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Exchange Rate: April 25, 2024 10:00 am
FDB Bank | USD 2105 : 2106
FDB Bank | EUR 2249 : 2251
FDB Bank | SGD 1546 : 1548
FDB Bank | THB 56.64 : 56.98
FDB Bank | MYR 438.30 : 440.90
FDB Bank | JPY 13.52 : 13.59
FDB Bank | CNY 288.97 : 290.69

Go further and

go beyond!

Vehicle Loan (Commercial)

With just minimum 30% down payment, you can buy cars for your business in installments at FDB Bank.

Interest Rate

  • 10% per annual interest rate
  • The interest rate is variable rate pegged to a base rate i.e., the Central Bank’s Policy Rate.
  • Subject to maximum rate that can be charged according to the Central Bank.

Loan Tenor

  • Maximum 5 years

Down Payment

  • Minimum 30% of purchase price

Repayment

  • Monthly Amortization (EMI)

Fees

  • One-time of application fee 1% on loan amount. (Application fees may be deducted from the loan amount).

Eligible Borrower

  • Minimum operating over 2 years and above business with YCDC license, company registered on DICA and others business license.

Required Documents

  • NRC (Original/Copy)
  • House Hold Registration (Original/Copy)
  • Residence Recommendation from ward office
  • Applicant’s license one photo

  • Business license
  •  DICA certificate of incorporation and company extract, company constitution
    Resolution, import/export license.

  • Financial records (at least 2 years)
  • Income tax invoices (for the last fiscal 2 years
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