Balloon Scheme Financing
If a hefty upfront car loan payment isn’t feasible for you, consider our Balloon Scheme Loan, which allows you to start with a smaller amount and lower monthly instalments.
Simply call us at 6775 6888 or email us at [email protected] and our friendly loans specialists will assist you.
Balloon Financing Car Loan Rates
INTEREST RATE
3.98%
TENURE
1 to 7 YEARS
Financing Request
Important: Please read before submitting
- I undertake to provide Ricardo Financial Services (“Ricardo”) with documents in such form satisfactory to you that you may reasonably require for the purpose of this application, including where applicable to Ricardo, documents evidencing the date of the agreement to purchase/hire the vehicle, or actual Open Market Value (OMV) or the original registration date and the first registration date of the vehicle.
- I authorise you to obtain and verify any information about me from any source and I consent to your disclosure to any third party, my personal data, this application, my account, credit facilities and affairs, you reasonably consider necessary for the purpose of this application. I agree that this includes you conducting checks on me with credit bureau, financial institutions and credit/charge card issuers, government bodies and/or my employer(s).
- I am the borrower of the loan and shall only use the loan for legal purposes.
- I confirm that the information provided is true, complete and accurate. I shall immediately inform Ricardo if any of the information changes.
- I agree to the terms and conditions set by Ricardo.
Loan Procedure
Step 1
Click on “Submit Enquiry” to fill up a simple Car Loan Form
We will then send you a link via email for you to furnish your details.
Step 2
Submit Documents
Next, upload the necessary documents online or fax them to us at +65 6475 4666.
Once we’ve received the necessary documents from you, we will proceed with your application.
Step 3
Notification
You will then be notified via a call or SMS regarding the status of your application.
Required Documents
- Loan Application Form (With complete information & signed by Applicant)
- Copy Of NRIC (Front & Back)
- Income Documents
- Last 2 years Notices Of Assessment
- Latest 12 Months CPF Contribution Statement, OR
- Latest 3 Months Computerized Payslips
- Sales & Purchase Agreement of Purchased Vehicle
- Copy of Enquire PARF / COE Rebate for Registered Vehicle
- Loan Application Form (With complete information & signed by Guarantor)
- Copy Of NRIC (Front & Back)
- Income Documents (Any of the following)
- Last 2 years Notices Of Assessment
- Latest 12 Months CPF Contribution Statement, OR
- Latest 3 Months Computerised Payslips
- Vehicle Log Card / Acknowledgement
- Copy Of NRIC (Front & Back)
- Authorization Form To Check Full Settlement (If Vehicle is still under Financing)
