FAQs

Why choose Speed Credit for your car financing needs?
The check list is long especially when buying pre-owned cars. This is why many car buyers turn to our professional car financing services to verify the rightful car ownership and to ascertain the outstanding balance own by the car seller to the bank. Car sellers also benefit from this program as the car resale process is more convenient and time-efficient. We will stand as a third party to assured the car seller that the car buyer’s loan have been approved thus giving the car seller the confidence that the car buyer is genuine and have the capacity to buy his car.
Who will find the Car Loan Matching Program useful?
Both car buyers and sellers will find this car loan matching program useful.
What does our Car Loan Matching Service comprise of?
1) Car loan application and processing

2) Verify true information and rightful ownership of car seller

3) Full administrative support for transfer of car ownership (including LTA transfer)

4) Act as a neutral third party witness to all transactions and car sale agreements

5) Act as a neutral party for monetary transaction

What documents are required to process the car loan application?
1) Buyer’s income proof (NOA – notice of assessment, and/or 3 months pay slips)

2) Buyer’s I/C and driving license front and back.

3) Sales and Purchase car agreement

4) Seller’s I/C

5) Vehicle details (Log book, or Log card, or Assets Acknowledgement)

Do you provide refinancing of car loan?
Yes, we help car owner who find that their current car interest rate is very high and wish to refinance their car to a lower car interest rate.
What are the benefits of refinancing our vehicle and are there any costs involve?
The major benefit of refinancing your car loan is to be able to enjoy savings from thousands dollars to ten over thousands of dollars per year, depending on the car loan amount. The other benefit is to be able to “encash” some money, but subject to car loan approval. Yes, there is legal fee involve.
Do you provide COE renewal car loan?
Yes, we specialise in COE renewal Car Loan.
What documents are required to process the COE renewal car loan application?
1) Buyer’s income proof (NOA – notice of assessment, and/or 3 months pay slips)

2) Buyer’s I/C and driving license front and back

3) Sales and Purchase car agreement

4) Seller’s I/C

5) Vehicle details (Log book, or Log card, or Assets Acknowledgement)

6) Others: You need to decide on how many years you wish to renew your car’s COE, 5 years or 10 years

What is the difference between bank car financing and in-house car loan?
In-house car financing are more flexible and process faster, even you may have some past credit issue, you may still be eligible for financing your dream vehicle.