Private Hire Vehicle (PHV) Car Loan
PHV Car Loan at a Glance
*Terms & Conditions apply.
Car Financing Solutions Tailored for PHV Drivers
Helping GrabCar and Gojek Drivers in Getting the Best Financing Options
Need a car to drive for GrabCar or Gojek but not having a car is something that is holding you back? There’s no need to worry as Speed Credit has tailored a new Private Hire Vehicle (PHV) Car Loan Scheme to help you with your auto loan needs.
Did you know that you can get as much as 20% savings when you buy your own car versus just renting it? If you decide that buying a car to drive for GrabCar is right for you, Speed Credit can offer you a few different PHV financing options. Whether you are looking to finance a Japanese or continental car, our PHV Car Loan can help you get the car that you want with the best possible car financing rate. We finance brand new cars, used cars, and COE renewal for cars to be GrabCar or Gojek ready.
More Than Just Financing
With our PHV In-House Car Loan, you will get an indicative quotation within 1-2 business days. With 50+ years of combined industry experience, Speed Credit can advise you on how to register a company to be legally accepted under GrabCar/Gojek. Apart from this, we can also provide the cheapest insurance which accepts GrabCar/Gojek and can retain your current NCD.
Speed Credit’s PHV Car Loan Scheme is also inclusive of full settlement service and LTA transfer service. We currently offer a 3.28% interest rate for PHV Car Loans. For a hassle-free service and further advice – fill out our enquiry form or email us today at loan@speedcredit.com.sg to know more about our PHV Car Loan Service!
Why Get a PHV Car Loan From Speed Credit?
Company Competence
Competitive Distinction
Free Assistance & Services
Awards & Accreditations
Procedure & Online Application for PHV Car Loan
Get a PHV Car Loan in 3 Easy Steps!
Step 1
Fill out our online application form or contact us at (+65) 6444 4400 or (+65) 9851 8281. Instructions and other requirements will be sent to you via email by our car finance expert. Please check your inbox or spam mail.
Step 2
Submit all the requirements and/or signed documents needed via email at loan@speedcredit.com.sg. You will also be advised on the next steps and/or other necessary instructions related to your application.
Step 3
You will be notified by our car finance expert via email and/or call regarding the status of your application.
Eligibility Criteria for PHV Car Loan
- Applicants should be between 21 – 65 years of age
- Singaporeans, Singapore PRs, Foreigners
Requirements for PHV Car Loan
Individual (Local)
Buyer
- Page 1 of Loan Application Form (1 Copy – Signed, Filled & Completed)
- Clear Copy of NRIC (Front & Back)
- Income Documents (Any of the Following):
- Latest 12 Months CPF Contribution Assessment
- Last 2 Years Notice of Assessment (NOA)
- Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed
- Sales & Purchase Agreement of Purchased Vehicle
- Copy of Enquire PARF / COE Rebate for Registered Vehicle
Seller
- Vehicle Log Card / Acknowledgement
- Clear Copy of NRIC (Front & Back)
- Authorization Form To Check Full Settlement (if Vehicle Is Still Under Financing)
Guarantor
- Page 2 of Loan Application Form (1 Copy – Signed, Filled & Completed)
- Clear Copy of NRIC (Front & Back)
- Income Documents (Any of the Following):
- Latest 12 Months CPF Contribution Assessment
- Last 2 Years Notice of Assessment (NOA)
- Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed
Individual (Foreigner)
Buyer
- Page 1 of Loan Application Form (1 Copy – Signed, Filled & Completed)
- Clear Copy of Passport
- Clear Copy of Employment Pass
- Income Documents (Any of the Following):
- Latest 12 Months CPF Contribution Assessment
- Last 2 Years Notice of Assessment (NOA)
- Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed
- Sales & Purchase Agreement of Purchased Vehicle
- Copy of Enquire PARF / COE Rebate for Registered Vehicle
Seller
- Vehicle Log Card / Acknowledgement
- Clear Copy of NRIC (Front & Back)
- Authorization Form To Check Full Settlement (if Vehicle Is Still Under Financing)
Guarantor (Must be a Singaporean)
- Page 2 of Loan Application Form (1 Copy – Signed, Filled & Completed)
- Clear Copy of NRIC (Front & Back)
- Income Documents (Any of the Following):
- Latest 12 Months CPF Contribution Assessment
- Last 2 Years Notice of Assessment (NOA)
- Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed
Company
Buyer
- Page 1 of Loan Application Form (1 Copy With Company Chop – Signed, Filled & Completed)
- Clear Copy of ACRA Document (Within 3 Months)
- Latest 3 Months Bank Statement
- Sales & Purchase Agreement of Purchased Vehicle
Seller
- Vehicle Log Card / Acknowledgement
- Clear Copy of NRIC (Front & Back)
- Authorisation Form To Check Full Settlement (if Vehicle Is Still Under Financing)
Guarantor (Director of Company)
- Page 2 of Loan Application Form (1 Copy – Signed, Filled & Completed)
- Clear Copy of NRIC (Front & Back)
- Income Documents (Any of the Following):
- Latest 12 Months CPF Contribution Assessment
- Last 2 Years Notice of Assessment (NOA)
- Latest 6 Months Computerised Payslip or Latest 3 Months Bank Statement if Self-Employed
PHV Car Loan Interest Rate
Speed Credit
Companies
*Terms & Conditions apply.