OCBC Car Loan
The OCBC Car Loan offers financing from SGD 10,000 to SGD 200,000 at competitive rates between 2.48% and 3.5% APR, with quick approval within a business day.
Last checked on June 11, 2026. We may earn a commission when you click through.
This loan is a solid choice for those seeking flexible financing options for a new vehicle.
OCBC Car Loan
Updated 4 days agoAt a Glance
Representative APR
2.48–3.5%
Loan Amount
$10,000–$200,000
Term
12–84 mo
Decision
Within 1 business day
Eligibility Requirements
About this loan
The OCBC Car Loan offers financing from SGD 10,000 to SGD 200,000 at competitive rates between 2.48% and 3.5% APR, with quick approval within a business day.
Our Verdict
This loan is a solid choice for those seeking flexible financing options for a new vehicle.
Best For
Best for Singapore citizens or PRs earning at least SGD 30,000 annually looking for a reliable car loan.
Watch Out
Potential borrowers should be aware of the income requirement and ensure they meet the minimum criteria.
What Customers Say
Borrowers generally appreciate the quick approval process and competitive rates, though some mention the strict income requirements.
Expert Analysis
The OCBC Car Loan provides a range of financing options from SGD 10,000 to SGD 200,000, making it suitable for various vehicle types. With APR rates starting at 2.48%, it competes well against other lenders like DBS, which offers similar terms but may have higher rates depending on the applicant's profile.
Approval times are within one business day, a significant advantage for those eager to secure a vehicle promptly. However, applicants should note the minimum annual income requirement of SGD 30,000. This could exclude low-income earners or those with unstable income, limiting accessibility.
In terms of customer service, OCBC has a relatively good reputation, but users should check online reviews for specific experiences. Overall, this loan is ideal for Singaporeans needing a reliable car loan without excessive waiting times. For more details, visit OCBC's official page here.
You'll be redirected to ocbc.com
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
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