By MoneyBees
Work out the monthly instalment, total interest and EIR on a motorcycle loan in Singapore, with the latest Cat D COE premium, the bike's ARF and taxes, and why MAS's car loan limits do not apply to motorcycles.
The last Cat D COE closed at $11,012 (Oct 2026 round 1).
No minimum in law; your lender sets it.
From your lender's quote.
A Cat D COE lasts 10 years.
On the bike's price list or LTA record. Used for the tax lines below.
Monthly instalment
$375.00
60 months on $18,000
Total interest
$4,500
$22,500 repaid in all
Effective interest rate
9.55%
against 5% flat
Flat-rate interest is 5% of $18,000 for each of the 5 years: $4,500. Because you pay the loan down every month but interest stays on the full amount, the EIR is 9.55%.
MAS's limits of 70% or 60% and 7 years apply to cars, not motorcycles, so your lender decides the downpayment and tenure.
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| Tenure | Monthly | Total interest | EIR |
|---|---|---|---|
| 3 years | $575.00 | $2,700 | 9.72% |
| 5 years | $375.00 | $4,500 | 9.55% |
| 7 years | $289.29 | $6,300 | 9.34% |
| 10 years | $225.00 | $9,000 | 9.04% |
| Item | Rule | Amount |
|---|---|---|
| Registration fee | Flat | $350 |
| ARF | 15% of the first S$5,000, 50% of the next S$5,000, 100% above | $1,250 |
| Excise duty | 12% of OMV | $720 |
| Total | COE and dealer margin come on top | $2,320 |
You borrow S$18,000 at 5% flat over 5 years. Interest is S$18,000 x 5% x 5 = S$4,500. You repay S$22,500 over 60 months, S$375 a month. The EIR on that loan is about 9.5%, close to double the flat rate.
Motorcycles have no PARF rebate and no statutory lifespan. When the 10-year COE ends you can renew it for 10 years at the prevailing quota premium, as often as you like, or once for 5 years at half of it, after which the bike must be deregistered.
Hire-purchase loans for motorcycles, from a bank, finance company or dealer, must follow the Hire-Purchase Act's disclosure rules. Compare offers on the EIR, not the flat rate.
Figures checked 3 Oct 2026.
No. MAS's limits of 70% or 60% of the price and a 7-year tenure apply to cars. MAS states that they do not apply to the financing of motorcycles and commercial vehicles.
Not in law. MAS said in 2023 that no minimum downpayment is required by legislation, but each lender may ask for one as part of its own credit checks.
Most motorcycle loans are quoted at a flat rate. Interest is the loan times the flat rate times the years, and the monthly instalment is the loan plus that interest, divided by the number of months.
A flat rate charges interest on the full loan for the whole tenure, even as you pay it down. MoneySense notes that the EIR on a flat-rate loan is higher than the advertised rate, often close to double.
Your lender decides, since MAS's 7-year cap does not apply to motorcycles. A Cat D COE lasts 10 years, so a loan longer than that would outlast the right to ride the bike.
Motorcycles bid in Category D. The latest premium is shown on this page from LTA's results on data.gov.sg; the COE prices page has the full history.
A S$350 registration fee, ARF of 15% on the first S$5,000 of OMV, 50% on the next S$5,000 and 100% above S$10,000, and excise duty of 12% of OMV. Motorcycles get no PARF rebate.
Yes. Motorcycles have no statutory lifespan, so you can renew the COE for 10 years at the prevailing quota premium as many times as you like. A 5-year renewal, at half the premium, can be done only once; after it the bike must be deregistered.
These calculators provide general estimates for educational purposes only and are not personalised financial advice. Results may rely on rates and rules that change over time, so verify against official sources (IRAS, CPF Board, HDB, MAS) or consult a licensed financial adviser before making decisions.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).