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Motorcycle COE Renewal Loan

Do you have a motorcycle that is too valuable to let go of? Or is the cost of buying a new one still too high for you?

A Motorcycle COE Renewal Loan makes sense in the current economic climate, especially if you use it for business or work. Even though the COE premiums have steadily increased in recent months, renewing your motorcycle’s COE will still save you a lot of money compared to buying a new one.

Make the most of our Motorcycle COE Renewal Loan to save yourself some time and money! Providing COE Renewal Loans in Singapore since 2000, Speed Credit can help car owners keep and finance their current vehicles with the lowest interest rate possible.

We offer you the option to renew your motorcycle COE for another 10 years or 5 years, depending on what suits your needs best. Should you wish to renew your motorcycle for another 10 years, you will need to pay the full Prevailing Quota Premium as listed by LTA (https://vrl.lta.gov.sg/lta/vrl/action/pubfunc?ID=EnquirePQPRates).

Click here to fill out our COE Renewal Form

With our competitive COE loan rates, we are more than confident that you’ll get the lowest monthly payment possible. We are the first company in Singapore to offer COE Renewal Loan and is considered the most trustworthy auto finance industry expert.

From 5.98%

PROMOTIONAL
COE RENEWAL LOAN RATE

From $150+

PER MONTH

7 YEARS

REPAYMENT
PERIOD

$0

DOWNPAYMENT

100%

FINANCE AMOUNT & LOAN APPROVAL

2 DECADES

EXPERIENCE IN THE
AUTO FINANCE INDUSTRY

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Name*

Email*

Contact Number*

COE Expiry Date (dd/mm/yyyy)

COE Renewal Period

Requested Loan Amount

Requested Loan Period

Message

 

How to Renew Your COE / Speed Credit’s COE Renewal Application Process

  • Call us at +65 6444 4400 to speak to our car finance representative.
  • Wait for our car finance specialists’ reply or instructions.
  • Submit all the required documents via fax (+65 6444 4455) or email (loan@speedcredit.com.sg)
  • We will notify you within 1 working day regarding the status of your COE Renewal Car Loan Application.
  • Once your COE Renewal Car Loan Application is approved, our car finance specialist will contact you for further instructions.

 

Eligibility

  • Loan applicant should be 21 years old and above.
  • Maximum loan amount is 100% of PQP.
  • Loan applicant’s minimum income should be at least S$20,000 p.a. or 3x higher than its monthly loan installment.
  • For vehicle that is renewed for 5 years, maximum loan is only 4 years.
  • For vehicle that is renewed for 10 years, maximum loan is only 7 years.

 

Requirements for COE Renewal Car Loan

Buyer

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following)
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip
  4. Sales & Purchase Agreement (Used Attached or Own Agreement)

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Guarantor

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Buyer

  1. Loan Application Form (Preferred 2 chop & Signed , At least 1 is filled , chop & signed )
  2. Clear Copy Of Acra (Printed Within 3 Months )
  3. Latest 3 Months Bank Statement
  4. Sales & Purchase Agreement (Used Attached or Own Agreement)

Guarantor (Director of Company)

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Buyer

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of Passport
  3. Income Documents (Any of the following)
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip
  4. Clear Copy Of Employment Pass (Front & Back)
  5. Full Set Employment Agreement
  6. Sales & Purchase Agreement (Used Attached or Own Agreement)

Seller

  1. Vehicle Log Card / Acknowledgement
  2. Clear Copy Of NRIC (Front & Back)
  3. Authorization Form To Check Full Settlement (If Vehicle is still under Finance)

Guarantor (Must be a Singaporean)

  1. Loan Application Form (Preferred 2 Signed , At least 1 is filled & signed)
  2. Clear Copy Of NRIC (Front & Back)
  3. Income Documents (Any of the following )
    • Latest 6 Months CPF
    • 2 Years Notice Of Assesement
    • Latest 3 Months Computerized Payslip

Interest Rates

Interest Rate for our COE Renewal Car Loan depends on the age of the vehicle and loan tenure.
For more information about our COE Renewal Car Loan Service and interest rates, you can contact our friendly car finance specialist, Ming Xi at +65 9851 8281.