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Singapore tightens car loan rules to curb misuse of private-hire vehicle exemption

Singapore tightens car loan rules to curb misuse of private-hire vehicle exemption
Photo: The Independent Singapore · view original

SINGAPORE: Singapore is closing a car financing loophole that allowed some individually owned private-hire vehicles to enjoy more generous loan terms than ordinary private cars. From Oct 30, individual buyers registering their vehicles as private-hire cars (PHCs) must follow the same borrowing li...

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