Driving for a living can be rewarding, but it also comes with unpredictable expenses and irregular income. A PHV & Taxi Driver Loan in Singapore gives you the financial flexibility to manage vehicle costs, cover daily expenses, and keep your livelihood running smoothly.
A PHV & Taxi Driver Loan in Singapore is a specialised personal loan designed for private-hire vehicle (PHV) drivers and taxi drivers who rely on their vehicles for daily income. It provides access to funds to support work-related expenses that are essential to maintaining uninterrupted operations.
Common uses include vehicle rental fees, routine servicing and repairs, insurance or licence renewals, and other operating costs associated with driving professionally. Loans are typically structured with fixed monthly instalments, allowing drivers to plan repayments around their income patterns.
Loan eligibility, amounts, and repayment terms are assessed individually to ensure suitability and affordability. Borrowers are encouraged to review all terms carefully and ensure the loan aligns with their earning capacity and financial commitments.
to keep driving without disruption
for flexibility
with affordable rates
through licensed and transparent lending
You’re eligible to apply for a PHV & Taxi Driver Loan with Power Credit if you meet the following:
Documents required include:
Before taking up a PHV & Taxi Driver Loan, keep these important points in mind:
Make sure you can comfortably manage monthly instalments, especially during low-demand periods.
Apply for an amount that matches your immediate expenses, not more.
Choose a repayment plan that aligns with your driving income and financial goals.
Having payslips, bank statements, and licence details ready will speed up approval.
Review the interest rates, repayment dates, and any fees before signing.
If you’re finding it challenging to qualify for the loan amount you want, these simple steps can boost your chances:
With Power Credit, applying for a personal loan is fast and hassle-free.
01
Apply online with Singpass or complete our secure application form. Takes only 3 minutes.
02
Get notified of your eligibility and loan amount within an hour.
03
Visit the office for a face-to-face verification, sign the loan agreement and receive the funds upon completion.
Yes, you can apply for a PHV/Taxi loan with us. We strive to assist all our borrowers, irrespective of their credit scores, which is why we don’t impose specific credit score restrictions.
Repayment terms are flexible and can be tailored to your specific needs, ranging from a few months to several years.
As long as you remain eligible under the Moneylenders Act, you may still apply.
Absolutely. Once your loan is cleared, you’re welcome to take up another if needed.
We assess each case individually. While reasons aren’t disclosed, you can reapply if your situation improves.
As one of the best licensed money lenders in Singapore, we provide the necessary funds and peace of mind to our valued customers.
Discover why our customers trust us.
Get professional advice and quick financial support — we’re here to help you drive forward with confidence.
