Commercial Vehicles We Finance
Mini Bus
Vans
Goods-cum-Passenger Vehicle/Pick-up Truck
Light Goods Vehicle (MLW ≤ 3,500kg) (e.g Freezer Trucks, Lorries etc)
Heavy Goods Vehicle (3,500kg < MLW ≤ 16,000kg)
Very Heavy Goods Vehicle MLW > 16,000kg (e.g Prime Mover with Trailer, Tanker trucks, Cement Mixer Trucks etc)
Features of Our Commercial Vehicle Loan
Brand New Commercial Vehicle
- Interest rate from 3.28% p.a flat*
- Up to 90% Financing**
- Up to 7 years/84 months Loan Tenor**
Used Commercial Vehicle
- Interest rate from 3.68% p.a flat*
- Up to 90% Financing**
- Up to 7 years/84 months Loan Tenor**
Commercial Vehicle COE Renewal (Vehicle Over 10 years)
- Interest from 4.25% p.a flat*
- Up to 100% Financing**
- Up to 7 years/84 months Loan Tenor**
* Terms & Conditions apply
** Subject to Credit Approval
Eligibility for Our Commercial Vehicle Loan
Singapore-incorporated Company (Sole Proprietor, Limited Liability Partnerships (LLPs), Partnership, or Private Limited Company)
Personal guarantees of the Director/Shareholder for Private Limited companies, Business Owner of Sole Proprietorship companies, and all Partners for Limited Liability Partnerships (LLPs)/ Partnerships companies.
Applicant’s age between 21 – 65 years
Documents Required
- Loan Application Form (1 Copy with Company Chop – Filled & Signed)
- Latest 3 Months Company Bank Statement
- Sales & Purchase Agreement of the Vehicle
- Vehicle Log Card / Acknowledgement
- Latest 12 Months CPF Contribution Assessment
- Last 2 Years Notice of Assessment (NOA)
- Clear Copy of Guarantor’s NRIC (Front & Back)
- Any other documents upon assessment and request
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