Renew your COE with an attractive rate of only 3.98%
Drive yourself a better deal today
(1600cc & below)
(1601cc & above)
I Want COE Renewal Loan
Category A (1600cc & below): $51,641
Category B (1601cc & above): $56,053
Attractive Interest Rates
Our car loans feature competitive rates, low monthly payments, and convenient payment options that make a car loan with Carro a smart choice.
Fast and Speedy Approval
We guarantee to process your application within two business days. You will be updated every step along the way throughout loan process.
Expert Help on Demand
We know it is not easy to renew the COE loan yourself, you can count on our Loan Experts to guide you the entire process.
Frequently Asked Questions
Q1: What do I have to do for a loan application?
There are only 4 simple steps for your loan application.
1. Sign the loan application form and submit your income documents.
2. Send in the application of your new insurance policy.
3. Upon loan approval, arrange the COE renewal process and sign the original loan documents.
4. The COE renewal process will take around 3-5 working days. The vehicle ownership will be transferred to the loan provision agent first. Then, vehicle COE should be renewed by the loan agent and finally, the subsequent ownership will be transferred back to the hirer.
Q2: How much does it cost to process my loan?
The fee that will be charged upon your loan processing is $300.
Q3: What do I have to prepare for my loan application?
Our Car Heroes would need 4 of the following from you to proceed with the application.
1. Most Recent 2 Year Income Tax Notice Of Assessment (NOA)
2. NRIC Copy (Front and Back)
3. PARF Details of the Vehicle (Retrievable from https://www.onemotoring.com.sg)
4. CPF Statement for the last 12 months