What is Grab/Gojek Taxi, Private Hire Driver personal loan
i-Credit licensed moneylender provides personal loans to private hire drivers from grab, gojek, and other ride-hailing platforms who need quick access to cash. We understand that while driving offers flexible income opportunities, it comes with consistent expenses like vehicle rental, maintenance, and personal obligations that don’t wait for peak seasons.
As a licensed moneylender approved by the Ministry of Law, we provide fast-approval personal loans that can be used for:
- Vehicle rental payments during low-earning periods
- Emergency car maintenance or repairs
- Medical expenses for you or family members
- Daily living expenses during slow seasons
- Unexpected family emergencies
- Education fees for your children
We deeply understand PHV drivers’ challenges – your income can fluctuate significantly depending on passenger demand, seasonal changes, and competition. Yet your financial commitments like rental payments, family expenses, and loan installments remain constant. Access to ready cash can make all the difference during lean periods or emergencies.
What are the benefits of i-Credit’s personal loan for taxi drivers?
As a licensed moneylender recognized by Singapore’s Ministry of Law, i-Credit understands that taxi and private hire drivers need financial solutions tailored to their unique income patterns. We’ve designed our loans to provide maximum flexibility and support for drivers facing financial challenges.
Flexible Loan Amounts to Match Your Needs We offer loan amounts that make sense for drivers’ real-world situations. Whether you need a smaller sum to cover vehicle rental payments or a larger amount for unexpected emergencies, we can customize the loan amount based on your income and ability to repay. Our loans start from as small as $500, ensuring you borrow only what you need and can comfortably repay.
Competitive Interest Rates and Transparent Fees We believe in complete transparency with our borrowers. Our interest rates are competitive and comply with Ministry of Law guidelines. You’ll know exactly what you’re paying with:
- Clear monthly interest rates with no hidden charges
- One-time administrative fee clearly explained upfront
- No penalties for early repayment
- All fees documented in your loan contract
Quick Processing When Time Matters We know that when drivers need funds, they often need them quickly to keep their vehicles on the road. Our streamlined process offers the following:
- Same-day application processing
- Loan approval decisions within hours, not days
- Immediate cash disbursement upon approval
- Minimal paperwork requirements
Flexible Repayment Terms That Work With Your Income Understanding that a driver’s income can vary from month to month, we offer:
- Customizable loan tenures up to 12 months
- Repayment schedules that match your earning pattern
- Option to choose your preferred payment date
- Ability to adjust repayment terms if your circumstances change
The Security of Working With a Licensed Moneylender As a Ministry of Law licensed moneylender, we provide:
- Legal protection under Singapore’s moneylending regulations
- Professional and ethical lending practices
- Secure handling of your personal information
- Clear documentation of all loan terms
- Professional customer service support throughout your loan tenure
Contact us today to learn more about how our loans can help you manage your finances more effectively while continuing to earn as a driver.
Our experienced loan officers are ready to explain all the benefits in detail and help you choose the most suitable loan package for your situation. No hidden charges or early repayment penalties
What is the Grab/GoJek driver personal loan application process with i-Credit
Getting a driver loan with i-Credit is straightforward and can be completed in just 3 simple steps. As a licensed moneylender in Singapore, we’ve streamlined our process to get you the funds you need quickly and efficiently.
Step 1: Submit Your Application
- Fill out our online enquiry form above, or
- Visit our office at [Location] during business hours, or
- Call us at [Number] for immediate assistance
- Our loan officers will contact you within 1 hour during business hours
Step 2: Prepare Your Documents Bring along these documents to speed up your application:
- NRIC (Front and Back)
- Proof of PHV/Taxi Driver status:
- Valid PDVL (Private Hire Car Driver’s Vocational Licence)
- Latest driver app statements (Grab/Gojek)
- Vehicle rental agreement (if applicable)
- Income Documents:
- Last 3 months of driver app income statements
- Latest 3 months bank statements
- Proof of residence (Recent utility bill or letter)
Step 3: Loan Approval & Disbursement
- Complete a quick in-person verification at our office
- Review and sign your loan contract
- Receive your funds immediately upon approval
- Typical processing time: As fast as 20 minutes*
Click the button below to enquire.
Taxi Driver Loan, Grab Driver Loan vs Gojek Driver Loan
Is there any difference?
The loan terms will still be the same for all drivers, we do not discriminate based on what company you work for. All Grab, gojek or taxi driver loans will not be based off your job title.
Gojek vs Grab Driver Loans: Or any other companies
Driving for other companies other than the main 3 does not matter too. We welcome all to apply.
