Looking for a Quick and Affordable Auto Financing Options in Singapore?
Get an instant Auto Loan today!
Affordable Auto Financing Options for
SMEs And Individuals.
Own the vehicle (or fleet of vehicles) of your choice with Capitall Auto Financing Solutions
In Singapore, it is not uncommon for most car buyers to take up auto loans since the cost of driving is so high. The COE alone makes up the majority of the cost of owning a car. Auto financing allows you to break up the costs of the purchased vehicle into smaller and more manageable monthly instalments, making vehicle ownership a more attainable goal.
And, if you are a business owner, getting an auto loan to finance the purchase of your company’s vehicles makes good sense. It saves you from having to come up with a large sum of money which may otherwise be used to capitalise on other business opportunities.
However, securing such loans from banks is not always a walk in the park, more so if you are an SME or young start-up. Lengthy application and stringent criteria aside, you also run the risks of your applications being rejected.
In Capitall Auto, we are committed to helping you every step of the way in your auto financing journey. Our competitive and highly affordable loan rates are designed with your needs in mind. Coupled with a simple and hassle-free loan application process, as well as an efficient approval rate, you can drive away your vehicle(s) of choice in no time.
Thinking of getting an auto loan? Send us an enquiry today.
Get Your Auto Loan in 5 Easy Steps.
Easy Online Application
Fill in your contact information
and send your loan request to us.
Submit the required documents
for our quick evaluation.
Check Approval Results
Get a response within 30mins
from our car financing specialist.
Sign Required Documents
Endorse on the loan contract upon receiving.
Get Ready to Drive Your Car
Drive away your car once the process is completed.
Why Capitall Auto?
Simple Repayment Options
We make repayment effortless by utilising customised repayment options designed to fit your individual and/or business needs.
We know every minute is crucial. So we do our best to ensure we process and approve your application within 24 hours.
Transparent and Reliable
We adopt a transparent structure. We guarantee that there are no hidden terms and that your information submitted will be treated with utmost confidentiality.
Simple and Hassle-Free Process
Leave all the tedious paperwork to us. All you need to do is to submit your details and required documents online, and we will take it from here!
Frequently Asked Questions.
In short, private financial institutions and car dealers offer loan options for customers who are looking to finance their vehicle purchase. You can easily sign up for this scheme with the lender or car dealer when making purchases.
Usually, the process is quicker and easier compared to borrowing from traditional lenders such as banks. For instance, banks may take up to 2 – 3 weeks to approve an auto loan whereas an in-house financing loan with a private financial institution can be processed and approved within hours.
You must be a Singaporean or PR with at least 21 years of age.
For business owners who are purchasing the vehicle(s) for business use, you need to prepare:
- A copy of your company ACRA
- Copies of the company’s Director or Sole Proprietor NRIC (front and back)
- Proof of Income – the latest 2 years of Income Tax Notice of Assessment or the past 3 months of Company Bank Statement
- Completed application form
We offer flexible loan tenure based on vehicle life span.
When applying for an auto loan, it is important to consider the following:
- Based on your current financial profile, is there a need for a new (or used) car? Is it the right time to acquire one now?
- As interest rates vary amongst various financial institutions, it is critical that you compare interest rates between different lenders and financial institutions.
- Interest rates are not the only thing you will need to consider. You should also compare different terms and conditions such as penalties, monthly instalments, and other repayment terms.
- Having an idea of your repayment period and whether that is reasonable for your financial means is also crucial. Sometimes, sudden expenses may arise and so it is essential to check how flexible your financing company is or go for a plan that allows you to adjust your monthly repayments when the needs arise
- Different auto financing plans may have varying loan features. It is essential that you checked through their features to ensure that you are clear and agreeable to all.