Notices
 Last Revised Date: 05 May 2020

Notice 829 Motor Vehicle Loans

Rules finance companies must follow when granting motor vehicle loans to individuals.

Issued pursuant to:

Finance Companies Act (Cap. 108) section 30

Applies to: Finance Company
View Notice Notice 829 Motor Vehicle Loans (301.2 KB)

This notice applies to all finance companies in Singapore. It sets out the conditions governing motor vehicle loans, including:

  • Total credit facilities of the borrower.
  • Tenure of loan.
  • Contributions from purchaser or hirer.
  • Verifications to be conducted by banks.
  • Agreements and types of vehicles excluded from these conditions.

See explainer: Rules for Motor Vehicle Loans

Amendment Notes

06 May 2020
 MAS Notice 829 (Amendment) 2020 (306.6 KB) takes effect.
27 May 2016
 MAS Notice 829 (Amendment) 2016 (109.4 KB) takes effect.

06 Apr 2013
MAS Notice 829 (Amendment 2) 2013 takes effect.
08 Mar 2013
MAS Notice 829 (Amendment) 2013 takes effect.