COE Renewal Loans

Compare the best COE renewal financing rates from Singapore’s top banks and finance companies

COE PRICES
Cat A (≤1600cc): $123,010Cat B (>1600cc): $121,001Cat C (Goods/Bus): $83,501Cat D (Motorcycle): $9,290Cat E (Open): $125,002Cat A (≤1600cc): $123,010Cat B (>1600cc): $121,001Cat C (Goods/Bus): $83,501Cat D (Motorcycle): $9,290Cat E (Open): $125,002
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Why Finance Your COE Renewal?

With COE prices exceeding $100,000 for private cars, most vehicle owners choose to finance their COE renewal through a bank loan. Financing allows you to spread the cost over several years, making it more manageable. COEPLUS helps you find the best loan rates from our network of 15+ partner banks and finance companies — completely free of charge.

 

 

How COE Renewal Loans Work

A COE renewal loan is similar to a car loan. You borrow a percentage of the COE renewal cost (typically 50-70%) and repay it in monthly instalments over 1-7 years. The interest rate is typically between 1.5% to 5% per annum, depending on the bank and your credit profile.

Key Features

  • Loan amount: Up to 70% of COE renewal cost
  • Loan tenure: 1 to 7 years
  • Interest rates: From 1.5% p.a. (subject to bank approval)
  • No early repayment penalty (with most banks)
  • Fast approval: Typically within 1-3 business days

 

COE Renewal Calculator

Estimate your renewal cost & monthly repayments

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Current PQP (Cat A): S$119,432

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