We make renewing your COE an easy process.

Once we receive your documents, approval typically takes within 24 hours. We handle all LTA paperwork and bank submissions — you just keep driving.

No. COE renewal loans don't require any downpayment — you can finance 100% of the PQP amount. This is one of the key advantages over buying a new car, which requires 30-40% upfront.

We'll need your IC (front and back), car plate number, Vehicle Access Code from LTA, CPF contribution history (last 15 months), and your last 2 years' NOA. We'll guide you through everything step by step.

5-year renewal costs half the PQP and matches a 5-year loan. 10-year renewal costs the full PQP but gives you longer ownership — the loan maxes out at 7 years. Use the calculator above to compare monthly payments for your situation.

You can always scrap or deregister later — LTA refunds the unused portion of your COE. This gives you flexibility: renew now to lock in the rate, and decide later if you want to keep driving or exit.

Zero admin fees. We earn commission from the bank, so our service is completely free to you. You also get complimentary car detailing after completion.