GET THE BEST COE RENEWAL LOAN FROM 1.88%We work with only Best MAS Regulated Banks & Financial Institutions
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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.
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.
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.
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
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.
All in all, I am very happy to engage Swiftquote for my car loan matters. Two thumbs up for Joann's services. Will not hesitate to refer Joann to my friends and relatives in the future.
Marvin Chan
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
2021 March Renewal | 2021 April Renewal | |
Category A: | $41,397 | $42,283 |
Category B: | $47,701 | $47,316 |
Category C: | $38,480 | $39,982 |
Cat A 5 years | Cat A 10 years | Cat B 5 years | Cat B 10 years | |
---|---|---|---|---|
Loan Amount | $21,142 | $42,283 | $23,658 | $47,316 |
Max. Loan Term | 5 | 7 | 5 | 7 |
Monthly Installment | $405 | $609 | $454 | $681 |
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