To pay a car loan select 'Invoices' from your Dashboard.
Step 1 - Add your Provider as a Supplier
You will need to add the provider that issued the car loan as a supplier.
The table below provides the details of some Singapore car loan providers. We recommend confirming the bank details relevant to your loan with your provider.
You may make a payment to a provider not included on this list as long as they accept bank transfer to their account as a form of payment.
❗Please note that for Singapore, car loan payments cannot be made to the following providers: DBS, Maybank, OCBC, and UOB.❗
Step 2 - Enter payment details.
Enter how much you would like to pay your supplier. In the 'Note to Supplier' you should enter your hire purchase agreement number, loan policy number, or the required reference details mentioned by your provided.
❗❗ It is important this information is entered correctly so your recipient can identify this payment came from you. ❗❗
You will need to provide a supporting document when scheduling your payment. Acceptable documents include valid loan contract, mortgage agreement, and payment schedule. Please see here for information required in the supporting document.
Step 3 - Schedule Your Payment
Schedule your payment based on the day your provider needs to receive your payment. ipaymy will automatically calculate the charge date based on your region.
For more details on payment scheduling click here.
Step 4 - Pay
You are almost done! Review your payment, enter a promo code if you have one, and click pay. Your card will then be charged and the payment will be add to the 'in progress' section of your dashboard. A receipt for the payment will also be sent to your email.
If your payment is scheduled for a charge date in the future, it will be added to your dashboard 'scheduled' section and receipt will be emailed to you when your card is charged.