GET THE BEST COE RENEWAL LOAN FROM 1.88%

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Renew in 3 Steps

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Expert guide from Start to Finish

1 to 3 Working Days Approval & Renewal

Why Us?

  •    We work with only Best MAS Regulated Banks and Financial Institutions in Singapore

  •    No rude shocks and painful penalties on missed payments, early settlements, etc.

  •    Quick Approval - Guided process from Start to Finish with our expert team

Frequently Asked Questions

  • How much does it cost to renew my COE?

    The cost of COE renewal is based on the Prevailing Quota Premium (PQP) from last month 2nd bidding result. For example it you intend to renew in May 2018, the cost will be based on May 2018 Renewal PQP results. PQP is a moving average of the Quota Premium (QP) over the last 3 months.

  • What do I need to get ready for the COE Loan application?

    1. NRIC
    2. SingPass account
    3. CPF Statement for the last 6 months or 1 Years Income Tax Notice Of Assessment (NOA)

  • What are the next steps after I submit the Form?

    1. Our team will email you the necessary forms and instructions for you to fill up, along with more detailed inner-workings of the renewal process.
    2. Typically with all documents in order, the loan approval period takes 1 to 3 working days and renewal can be done on the same day on approval.
    3. Status updates and experienced help will be available through out the process.

  • What is the longest COE Loan Repayment Term I can take?

    For a 5 year COE renewal, the maximum loan repayment term is 5 years.
    For a 10 year COE renewal, the maximum loan repayment term is 7 years.

  • When is the best time to renew my COE before the current one expires?

    You should renew COE at least 2 week before the current one expires. Allow 3 to 5 working days for the renewal process to complete.

  • What happens if my current COE has already expired?

    You can still renew COE as long as your current one does not exceed 1 month from the date of expiry at a late payment fee from $50-$250 depending on engine capacity. For more information please go to the official source of information here:
    https://www.onemotoring.com.sg/content/onemotoring/en/lta_information_guidelines/maintain_vehicle/coe1.html

  • Is there anything to lose from renewing my COE?

    When you choose to renew your COE, you will lose the benefit of getting your car's PARF rebate. The annual cost of ownership is (Final PARF Rebate forfeited + Renewed COE PQP) / number of years. A 5 year COE renewed Toyota Corrolla Altis is estimated at $4,200 per year which is really an affordable way to own a car.

Testimonials

What our customers are saying about us

Pleasantly surprised how smooth the process took. Alex is a joy to work with. I got my COE loan renewed within a week.
Tan Eu Gin

The Oneshift team is knowledgeable and was able to advise on the renewal procedure in a simple way that I can understand! Thumbs up
Evelyn Lim

Thanks for Charlie for advising me on the monthly loan breakdown amount and repayment periods. The low interest rate helps! Will recommend to friends.
James Lee

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Call our Experts at 6533 5878

Mon to Fri 10am - 6pm

Start Now!


Call our Experts at 6533 5878

Mon to Fri 10am - 6pm

COE Prevailing Quota Premium (PQP)

2020 September Renewal 2020 October Renewal
Cat A: $33,140 $35,200
Cat B: $34,935 $38,216
Cat C: $23,950 $25,455

Browse Full COE Price History

COE Renewal Loan Singapore Detail

Cat A 5 years Cat A 10 years Cat B 5 years Cat B 10 years
Loan Amount $17,600 $35,200 $19,108 $38,216
Max. Loan Term 5 7 5 7
Monthly Installment $338 $507 $366 $550
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Up to 100% Financing on your COE Renewal Loan

Here at SwiftQuote by Carousell, we offer you the best COE renewal bank loans for your trusty 10-year-old car. We are linked to 15 of Singapore’s top banks and financial institutions, such as United Overseas Bank, Hong Leong Finance, and Tokyo Century Leasing; bringing you the best loan coverage, and the lowest bank interest rates possible.

Carry on driving your car, as we provide unbiased advice on the pros and cons of renewing your COE for both 5 and 10 years, and will walk you through the costs involved, based on the latest prevailing quota premium (PQP) and bank interest rates. We will even advise if you should go ahead with your COE renewal in the first place!

Have peace-of-mind with our transparency, and enjoy the convenience of not needing to queue at LTA, or jumping through hoops in OneMotoring. Allow us to help instead!