Expat Car Loan

Save Time and Money Through Our Expat Car Loan and Services

Expat Car Loan at a Glance

From*
1.68%
Interest Rate
Since 2000
100%
Approval Rate
As Fast As*
1-2 Days
Loan Approval
Up To*
7 Years
Loan Tenure
Up To*
70%
Financing

*Terms & Conditions apply.

Car loan interest rate offers at Speed Credit ranges from 1.68% – 6.68% and may vary based on vehicle type, loan type, loan amount, repayment period, past and present financial or credit status and other eligibility criteria. We cover various vehicle types such as normal cars, sports and exotic cars, commercial vehicles, Private Hire Vehicles (PHV), rental vehicles, COE cars, vans, lorries, trucks and buses — from light to heavy industry vehicles.

Smart & Hassle-Free Car Financing Solutions for Expats

Get an Expat Car Loan from Speed Credit. Enjoy free consultations and assistance when you buy a car in Singapore and a lower car interest rate for your car, faster approval and processing time, and better loan terms.

Personalised Car Loan & Services for Expats in Singapore

With more than 20 years of experience in the auto industry, we’ve already helped hundreds of expats on their car loan, and car buying, car selling, and even on their car rental/leasing needs.

Getting the right car loan, with the cheapest possible interest rate in Singapore, is the best way to smart car-buying. With the largest network of banks and financial institutions, we can offer expats the most competitive car loan package.

Our Expat Auto Team is dedicated to providing turn-key car loan services to make your journey in Singapore a smooth one. Reach out to us to find out more or simply fill out our enquiry form and we’ll contact you based on your preference.

Making Things Easier for Expats

Buying a car in Singapore as an expat can be very daunting. Too many processes involved, the need to understand COE (and its complexities), how to get the best car deal, where to get a loan, what’s the cheapest car interest rate, and so on… There are just too many things to research for, to consider, and to think about – especially when the price of the car you buy is 3-4x higher than the one back at home.

Why go through all the hassles and spend too much time on all the above, when you can just let Speed Credit do all these for you? We offer expert advice and personalised services on all your auto needs – from car buying, car selling, COE trends, car loan, car insurance to all the paperwork, LTA, and bank transactions involved.

Why Get an Expat Car 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)

Benefits of Our Expat Car Loan & Services

Reasonable Fee

Speed Credit will only charge a minimal and very reasonable fee throughout the process of getting your car. Moreover, we will help you decide on the car that you want to drive, giving you a range of choices that perfectly match your budget, wants, and needs.

Lowest Car Loan Rates

Speed Credit is the most recommended car financing company that offers the lowest car loan rates in Singapore. Aside from the regular car financing rates from banks, Speed Credit is capable of getting you a 1.68% car financing rate, subject to our bank partners’ approval.

Reliable Administrative Services

We are capable of offering expats the best car loan and insurance services in Singapore. All communications and tedious paperwork will be done by Speed Credit - like organising the transfer of ownership, loan, insurance, an inspection of vehicles, and all necessary documents.

Direct Car Buyer - Seller Loan Program

Speed Credit’s Direct Car Buyer - Seller Loan Program enables car buyers to get the best loan package that matches their financial needs. Monthly payments can be tailored to match your needs for terms between 12 months to 120 months.

We offer full administrative support for the transfer of car ownership.

New Car / Used Car Purchase

We bring you one step forward to your dream car. Whether you want a new car or a used car, Speed Credit will help you get your dream car at a price that fits your budget.

A related entity of Speed Credit, Cars & Stars, is one of the leading parallel importers of new cars in Singapore. It offers hand-picked and value-for-money new and used Continental and Japanese Cars and also sells high quality used cars.

Car Rental / Car Leasing

Our related entity, Ace Drive has a selection of cars available for mid to long-term rental/leasing. Whether you are leasing a compact car, an SUV, or a luxury sports car, our Ace Drive Rental team oversees all maintenance, insurance, and other aspects of car leasing and ownership, so you can simply drive off and enjoy your ride. Popular makes for rent/lease are Audi, BMW, Ferrari, Maserati, Mercedes-Benz, Mini, and Porsche.

