ocbc car loans interest rate
car classification | Period | 1 year | 2 years | 3 years | 4 years | 5 years | 6 years | 7 years |
|---|---|---|---|---|---|---|---|---|
| Electric Car | Rate | 2.48% per annum | 2.48% per annum | 2.48% per annum | 2.48% per annum | 2.48% per annum | 2.48% per annum | 2.48% per annum |
| Electric Car | EIR % | 4.55% per annum | 4.69% per annum | 4.72% per annum | 4.71% per annum | 4.70% per annum | 4.68% per annum | 4.65% per annum |
| Petrol/Diesel Car | Rate | 2.78% per annum | 2.78% per annum | 2.78% per annum | 2.78% per annum | 2.78% per annum | 2.78% per annum | 2.78% per annum |
| Petrol/Diesel Car | EIR % | 5.09% per annum | 5.25% per annum | 5.27% per annum | 5.27% per annum | 5.24% per annum | 5.22% per annum | 5.19% per annum |
| COE Car | Rate | 2.98% per annum | 2.98% per annum | 2.98% per annum | 2.98% per annum | 2.98% per annum | 2.98% per annum | 2.98% per annum |
| COE Car | EIR % | 5.46% per annum | 5.62% per annum | 5.64% per annum | 5.63% per annum | 5.61% per annum | 5.57% per annum | 5.54% per annum |
Loan condition information
Minimum age:21 years old
Nationality:Singaporeans, Singapore PRs and foreigners
Account opening fee information
Late fee:S$80
Full settlement penalty:1% on outstanding loan amount
Interest rebate clawback:20% on interest rate rebate (rule 78 computation)
Borrow up to 7 years and 70% of the total car price at an interest rate of 2.48% per annum (EIR 4.65% based on a loan tenure of 7 years).
OCBC Car Loan does not currently finance private hire vehicle or commercial vehicle.
Effective Interest Rate (EIR) is the true cost of the loan and the rate that includes all fees and charges.
Disclaimer: The data of this website is for reference only. For details, please click the link to the official website to view the data.
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