Complete Guide to Credit Cards

Latest news and tips about all thing of Credit Cards. And you can also check forum and review about Credit Cards.

Latest Forums

What is the safest bank to apply for a Credit Card?

How do I block my credit card?

What shpuld I do in case I accidentally damaged my credit card?

Would getting a loan to pay delinquent accounts raise my credit score?

Is it possible to negotiate a recuded payment plan from a company whcih I am in debt to?

I need my car back!! How do I reposses it ASAP

Latest Reviews

A no-no for individuals seeking the cheapest car loan

UOB Car Loan / United Overseas Bank

This car loan is a no-no for individuals seeking the cheapest car loan or borrowers seeking to refinance their existing car loan as interest rates of 2.78% and 2.98% don’t come cheap. Irrespective, UOB could be a good backup source of car financing for individuals that are not approved for loans from other banks. Additionally, the bank is unique because it offers flexible car loan repayment schemes and Certificate of Entitlement (COE) loans for used cars.

Car loan calculator that allows for the calculation of monthly payments

Standard Chartered Auto Financing / Standard Chartered Bank Singapore

The Standard Chartered car loan calculator allows for the calculation of monthly payments you’ll need to make if you take up a car loan. Simply indicate the car type, enter the required loan amount, loan term and click “Calculate”. You should remember to always consider if you’ll be financially comfortable to meet up payment for the projected monthly instalments while still meeting your basic needs before committing to a car purchase.

Lowest rates for new and used car loans in Singapore

DBS Car Loan / DBS Bank

DBS charges interest rate of 2.28% for its car loans to individuals that apply online and that is the lowest rate offered for both new and used car loans in Singapore. In my opinion this makes DBS the most affordable option for those that require financing in order to purchase a vehicle. It is also worth noting that DBS is currently offering an even lower rate for the purchase of used cars (1.99% p.a.) in a promotion.

Islamic auto financing

Maybank Car Loans Singapore / Maybank Singapore

Maybank charges a much higher interest rate of 3.25% for its car loans than other lenders in Singapore, making it a less affordable option however, borrowers that are unable to obtain a car loan from other banks may want to keep Maybank in mind as a an alternative to other lenders. It is also worth noting that Maybank offers Islamic auto financing, which may be of interest to prospective borrowers.

On both occasions the customer service has been phenominal

Asia Carz Credit Car Loan / Asia Carz Credit

Even as it was my first time dealing with them the customer service staff were very friendly and helpful delivering on a fast and smooth transaction processing time. On my second time using them I was not disappointed too as I had a very pleasant transaction and would gladly recommend them to my friends and family. Trusted dealer!

This may be the cheapest car loan refinancing option in Singapore

OCBC Car Financing / Oversea-Chinese Banking Corporation

This may be the cheapest car loan refinancing option in Singapore as the bank allows borrowers to refinance their existing car loans for a very competitive rate of 2.08%, which is much cheaper than most rates for new loans. While the bank also offers loans for the purchase of new and used vehicles, these rates of 2.78% and 2.98% are not the cheapest available. If you are approved to refinance your existing car loan from another bank, you may be able to save thousands of dollars by switching to OCBC due to its refinance rate of 2.08%, which is significantly cheaper than those of most car loans offered by lenders in Singapore.