Documents Needed for a Car Loan in Singapore
Having the right documents ready before you apply means faster approval and fewer back-and-forths. Lenders use these to verify who you are, confirm your income can support the loan, and check you’re able to keep up with repayments — here’s exactly what you’ll need, and why.
Documents Required, by Applicant Type
Open the category that applies to you to see your full checklist.
NRIC (front and back) — confirms your identity and residency status
Last 12 months of CPF history — verifies your employment history
Latest Notice of Assessment (NOA) — verifies your annual income with IRAS
Proof of address (if different from NRIC) — needed if your NRIC address isn’t current
Employment letter (if requested) — confirms you’re currently employed, sometimes needed if your payslips don’t show a start date
Vehicle Sales Agreement
Vehicle Number and Access Code (log card)
- NRIC (front and back)
- Notice of Assessment for the last 2 years — self-employed income can vary year to year, so lenders typically ask for a longer track record
- CPF contribution statements (if applicable) — used as secondary proof of consistent income
- ACRA business registration (if applicable) — confirms your business is legitimately registered
- Vehicle Sales Agreement
- Vehicle Number and Access Code (log card)
- ACRA business profile — confirms your company’s registration and good standing
Latest 3 months’ company bank statements — shows your company’s cash flow and financial standing- Director’s NRIC (front and back) — confirms the guarantor’s identity
- Director’s Notice of Assessment for the last 2 years — a director’s income can vary year to year, so lenders typically ask for a longer track record
- Director’s CPF contribution statements — used as secondary proof of consistent income
- Vehicle sales agreement
- Vehicle registration number and logcard access code
As the applicant, the company director is required to act as guarantor for the loan.
Additional Documents for COE Renewal Loans
If you’re renewing your COE, you may also need your COE renewal notice, if you’ve already received it.
Documents by Loan Type
Requirements can vary slightly depending on what you’re financing, on top of the standard checklist above.
| Loan type | Extra documents typically needed |
|---|---|
| New car loan | Booking form / sales agreement from the dealer |
| Used car loan | Current logcard, Vehicle No. Access Code |
| COE renewal loan | Current logcard, Vehicle No. Access Code |
| Refinancing | Your existing loan statement / outstanding balance letter |
Common Reasons Applications Get Delayed
- Documents that have expired or are close to expiring
- Payslips older than 3 months
- A name or address that doesn’t match exactly across documents
- Blurry or cropped scans and photos
- Missing pages — e.g. only page 1 of a 2-page NOA
- Additional documents required
Common Reasons Applications Are Rejected
- Income criteria not met
- Under workfare scheme
- Bankruptcy
- Poor credit score
Additional Reasons for Company Applicants
- Company has foreign ownership
- Duplicate applications — only one application is accepted per applicant at a time
Tips to Speed Up Your Application
Have soft copies of every document ready before you start
Make sure payslips are recent (within the last 3 months)
Double-check that names match exactly across all documents
Scan or photograph documents in good lighting, with all four corners visible
Keep a backup form of income proof (e.g. a CPF statement) ready in case your primary one is queried
Frequently Asked Questions
You’ll be required to have a guarantor only upon the financer’s request. For company loans, the company director is required to be the guarantor.
The income assessment of our process would take only into account CPF & NOA.
Foreigners aren’t eligible to apply. Permanent Residents are considered on a case-by-case basis.
Your application documents are valid for 14 calendar days for used car and COE renewal applications, or 1 month for new vehicle applications.
Yes, we accept digital copies for your application. Once your loan is confirmed, you’ll need to come in person for endorsement.
We accept personal bank statements covering the last 6 months to a year instead, along with proof of employment such as an employment contract.
Yes — whenever a guarantor is required (as with the company director in the checklist above), they’ll need to provide the same kind of supporting documents: NRIC, Notice of Assessment and CPF statements.
Yes — if you’re looking to move your loan over entirely, that’s what refinancing is for. See our refinancing page for details.
You’ll need to provide proof of your increment (such as a letter from your employer) so we can submit an appeal on your behalf.
No — there’s no charge for document verification.
Ready to Apply?
Once your documents are ready, applying only takes a few minutes.