MAS Car Loan LTV Calculator
Estimate your borrowing limits and downpayment for a new or used car in 2026 Singapore.
The MAS Car Loan Rules
The Monetary Authority of Singapore (MAS) regulates how much you can borrow to purchase a motor vehicle.
The **Loan-to-Value (LTV)** limit depends on the car's **Open Market Value (OMV)**:
- OMV ≤ S$20,000: Max Loan is 70% of price.
- OMV > S$20,000: Max Loan is 60% of price.
The maximum loan tenure for any motor vehicle loan is fixed at 7 years.
How to Use This Calculator
- Open Market Value - Enter the car's OMV. This is usually listed on the dealer's spec sheet.
- Total Price - Input the full price including COE and GST.
- Calculate Downpayment - The calculator tells you exactly how much cash you need to bring to the showroom.
Calculation Formula & Example
The Formula
LTV Limit = 60% (OMV > 20k) or 70% (OMV ≤ 20k)
Where:
- OMV = The core value of the vehicle as declared to Customs.
- Tenure = Capped at 84 months.
Example Calculation
For a car costing S$180,000 with an OMV of S$35,000:
Max Loan (60%) = S$108,000.
Min Downpayment = S$72,000.
Benefits of Using This Calculator
- Avoid Over-Borrowing - Stay within MAS limits to ensure your loan application is approved by the bank.
- Budgeting Accuracy - Know exactly how much cash liquidity you need before putting down a deposit.
- Monthly P&I Estimate - Get a quick look at your monthly commitment based on standard interest rates.
Calculator Use Cases
Compare different trims where one might have a higher OMV, changing your downpayment requirement.
Calculate the loan based on the current age and remaining tenure of the car.
Frequently Asked Questions
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