Re-finance?

[So_nice]

any bros here doing re-finance for coe cars? or got any lobang? pls advise. thanks!

[Hiphiphoray]

With the exisitng rule 78 on all loans, still got such thing as re-finance mei ?

[So_nice]

no meh?

[So_nice]

if haf, say haf lor. if dun haf say dun haf lor. i not

[Spinworkx]

Last time Citibank still got...

Today i just called them...i also want to refinance...but they say they don't do liao :(

[Hiphiphoray]

Just spend some time reading this.....U will know what i mean.

 

http://www.mycarforum.com/forum/General_C1...%21%21_P1852668

[Mikevpower]

Any bank in singapore offer Car Refinance

[Kyojin]

unfortunately, the answer is no. even if you want a loan for COE car, almost all banks will say no.

 

usually they will only loan up to 12-14 years old. anything after that becomes very high risk for them, same for insurance. to them, it's like an unsecured loan.

 

that is why many people who buy COE cars get "trapped" in in-house loans with bad interest rates and rule of 78 does not apply here.

[So_nice]

lolz bro old topic le.

 

i know one lah. old car most finance company not willing. same even for insurance! KNN..

[Weekoh]

Haha, I did manage to get a car loan approved by a bank for my 16 years old starlet. However, they require at least a TPFT insurance.

 

You can try Maybank for the loan, and AXA for TPFT insurance.