COE Car Loan Singapore — Simple, Fast & Flexible

Get approved for a COE renewal or car loan in as little as 48 hours, with instalments that actually fit your budget.

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COE car loan financing in Singapore with Accord Motoring

Our Car Loan Services

COE renewal loan icon COE Renewal Loan

Renewing your COE? Get financing that covers your renewal premium with flexible terms built around it.

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Used car loan icon Used Car Loan

Loans for used and second-hand vehicles, with rates that stay competitive even on older cars.

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Car loan refinancing icon Car Loan Refinancing

Already have a loan? Refinance with us and lower your monthly instalment.

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What Is Certificate of Entitlement (COE) & Prevailing Quota Premium (PQP)?

Certificate of Entitlement (COE) A Certificate of Entitlement (COE) gives you the right to own and use a vehicle in Singapore for 10 years.
Prevailing Quota Premium (PQP) When your COE expires, you can renew it by paying the Prevailing Quota Premium (PQP) — the average COE price from the previous three months for your vehicle category.

What’s a COE Renewal Loan?

A COE renewal loan helps you renew your car’s COE without paying the full premium upfront. This renewal cost is called the Prevailing Quota Premium (PQP). Instead of paying it in one go, you repay it through manageable monthly instalments. You’ll choose to renew your COE for either 5 or 10 years, which sets your loan tenure too. These loans can go up to 100% of the premium, subject to approval, so you may need little to no down payment.

How COE Renewal Financing Works

Choose to renew your COE for 5 or 10 years.
Apply for financing based on the applicable PQP amount.
Once approved, your COE is renewed and you repay the loan monthly.
5-Year Renewal For a 5-year renewal, you pay 50% of the applicable PQP.
10-Year Renewal For a 10-year renewal, you pay the full applicable PQP.

COE Renewal Loan Rates

From 2.38% p.a. — get your personalised rate in minutes.

Why Choose Accord Motor Enterprise

Fast Approval

Get a decision in as little as 48 hours, not days.

Flexible Financing

Choose your own tenure, with the option to make early repayments without penalty.

Competitive Rates

We compare your options so you’re not stuck with the first rate you’re offered.

Simple, Straightforward Process

No confusing paperwork — just a short application, a fast decision, and a clear offer.

How It Works

  1. EnquireTell us what you need financing for

  2. Get your quoteWe come back with your rate and tenure options

  3. Submit your documentsA short checklist, nothing complicated

  4. Approved & disbursedYour loan is settled and your financing begins

Calculate Your Car Loan Instalment

See your estimated monthly instalment in 30 seconds — free, no signup required.

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What Our Customers Say

Real feedback from our customers.

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Accord Motoring consultant explaining car loan options to a client

About Accord Motoring

Accord Motor Enterprise has been helping Singapore drivers finance their cars and COE renewals since 2008.

We operate as a loan agent, connecting you with financing rather than lending directly.

Frequently Asked Questions

Accord Motoring operates as a loan agent, connecting you with financing rather than lending directly — so a moneylender’s licence isn’t required for what we do.

On average, approvals take 1 ~ 3 working days.

Yes — COE renewal financing is one of our core services.

Our office is located at Enterprise Hub, 48 Toh Guan Road in Jurong East. We offer our services across Singapore and provide on-site as well.

New car loans, used car loans, COE renewal loans, and refinancing for an existing car loan.

Yes — see our dedicated refinancing page to check your eligibility and get a quote.

Yes — your application and documents can be submitted digitally. The only in-person step is a quick endorsement once your loan is confirmed.

Your maximum depends on your vehicle’s age and loan type — up to 70% of its value for vehicles under 10 years old, or up to 100% of the premium for a COE renewal. See our guide on maximum loan amounts for the full breakdown.

Yes — we finance new cars, used cars, and COE renewals.

Call or WhatsApp us, or fill in the enquiry form on this page — see the contact details below.

Ready to get started?

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  • Address

    48 Toh Guan Road East
    #01-151 Enterprise Hub
    Singapore 608586

  • Hours

    Monday – Friday: 9am – 7pm
    Saturday: 9am – 2pm
    Sunday & Public Holidays: Closed