With Singapore’s high car prices the decision to own a car with a renewed COE (COE Car) makes great financial sense as the cost and depreciation is typically lower when compared to a new car. With advances in car technologies, cars are now more reliable than before and are expected to last over 10 years. MoneyMax’s COE Renewal Loan are designed to help you own a COE car with a renewed COE with minimal fuss.

You may apply for a loan tenor for up to seven years.

We will be able to provide 100% PQP for your COE renewal loan.

You must be between 21 and 65 years of age with a minimum annual income of

  • $30,000 for salaried and self-employed Singapore Citizens and Permanent Residents
  • Photocopy of identity card / passport
  • Vehicle Log Card (LTA)
  • Latest Income Documents
    • CPF Statement for the last 12 months, or
    • Income Tax Notice of Assessment for last 1 year, or
    • Payslip for last 3 months

Submit your details via the following links:

  • Contact us at +65 6280 0808
  • For a 5 years COE renewal, your car must be de-registered at the end of the 5th year period.
  • For a 10 years renewal, your car is eligible for subsequent COE renewals.