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MAS Car Loan LTV Calculator

Estimate your borrowing limits and downpayment for a new or used car in 2026 Singapore.

Last updated: May 2026

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Reviewed by Anjali Mehta

Personal Finance Analyst

A seasoned financial journalist and analyst. Anjali focuses on making complex financial data accessible and ensuring our tools provide practical, real-world value to users. All mathematical models and regulatory data points have been verified for the current 2026 fiscal period.

Fact Checked| Accuracy Verified

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

  1. 1
    Open Market Value — Enter the car's OMV. This is usually listed on the dealer's spec sheet.
  2. 2
    Total Price — Input the full price including COE and GST.
  3. 3
    Calculate Downpayment — The calculator tells you exactly how much cash you need to bring to the showroom.

Formula & example

LTV Limit = 60% (OMV > 20k) or 70% (OMV ≤ 20k)

OMV= The core value of the vehicle as declared to Customs.
Tenure= Capped at 84 months.

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

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.

Use cases

Buying New

Compare different trims where one might have a higher OMV, changing your downpayment requirement.

Buying Used

Calculate the loan based on the current age and remaining tenure of the car.

Frequently asked questions

Does this include the TDSR?+

No. While LTV defines the car limit, your loan must also fit within your Total Debt Servicing Ratio (TDSR) limit of 55% of your income.

What is OMV?+

Open Market Value is the price paid for a vehicle, including freight and insurance, when it is imported into Singapore.

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