Get Instant Approval for Your COE Renewal Loan in Less Than a Minute

5 Years Renewal 10 Years Renewal
PQP Month
PQP Amount
Loan Amount *
Loan Period (Months) *
Monthly Instalment

We are sorry, you cannot proceed with this COE Renewal Loan Application.

For vehicles from Categories A & B:

You can only renew your COE for 5 years only once. When the 5–year renewal period is over, you cannot renew again and will have to deregister the vehicle.

For more information, please visit https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/coe-renewal.html.

If you need help with the deregistration or disposal of your vehicle, please send us a message at https://www.speedcredit.com.sg/contact-us/.

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We are sorry, you cannot proceed with this COE Renewal Loan Application.

For vehicles from Category C:

5 Years Renewal
Please take note that when you renew your vehicle's COE for 5 years, you can still continue to renew it after the first 5-year renewal period is over. However, the subsequent renewals can only be for 5–year periods. Once your vehicle reaches the end of its statutory lifespan of 20 years, you can no longer renew its COE, and the vehicle will be deregistered.

10 Years Renewal
Please take note that when you renew your vehicle's COE for 10 years, you can no longer renew its COE, and the vehicle will be deregistered.

For more information, please visit https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/coe-renewal.html.

If you need help with the deregistration or disposal of your vehicle, please send us a message at https://www.speedcredit.com.sg/contact-us/.

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We have noted that the loan amount that you require is more than the PQP amount.

Please take note that the additional loan amount (in excess of the PQP amount) will require further evaluation/assessment and approval on Speed Credit's end.

If you wish to proceed to apply, Speed Credit will temporarily provide you with an In-Principle Approval (IPA) for the PQP amount. Should you be deemed eligible to loan more than the PQP amount, we will proceed to approve your loan amount request and process your application accordingly.

Yes, I agree and would like to proceed No, I would like to make an enquiry first

We have noted that your vehicle's age is or above 20 years.

Our In-principle Approval (IPA) for COE Renewal Loan is only applicable for vehicles less than 20 years old. If you wish to proceed, your application will have to be reviewed and evaluated further.

Should you be deemed eligible to loan, we will proceed to approve your loan amount request and process your application accordingly.

Yes, I agree and would like to proceed No, I would like to make an enquiry first
From 1.80%

Cheapest Interest Rate

100%

Financing & Loan Approval

Up to 7 Years

Loan Tenure

Congratulations!

Your COE Renewal Loan has been approved.

We’ve sent you additional information through the email address that you have provided. Please check your spam folder if you are not able to find the email in your inbox.

You will be receiving a call from one of our finance experts within 1-2 business days. Thank you and we look forward to speaking with you soon!

For any enquiries, please call us at (+65) 6444 4400 or (+65) 9851 8281 or email us at [email protected].

Why Get a COE Renewal Loan From Speed Credit?

Company Competence​

$1.2 Billion Car Loans Underwritten
50+ Years of Combined Industry Experience
Largest Network of Banks & Financial Institutions
Most-Reviewed Financing Company (400+ 5-Star Reviews)

Competitive Distinction

Lowest & Exclusive Car Loan Interest Rates
No Middlemen & No Mark-ups on Interest Rates
Highest Loan Approval Rate in Singapore
Fast, Transparent & Hassle-Free Service

Free Assistance & Services

Free Handling of LTA & Bank Transactions
Free Financing Advice & Paperwork Assistance
Free Full Settlement & Car Ownership Transfer Assistance
100% No Hidden/Additional Charges

Awards & Accreditations

SVTA Accredited
Spirit of Enterprise (SOE) Awardee
Member of the Hire Purchase Association, Finance & Leasing Association of Singapore (HPFLAS)
Member of the Automobile Importer & Exporter Association Singapore (AIEA)

FAQs for COE Renewal Loan

There’s no need for you to go down to LTA as the COE will be renewed by us. We will also assist to process all the necessary LTA documents or paperwork for you.

At the moment, our COE Renewal Loan interest rate starts from 1.80% – this interest rate may vary from time to time. To check our current interest rate offer(s) please fill out our enquiry form and our car finance and COE expert will then contact and advise you on this.

As for the repayment period, it depends if you are opting for a 5-year (4 years repayment) or a 10-year COE renewal (7 years repayment).

There is a one-time admin fee and it varies from the range of loan packages we offer.

There is no difference in PQP between OPC/ROPC and Normal car.

We provide 100% financing based on the PQP amount. However, on a case by case basis, we do offer more than 100% PQP at a higher interest rate of 3.18% for passenger vehicles.
The monthly instalment would depend on the PQP, interest rate, and loan tenure. Based on these factors, we’ll assess, work out a quotation for you and send it to you through email. If you only want to get an indicative monthly instalment figure, please feel free to use our Monthly Repayment Calculator.
Signed & filled loan application form, clear copy of NRIC (front & back), income documents (any of the following) – 2-year notice of assessment (NOA), latest 12 months CPF contribution assessment, 6 months computerised payslip or latest 3 months bank statement if self-employed, and vehicle log card.
To apply, please submit an online application or an enquiry. One of our car financing and COE experts will then contact you, guide you and do all the necessary paperwork and loan processing for you.

Loan submission ➜ loan approval ➜ signing of agreement ➜ COE renewal.

Processing time depends on several factors. However, at Speed Credit, it usually takes 1-2 working days.
For COE Renewal, we offer instant in-principle approval which only takes 3 minutes. For non-instant approval, it takes 1-3 days.
For monthly instalment payments, we accept bank transfer, PayNow, GIRO, cash or cheque deposit.
Yes, you can. However, the applicant must still be the car owner and all documents should be approved and signed by him/her.
The best time is 4-6 weeks before your car’s COE expiry date.
Yes, for a 5-year COE renewal, your car must be deregistered at the end of the 5-year period. As for a10-year COE renewal, your car is eligible for a second COE renewal.
Either is fine. However, we prefer loan applications to be submitted via our website or through our corporate email ([email protected]).
No, you can renew your car insurance on your own but if it is renewed through us, we can match or lower whatever insurance quotation you received as we are partnered with several major insurance companies in Singapore.

Yes, but please take note that if you renew your COE early, LTA will forfeit the remaining PARF & COE rebate of your vehicle. Below is an example for your reference:

Situation:
The COE expiring is on 15 April 2021 and you wish to renew your COE early in January 2021.

Renewal Process:
The COE will be renewed using January’s PQP, and the COE expiry will then change from 15 April 2031 to 31 January 2031.

Please submit your application as early as possible as the COE has to be renewed before the end of January.

COE bidding is only required for new cars. For COE Renewal, we only need to pay the Prevailing Quota Premium (PQP) for your vehicle category to renew your COE Certificate. Speed Credit will also do the COE Renewal for you.
PARF rebate is only eligible if you deregister your vehicle within the first 10 years. Any PARF rebate will be forfeited by LTA should you renew your vehicle’s COE. PARF rebate will be forfeited if you opted for COE renewal with the intention of extending your vehicle’s lifespan beyond 10 years. However, you’ll get the PARF rebates if you deregister your vehicle within the first 10 years.
Yes, we can still renew the COE if it is still within 1 month of its expiry date. However, please take note that you will have to pay a late renewal fee. For more info, please refer to https://onemotoring.lta.gov.sg/content/onemotoring/home/owning/coe-renewal.html#Late_Renewal.