Singapore extends car loan curbs to individual private-hire car buyers from October 30

The Straits Times reports that from October 30, 2026, individual private-hire car buyers in Singapore face loan terms capped at seven years. They can borrow up to 70% of the purchase price for cars with a base value of S$20,000 or less, or 60% for cars above that value. Authorities said around 500 individual-owned self-drive private-hire cars have recently been registered each month, suggesting some buyers may be seeking looser financing terms.