Private hire loans are a great option for those who work in the ride-hailing industry. These loans can be obtained by both personal and business drivers who use companies such as Grab or Gojek. Whether you’re looking to purchase a new vehicle, expand your fleet, or simply cover operating costs, private hire loans can provide you with the financial support you need to keep your business moving forward.
One of the unique features of these loans is that drivers can produce weekly statements instead of CPF or income tax statements to get a loan disbursement. This makes it easier for drivers who may not have traditional employment documentation to obtain financing. These weekly statements show how much money you’ve earned, which is an accurate reflection of your income as a driver. By using these statements, drivers can quickly and easily get the funding they need to cover their expenses.
Private hire loans are also designed to be flexible and affordable. The repayment terms can be customised to meet your specific needs, so you can choose a payment schedule that works for you. This means that you can pay off your loan on a timeline that suits your cash flow, helping you to avoid cash flow problems and keeping your business running smoothly.
Apply for a private hire loan today and get the funding you need to keep your Grab or Gojek ride hailing business moving forward. Contact us now to learn more.