High Car Loan Quantum & Other Car Financing Options in Singapore

UBI, Singapore - March 13, 2013 - PRLog -- Many potential car buyers in Singapore do not have the means to cough-up hefty down payments. As such, it is reasonable for them to seek alternative financing sources that can offer a much higher car loan quantum and flexible financing options.

Fortunately, credit companies in Singapore do not come under the purview of these financing restrictions - where new and used car loans are now restricted to 50 per cent or 60 per cent of purchase price, and must be repaid within five years.

Thus, Speed Credit, a company that specialises in car financing and insurance services with more than 12 years of solid experience, has recently announced that car buyers are still able to get a higher quantum over a longer period through their company.

As such, Speed Credit is offering the below attractive financing for all those aspiring car owners in Singapore.

1.)          A high car loan quantum of up to 80% of the purchase price.

2.)          Up to 9 years of car loan tenure.

3.)          And a special in-house car loan promotion of 1.68% and 1.88%.

Although these special financing options can definitely aid MAS’ drastic car financing restrictions, all car loan applications at Speed Credit are still subject to thorough approval.

In an interview conducted by Channel News Asia, the Managing Director of Speed Credit, said: “We are more selective now, we also have to check with the customer whether they can finance the loan.”

Need a high car loan quantum? Contact Lynn Chai today at 6444-4400 to know more.