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Car loans in S’pore up amid EV boost; loan rates unlikely to fall
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There are no signs of borrowers struggling to meet monthly repayments for their car loans.
ST PHOTO: DESMOND WEE
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SINGAPORE – More car loans have been given out here in 2024, including those for electric vehicles (EVs), which have surged in numbers in recent years.
At the same time, banks and finance companies told The Straits Times there are no signs of borrowers struggling to meet monthly repayments for their car loans.
