CardUp supports car loan payments for both personal or business users.
Our platform lets you shift this large, recurring payment onto your credit card, allowing you to enjoy miles, points and cashback on this payment otherwise made through cash or GIRO.
How do I set up a car loan payment on CardUp?
- Sign up for a free CardUp account, or log in to your existing account
- Set up a new payment, and select Car Loan from the list of payment types
- Select your car loan provider from the dropdown menu
- Here is a list of all the car loan providers available on our platform:
- a) Hitachi Capital Asia Pacific
- b) HL Bank
- c) Sing Investments and Finance
- d) Mercedes Benz Financial Service Singapore Ltd
- e) Daimler Fleet Management Singapore Pte Ltd
- f) Singapura Finance
- g) Standard Chartered Bank (Singapore) Ltd
- h) [NEW] DBS Bank
- i) [NEW] OCBC Bank
- j) [NEW] UOB Bank
- k) [NEW] Maybank
- l) [NEW] Hong Leong Finance Ltd
- m) [NEW] Tokyo Century Leasing (Singapore) Pte Ltd
- Is your current car loan provider not mentioned above? You can still make a payment by selecting "Add new recipient" when setting up your car loan payment.
- Here is a list of all the car loan providers available on our platform:
- Enter the recipient details.
- The required information and next steps depends on the provider of your car loan:
*If the hire purchase agreement documents do not show your Loan Repayment Account details, you have to provide a supporting document to prove that the nominated account is used for your loan repayment. This can either be a GIRO Acknowledgement Form or a Bank Statement showing such.Car Loan Provider Required information How payment is made: a) Hitachi Capital Asia Pacific
b) HL Bank
c) Sing Investments and FinanceNo need for recipient bank account details as these are already pre-filled.
Your payment will reach your car loan provider directly as a bank transfer. d) Mercedes Benz Financial Service Singapore Ltd
e) Daimler Fleet Management Singapore Pte LtdUpload a Hire Purchase Agreement and proof of your Loan Repayment Account, or creditor's bank account details Your payment will reach your recipient directly as a bank transfer. This will be either your Loan Repayment Account or to the car loan provider directly. f) Singapura Finance
g) Standard Chartered Bank (Singapore) Ltd
h) [NEW] DBS Bank
i) [NEW] OCBC Bank
j) [NEW] UOB Bank
k) [NEW] Maybank
l) [NEW] Hong Leong Finance Ltd
m) [NEW] Tokyo Century Leasing (Singapore) Pte LtdUpload a Hire Purchase Agreement and proof of your Loan Repayment Account, or creditor's bank account details
Additionally, under 'Recipient Account Details', enter your own Loan Repayment Account details. This Account can be:
- A dedicated Loan Repayment Account from the bank you've taken the car loan financing from
- A nominated bank account* from which the loan amount is deducted from, or have a current GIRO arrangement set up
Remember to include the SWIFT/BIC, Bank Name, Account Number and Name of Account Holder. These details are to match what is stated on the documents uploaded earlier.
If you have a dedicated Loan Repayment Account, your payment will reach your account directly as a bank transfer.
If you are making a payment to your nominated bank account from which the loan amount is deducted from, your payment will reach your bank account directly as a bank transfer.
You can still keep your GIRO arrangement with your car loan provider in order for the payment to be automatically deducted from these accounts above.
- The required information and next steps depends on the provider of your car loan:
- Enter your payment details and a payment reference to be shown on your creditor’s bank account statement. You can also set up your payment on a monthly recurring schedule easily to save you more time each month.
- Select or add a new credit card to be used for this payment. Two business days before the Payment Due Date, your credit card will be charged for your payment amount plus a CardUp fee.
- Review your payment, click on ‘Confirm’ and you’re good to go!
- Your payment will be sent to the recipient directly (or your Loan Repayment Account) on the Payment Due Date automatically.
If you have any further questions or face any issues with your car loan payments, please contact us here.