Join our savings quest! Every time your child grows their savings by at least S$10 each month, they will earn a S$1 reward in that month. Have at least S$300 in OCBC MyOwn Account to get started. Valid from 1 March to 31 August 2025.
T&Cs apply. Insured up to S$100k by SDIC.
Our recognitions and achievements drive us to go further for you.
The Asian Banker Financial Technology Innovation Awards 2020
The Digital Banker Global Retail Banking Innovation Awards 2020
The Digital Banker Global Retail Banking Innovation Awards 2020
Shop for a new or used car that is within your budget by knowing your maximum loan amount beforehand.
Apply with Singpass and get your car loan approved within 60 seconds.
You will not incur any penalty or fees until you finalise the car purchase and accept the Hire Purchase Agreement.
Be part of a greener Singapore with your electric vehicle and enjoy significant savings.
Terms and conditions apply.
The Charge+ Promotion has ended. For customers who accepted the Eco-Care Car loan by 25 October 2023, submit your details to opt-in to the Charge+ Promotion within 3 months from the disbursement of your OCBC Eco-Care Car Loan, if not the promotion will lapse.
Charge+
Audi e-tron
Jaguar
Nissan
Charge+
Audi e-tron
Jaguar
Nissan
Meet John
Engineer, 32 years old
Looking to buy his first car
Does not know which car he can afford and has not been to a showroom yet
Step 1
Use Myinfo and get a car loan in just 60 seconds! Based on your approved loan amount, you will know the maximum car price you can afford, so that you can shop with confidence.
Step 2
Inform your car dealer that you have an OCBC Car Loan after you have selected your car. Your car dealer will submit the car details to us and you will receive an SMS to verify the information.
Step 3
As you already have an approved loan with us, we can speed up the process and send you the Hire Purchase Agreement immediately via SMS. You can review and accept the agreement digitally.
Step 4
Your car dealer will arrange for you to collect your car when it is ready.
We will email you the Hire Purchase Agreement with the monthly instalment amount and payment date.
Step 5
OCBC Car Loan does not currently finance private hire vehicle or commercial vehicle.
| Period | 1 year | 2 years | 3 years | 4 years | 5 years | 6 years | 7 years | |
| Electric Car | Rate | 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 |
||||||
| 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 |
||||||
| 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 |
| Period | |
| Electric Car | Rate |
| EIR % | |
| Petrol/Diesel Car | Rate |
| EIR % | |
| COE Car | Rate |
| EIR % |
Rates are subject to change.
Effective Interest Rate (EIR) is the true cost of the loan and the rate that includes all fees and charges.
| Electric Car | Electric Car | Petrol/Diesel Car | Petrol/Diesel Car | COE Car | COE Car | |
| Period | Rate | EIR % | Rate | EIR % | Rate | EIR % |
| 1 year | 2.48% per annum | 4.55% per annum | 2.78% per annum | 5.09% per annum | 2.98% per annum | 5.46% per annum |
| 2 years | 4.69% per annum | 5.25% per annum | 5.62% per annum | |||
| 3 years | 4.72% per annum | 5.27% per annum | 5.64% per annum | |||
| 4 years | 4.71% per annum | 5.27% per annum | 5.63% per annum | |||
| 5 years | 4.70% per annum | 5.24% per annum | 5.61% per annum | |||
| 6 years | 4.68% per annum | 5.22% per annum | 5.57% per annum | |||
| 7 years | 4.65% per annum | 5.19% per annum | 5.54% per annum |
| Period | |
| Electric Car | Rate |
| EIR % | |
| Petrol/Diesel Car | Rate |
| EIR % | |
| COE Car | Rate |
| EIR % |
Minimum age
21 years old
Nationality
Singaporeans, Singapore PRs and foreigners
Late fee
S$80
Full settlement penalty
1% on outstanding loan amount
Interest rebate clawback
20% on interest rate rebate (rule 78 computation)
or speak to your car dealer.
Via OCBC Internet Banking
Via OCBC Digital app
Via mail
The GIRO application may take 4 to 6 weeks to process. You will receive a notification letter upon approval of the application. In the meantime, please continue to make payment via other options.
Via OCBC Internet Banking
Via OCBC Digital app
Note: Prior to setting up bill payment via ATM, please note to add ‘OCBC Car Financing’ as the billing organisation first. You may refer to this guide on how to add billing organisation.
For customers with multiple accounts under OCBC
For customers with single account under OCBC
Note: Branches do not accept Credit Card or NETS Payment
