Grab Driver Loans

If you live in Singapore, you appreciate that life is pretty expensive. Indeed, the city has been rated the most expensive in the world for several years. While the income levels in the country are impressive, the cost of living keeps going up. For those with a 9 to 5 job, the salary might not be enough and for the self-employed things are even tougher.

This is where a side job comes in and there is no better idea than ride sharing. Grab is the leading ride sharing platforms allowing anyone with a car to make money on the side. While driving a taxi is a sure way to make it in a country where people are always on the move, sometimes you might need quick cash for an emergency. This is where a Grab Driver Loan will give you the boost you need.

This financial package catered to grab drivers is flexible and the rates are low. It is a personal loan that aims at filling any cash shortfall you might have in the course of your work. Whether you have been involved in an accident and you need to repair your car or you need money for a medical emergency, this loan will come in handy.
Our GrabTaxi Driver loan is the best thing for drivers whenever there is a cash shortfall. Have a chat with us today and get a free indicative answer of how we can help you.

Features of Loan

Borrow Loan Amounts up to : Up to $10,000 for Grab Driver Loans
Minimum Annual Percentage Rate : 24% per annum (2% per month)
Maximum Annual Percentage Rate : Up to 47% per annum on reducing interest rate (3.92% per month)
Minimum Period for Repayment : From 1 months (31 Days Onward)
Maximum Period for Repayment : Up to 6 months (24 Week Plans)
No guarantor required
No collateral needed

Requirements

In order to speed up the process and get your personal loan at the fastest time frame, we urge that you present these relevant documents to us:

  • NRIC Identification Card
  • Any Proof of latest billing (To your residential address)
  • Latest 3 months of your payslip (Grab Payslips)

Borrowers that are able to meet this requirement are eligible to take out a loan from us:

  • 21 years of age and above
  • Singapore citizen, permanent resident or foreign worker with valid working permit
  • Presently employed as a Grab Driver


*We reserve the right to ask for further documentation as and when needed on a case-by-case basis

Our loan tenure is ranged from minimum 1 month (31 days onward) to maximum of 6 months (24 Week Plans) and The Annual Percentage Rate (APR) of our Personal Loan is minimum 24% to maximum of 47% per annum for 1 years tenure.

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