1. Loan Application Form (2 signed forms, or at least 1 form completed and signed)2. Clear Copy Of NRIC (Front & Back)3. Income Documents (Any of the following)
i. Latest 6 Months CPF
ii. 2 Years Notice Of Assessment
iii. Latest 3 Months Computerized Pay slip
4. Sales & Purchase Agreement (Used Attached or Own Agreement)5. Vehicle Log Card / Acknowledgement6. Authorization Letter to Check Full Settlement (If Vehicle is still under Finance)
1. Loan Application Form (2 signed forms, or at least 1 form completed and signed)2. Clear Copy Of NRIC (Front & Back)3. Income Documents (Any of the following)
i. Latest 6 Months CPF
ii. 2 Years Notice Of Assessment
iii. Latest 3 Months Computerized Pay slip
Think One Credit, a subsidiary of Think One Group, is a trusted company that provides vehicle loans in Singapore which are tailored to the needs of every client. With 30 years of Financial Services experience, we have continuously established flexible loan schemes to support Singaporean citizens in achieving their dreams of owning a vehicle.
Our services include doing all the paperwork for our clients and enabling them to experience a hassle-free application process. We offer schemes in vehicle loans that include a workable loan tenure with low interest rates at any loan amount or purchase price that clients will avail. This is especially dedicated to those who desire to buy a new vehicle but do not have the financial means to do so.
The admin fee is only applicable on used vehicles. There is no admin fee for new vehicle loans.
5 years COE renewal – the max loan repayment term is 4 years.
10 years COE renewal – the max loan repayment term is 7 years.
Upon loan approval, the renewal process takes approximately 3 working days.
The vehicle owner is required to be the loan applicant, but you need not be the vehicle owner if you are the account holder for Giro payment.
Yes, but a Guarantor is required for your loan application.
The loan amount is dependent on the Open Market Valuation (OMV) of the vehicle.
The Monetary Authority of Singapore (MAS) has financing restrictions on motor vehicle loans granted by financial institutions. If the OMV exceeding $20,000 will be entitled to a maximum loan value of 60% of car price (minimum 40% down payment), and if the OMV is $20,000 and below will be 70% of car price (minimum 30% down payment).
We offer flexible loan packages for Commercial vehicles, up to 100% loan.
We also cater to those who tried to get a vehicle loan from the bank but were not granted any because of having a bad debt record. To us, all that matters is that you can commit yourself to constantly meet the monthly installment. So, if you’re looking for the right credit company that can refinance a vehicle loan in Singapore, then you are in the right place. We do not base our approvals on your credit rating. The amount of the loan is determined by a person’s need for it, so we will then determine what the monthly payment would be based upon that need.
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