In-House Car Loan

Let Us Get You An Approved Car Loan

In-House 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*
10 Years
Loan Tenure
Up To*
90%
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.

Take the Stress Out - Get Approved Through Our In-House Car Loan

Get an approved car loan from Speed Credit. Enjoy a lower in-house car interest rate, faster approval and processing time, and better loan terms.

Hassle-Free In-House Car Financing for New, Used, PHV & Commercial Vehicles

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

We understand that a car plays a vital role in a person’s day to day living, whether for personal, work, PHV or commercial use, 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 or who are having a hard time in getting their loan approved. We offer competitive car loan packages that are suitable for your budget and financial condition.

Let us help you with your in-house auto loan needs. Getting a car loan through Speed Credit is easier, hassle-free and faster, compared to traditional banking channels in Singapore. Our approval rate is also one of the highest in Singapore – so rest assured that we’ve got your back on this!

Say Goodbye To Car Loan Rejections and Approval Delays

At Speed Credit, we provide our customers with the most competitive interest rates to help not only get their own car in Singapore but also get the best possible value and savings from their car purchase. Whether you’re looking at buying a new car or a used car for personal use or a commercial vehicle for business use, with our extra fast processing time and high approval rate, you’ll be on your way to driving your dream car, much earlier than you’ve expected.

Also, you no longer need to worry about having a face-to-face conversation or perhaps a long phone conversation to appeal for a rejected loan application in your chosen bank. Here at Speed Credit, we give people more chances and evaluate their capabilities to pay off a loan beyond their previous credit history. We also treat our customers equally and provide them with the fastest possible service – no slow turnaround and most importantly, we’ll never leave a customer waiting and hanging.

Reach out to us or fill out our in-house loan application form to find out more. we’ll be happy to share more details with you and help you get an approved loan!

Why Get an In-House Car Loan from Speed Credit?

Company Competence​

$1.2 Billion Car Loans Underwritten
20+ Years of Car Financing 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 Application Fee & No Hidden Charges

Procedure & Online Application for In-House Car Loan

Get an In-House 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 In-House Car Loan

  • Applicants should be between 21 – 65 years of age
  • Singaporeans, Singapore PRs, Foreigners
  • Maximum loan amount is 90% based on valuation

Requirements for In-House Car Loan

Buyer

  1. Page 1 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
  4. Sales & Purchase Agreement of Purchased Vehicle
  5. 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

  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 – 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

In-House Car Loan Interest Rate

Exclusive at
Speed Credit
From*
1.68%
Interest Rate
Other
Companies
From
5.88%
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.

In-House Car Loan Calculator (Monthly Repayment)

Use our In-House 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.

FAQs for In-House Car Loan

In-house car financing is more flexible and the processing and approval is much faster even when you have had past credit issues, you may still be eligible for financing a vehicle. In addition, an in-house loan will not affect your TDSR.
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