What We Offer
Being aware of your credit score may allow you to negotiate a better rate
with some lenders.
What We Offer
Being aware of your credit score may allow you to negotiate a better rate
with some lenders.
We support car loans for most major brands in Singapore — including Honda, Toyota, Nissan, Mazda, Kia, Lexus, Suzuki, MG, BYD, Mercedes-Benz, BMW, Audi, Lamborghini, and more…
Car Loan Interest Rates in Singapore (2026)
Understanding your financing options matters more than most buyers realise. A difference of just 0.3% p.a. can add up to thousands of dollars over your loan — and the right structure can make owning a car far more accessible than you’d expect.
Key MAS Rules to Know (Bank Loans)
- Borrow up to 70% of the car price if OMV ≤ $20,000; up to 60% if OMV > $20,000
- Maximum loan tenure: 7 years
- Total monthly debt repayments cannot exceed 55% of gross monthly income (TDSR)
More Than Just a Loan
Most buyers only know about bank financing — but that’s just one option. At Royal Motor Grandeur, we go further:
✅ Lowest Interest Rate from 1.48% p.a.
✅ Flexible Scheme — tenures of up to 10 years for lower monthly instalments
✅ Trade-in towards your downpayment, plus up to $8,000 overtrade on current promotions
✅ Loan pre-check so you know your approved amount before you commit
✅ PHV drivers welcome — we’ll walk you through the financing rules that took effect on 30 October 2026
Every buyer’s situation is different. Tell us the car you’re considering and we’ll show you both options side by side.
Talk to us today and we’ll walk you through all available options, no obligation.
Flat Rate vs. EIR — Know the Difference Banks quote flat rates, but the Effective Interest Rate (EIR) reflects your true borrowing cost. Always compare EIR when evaluating packages.
Why Choose Us?
Royal Motor Grandeur are more than just a car dealer—we’re your one-stop solution for a stress-free car ownership journey. From recommending the right vehicle to securing your bank loan with fast approval, we take care of everything so you don’t have to..
Whether you’re eyeing a sleek sedan or a family SUV, we’ll arrange the perfect purchase package—selecting the right model, negotiating the best price, and securing competitive interest rates on your behalf. No dealership pressure, no hidden fees: just a seamless end-to-end car buying experience.
As a CaseTrust-accredited company, we’re committed to honest pricing, transparent processes, and delivering a buying experience you can trust—no hidden fees, no pressure, just peace of mind.
Our Awards
Why Choose Us?
Whether you’re eyeing a sleek sedan, a family SUV, MPV, or PHV, we’ll arrange the perfect purchase package—selecting the right model, negotiating the best price, and securing competitive interest rates on your behalf. No dealership pressure, no hidden fees: just a seamless end-to-end car buying experience.
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FAQ
What is the lowest car loan interest rate in Singapore?
At Royal Motor Grandeur, we offer car loan interest rates from as low as 1.48% p.a., one of the most competitive rates in Singapore.
Can I get a car loan with 0 downpayment in Singapore?
Not through a regulated bank or finance company. MAS rules cap car loans at 70% of the purchase price for cars with OMV of $20,000 or below, and 60% above that, so the minimum downpayment is 30–40%. From 30 October 2026 this also applies to individually owned private hire cars. You can use your current car’s trade-in value towards the downpayment [verify], and we’ll show you the exact figure before you visit.
How long does car loan approval take?
With SingPass MyInfo, loan approval can be completed within 1 hour.
Can I get a used car loan from Royal Motor Grandeur?
Yes, we provide car loans for both new and pre-owned vehicles.
What is the maximum loan amount for a car in Singapore?
Up to 70% of the car’s purchase price (including taxes and COE) if its OMV is $20,000 or below, or up to 60% if the OMV is above $20,000. The maximum tenure is 7 years.
Do the new PHV loan rules apply to me?
If you buy a car registered as a private hire car in your own name, including as a sole proprietor, yes: since 30 October 2026 the same 60–70% loan limit and 7-year maximum apply. If you signed your sales agreement before 30 October, the previous terms apply.
What’s the difference between flat rate and EIR?
Banks usually quote a flat rate. The effective interest rate (EIR) reflects your true cost because you repay the principal over time. As a rough guide, a 1.48% flat rate over 7 years works out to roughly 1.7% EIR. Ask for the EIR when comparing packages.
Financial Services Disclaimer
Financing is offered through our partnered financial institutions, United Overseas Bank Limited, which are licensed and regulated by the Monetary Authority of Singapore (MAS).
Royal Motor Grandeur does not provide loans or financial services directly.
You can verify the institutions’ licenses on the MAS Financial Institutions Directory here:
https://eservices.mas.gov.sg/fid
