Estimate Your COE Renewal Loan Repayments
Use the VM AutoFinance PQP loan calculator to estimate monthly instalments, total interest and total repayment for COE renewal financing in Singapore. Compare your renewal options and review the repayment period before requesting a personalised quote.
A repayment estimate depends on the amount borrowed, interest rate and loan tenure. Check the applicable PQP for your vehicle and review the calculator's assumptions before using the result to plan your budget.
Estimates are illustrative and do not constitute a loan offer. Your approved financing amount, interest rate, fees and repayment terms will be stated in the final loan agreement.
PQP Loan Calculator for COE Renewal in Singapore
Your Loan Summary
Base COE Value: $
Total Loan Amount: $
Tenor (Years): |
Tenor (Months):
Interest Rate: p.a.
Monthly Payment: $
Total Interest: $
Total Repayment: $
The figures shown are for illustration purposes only and do not constitute a loan offer. This calculator illustration uses October 2026 second-bidding COE rates.
Your final loan amount, interest rate and repayment terms will be determined using the applicable Prevailing Quota Premium (PQP) and stated in the final loan agreement.
If you have any questions, please contact us. Thank you for considering VM AutoFinance for your COE renewal financing needs!
How to Use the PQP Loan Calculator
- Check your vehicle category and the PQP applicable to your renewal.
- Select a 5-year or 10-year COE renewal.
- Review the interest rate, amount financed and loan tenure used in the estimate.
- Compare the monthly instalment, total interest and total repayment.
- Request a quote to confirm the financing terms available to you.
Use PQP for Renewal Estimates
COE renewal uses the applicable Prevailing Quota Premium (PQP), rather than an individual bidding exercise's Quota Premium (QP). Confirm the amount using LTA's COE renewal guidance.
| Renewal period | Payment to LTA |
|---|---|
| 5 years | 50% of applicable PQP, rounded up to the nearest dollar |
| 10 years | Full applicable PQP |
Your COE renewal period and loan tenure are different. The renewal period determines how long the renewed COE lasts. The loan tenure determines how many months you have to repay the financing.
How Are Monthly PQP Loan Repayments Calculated?
The calculator uses a flat-rate interest illustration based on the Base COE Value shown in the summary. Under this calculator's display convention, Total Loan Amount includes the calculated interest and is equal to Total Repayment.
- Total Interest = Base COE Value × annual flat interest rate × loan tenor in years
- Total Loan Amount = Base COE Value + Total Interest
- Total Repayment = Total Loan Amount
- Monthly Payment = Total Loan Amount ÷ loan tenor in months
Base COE Value is the amount used before interest. For the current illustration, the calculator halves the selected base rate for a 5-year COE renewal and uses a 4-year loan tenor (48 months). A 10-year COE renewal illustration uses the full selected base rate and a 7-year loan tenor (84 months). These loan tenors are the calculator assumptions; available financing terms must be confirmed in your quote.
Illustrative Repayment Example
For this illustrative example: November 2026 Category A PQP rate S$129,883, 5-year COE renewal, a 4-year loan tenor (48 months) and an illustrative flat interest rate of 2.78% p.a.:
| Base COE Value | S$129,883 × 50% = S$64,941.50, rounded up to S$64,942.00 |
|---|---|
| Loan tenor | 4 years / 48 months |
| Annual Flat Interest Rate | 2.78% p.a. |
| Total Interest | S$64,942 × 2.78% × 4 ≈ S$7,221.55 |
| Total Loan Amount | S$64,942 + S$7,221.55 = S$72,163.55 |
| Total Repayment | S$72,163.55 |
| Monthly Payment | S$72,163.55 ÷ 48 ≈ S$1,503.41 |
This example is for illustration only and is not a financing offer. It excludes fees and other vehicle ownership costs. A flat interest rate differs from the effective interest rate (EIR). Actual instalments and repayment amounts depend on the approved financing terms and repayment schedule.
Plan Your Next Step
- Understand what PQP means and how it is calculated .
- Compare COE bidding results and price trends .
- Read our step-by-step COE renewal guide .
- Explore COE renewal financing with VM AutoFinance .
Note: The calculations shown here for the Car Loan are indicative only. They are not to be taken as an offer to contract. VM AutoFinance Pte Ltd shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance on the information provided herein.
Car Loan Eligibility
- Applicant should be between 21 and 65 years old.
- Minimum income should be at least S$30,000 p.a. or 3x higher than its monthly Car Loan instalment.
- For vehicles that are renewed for 5 years, maximum Car Loan tenure is 54 months.
- For vehicles that are renewed for 10 years, maximum Car Loan tenure is only 7 years.
PQP Loan Calculator FAQs
What does a PQP loan calculator estimate?
A PQP loan calculator estimates monthly repayments, total interest and total repayment for COE renewal financing. The result depends on the loan principal, interest rate and repayment period used.
Why are Total Loan Amount and Total Repayment the same?
In this calculator, Total Loan Amount means Base COE Value plus the calculated interest. Total Repayment shows that same combined amount. Base COE Value is the amount used before interest. Fees and final financing terms should be checked in your quote.
Is the COE renewal period the same as the loan tenure?
No. The COE renewal period determines how long your renewed COE lasts. The loan tenure is the period over which you repay the financing. Check the loan tenure shown in your estimate and confirm the available repayment options with VM AutoFinance.
Is a flat interest rate the same as the effective interest rate?
No. Flat interest is calculated on the original loan principal throughout the tenure. The effective interest rate reflects the timing of repayments and relevant charges, so it should be reviewed when comparing financing quotes.
Does the calculator include all renewal and vehicle costs?
No. The illustration covers the financing inputs shown in the calculator. Check your quote for fees and budget separately for insurance, road tax, inspection, maintenance and any other applicable costs.
Does using the calculator guarantee loan approval?
No. The estimate is not a loan offer or approval. Contact VM AutoFinance for an assessment and a quote stating the approved amount, interest rate, fees and repayment terms.