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Banks in fast and furious chase to offer car loans online

Eyeing bigger market share, UOB will increase number of car dealerships it partners; OCBC launches its digital solution

Published Tue, Mar 3, 2020 · 09:50 PM

Singapore

UOB is revving up its engine to secure more car loans, with its strategy being to work with a large swathe of car dealers in Singapore to process applications online, such that deals are closed in 15 minutes.

But the bank, which says it commands the largest reach into the car dealership ecosystem, will now face fresh competition from OCBC.

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UOB

Singapore banks

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Banking & Finance

Banks in fast and furious chase to offer car loans online

KEYWORDS IN THIS ARTICLE

Banking & Finance

Millennium asked Weiss to cut staff, expel clients in deal talks

Investors rush to grab piece of US$1.8 trillion UK pension sector

Final money laundering accused to plead guilty on Jun 6

Segantii redemption requests hit US$1 billion before move to shut

New Zealand central bank confident medium-term inflation returning to target

Aussie, NZ dollars on defensive, markets run away from rate cuts

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