Why Choose Think One Credit?

  • Trusted company with more than 27 years of experience in providing new and used car loan in Singapore
  • Flexible loan scheme with a purchase price that is tailored to your needs 
  • We do all the paperwork and give you a hassle free application process
  • Built on trust, no hidden terms, all terms & conditions in black and white
  • Have a bad debt record? Unable to get a loan from the bank? Save your frustration, take an in-house loan with us!
car loan singapore, Financing

Document Required

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)

    Document Required

    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

      car loan singapore, Financing

      FAQs

      1. How established is this Company?

      Think One Credit, a subsidiary of Think One Group, is a trusted company that provides car loans in Singapore which are tailored to the needs of every client. With more than 27 years of Financial Services experience, we have continuously established flexible car loan schemes to support Singaporean citizens in achieving their dreams of owning a new car.

      2. Do you offer Flexible Loan Tenure?

      Our services include doing all the paperwork for our clients and enabling them to experience a hassle-free application process. We offer schemes in car 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 car but do not have the financial means to do so. Once you avail a car loan with us, we will consider all aspects of your eligibility and let you obtain a brand new car or even a used car and pay for it through a monthly installment term. 

      3. Is there any Admin Fee?

      The admin fee is only applicable on used vehicles. There is no admin fee for new vehicle loans.

      4. What is the maximum loan period for COE renewal?

      5 years COE renewal – the max loan repayment term is 4 years. 

      10 years COE renewal – the max loan repayment term is 7 years.

      5. How long will it take to renew my COE?

      Upon loan approval, the renewal process takes approximately 3 working days. 

      6. If I am not the vehicle owner, can I apply for a loan?

      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.

      7. I am not a Singapore Citizen/PR, can I apply for a loan?

      Yes, but a Guarantor is required for your loan application.

      9. How much can I loan for my passenger car?

      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).

      10. How much can I loan for my commercial vehicle?

      We offer flexible loan packages for Commercial vehicles, up to 100% loan.

      11. Will I be able to apply for a loan if I have a bad debt record?

      We also cater to those who tried to get a car 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 car loan in Singapore, then you are in the right place. We don’t base approval on your debt record; the loan amount will depend on the client’s needs and we will therefore adjust the monthly installment, maximum loan amount, and interest rates accordingly.