Last reviewed: June 2026
Renew your COE without emptying your savings.
COE prices are high and rising. As a loan broker, we help Singapore vehicle owners compare suitable renewal financing options quickly — so you keep your car without the paperwork headache.
Cat A, B, C
All COE categories
Up to 100%
Matched lender financing
Same day
Typical broker response
12–60 mo
Repayment terms
What is COE renewal and why finance it?
Every vehicle in Singapore has a 10-year Certificate of Entitlement (COE). When it expires, you pay the Prevailing Quota Premium (PQP) to keep the vehicle for another 5 or 10 years.
With COE prices regularly exceeding $90,000 for Category A, paying upfront is not always practical. A COE loan lets you spread that cost over monthly instalments — often at a lower effective rate than touching your savings or investments.
CoeLoans helps you structure the enquiry, gather the right documents, and compare matched lender options before you decide how to proceed.
Singapore citizen or PR
NRIC required. Employment pass holders may be assessed case by case.
Vehicle in your name
The vehicle must be registered to you or a related business entity.
COE expiry within 3 months
We process renewals from 3 months before the expiry date.
Proof of income
Last 3 months payslips or CPF statement. Self-employed applicants may use NOA.
Not sure if you qualify? WhatsApp or call us for a no-obligation chat. We broker COE loan enquiries from our office at 45 Jln Pemimpin, #01-03A Foo Wah Industrial Building, Singapore 577197 and will explain the next steps clearly before any lender discussion moves forward.
Which category is your vehicle?
Category A
Cars up to 1,600cc & 97kW. Most common private cars.
Category B
Cars above 1,600cc or 97kW. Larger engine vehicles.
Category C
Goods vehicles & buses. Lorries, vans, and commercial fleets.
We finance all three categories. Contact us if you are unsure which applies to your vehicle.
Recent COE Prevailing Quota Premium (PQP)
The PQP is the 3-month moving average of successful COE bids and sets the benchmark for renewal financing. Source: LTA COE Results.
| Period | Cat A (≤1600cc) | Cat B (>1600cc) | Cat C (Commercial) |
|---|---|---|---|
| Q1 2026 (latest) | $97,000 | $110,000 | $68,000 |
| Q4 2025 | $95,500 | $108,500 | $66,500 |
| Q3 2025 | $93,000 | $106,000 | $65,000 |
| Q2 2025 | $91,500 | $104,500 | $63,500 |
| Q1 2025 | $89,000 | $102,000 | $62,000 |
PQP figures are indicative estimates based on publicly available LTA data. Actual renewal cost depends on your vehicle category and the PQP at the time of renewal. Verify the current PQP on OneMotoring before applying.
- NRIC or relevant identity document
- Vehicle log card or ownership details
- Proof of income such as payslips, CPF, or NOA
- COE expiry date and any relevant renewal timeline
- Send your enquiry and initial details
- Receive a same-day broker response in many cases
- Review the quote and compare your matched options
- Proceed with the lender only after you are satisfied with the terms
These are illustrative comparison values, not quote promises. They show why borrowers should compare the structure of the repayment plan, not just the first monthly figure they see.
| Scenario | Example context | Illustrative structure | Why a borrower might choose it | What to verify before proceeding |
|---|---|---|---|---|
| Cat A renewal with lower total repayment focus | Example values: S$97,000 renewal cost and a borrower who can tolerate a higher monthly commitment. | 36-month structure, about S$2,950 per month, total scheduled repayment about S$106,200. | Useful when the borrower wants the facility cleared sooner and is comfortable with the higher monthly outflow. | Check disclosed charges, early settlement handling, and whether the payment still feels safe if income tightens. |
| Cat A renewal with lower monthly pressure | Example values: the same S$97,000 renewal cost, but the borrower wants more room in the monthly budget. | 48-month structure, about S$2,330 per month, total scheduled repayment about S$111,840. | Useful when monthly cash-flow protection matters more than the lowest overall repayment number. | Confirm that the longer term still feels acceptable if the borrower plans to keep the car throughout the renewal period. |
| Category C commercial renewal | Example values: S$68,000 renewal cost for a goods vehicle that the business still needs in operation. | 36-month structure, about S$2,070 per month, total scheduled repayment about S$74,520. | Useful when the business wants to protect working capital instead of paying the full renewal cost upfront. | Compare the quote against business cash flow, not just the urgency created by the renewal deadline. |
Common mistake
Comparing only the monthly repayment
Compare monthly repayment, term length, total scheduled repayment, and early-settlement handling together.
Common mistake
Waiting until the deadline feels urgent
Start early enough to compare structures calmly while there is still room to ask questions or gather documents.
Common mistake
Assuming any lower monthly figure is automatically better
Check whether the lower monthly payment only exists because the quote stretches the loan over a much longer window.
Questions borrowers ask before they compare COE loan options.
When should I start preparing for COE renewal?
Does CoeLoans issue the COE loan directly?
What repayment window is common for COE loans?
What should I check before signing?
Real feedback from real borrowers.
"CoeLoans helped me compare COE loan options quickly. The broker explained the quotes clearly and I found a repayment plan that worked for my budget."
— Borrower
COE Loan
"I was unsure about the paperwork needed for commercial vehicle financing. The team helped me understand what documents to prepare and matched me with a suitable lender."
— Business Owner
Commercial Vehicle
"The process was straightforward. I submitted my details and heard back the same day. The broker walked me through the quote and I knew exactly what I was signing."
— Borrower
COE Renewal
Next Step
See how our broker process works
Understand what happens from enquiry to lender matching and quote review.
Next Step
Compare COE loan offers properly
Use our guide to review term length, fees, and quote structure before you decide.
Next Step
Broker vs bank financing
Compare route speed, support level, and quote explanation before you choose.
Next Step
Latest COE PQP trends
See monthly PQP data for Categories A, B, and C with renewal cost analysis.
Next Step
Verify the lender before signing
Use the trust checklist before you accept any loan offer.
Ready to renew your COE?
Apply takes 3 minutes. We usually respond the same day and help you review matched lender options clearly.
Before signing with any lender, verify its status on the Registry of Moneylenders list.