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Overview of Taxi Driver (Comfort, Grab, Gojek and PHC’s) Loans in Singapore

By Trinh Thanh
Head of Research
|
Updated 04 Mar 2026

Fact-checked

Glossary

Disclosure

Useful Resources

By Trinh Thanh
Head of Research
Updated 04 Mar 2026
|

Fact-checked

Taxi driver loans also known as PHC driver loans or gig worker loans, help drivers to access financing despite irregular income. This page explains how Grab, Gojek, ComfortDelGro and private chauffeur drivers can qualify for loans in Singapore, what documents are required and how to compare options from various lenders who accept platform earnings as income proof.
Taxi Driver Loan Facts below:
Taxi Driver Loan Facts Facts

What Is a Taxi Driver Loan? 

A taxi driver loan is a personal loan designed for taxi drivers, private hire car (PHC) drivers and gig economy workers whose income comes from ride hailing platforms or taxi fleets. 
These loans consider a drivers platform earnings, commission statements and irregular income patterns as proof of income unlike traditional bank loans that require fixed monthly salaries.
Taxi driver loans are offered by licensed moneylenders and some digital banks in Singapore.
Both licensed moneylenders and some banks accept applications from taxi drivers and private hire car drivers. The key requirements are:
  • Proof of active driving status (PDVL or platform registration)
  • Income documentation (platform earnings and commission statements)
  • Minimum income requirements vary by lender ($1,500 to $2,000 per month)
  • Singapore Citizen, PR or work pass holder
Licensed moneylenders are generally more flexible with gig economy income than banks.
Lenders verify driver income through:
  • Platform drivers (Grab, Gojek): Weekly earnings statements from the app, bank statements showing platform deposits
  • Taxi drivers (Comfort, SMRT, Trans-Cab, Premier): Commission statements and taxi operator records
  • Private chauffeurs: Employment contracts, CPF and bank statements
icon Most lenders require 3 to 6 months of earnings history.
Loan amounts depend on income and lender type:
Lender Type
Typical Loan Amount
Income Requirement
Licensed moneylender$1,000 to $10,000$1,500 plus per month
Bank personal loan$5,000 to $50,000$20,000 per year
Platform-specific (Grab)Up to $5,000Active driver status
Banks have higher minimum income requirements. Moneylenders and platform loans are more accessible for drivers earning between $2,000 to $4,000 per month.
Singapore Citizens and PRs
  • Licensed moneylenders: Charge a maximum of 4% per month regardless of occupation.
  • Banks: Rates depend on credit score (CBS) and current monthly income.
  • Platform specific loans: Like Grab Partner Cash Advance may offer competitive rates because they have access to driver earnings data and can auto deduct repayments.
Lender Type
Approval Time
Disbursement
Best For
Licensed MoneylenderSame dayWithin hoursUrgent needs
Platform (Grab)Instant (if pre-qualified)Within 24 hoursActive Grab drivers
Bank Personal Loan1 to 3 working days1 to 3 days after approvalLarger amounts
icon For urgent financing needs, licensed moneylenders and platform loans offer the fastest turnaround.
*Applying with ROSHI will not impact your credit score

Disclosure

Glossary

Useful Resources

$1,000

$200,000

3 Months

72 Months

Total Cashback
10
Your Monthly Payment

337

* For a loan amount of $20,000, APR of 6.95%, 5 year, read more

Who Qualifies for a Taxi Driver Loan?

If you drive for a living, you likely qualify. Here are the three main categories.

logo
logo
Grab/Gojek
Private hire car drivers using ride-hailing platforms including GrabCar, GrabHitch, Gojek and similar services.
  • Platform earnings accepted as income proof
  • Eligible for Grab Partner Cash Advance
  • Weekly income statements from app dashboard
  • PDVL required
logo
ComfortDelGro
Taxi drivers operating under ComfortDelGro fleet including Comfort, CityCab and other affiliated operators.
  • Commission statements accepted
  • Steady fleet income recognised
  • Taxi driver vocational licence (TDVL) required
  • Fleet operator records available
logo
Private Chauffeur
Employed chauffeurs working for corporate clients, hotels, limo services or private employers.
  • Employment contract as income proof
  • CPF contributions strengthen application
  • Stable income profile
  • May qualify for bank loans

Compare Loan Options for Drivers

Side by side comparison of available loan types for taxi and PHC drivers.

