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Car Loan Calculator Singapore (MAS Limits)
Free Singapore car loan calculator: the MAS loan limit (70% if OMV is S$20,000 or less, 60% above), the minimum down payment, monthly instalment on a flat rate, total interest and the real rate (EIR), up to 7 years.
Your car
Monthly instalment
S$1,326.86
| Maximum loan (MAS) | S$96,000 (60% of price) |
| Your loan | S$96,000 |
| Minimum down payment | S$64,000 |
| Your down payment | S$64,000 |
| Total interest | S$15,456 |
| Real yearly rate (EIR) | 4.42% |
| OMV up to S$20,000 | loan up to 70% of the price |
| OMV above S$20,000 | loan up to 60% of the price |
| Longest loan | 7 years |
Car loans are quoted as a flat rate: interest on the full amount for the whole term, so the real rate (EIR) is almost double.
Rules last checked October 2026. Not legal, tax or financial advice. 🔒 Everything stays on your device.
✅ Rules last checked:
📚 Official sources: MOT: vehicle loan rules
We build every tool from the official rules and re-check them when they change. Always confirm with the official source before you rely on a result.
🛠️ Spotted a mistake or an out-of-date rule? Tell us
Questions people ask
How much can I borrow for a car in Singapore?+
Up to 70% of the price if the OMV is S$20,000 or less, and 60% if it's higher. The longest loan is 7 years.
Why is the EIR higher than the flat rate?+
A flat rate charges interest on the full loan for the whole term even as you repay it, so the real rate is almost double.