Document background
The Authorization Letter for Car Loan is a crucial document in Singapore's vehicle financing process, required when an individual needs to authorize a bank or financial institution to process a car loan application. This document, governed by Singapore's banking and financial regulations, ensures clear documentation of consent and helps prevent unauthorized loan applications. It includes specific details about the authorizer, the authorized party, vehicle information, and the scope of authorization granted. The letter must comply with Singapore's strict financial documentation requirements and is typically required before any car loan can be processed.