Amount Interest Rate Approval Time Best For
Grab Partner Cash AdvanceUp to $5,0000.05% per dayInstantGrab drivers with app history
Licensed Moneylender$1,000 to $10,000Up to 4%/monthSame dayAll driver types, fast approval
Bank Personal Loan$5,000 to $50,0006% to 12% p.a. EIR1 to 5 daysHigher income drivers with good credit
GXS FlexiLoanUp to $20,000From 3.8% p.a.Same dayDrivers with GXS account
Our Expert says

Is a Taxi Driver Loan Right for You?

Taxi driver loans can help bridge income gaps during slow periods or cover unexpected expenses but they shouldn't become a regular solution for managing money gaps.

Before applying, make sure you have a clear repayment plan. Variable income means some weeks you'll earn more than others but can you comfortably make repayments even during slower periods?

If you're a Grab driver, check if you're eligible for Grab Partner Cash Advance first. The auto deduction from earnings can make repayment easier to manage. For taxi and chauffeur drivers, licensed moneylenders who understand gig economy income are often the most practical financing solution. Quote Icon

Trinh Thanh
Trinh Thanh
Head of Research
img

Eligibility by Driver Type

Loan Eligibility by Driver Type
RequirementGrab / GojekTaxi (Comfort, SMRT, Trans-Cab, Premier)Private Chauffeur
LicencePDVLTDVLClass 3
Minimum income$1,500 to $2,000 per month$1,500 to $2,000 per month$2,000plus per month
Platform employmentActive driver 3 to 6 monthsActive with taxi fleetEmployment contract
ResidencySC, PR or work passSC or PRSC, PR or EP
Age21 to 65 years21 to 70 years21 to 65 years
Income proofApp earnings statements, bank statementsCommission statements, fleet recordsPayslips, CPF, NOA
Bank loan eligible?RarelyRarelyYes (with CPF)

Documents Required

Loan Eligibility by Driver Type
DocumentGrab/GojekTaxi DriverPrivate Chauffeur
NRIC
PDVL / TDVL -
Driving licence - -
Platform earnings (3–6 months) - -
Commission statements - -
Payslips (3 months) - -
Bank statements (3–6 months)
CPF contribution history Optional Optional
Employment contract - -
Proof of address
▸ Note: Requirements vary by lender, licensed moneylenders typically require fewer documents than banks.

CALCULATE YOUR LOAN REPAYMENTS

See Exactly What You'll Pay Before You Apply

Loan Amount
34

$1,000

$20,000

Loan Tenure
3

3 Months

24 Months

Monthly Interest
Your Monthly repayment will be
$9,700.88
Total Cashback

$0.00

Total Interest

$0

Total Repayment

$0

Launch Your Application
*No impact on credit score

LOAN APPLICATION PROCESS

How to Get a Taxi Driver Loan with ROSHI?

5 min
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Apply Online

Apply in under 30 seconds using Singpass or our simple multi-step form. It’s quick, secure and hassle-free.

30 min
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Get Matched

Review tailored loan options instantly. Our customer success team is here to help with any questions or concerns.

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Receive Your Funds

Connect with your preferred lender, finalise all paperwork and receive your funds.

Finding the Right Taxi Driver Loan (FAQs)

Can I get a loan if I only started driving recently?

Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.
Most lenders require 3 to 6 months of driving history. If you have less than 3 months, consider waiting until you have more income documentation, or apply with a licensed moneylender who may accept your application.

Grab Partner Cash Advance for Grab Drivers

Grab Partner Cash Advance is a loan product offered through GXS Bank exclusively for active Grab driver-partners. It's designed for drivers who need quick access to funds without the hassle of traditional loan applications.

Learn more
GXS Bank (via Grab app)
Loan Amount
Up to $5,000
Interest rate
From 0.05% per day (~18% p.a. EIR)
Tenure
3–12 months
Eligibility
Active Grab driver with minimum trip history
Disbursement
Instant to GrabPay wallet or bank account
Repayment
Auto-deducted from Grab earnings or manual payment

How Does It Work?

Check eligibility in Grab app

Go to GrabPay > Partner Cash Advance to see your pre-approved limit

Select loan amount and tenure

Choose how much you need and repayment period

Receive funds instantly

Money credited to GrabPay wallet or linked bank account

Our customers trust us when it comes to making important borrowing decisions

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LAST UPDATE
14 Mar 2026

Application Submitted

in the last 30 days
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Time to Offer

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