Individual Car Loan Application Requirements for Locals
For the local car buyer, requirements are signed car loan application form, a clear copy of your NRIC (front & back), at least one income document and sales & purchase agreement. Income document can either be your latest 6 months CPF, 2 years notice of assessment or latest 3 months computerized payslip.
For the local/non-local car seller, requirements are vehicle log card or acknowledgement and clear copy of NRIC / Passport are needed. If the seller’s vehicle is still under finance, an authorization form to check full settlement is needed.
