In-House Car Loan

In-House Car Loan by Speed Credit

Our in-house car loan service aims to help those aspiring car buyers whose car loan applications are usually being rejected by local banks or financial institutions in Singapore.

We understand that a car plays a vital role in a person’s day to day living, which is why we have weaved together an in-house car loan service that can provide financial support to those who had past credit issues. We offer competitive car loan packages that are suitable for your budget and financial condition.

Let us help you with your auto loan needs. Getting a car loan through Speed Credit is easier and faster compared to traditional banking channels in Singapore.

Contact us at +65 6444 4400 for any inquiries regarding our in-house car loan service. Alternatively, you can call Lynn Chai at +65 9851 8281 for a personalised service.

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Eligibility Criteria For In-House Car Loan

  • Applicant should be at least 21 years old and above.
  • Maximum loan amount is 70-80% based on valuation.
  • Minimum income of the applicant should be S$30,000 or 4x higher than its monthly loan instalment.

Procedures For In-House Loan

Option 1:

For faster processing, please click here to fill out our email. Once submitted, our car finance specialist will contact you regarding your inquiry or application.

Option 2:

  1. Please call us at +65 6444 4400 or +65 9851 8281.
  2. Instructions and other requirements for our in-house car loan will be sent to you via email by our car finance specialist. Please check your inbox or spam mail.
  3. Submit all the requirements and/or signed documents needed to our fax at +65 6444 4455 or email at [email protected]
  4. Once all the requirements and/or signed documents were submitted, we will proceed with the submission of your in-house car loan application.
  5. You will be notified by our car finance specialist via call or SMS regarding the status of your applications. Other necessary instructions will also be given.

Requirements For In-house Loan

Buyer

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following)
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip
  4. Sales & Purchase Agreement (Used Attached or Own Agreement)

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Guarantor

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Buyer

  1. Loan Application Form (Preferred 2 chop & Signed , At least 1 is filled , chop & signed )
  2. Clear Copy Of Acra (Printed Within 3 Months )
  3. Latest 3 Months Bank Statement
  4. Sales & Purchase Agreement (Used Attached or Own Agreement)

Guarantor (Director of Company)

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Buyer

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of Passport
  3. Income Documents (Any of the following)
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip
  4. Clear Copy Of Employment Pass (Front & Back)
  5. Full Set Employment Agreement
  6. Sales & Purchase Agreement (Used Attached or Own Agreement)

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Guarantor (Must be a Singaporean)

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

In-house Car Loan Rates For Used Cars

  • Loan rates start from 3.88%.