Balloon Scheme Calculator

Terms & Conditions

  1. Residual value is 90% of PARF at 10 years
  2. GIRO compulsory
  3. Insurance with Teck Wei compulsory
  4. Shorter tenure or higher residual value can be arranged.
  5. An option to sell PARF paper to Teck Wei @ 1.5% (min $ 200) at the end of 10 years of car

Interest rate
  1. For car rental company (UBER or GRAB included)- 4.5%
  2. For individual (MAS 60%-70% rule applies) - 4.5%

Please email loan@teckwei.com.sg to avail the Balloon Scheme.

Make & Model
Purchase Price :
Loan Amount :
Interest Rate :
Loan Period :
Minimum PARF Rebate :
PA :
90% OF MIN PARF:




Flat HP Balloon
TOTAL INTEREST CHARGEABLE : {{InterestChargableFh()|number:2}} {{InterestChargableBalloon()|number:2}}
TOTAL AMOUNT PAYABLE (Principal + Interest) : {{TAPFH()|number:2}} {{TAPBalloon()|number:2}}
MONTHLY INSTALMENT PAYABLE until last but one month : {{MIPFH()|number:2}} {{MIPBalloon()|number:2}}
FINAL Month's INSTALMENT : {{FMIFH()|number:2}} {{FMIBalloon()|number:2}}
Round up to next integer : {{FMI()|number:2}} {{RFH()|number:2}} {{RBalloon()|number:2}} {{PA()|number:2}} {{MINPARF()|number:2}}
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