Balloon Scheme Financing

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Genie's Balloon Scheme Financing

Balloon Scheme Financing

Lighten your loan with compact monthly instalments. Pay a smaller amount than traditional auto loan repayment each month.

Balloon Scheme Financing

Looking to borrow money but wish that your monthly payments could be lower? Genie can help with the necessary. Balloon Schemes are ideal for customers who prefer to lower their monthly payments and do not want to deal with the hefty upfront payments.

Contact us at +65 6715 1518 for more information or send us an email at [email protected] and our friendly auto loan experts will guide you accordingly.

WHY TAKE UP Ballon Scheme Financing WITH GENIE?

INSTANT APPROVAL

EASY APPLICATION

PAPERWORK SETTLEMENT

ELIGIBILITY CRITERIA

  1. Age 18-21 years(Accompanied with Guarantor above 21)
  2. > Age 21 years
  3. Singaporeans, Singapore PRs, Foreigners

PROCEDURE FOR Balloon Scheme Financing

  • STEP 1
    Click on “Apply Now” to fill up a simple Balloon Scheme Financing Form.
    Genie Loans Officer will send you an email for you to furnish the necessary forms and documents.
  • STEP 2
    Submit Documents
    Submit all required documents via email to [email protected] or simply fax it to us at 6715 1519. Once all the required documents are submitted, we will proceed with your Balloon Scheme Financing application.
  • STEP 3
    Notification
    You will be notified by Genie Loans Officer regarding the status of your application, either via SMS or a call.

REQUIRED DOCUMENTS

To process your application, the following documents are to be submitted via email or fax to us.

  • Applicant (Individual)
    1. Loan Application Form (With complete information & signed by Applicant)
    2. Copy Of NRIC (Front & Back)
    3. Income Documents
      1. Last 2 years Notices Of Assessment
      2. Latest 12 Months CPF Contribution Statement, OR
      3. Latest 3 Months Computerized Payslips
    4. Sales & Purchase Agreement of Purchased Vehicle
    5. Copy of Enquire PARF / COE Rebate for Registered Vehicle
  • Guarantor (Individual)
    1. Loan Application Form (With complete information & signed by Guarantor)
    2. Copy Of NRIC (Front & Back)
    3. Income Documents (Any of the following)
      1. Last 2 years Notices Of Assessment
      2. Latest 12 Months CPF Contribution Statement, OR
      3. Latest 3 Months Computerized Payslips
  • Seller
    1. Vehicle Log Card / Acknowledgement
    2. Copy Of NRIC (Front & Back)
    3. Authorization Form To Check Full Settlement (If Vehicle is still under Financing)

RATES FOR Balloon Scheme Financing

Genie offers you attractive rates from 3.28% p.a.

Terms & Conditions apply.

CALCULATORS

LOAN BUDGET CALCULATOR

Find out the maximum amount of loan you can get.

CAR INSTALMENT CALCULATOR

Find out the monthly instalment of your car loan.

Lighten your loan today.