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Auto Loan
Frequently Asked Questions
- How do I know if my car loan should be signed under Common Law or Hire Purchase Act agreement?
If the car price (exclude COE) <= S$55,000, the terms and conditions of your loan are governed under Hire Purchase Act. If the car price (exclude COE) >S$55,000, the terms and conditions are governed under Common Law.
- Upon early redemption, how is the interest rebate computed?
Interest rebate is computed based on "Rule of 78" less 20%. Please refer to Consumer Tips for more details.
- Is partial redemption allowed with the Fixed Rate Flat Add-On loan scheme?
No, partial redemption is not allowed. |
DBS Singapore | DBS Healthcare Privileges |
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