Used Car Loan

Used Car Loan by Speed Credit

Speed Credit’s used car loan service in Singapore will definitely help you get the cheapest loan rate possible. As we are partnered with the most established banks and financial institutions in Singapore, we can easily get you the most competitive car loan package within 1-2 working days.

It is our job to make it possible for you to enjoy cheap monthly payments with the lowest interest rate. Our used car loan service is not only fast and convenient but can also can save you more time and money.

As a trusted company in Singapore, we make sure that we only offer the best car loan deal to our customers, thus, you are assured that what you are getting is suitable to your needs and financial conditions.

Contact us at +65 6444 4400 for any inquiries. Alternatively, you can call Lynn Chai at +65 9851 8281 for a personalised service.

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Why Choose Speed Credit For Your Used Car Loan Application

  • Speed Credit is partnered with 13 of the most reputable banks and financial institutions in Singapore.
  • We have been in the auto loan industry for more than 12 years.
  • We can help you get the cheapest possible loan rate for your used car.
  • We do not charge admin fee for used car loan applications.
  • We will handle all your LTA & bank transactions for you.
  • We will complete all legal paperworks for you.
  • We will do the car seller’s full settlement including the car’s transfer of ownership.

Used Car Loan Procedures

Option 1:

For faster processing, please click here to fill up our online car loan application form. Once submitted, our car finance specialist will contact you regarding your application.

Option 2:

  1. Please call us at +65 6444 4400 or +65 9851 8281.
  2. Instructions and other requirements 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 used 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.

Car Loan Rates For Used Cars

Requirements For Used Car Loans

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

FAQs For Used Car Loans

What are your eligibility criteria for used car loans?
How soon will I know if my application is approved?
How do I follow up my car loan application?
Will you do the transfer of car ownership for me?
Is there any application fee?