Motorcycle COE Renewal Loan

Get a special interest rate, starting from 5.98%, when you renew your motorcycle's COE with us!
1-2 Days
Loan Approval
Approval Rate
Up to
7 Years
Loan Tenure
Interest Rate

Why Get a COE Renewal Loan From Speed Credit?

Due to increased taxes and skyrocketing COE premiums for motorcycles, motorcyclists in Singapore have not had an easy time of things recently. For some, especially those who use their motorcycles for dispatch and deliveries, the high taxes and charges make purchasing a brand new motorcycle impossible, which leaves them no choice but to renew the COE of their existing bike.

Since 2000, Speed Credit has been offering the lowest possible interest rate for COE Renewal Loan for private cars and commercial vehicles in Singapore. We understand the importance of transportation during these hard times, most especially for riders, thus, we have extended our COE Renewal Loan Service for motorcycles too.

On top of our low interest rate for our Motorcycle COE Renewal Loan, we’ve also made sure that all our processes are seamless and hassle-free so you can save time and money.

Enjoy the convenience of not having to queue at LTA, or jump through hoops in OneMotoring. Allow us to answer all your COE loan-related questions for your motorcycle, and let us do all the work for you.

Company Competence​

$1.7 Billion in Car Loan Transactions
50+ Years of Combined Industry Experience
Largest Network of Banks & Financial Institutions
Most-Reviewed Financing Company (650+ 5-Star Reviews)

Competitive Distinction

Lowest & Exclusive Car Loan Interest Rates
Direct, No Middleman & Mark-up Free Interest Rates
Highest Loan Approval Rate in Singapore
Fast, Transparent & Hassle-Free Serviced

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

Motorcycle COE Renewal Loan Options

5 Years COE Renewal (Category D)

4 Years Repayment Period

10 Years COE Renewal (Category D)

7 Years Repayment Period

Should I renew my Motorcycle's COE for 5 or 10 years?

Motorcycle owners interested in renewing COE can opt for a 5 or 10-year renewal. Considering the motorcycle’s current performance and condition, as well as its overall value, the owner needs to decide how long he/she intends to drive it.

For those who aren’t ready to commit to another full 10-year COE cycle, a 5-year COE renewal is recommended. With a 5-year COE renewal, you will only have to pay half of the PQP.

The downside of a 5-year COE renewal is that you can only do this once. At the end of the 5-year renewal period, you won’t be able to renew your motorcycle’s COE again and will have to deregister it.

Procedure & Online Application for Motorcycle COE Renewal Loan

Get a Motorcycle COE Renewal Loan in 3 Easy Steps!

Step 1

Fill out our 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 finance expert. Please check your inbox or spam mail.

Step 2

Submit all the requirements and/or signed documents needed via email at 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 Motorcycle COE Renewal Loan

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

Requirements for Motorcycle COE Renewal Loan

  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. Vehicle Log Card
  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. Vehicle Log Card
  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. Vehicle Log Card

Motorcycle COE Renewal Loan Interest Rate

Exclusive at
Speed Credit
April Promotional Interest Rate

Motorcycle COE Renewal Loan Calculator (Monthly Repayment)

Use our COE Renewal Loan Calculator to calculate or get an estimate of your monthly instalment repayments for your motorcycle.

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.

Motorcycle COE Renewal Loan FAQ

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.

Get a special interest rate of 5.98% when you renew your motorcycle’s COE this April!

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).

Yes, there is a one-time admin fee for Motorcycle COE Renewal Loan.

We provide 100% financing based on the PQP amount.

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 motorcycle owner and all documents should be approved and signed by him/her.

The best time is 4-6 weeks before your motorcycle’s COE expiry date.

Yes, for a 5-year COE renewal, your motorcycle must be deregistered at the end of the 5-year period. As for a10-year COE renewal, your motorcycle 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 (

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

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 motorcycles. 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.

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
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