Car Selling

When you have to leave Singapore, we will advise you on your options. We will work with you to get the best market price for your car.

Other Car Services and Equipment

Upon selecting your car, you may wish to consider additional features to meet your personal and family requirements. Equipment such as DVD players, good stereo systems, GPS navigational systems, roof racks, bike racks, tinted windows, and child car seats can be arranged and installed.

Procedure & Online Application for Expat Car Loan

Get a Expat Car Loan in 3 Easy Steps!

Step 1

Fill out our online application form or contact us at (+65) 6444 4400 or (+65) 9851 8281. Instructions and other requirements will be sent to you via email by our car finance expert. Please check your inbox or spam mail.

Step 2

Submit all the requirements and/or signed documents needed via email at loan@speedcredit.com.sg. You will also be advised on the next steps and/or other necessary instructions related to your application.

Step 3

You will be notified by our car finance expert via email and/or call regarding the status of your application.

Eligibility Criteria for Expat Car Loan

  • Applicants should be between 21 – 65 years of age
  • Singaporeans, Singapore PRs, Foreigners

Requirements for Expat Car Loan

Buyer

  1. Page 1 of Loan Application Form (1 Copy – Signed, Filled & Completed)
  2. Clear Copy of Passport
  3. Clear Copy of Employment Pass
  4. Income Documents (Any of the Following):
    • Latest 12 Months CPF Contribution Assessment
    • Last 2 Years Notice of Assessment (NOA)
    • Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed
  5. Sales & Purchase Agreement of Purchased Vehicle
  6. Copy of Enquire PARF / COE Rebate for Registered Vehicle

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 Financing)

Guarantor (Must be a Singaporean)

  1. Page 2 of Loan Application Form (1 Copy – Signed, Filled & Completed)
  2. Clear Copy of NRIC (Front & Back)
  3. Income Documents (Any of the Following):
    • Latest 12 Months CPF Contribution Assessment
    • Last 2 Years Notice of Assessment (NOA)
    • Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed

Buyer

  1. Page 1 of Loan Application Form (1 Copy With Company Chop – Signed, Filled & Completed)
  2. Clear Copy of ACRA Document (Within 3 Months)
  3. Latest 3 Months Bank Statement
  4. Sales & Purchase Agreement of Purchased Vehicle

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy of NRIC (Front & Back)
  3. Authorisation Form To Check Full Settlement (if Vehicle Is Still Under Financing)

Guarantor (Director of Company)

  1. Page 2 of Loan Application Form (1 Copy – Signed, Filled & Completed)
  2. Clear Copy of NRIC (Front & Back)
  3. Income Documents (Any of the Following):
    • Latest 12 Months CPF Contribution Assessment
    • Last 2 Years Notice of Assessment (NOA)
    • Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed

Expat Car Loan Interest Rate

Exclusive at
Speed Credit
From*
1.68%
Interest Rate
Other
Companies
From
2.88%
Interest Rate

*Terms & Conditions apply.

Car loan interest rate offers at Speed Credit ranges from 1.68% – 6.68% and may vary based on vehicle type, loan type, loan amount, repayment period, past and present financial or credit status and other eligibility criteria. We cover various vehicle types such as normal cars, sports and exotic cars, commercial vehicles, Private Hire Vehicles (PHV), rental vehicles, COE cars, vans, lorries, trucks and buses — from light to heavy industry vehicles.

Expat Car Loan Calculator (Monthly Repayment)

Use our Expat Car Loan Calculator to calculate or get an estimate of your monthly instalment repayments for your car.

$0
Monthly Repayment
Disclaimer: Interest rates are estimated and may differ based on credit evaluation and loan amount from banks and financial institutions. This Car Loan Calculator can only be used as a guide to help you to get a better sense of your potential monthly repayment commitments. It does not warrant the accuracy, adequacy or completeness of the figures presented. Speed Credit Pte Ltd explicitly disclaims liability for any possible errors or omissions.
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