Frequently Asked Questions
Yes, we only make loans in connection with the purchase of a vehicle. You may apply at any time, but in order to fund a loan we require information about the vehicle you are buying. Upon contract signing, we work directly with the dealership to finalize the process, and dealership will handle the rest (like getting you your keys!). All you'll need to do is drive away!
You can purchase your vehicle from either a dealership or a private party. The details of a private party transaction can be discussed with the sales representative assigned to your application.
Once you've verified your application information and finalized the details of the vehicle you're purchasing, we will review your loan for final approval. If all the information is provided promptly, we will typically approve your loan within a business day.
Yes ! Submitting an application only takes a few minutes. If you quality, we will provide you with a pre-approval within 2 business days.
Thank you for your interest in working with us. Please send us an email at hp@teckwei.com.sg , with your name and the dealership name and the best way to contact you. One of our Account Managers will follow up quickly !
After you submit your loan application, and provided you meet our eligibility requirements, we will send you your pre-approved interest rates within 24 hours.
Loan Applicants should be:
Singaporeans, Singapore PRs, Foreigners
Applicants should be between 21 – 65 years of age
No ! Applying for a loan with LendMax.SG will not affect your credit score.
You pay the downpayment for your new vehicle directly to the dealership as a part of your vehicle purchase. LendMax.SG will finance the rest of the loan directly with the dealership so you can receive the keys !
If you are unable to make the required monthly installment payment by the due date, we may charge you a late payment charge & default late interest.
Yes ! You can call us at +65 6465 0020 or email us at hp@teckwei.com.sg and make a Electronic Bank Transfer.
No. The installment due date is based on the LTA effective transfer ownership date.
Please allow 24 business hours for a new installment payment to be reflected in your account.
Yes, we have early termination fee.
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