Greater convenience to own the car of your choice.

Additional Features

Transparent Fees and Terms

Our fees and terms are transparent. No hidden costs and unpleasant surprises.

Pay your Bills Easily with Any of the Following Payment Channels
  • GIRO
    Enjoy the convenience of paying your bills through automatic GIRO deductions. To apply, simply mail the completed GIRO form to us.

  • AXS stations
    Pay by NETS at AXS stations located island wide.

  • Self-service Automated Machine (S.A.M.)
    Pay by NETS at any SingPost Self-service Automated Machines (S.A.M.).

  • Cheque
    Write your Hire Purchase Agreement Number, NRIC and contact number on the reverse side of the cheque. Cheques should be crossed and made payable to your repayment account. You may deposit the cheque at any Standard Chartered Bank Branch located island wide.

  • Standard Chartered Online Banking
    Enjoy the convenience of paying your bills anytime, anywhere, through our award-winning online banking platform.

  • Cash payment at Cash Deposit Machines
    Deposit cash at the Cash Deposit Machines located at Standard Chartered branches island wide.

Early Completion

Please visit any of the following locations if you wish to effect early completion of the purchase of the goods or the termination of the hiring of the goods before the expiration of the hire period:

Location Payment Mode Payment Time Processing Time
Any SCB branch (Find an SCB branch near you) Cashier's Order, Cheque, Cash or Debiting to repayment account 9am to 5pm Within next business day
Standard Chartered @ Changi,
7 Changi Business Park Crescent,
Level 1 (Mailing Room),
Singapore 486028
Cashier's Order 9am to 2pm (Mon-Fri, excluding weekends and public holidays) Within same day

If you would like to request for an early full settlement quote, please download the form below and fax to 6223 9158:

•    Early full settlement form (for customers)
•    Early full settlement form (for car dealers)

Requests for early full settlement quotes will be processed during our operating hours (Mon-Fri 9am-5pm, and closed on public holidays), and quotations will be mailed to you within 2 business days.

If you have any questions, please call our hotline at 1800 747 7000.

Fees and Charges

Fees & Charges
Late payment fee $60 will be charged for each late payment
Late payment interest 12% per annum on the overdue amount on a monthly basis
Early completion fee 20% of outstanding interest + 1% of balance payable
Issuance of Schedule

4th Schedule - Notice of Intention to Repossess
5th Schedule - Notice of Repossession
$10.70 (including GST) per schedule
Photocopy of hire purchase agreement or log card $53.50 (including GST)

Other Fees/Charges
Please note that fees and charges may be levied for other services provided by us, such as change of number plates.


Loan Calculator
New car Pre-owned car
Calculate Reset

How to Apply

    Documents Required
    1. Identification documents
      • Singapore Citizen / Permanent Resident:
        • Copy of NRIC (front and back) OR
        • Copy of Passport (for Singapore Permanent Residents)
      • Foreigners:
        • Copy of Passport
        • Copy of Employment Pass
        • Any of the following documents:
          • Latest Utility bills (electricity, water, refuse collection), rates or tax bills
          • Latest Bank or Credit Card statements (including e-statement)
          • Copy of Rental Agreements showing your address
          • Latest Mobile phone statements / pay TV statements
          • Letter from Employer stating current address
          • Government issued documents stating address (e.g. IRAS, CPF, ICA)
    2. Income documents
      • Copy of latest Income Tax Notice of Assessment (2 years for Self-employed); or
      • Copy of latest 1 month computerised payslip from current employer; or
      • Copy of latest 12 month CPF Contribution Statement
    1. Sale and purchase agreements
    2. Vehicle registration card / Log card
    3. Application for Hire Purchase
    • Please complete and sign this form. You can also do this at your car dealer.


    • How much financing should I apply for?

      The amount of financing you need or should apply for depends on your personal circumstances. If you take up 70% (depending on the Open Market Value of the car) financing, you will not have to find as much cash in the short term. However, in the long run, you will pay more money for your vehicle than if you had taken a smaller Amount Financed. You also pay more interest the longer the hire period

    • How is interest charged?

      The market practice is typically to charge what is known as a "flat" or "applied" interest rate. In calculating the amount of interest payable in flat interest rate calculations, it is assumed that the Amount Financed is constant throughout the hire period.

      An example of flat interest rate calculation:

      • Amount financed = $50,000
      • Flat/applied interest rate = 3.5%
      • Hire period = 5 years (60 months)
      • Total interest = 3.5% x $50,000 x 5 years = $8,750
      • Rental charges / monthly instalment = $(50,000 + 8,750) / 60 months = $979.17

      In reality, the Amount Financed reduces over time. Because this is not taken into account, the "effective" interest rate is in fact higher than the flat rate. In the above example, the effective interest rate is in fact 6.54%.

    • I would like to buy a car. Where do I begin?

      You can start by visiting car dealers and checking out the makes and models available. It is also important to read motoring magazines and car reviews on the Internet. You should also consider your transportation needs, calculate the additional costs that come with owning a car (such as fuel, parking and ERP charges), and decide on what you are able to afford for your car expenses.

      Measure up these considerations against the car's characteristics such as fuel consumption, luggage space, acceleration, and most importantly of course, the price.

      Suggested online resources:

Learn more »

Call Us

Call our hotline for further information.

1800 747 7000

Contact Me

Alternatively, please complete our contact form and we will be in touch as soon as possible.

Contact Me »

Locate Us

Visit the branch that is nearest to you.
Selected branches are open on Sunday to serve you better.

Find a Branch »

You might also be interested in


Borrow up to 4x your monthly salary with Standard Chartered's CashOne loan.

More details »

This instalment loan enables you to borrow up to $200,000 or 4x your monthly income.

More details »
Back to Top

Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.


Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.