COE Renewal Loan

Renew your car’s COE from 1.99% interest rate.

*Terms & Conditions apply

COE Renewal Loan

Did you know that you do not have to bid for a new COE in order to renew it? Vehicle owners interested in renewing their COE can opt for their desired renewal period. All you need to do is to pay the COE Prevailing Quota Premium (PQP).

It is best to renew your car’s COE before it expires, and we recommend that you submit a loan application at least 4-6 weeks before the COE expiry date.

Here at Swee Seng, we offer a one-stop service to renew your COE installment, get a loan with attractive monthly rates from as low as 1.99%* and up to a 7 years repayment period. To help you save more time and money, all our COE Renewal processes are seamless and hassle-free with almost immediate approval.

Enjoy more savings whilst driving your beloved vehicle with Swee Seng Credit’s COE Renewal Loan.

Interest Rates & Fees

Get going with Swee Seng Credit COE Renewal Loan.

Receive the best 3 – 4 years COE Renewal Loan interest rate.

Personal Use

  • COE Renewal for existing vehicle
  • COE Renewal for a used car purchase with COE Renewal requirement

Calculate Your Monthly Repayments With Our Loan Calculator Online.
Try It Out Now!

COE Renewal Options

Loan Period

5 Years

5 Years Repayment

10 Years

7 Years Repayment

1 to 2 Years

1.99%

1.99%

3 Years

2.48%

2.48%

4 Years

2.68%

2.48%

5 Years

2.68%

2.68%

6 to 7 Years

N.A

2.68%

Calculate Your Monthly Repayments With Our Loan Calculator Online.
Try It Out Now!

Commercial & Private Use

  • COE Renewal for existing commercial vehicle
  • COE Renewal for existing vehicle for private hire (Grab / Gojek Use)

Calculate Your Monthly Repayments With Our Loan Calculator Online.
Try It Out Now!

Commercial Use

FROM

2.98%

INTEREST RATE

Private Use

FROM

2.98%

INTEREST RATE

Calculate Your Monthly Repayments With Our Loan Calculator Online.
Try It Out Now!

100% No hidden / Additional Charges

*Terms & Conditions apply

Admin Fee

$374.50

+

LTA Transfer Fee

$25

Why hold back with the car you love?

Features & Benefits

All our COE renewal processes are seamless and hassle-free to help you save time and money with almost immediate approval.

Affordable Fixed Repayment

Monthly Installments of 1 – 7 years

Low Interest Rate of 2.48%* for 3 – 4 years

No Middleman & No Mark-ups on Interest Rates

100% No hidden / additional charges

Free Assistance & Services

Free Handling of LTA & Bank Transactions

Free Full Settlement & Car Ownership Transfer Assistance

Free Financing Advice & Paperwork Assitance

Fast, Transparent & Hassle-Free Service

Instalment Calculator

Use our Instalment Calculator to calculate an estimate of your monthly repayments for your car.

Personal Use
  • Personal Use

  • Commercial & Private Use

Minimum S$10,000

Minimum 12 months, Maximium 84 months

Monthly Repayment

S$687.00

Total Repayment

S$32,976

Loan Amount

S$20000

Interest Rate*

1.99%

Admin and Transfer Fee

S$374.50 + S$25

Inclusive of GST

Interest rates are estimated and may differ based on credit evaluation and loan amount from banks and financial institutions.

This Car Loan Calculator can only be used as a guide to help you to get a better sense of your potential monthly repayment commitments. It does not warrant the accuracy, adequacy or completeness of the figures presented. Swee Seng Pte Ltd explicitly disclaims liability for any possible errors or omissions.

Ready to apply for a loan?

Who can Apply?

Eligibility Criteria

  • Applicants should be between the age of 21 – 65 years old.
  • Applicable to Singaporeans, Singapore PRs and Foreigners.

Enjoy this offer in just 2 steps

1 Apply Online

Let us know the following information:
– 5 or 10 years renewal
– Loan tenure
– Vehicle logcard

2 Get A Quote

Alvin will quote and reply with application form.

Disclaimer:

Please check your inbox or spam mail.

Requirements

A few documents are required to enjoy this attractive offer.

For Individual – Local

Page 1 of Loan Application Form (1 Copy – Signed, Filled & Completed)
Clear Copy of NRIC (Front & Back)
Income Documents (Any of the Following):
  • Latest 12 Months CPF Contribution Assessment
  • Last 2 years Notice of Assessment (NOA)
  • Latest 6 months computerised payslip or latest 2 months bank statement if self-employed
Vehicle Log Cards

For Individual – Foreigner

Page 1 of Loan Application Form (1 Copy – Signed, Filled & Completed)
WP/EP or Passport (Front & Back)
Income Documents (Any of the following):
  • Billing (prove address)
  • Last 2 years Notice of Assessment (NOA)
Vehicle Log Card
Local guarantor
Clear Copy of NRIC (Front & Back)
Income Documents (Any of the following):
  • Latest 12 Months CPF Contribution Assessment
  • Last 2 Years Notice of Assessment (NOA)

For Company

Page 1 of Loan Application Form (1 Copy – Signed, Filled & Completed)
ACRA
Bank statements (last 3 months)
  • Latest 12 months CPF contribution assessment
  • Last 2 years Notice of Assessment (NOA)
  • Latest 6 months computerised payslip or latest 2 months bank statement if self-employed
Director/Directors Copy of NRIC as guarantors (Front & Back)
Income Documents (Any of the following):
  • Latest 12 Months CPF Contribution Assessment
  • Last 2 Years Notice of Assessment (NOA)
Vehicle Log Card

Repayment Methods

Access up to 6 different payment methods easily with just your loan number.

Interbank Giro

Preferred

Paynow

Internet Banking

ATM

Quick Cheque Deposit

FAQ

Is there any admin fee?

There is a one-time admin fee and it varies from the range of loan packages we offer.

What is the interest rate and the repayment period?

The interest rates and repayment periods are as listed above.

What will my monthly instalment likely be?

The monthly instalment would depend on the PQP, interest rate, and loan tenure. Based on these factors, we’ll assess, work out a quotation for you and send it to you through email. If you only want to get an indicative monthly instalment figure, please feel free to use our Monthly Instalment Calculator.

How do i apply?

To apply, please submit an online application or an enquiry. One of our car financing and COE experts will then contact you, guide you and do all the necessary paperwork and loan processing for you.

Is there a difference between 5 and 10 years COE renewal?

For a 5 years COE renewal, your car must be de-registered at the end of the 5th year period.
For a 10 years renewal, your car is eligible for subsequent COE renewals.

Can we assist to do full settlement?

Yes, at a minimum cost.

Can I apply for the loan if I’m not the car owner?

Yes, you can. However, the applicant must still be the car owner and all documents should be approved and signed by him/her.

How long will it take to renew my COE?

Processing time depends on several factors. However, it usually takes 1-2 working days.

How long will it take for loan approval?

For COE Renewal, we offer instant in-principle approval which only takes 3 minutes. For non-instant approval, it takes 1-3 days.