The Monetary Authority of Singapore (MAS) will re-introduce¹ financing restrictions on motor vehicle loans granted by financial institutions. The maximum motor vehicle loan amount will depend on the open market value (OMV) of the motor vehicle purchased: (i) For a motor vehicle with OMV that does not exceed $20,000, the maximum loan-to-value (LTV) is 60% of the purchase price, including relevant taxes and the price of the Certificate of Entitlement, where applicable; and (ii) For a motor vehicle with OMV of more than $20,000, the maximum LTV is 50%. In addition, the tenure of a motor vehicle loan will be capped at 5 years.² 3   The financing restrictions are necessary to encourage financial prudence among buyers of motor vehicles.  In ...