Loan Interest Rates

Note :

  • The below interest rate can changes without prior notice. Please cross check them with us.
  • For In-house Loan, you need to take insurance compulsory via Teck Wei Credit Pte Ltd. A $100.00 fee will be applicable if insurance is not done via Teck Wei Credit Pte Ltd
  • Agreement fee : to be advised

IN-HOUSE LOAN INTEREST RATE

Vehicle Type 1YR 2YRS 3YRS 4YRS 5YRS 6YRS Remark
Used Commercial Vehicle Interest Rate 3.4% / 4.0%( Loan Above 90%) For “G” Plate
Interest Rate 4.0% / 4.5%( Loan Above 90%) For “Y” Plate
Used Commercial Vehicle (COE) Interest Rate 4.50% N.A. For “G” Plate
Interest Rate 5.00% N.A. For “Y” Plate
Interest Rate 5.50% N.A. For Below 85% Heavy Vehicle
Interest Rate 6.00% N.A. For Below 85% Heavy Vehicle
Brand New Commercial Vehicles (80% Below) Interest Rate 3.40% 3.50%
Brand New Commercial Vehicles (80% Above) Interest Rate 3.60% 3.90% 4.00% 4.15%
Used Passenger Vehicle (PARF) Interest Rate 3.50% N.A.
Used Passenger Vehicle (COE Renewal) Interest Rate 5.00% N.A.
Brand New Passenger Vehicle Interest Rate 3.25% N.A.

BANK LOAN INTEREST RATE

Vehicle type 1YR 2YRS 3YRS 4YRS 5YRS 6YRS 7YRS
Brand new/used passenger vehicle Interest rate 3.98% ( used car), 3.5% onward ( new car)
Brand new commercial vehicles Interest rate 3.03% onwards
Used commercial vehicles Interest rate 3.4% onwards
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