Used Car Loan
Used Car Loan at a Glance
*Terms & Conditions apply.
Lowest Interest Rate for Your Used Car Loan
Driving Used Car Loans Further
Since 2000, we have helped thousands of Singaporeans, Singapore PRs, and Foreign Workers in financing their used cars. As we have the largest network of banks and financial institutions and have established a good working relationship with each of them, we have earned the capability of getting you the lowest used car interest rates. Speed Credit can compare rates for you, get you the lowest interest rate (or at times, special interest rates that are only exclusive to us), and get you approved in the shortest possible time.
Our expert car finance experts are with you every step of the way! We give every customer a personalised service so you can rest knowing you’ve secured a great loan deal that suits your budget, needs, and current financial status. You don’t have to worry about a single thing too, as we’ll handle all the paperwork, bank, and LTA processing for you. Save time, save money, and enjoy a fast and easy process for your used car loan!
Used Car Loan Options Suitable for Everyone
Get more car loan options for your used car through Speed Credit. Whether you’re buying a used car from a private seller or a dealer, or a company, we can help secure the best rates and loan terms for you. It is our goal to help get you more savings so you can reserve more cash for your current and future needs. Our car loan options have been tailored to every financial status and need. Leave all the processes and paperwork to us – we’ll do all these for you at no charge.
Do you have bad credit and have been declined by other banks? Speed Credit has been known for being one of the go-to financial companies for people who have had difficulties in getting their car loans approved. Together with our car finance experts, we’ll do our best to help you, no matter the circumstances. Talk to us, let us know more about your challenges and credit history – together, we can make things happen.
Why Get a Used Car Loan From Speed Credit?
Company Competence
Competitive Distinction
Free Assistance & Services
Awards & Accreditations
Procedure & Online Application for Used Car Loan
Get a Used Car Loan in 3 Easy Steps!
Step 1
Fill out our online application form or contact us at (+65) 6444 4400 or (+65) 9851 8281. Instructions and other requirements will be sent to you via email by our car finance expert. Please check your inbox or spam mail.
Step 2
Submit all the requirements and/or signed documents needed via email at loan@speedcredit.com.sg. You will also be advised on the next steps and/or other necessary instructions related to your application.
Step 3
You will be notified by our car finance expert via email and/or call regarding the status of your application.
Eligibility Criteria for Used Car Loan
- Applicants should be between 21 – 65 years of age
- Singaporeans, Singapore PRs, Foreigners
Requirements for Used Car Loan
Individual (Local)
Buyer
- 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 3 Months Bank Statement if Self-Employed
- Sales & Purchase Agreement of Purchased Vehicle
- Copy of Enquire PARF / COE Rebate for Registered Vehicle
Seller
- Vehicle Log Card / Acknowledgement
- Clear Copy of NRIC (Front & Back)
- Authorization Form To Check Full Settlement (if Vehicle Is Still Under Financing)
Guarantor
- Page 2 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 3 Months Bank Statement if Self-Employed
Individual (Foreigner)
Buyer
- Page 1 of Loan Application Form (1 Copy – Signed, Filled & Completed)
- Clear Copy of Passport
- Clear Copy of Employment Pass
- 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 3 Months Bank Statement if Self-Employed
- Sales & Purchase Agreement of Purchased Vehicle
- Copy of Enquire PARF / COE Rebate for Registered Vehicle
Seller
- Vehicle Log Card / Acknowledgement
- Clear Copy of NRIC (Front & Back)
- Authorization Form To Check Full Settlement (if Vehicle Is Still Under Financing)
Guarantor (Must be a Singaporean)
- Page 2 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 3 Months Bank Statement if Self-Employed
Company
Buyer
- Page 1 of Loan Application Form (1 Copy With Company Chop – Signed, Filled & Completed)
- Clear Copy of ACRA Document (Within 3 Months)
- Latest 3 Months Bank Statement
- Sales & Purchase Agreement of Purchased Vehicle
Seller
- Vehicle Log Card / Acknowledgement
- Clear Copy of NRIC (Front & Back)
- Authorisation Form To Check Full Settlement (if Vehicle Is Still Under Financing)
Guarantor (Director of Company)
- Page 2 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 3 Months Bank Statement if Self-Employed
Used Car Loan Interest Rate
Speed Credit
Companies
*Terms & Conditions apply.
Used Car Loan Calculator (Monthly Repayment)
Use our Used Car Loan Calculator to calculate or get an estimate of your monthly instalment repayments for your used car.
Used Car Loan FAQ
What are your eligibility criteria for used car loans?
- Singaporeans, Singapore PRs, Foreigners
- Applicants should be between 21 – 65 years of age