthly payments in real time. Adjust the vehicle price, down payment, interest rate, and loan tenure to find a monthly budget that suits you.

Car Loan Calculator — GW Automotive Group
Vehicle Price (SGD)
$
Down Payment 10% · $25,000
10%
20%
30%
40%
$
Interest Rate (p.a.)
2.48%
2.88%
3.18%
3.88%
Loan Tenure
1 yr
2 yrs
3 yrs
4 yrs
5 yrs
6 yrs
7 yrs
2.48% p.a.
Monthly
$0
per month for 60 months
Loan amount$0
Total interest$0
Total payable$0
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Estimates only, based on a flat interest rate. Actual approved rate and instalment depend on your credit profile.
02 Requirement

Required Documents

Prepare these simple documents to fast-track your loan pre-approval. Submitting complete documents ensures faster processing with our partner banks and in-house lenders.

Singapore Citizen​

✓ Loan Application Form

✓ Valid Singapore NRIC

✓ Proof of Income

Foreigner/PR​

✓ Loan Application Form

✓ Valid Passport

✓ Employment Pass (More than 6 months validity)

✓ Employment Agreement

Corporate

✓ Loan Application Form

✓ Valid Singapore NRIC

✓ ACRA Document (within 3 months)

✓ Corporate Bank Statement (3 months)

✓ Sales & Purchase Agreement

03 Our Specialist

Speak to us

We offer financial support, flexible loans, and car refinancing in Singapore for both new and preowned vehicles, making your car ownership journey as hassle-free as possible.

Apply for Financing

Send us the numbers above and we’ll come back with a firm rate.

Start Application →

WhatsApp Us

Got a specific car in mind? Send the listing and we’ll work it out together.

Message us →

Call the Hotline

Prefer to talk it through? Our financing team is on the line.

Call now →

04 FAQ

FAQs on Financing a Car in Singapore​

Find quick answers to the most common queries about our services and offerings.

What is the maximum loan amount and tenure for a car in Singapore?

Under MAS guidelines, cars with an Open Market Value (OMV) of $20,000 or less qualify for up to 70% loan of the purchase price. Cars with an OMV above $20,000 qualify for up to 60% loan. The maximum allowable loan tenure is 7 years (84 months).

What is the difference between Bank Loans and In-House Loans?

Bank loans generally offer lower interest rates but have stricter approval criteria. In-House loans offer greater flexibility, faster approvals, and customized financing structures for buyers who may not meet traditional bank credit metrics.

How long does the valuation and sale process take?

You will receive an initial indicative valuation quote within 1 working day of submitting your details. The final car inspection and ownership transfer (LTA e-transfer) can typically be completed within 48 hours once an agreeable price is reached.

Am I obliged to sell my car to GW Automotive after getting the quote?

Not at all! The quotation provided is free and non-obligatory. It simply gives you the current market value of your car. We are confident in our competitive offers and transparent process, but the final decision is entirely yours.