Car Loan Calculator

Based on MAS rules: max loan-to-value is 70% of purchase price if OMV ≤ $20,000, or 60% if OMV > $20,000, with bank loans capped at a 7-year tenure. *Tenures of 8–10 years aren't standard MAS-regulated bank car loans — they'd only come from private/non-bank financing, so treat those figures as illustrative, not a bank quote. Most banks quote a flat interest rate, so total interest = loan × rate × years. CPF cannot be used for car financing — downpayment must be cash or bank funds. Actual bank valuation, approval, and rate depend on your income and credit profile — treat this as an estimate, not an offer.