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Forum Cars I need to renew coe for 5yr

Forum Cars I need to renew coe for 5yr

Forum Cars I need to renew c...

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  • #1323
  • #1432
    HM
    Haidi Moklas
    Participant

    Posts: 1

    Joined: Jun 16, 2016

    Beginner

    Which bank can give me better rate

  • #1710
    PL
    Peter Lin
    Participant

    Posts: 13

    Joined: Dec 10, 2014

    Expert

    Hi Haidi,

    Unfortunately, you cannot take a car loan to renew COE. One option you have is to take out a personal loan, as you can loan up to 4X your monthly salary. However, do note that the interest rates will be higher as it is an unsecured loan.

    Hope this helps!

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