# OCBC: Eco-Care Car Loan for Tesla EVs: 1.5% p.a.

OCBC's Eco-Care Car Loan package for Tesla electric cars bought directly from Tesla Singapore charges 1.5% a year (EIR 2.87% over 7 years), with approval in about 5 minutes.

- Deal: 1.5% p.a. (Deal)
- When: Ongoing since 10 Nov
- Status on 2026-11-12: undated
- Category: Cars & Petrol
- Conditions: Only for direct purchases from Tesla Motors Singapore; age 21+; apply with Myinfo; subject to approval.
- Promotion page: https://www.ocbc.com/personal-banking/campaign/teslaev
- Where: Not stated

## Details

### Package
- Interest rate 1.5% p.a. (EIR 2.87% p.a. on a 7-year loan)
- Loan approval within 5 minutes
- Only for Tesla EVs bought directly from Tesla Motors Singapore Private Limited

### How it works
- Submit interest or get a pre-approved amount online with Myinfo
- Buy the car from Tesla and submit the car details; OCBC sends a loan invitation by SMS or email
- Complete the online application; Tesla arranges car collection
- Repay monthly by GIRO, mobile or internet banking

### Good to know
- Singaporeans, PRs and foreigners aged 21+
- Late fee S$80; full settlement penalty 1% of the outstanding loan; interest rebate clawback 20% (rule 78)
- No end date on the page

- Confidence: low
- Last updated: 2026-11-10T23:00:00+08:00
- Page: https://spill.sg/p/ocbc-eco-care-car-loan-tesla-2026-11-10
- Add to calendar: https://spill.sg/p/ocbc-eco-care-car-loan-tesla-2026-11-10/calendar.ics (.ics: Apple, Outlook, Samsung) · Google: https://calendar.google.com/calendar/render?action=TEMPLATE&text=OCBC%3A+Eco-Care+Car+Loan+for+Tesla+EVs%3A+1.5%25+p.a.&dates=20261112%2F20261113&details=OCBC%27s+Eco-Care+Car+Loan+package+for+Tesla+electric+cars+bought+directly+from+Tesla+Singapore+charges+1.5%25+a+year+%28EIR+2.87%25+over+7+years%29%2C+with+approval+in+about+5+minutes.%0ANo+end+date%0AOnly+for+direct+purchases+from+Tesla+Motors+Singapore%3B+age+21%2B%3B+apply+with+Myinfo%3B+subject+to+approval.%0Ahttps%3A%2F%2Fspill.sg%2Fp%2Focbc-eco-care-car-loan-tesla-2026-11-10&location=&ctz=Asia%2FSingapore · Outlook.com: https://outlook.live.com/calendar/0/deeplink/compose?path=%2Fcalendar%2Faction%2Fcompose&rru=addevent&subject=OCBC%3A+Eco-Care+Car+Loan+for+Tesla+EVs%3A+1.5%25+p.a.&body=OCBC%27s+Eco-Care+Car+Loan+package+for+Tesla+electric+cars+bought+directly+from+Tesla+Singapore+charges+1.5%25+a+year+%28EIR+2.87%25+over+7+years%29%2C+with+approval+in+about+5+minutes.%0ANo+end+date%0AOnly+for+direct+purchases+from+Tesla+Motors+Singapore%3B+age+21%2B%3B+apply+with+Myinfo%3B+subject+to+approval.%0Ahttps%3A%2F%2Fspill.sg%2Fp%2Focbc-eco-care-car-loan-tesla-2026-11-10&location=&startdt=2026-11-12&enddt=2026-11-13&allday=true
- Save and get a reminder when it starts: https://spill.sg/p/ocbc-eco-care-car-loan-tesla-2026-11-10?save=1&remind=1

_From Spill. Source: ocbc.com. Terms can change._