Gojek/Grab Loans in Singapore: Kickstart Your Driving Career

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Ready to Be a Private-Hire Driver? Get Our Gojek/Grab Loan Today

Diving into a new career as a private-hire driver can be exciting, yet challenging when you don’t have enough funds to secure a vehicle. We hear you — which is why our Gojek/Grab loans in Singapore are ideal for assisting you in transitioning into your new job.

What is a Gojek/Grab loan in Singapore?

A Grab loan is a type of personal loan for Grab drivers in Singapore. Grab loans are specially designed for existing and potential Grab drivers alike.

A Grab loan functions similarly to a personal loan in that there’s no restriction on what exactly you need to use the funds for.

The Grab loan is disbursed in a lump sum, minus any loan processing fee applicable. Thereafter, you’ll be required to make regular instalments over the course of your chosen loan tenure until your Grab loan is repaid fully.

Why Would You Need a Grab Loan in Singapore?

Extra Income in Times of Need

A Gojek/Grab loan can supplement your income in times of some financially challenging months since your earnings may fluctuate vastly due to the nature of the job.

Pay For Necessary Bills

The funds from a Grab loan can also be used to foot bills related to vehicle maintenance, vehicle rental, car repairs, etc.

Down payment for the Vehicle

For Grab drivers who are short on some cash to make the down payment required for a car purchase, a Grab loan can come in handy to plug the gap.

Accessible and Quick

Grab loans are extremely easy to qualify for, and can be quickly processed, approved and disbursed.

Why Engage 96BM Credit for a Gojek/Grab Loan in Singapore?

As a trusted licensed lender, we don’t just want to help you with your private-hire driving needs — our services extend to helping you financially when it comes to your home, wedding, and so much more:

A proud member of the Credit Association of Singapore (CAS)
Constantly improving our existing services to meet the ever-changing needs of our clients

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How to Apply

3 Quick Steps to Acquire Your Money

1. Apply

Get your details ready and submit your online loan application.

2. Results

Receive results of your application status.

3. Disbursal

Expect to receive your money in as quick as 15 minutes after signing the contract.

Gojek/Grab Loans in Singapore — Frequently Asked Questions

What is the difference between a Grab loan in Singapore and any other loan?

The main purpose of a Grab loan is for you to finance the purchase of a vehicle, and also cover any other financial difficulties that might come with transitioning into a career with Grab.

Of course, experienced Grab drivers who are facing a cash shortfall can also bank on Grab loans to alleviate their financial woes no matter what these may be.

What is the interest rate of a Gojek loan or Grab loan in Singapore?

The interest rate of a Gojek loan or Grab loan in Singapore can be anywhere from 1-4% per month. At 96BM Credit, a legalised lender in Singapore, you can expect the interest rate of your Grab loan to be in the range of 3-4% monthly. Learn more about licensed money lender interest rates here.

What is the loan tenure of a Gojek loan or Grab loan?

The loan tenure of a Gojek loan or Grab loan is usually up to 12 months. Feel free to discuss your needs with our friendly loan officer anytime — contact us!

How to apply for a Grab loan?

To apply for a Grab loan with us, you may apply online or visit our office. Should you need any assistance promptly via WhatsApp, feel free to reach out anytime — we’re a WhatsApp money lender that strives to address any concerns you may have in a jiffy!

How do I know if 96BM Credit’s Grab loan is legitimate?

Our Grab loan is legitimate because we are a registered money lender with the Registry of Moneylenders. We are authorised to provide legal loans to qualified individuals seeking custom loan solutions. Our moneylending business is strictly regulated.

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