MAS Eases Rules on Motor Vehicle Financing

[rickosw]

http://www.mas.gov.sg/News-and-Publications/Media-Releases/2016/MAS-Eases-Rules-on-Motor-Vehicle-Financing.aspx

 

 

Open Market Value
of motor vehicle

Maximum LTV* Maximum loan tenure

 Less than or equal to $20,000

 70% (previously 60%)

 7 years
(previously 5 years)

 More than $20,000

 60% (previously 50%

 

[Jman888]

post here.

 

 

http://www.mycarforum.com/topic/2695125-mas-to-revoke-loan-curb-soon/page-8?do=findComment&comment=5833145