Car Loan Calculator Singapore
Calculate your monthly car loan repayment in Singapore. MAS limits car loans to 60–70% of OMV with a maximum 7-year tenure.
· Free · No sign-up required
How to use:① Enter your loan amount using the slider or type directly② Adjust the interest rate to match your bank's offer③ View your monthly repayment and full schedule instantly
Loan Details
Car Loan Amount
S$
S$10,000S$250,000
Interest Rate (Flat p.a.)
%
1%6%
Loan Tenure7 yrs
1 yr7 yrs
Your Estimate
Monthly Repayment
S$1,137.71
7 years · 84 monthly payments
Principal
S$80,000
Interest
S$15,568
Total RepaymentS$95,568.00
Total InterestS$15,568.00
Loan AmountS$80,000
Flat Rate2.78% p.a.
Effective Rate (EIR)5.31% p.a.
💡 Banks advertise flat rates. EIR is the true cost — always compare EIR across lenders.
💡
A 2.8% flat rate = 5.3% EIR. This is your true annual cost. Always compare EIR — not flat rate.
📋
Show this estimate to your bank or mortgage broker. Actual rates may vary based on your credit profile.
✅
Monthly repayment S$1,137.71 must be within 55% TDSR limit of your gross income (MAS rule).
About Car Loan Calculator Singapore
Car loans in Singapore are regulated by MAS. The loan quantum depends on the vehicle's Open Market Value (OMV): up to 70% for OMV ≤S$20,000 and up to 60% for OMV >S$20,000. Maximum tenure is 7 years. Major lenders include DBS, OCBC, UOB, Maybank, and specialist auto lenders.
Before you apply: Check your TDSR → and your max budget →
Car Loan Calculator Singapore — Frequently Asked Questions
Common questions about car loan calculator singapore in Singapore.