1.48-2.38 per cent

Simply Her (Singapore) - - SmartShopper -

Th­ese are the cur­rent car loan in­ter­est rates, but they can fluc­tu­ate. Last year, most banks of­fered 1.88 per cent in­ter­est, but have since ad­justed it up­wards. Cur­rently, Citibank’s Citi Di­rect Car Loan has the low­est rate (1.48-1.88 per cent, depend­ing on the loan ten­ure), but it is not of­fered by most car deal­ers, who work with their panel of pre­ferred bank part­ners. You can take up a loan from a bank that is not on the panel, but you won’t get the re­bate (from $1,000) that most deal­ers of­fer. It also means do­ing your own pa­per­work for the loan.

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