Low-Interest Car Loans for Used Cars

Just 1 day to get financing for your pre-owned cars

Enjoy the most flexible financing options for used cars in Singapore. Get same day loan approval and full paperwork settlement today!

From 3.98%

Interest rate

1 Day

Loan approval

Up to 7 years

Loan tenure

Documents required: ID, Salary Proof, Sales & Purchase Agreement

Apply now

Why Choose Us?

Best used car financing options in Singapore

$350m+ in loans underwritten

Member of Hire Purchase Association, Finance and Leasing Association of Singapore

25+ year of industry experience

Flexible car loan options

Frequently Asked Questions

Q1: How long does it take to get a second-hand car loan from CARRO?

Getting a used car loan in Singapore can take days. But with our sister company, Genie Financial Services, it can be approved in just 1 day!

If you decide to get your loan from our financial partners, loan approval will take about 2 – 3 days.

Q2: Who are your partnering banks?

We are currently working with several partners such as DBS, OCBC and Maybank to bring a whole range of loan services to our customers. These include loans for pre-owned cars, new cars, COE renewal and more.

Q3: What do I have to prepare for my loan application?

Loan Application Form (Information of Hirer + Employment Details + Signature)
Copy of NRIC (Front & Back)
Income Documents
1. Last 2 years Notices of Assessment
2. Latest 12 Months CPF Contribution Statement or 3 month Bank Statement if self-employed
Copy of Enquire PARF/COE Rebate for Registered Vehicle
An additional Vehicle Sales Agreement

Q4: What do I have to do for my loan application?

Fill out a simple form with your details.
Submit all required documents via email to loans@genie.sg or fax it to +65 6715 1519
After submitting your documents, it will only take 1 day to have your loan approved. Our team of experienced financing experts will then facilitate the entire process and handle all the paperwork for you!

Q5: How much does it cost to process my loan?

The processing fee for your loan application is between $350 to $400.

More FAQs

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Low-Interest Car Loans for Used Cars

Just 1 day to get financing for your pre-owned cars