Renew your COE with lowest rates at 2.38% p.a. As a direct lender, there are no middlemen fees, and we handle LTA paperwork for you.
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2.38% p.a. rates
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0% processing fee
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0% admin fee
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Up to 7 years tenure (10-yr renewal)
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We handle LTA paperwork for you
Key benefits
2.38
%
p.a. Interest rate
0
%
Processing fee
0
%
Admin fee
100
%
PQP financing
7
Years
Tenure (10-yr COE)
Key advantages
As a direct lender, there are no middlemen, no broker fees, passing the savings on to you.
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We finance the full PQP subject to assessment — no lump-sum outlay to renew.
Every form filed for you. No queues, no OneMotoring, no visits.
Send us your documents and we'll return an indicative quote within the day.
Who is this for?
Renew your 10-year COE without paying the PQP as a lump sum.
Business vehicles, private-hire cars, goods vehicles — all supported.
Taking over a car that needs renewal? We can arrange transfer and renewal together.
Interest rates
We offer 2.38% p.a. on COE renewal loans — the kind of rate you'd normally see from a bank. No processing fees, no admin fees.
Interest rate
2.38%
p.a.
Applies to Cat A and B, and for 5 or 10-year renewals.
Latest PQP
The Prevailing Quota Premium (PQP) is refreshed monthly by LTA. Below is this month's PQP for a 10-year renewal.
Latest Renewal PQP
CAT A (10-Years)
CAT B (10-Years)
Oct-2026
S$128,715
S$131,616
Sep-2026
S$126,208
S$128,697
Aug-2026
S$125,646
S$127,835
Jul-2026
S$123,315
S$124,705
COE can also be renewed for 10 years, or 5 years at half the price. We can advise you on the best time to renew your car's COE. WhatsApp Us.
5-year vs 10-year renewal
A 5-year renewal costs half the PQP but can only be done once. A 10-year renewal is the full PQP and can be renewed again.
5-year
10-year
Cost
50% of PQP
100% of PQP
Repeatable
Once only
Renewable again
Loan tenure
Up to 5 years
Up to 7 years
End of term
De-register
Renew or de-register
Renew or replace?
For most drivers, renewing works out significantly cheaper than replacing — and modern cars typically last well beyond 10 years.
Consideration
Renew
Buy new
Upfront cost
PQP only
Downpayment + ARF + COE
Loan interest
Typically lower
Typically higher
Total 5–10 yr cost
30–50% lower
Higher overall
PARF rebate
Forfeited
Retained if de-registered on time
Calculator
Enter your PQP, indicative rate, and preferred tenure for an estimated monthly instalment. Guide only — contact us for a personalised quote.
Figures are estimates using a flat-rate calculation for illustration only. Actual repayments depend on the bank's package structure and are confirmed at approval.
Our process
Share your carplate, COE expiry month, and income documents.
We shop your case across banks and lock in the cheapest PQP month.
Approval in hours. We disburse and settle LTA paperwork within days.
What you need
Eligibility criteria
Singapore Citizen or PR
Valid Singapore-registered vehicle
COE expiring in the next 6 months
Minimum loan amount: S$10,000
Complex income profiles welcome
Documents required
NRIC
Vehicle log card
LTA COE expiry notice
Latest 2 payslips or NOA
CPF contribution history (3 months)
Do I still need to visit LTA to renew my COE?
No. We handle all LTA paperwork and OneMotoring submissions on your behalf.
What's the interest rate and repayment period?
Rates start from an indicative 2.38% p.a. and vary by category, loan amount, tenure, and profile. Tenure is up to 7 years for a 10-year renewal, up to 5 years for a 5-year renewal.
Are there any admin or processing fees?
No. Tembusu charges 0% admin and processing fees on COE renewal loans.
What's the maximum financing amount?
Up to 100% of the PQP, subject to bank approval and your credit profile.
What documents do I need?
NRIC (front and back), vehicle log card, and income documents — latest 2 years' NOA, 12 months' CPF, or 6 months' payslips (3 months' bank statements if self-employed). Companies need ACRA (within 3 months) and 3 months' bank statements.
When should I submit my application?
4–6 weeks before COE expiry — enough time to shop your case, lock in a favourable PQP month, and complete renewal before it lapses.
Can I still renew if my COE has already expired?
Yes, within 1 month of expiry. LTA charges a late renewal fee (S$50–S$250, by engine capacity), and you can't drive the car until renewal is complete. After 1 month, the COE cannot be renewed.
What happens to my PARF rebate if I renew?
It's forfeited. PARF is only paid out if you de-register within the first 10 years.
5-year vs 10-year renewal?
A 5-year renewal is 50% of the PQP but can only be done once — car must be de-registered at the end. A 10-year renewal is the full PQP and can be renewed again.
Which banks do you work with?
OCBC, DBS, UOB, Maybank, and Hong Leong Finance, among others — so we match your profile to the best available package.
Get an indicative quote. Plus, we'll help to calculate your monthly & handle your LTA paperwork.