Motor Financing
Finance Your Dream Vehicles
XL Motor Financing aims to help customers to fulfil their business needs to take their business to the next level.
Solutions
We are able to provide you motor financing solutions in:
Brand New Commercial Vehicle & Private Car Purchase
Used Commercial Vehicle & Private Car Purchase
Certificate of Entitlement (COE) Financing.
Car Loan Application
Eligibility
- 18 years old and above*
- Singaporean and Singapore PR
- Foreigner (a local guarantor is required)*
Document Required
(For Car Or Commercial Vehicle Loan Application)
Company Application
1. A copy of company ACRA
2. Front and back copies of company director or sole proprietor NRIC
3. Income documents
– Latest 2 years Income Tax Notice of Assessment or
– Latest 3 months of Company Bank Statement
4. Complete application form
Individual Application (Self Employed & Salaried Employee)
1. Front and back copies of NRIC
2. Income documents
– Latest 3 months of computerised payslip or
– Latest 2 years Income Tax Notice of Assessment or
– Latest 12 months CPF Contribution History
3. Complete application form
4. Passport, Proof of Residence and Work Permit with validity date 6 months before expiry date (for foreigners only)
Procedure
(For Car Or Commercial Vehicle Loan Application)
Car or commercial vehicle loan submission to Hire Purchase Department. Application can be submitted over counter or via email admin@xlmotor.com.sg
Car or commercial vehicle loan application processed by Credit Loan Team.
Loan application result promise to be delivered by next business day**
**In-house loan application only.
