Car-loan - Wagon Mate Pte Ltd

Getting a Car Loan?

Car Loan the Fast and Easy way!

1. Short List Car

Congratulations! You have found a car of your choice, now to proceed with the purchase you will need to apply for a car loan.

2. Contact Us

Contact us via the below loan form or simply reach us at +65 9005 5132. A few details is all we need to get your loan application process.

3. Loan Application

Now, sit back and relax, the loan application typically takes around 1-2 days. We will get all the documents required and keep you posted of the process.

4. Loan Approved

We will notified you once the loan is approved. At this stage we can also assist with any outstanding loan your buyer has.

5. Release Letter

The release letter will be issued, this letter is an assurance that your buyer will get paid by the bank. With this letter we can proceed to make balance payment for the vehicle.

6. Transfer of Ownership

Ownership of the seller can now be made to you within the same day of the loan approval!

Get me the Lowest Car Loan now!

What our Customer Says:

I brought my 2014 Mercedes Benz C180k from my sister in law, and took the car loan through Wagon Mate, I was very impressed that Serene from Wagon Mate, she was able to find the lowest interest rate for my car loan without any hidden cost. Serene, she is very patient and detail! I would highly recommend Serene to any of my friends who need a car loan!
Catherine Ang
Lawyer

Frequently Ask Questions

MAS Notice 642 Motor Vehicle Loans permits customers to a loan of up to 70% of the car purchase price if the OMV is lower than or equal to S$20,000. If the OMV is higher than $20,000, customers can take a loan of up to 60% of the car purchase price.

Choice of loan tenor from 1 year to 7 years.
Loan amount is pegged to the Open Market Value (OMV)
Open market value# Maximum Finance Amount
≤ S$20,000 70% of the purchase price or valuation price, whichever is lower
> S$20,000 60% of the purchase price or valuation price, whichever is lower

Loan approval can take between 1-2 days after we received all necessary documents from you.

You must be a Singapore Citizen or Singapore Permanent Resident and at least 21 years old

A local guarantor is required if a non-resident individual wishes to apply for a loan

The following documents are required:

– For New Passenger Vehicle: Sales/Purchase Order from supplier

– For Used Passenger Vehicle: Copy of Registration/COE Card

– Latest Income Documents (Income Tax Notice of Assessment, IR8A Form, pay slip, etc.)

– Photocopy of identity card/passport

We create value to our customer by working with 6 banks and 7 finance companies, coming to us meaning comparing and getting the most competitive interest rate from 6 banks and 7 finance companies. 

We do not charge any admin fee for normal loan application. However depending on the quantum of the car loan a Bank fee might apply. 

Start by sending us your loan from
Once we received your loan form we will proceed with your loan application.

Yes, we are able to provide car loan for companies as well. May it be a company Car, Van or Lorry, we are able to provide the loan.