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 OneShift?

  •    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

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Call our Experts at 6533 5878

Mon to Fri 10am - 6pm

COE Prevailing Quota Premium (PQP)

2019 November Renewal 2019 December Renewal
Cat A: $32,416 $31,976
Cat B: $39,129 $39,313
Cat C: $26,312 $25,564

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 $15,988 $31,976 $19,657 $39,313
Max. Loan Term 5 7 5 7
Monthly Installment $307 $461 $377 $566
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