Tired of the peak-hour crush on public transport?

Or perhaps your family just got bigger with a little one on the way. Perhaps you want to save time by having your own car.

If buying a car seems like a daunting prospect to you because of the Certificate of Entitlement, it doesn’t have to be.

Horison Credit can help you out with a Car Loan.

Apply now and you’re on the way to buying your dream car with our car loans.

What is a car loan?

Simply put, it’s the amount you need to buy a car. The loan is usually repaid over monthly installments.

What is OMV?

OMV stands for Open Market Value. This refers to the fair purchase price of the car before all the various types of taxes are factored in.

The exact value of the OMV depends on the car model.

So how does a car loan work?

A car loan is granted according to the OMV. That said, there are of course other costs that come with owning a car.

But do note that only a percentage of the OMV will be granted.

So what is the amount that I can get for my car loan?

We can give you a maximum credit of 70% for cars with an OMV that is equal to or below $20,000.

You can borrow a maximum of 60% for cars with an OMV that is above $20,000.

Note that these are the maximum percentages – the amount you get could be less. * Terms and conditions apply. Please apply with us to find put more.

What are some other costs that I have to consider?

Apart from the Certificate of Entitlement (COE), you have to factor in the excise duty, GST, the dealer’s margin, and other hidden charges.

What else does a lender consider when reviewing my car loan application?

Apart from the OMV, a lender will look at the following:

  • Your monthly income
  • Your credit score
  • Loan repayment history
  • Total amount of debt


Getting started is easy.


Submit application

Complete the loan application form and hit on the submit button.


Getting approval

Wait for the processing & receive your application status within 24 hours.


Collect your money

Sign on the agreement at our outlet and collect your money.