Refinancing Loan

Save more when you refinance your car.

Refinancing Loan

When you refinance to the lower rate you qualify for, you pay less monthly and overall. COE vehicles only paper value.

Interest Rates & Fees

Get going with Swee Seng Credit Refinancing Loan.

Refinancing Loans

  • Loan Up to 7 Years Subject to your COE Expiry
  • Given a parf vehicle COE left with 6 years 11 months. we are able to loan for 6 years 10 months. (we keep 1 months for COE vehicles)

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

Personal Use

FROM

2.98%

INTEREST RATE

Commerical & Private Hire Use

FROM

3.23

INTEREST RATE

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

Why hold back with the car you love?

Features & Benefits

Our Refinancing Loan processes are seamless and hassle-free to help you save time and money with almost immediate approval.

Affordable Fixed Repayment

100% No hidden / additional charges

No Middlemen u0026 No Mark-ups on Interest Rates

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

Installment Calculator

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

Personal Use
  • Personal Use

  • Commercial & Private Hire 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*

2.98

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:
– Loan amount
– 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)
Vehicle Log Card

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)
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

Preferred

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.

Can i refinance my car if i do not want my car loan to affect my TDSR/ housing loan?

Yes, you can.

Can I do refinancing if I want to transfer the ownership of my car to another person

Yes, you can.

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.

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 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.