Grab is South Asia’s one of the biggest Car Rental services and famous in Malaysia. There are available car loans for Grab drivers in Kuala Lumpur, Klang Valley, and Selangor. Due to the scams and frauds faced when using regular cab drivers, Grab has become popular as a way of car rental that was done through an app. Therefore, it has provided more opportunities for drivers to earn decent money by becoming a Grab drivers.
Why choose Grab
Grab is a popular Car rental service in many countries such as Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. There are many advantages to being a grab driver. The benefits include fuel rebates that allow the drivers to save up to RM35 each month by refueling the vehicles at PETRONAS or spending at Mesra stores.
Vehicle maintenance benefits are available, such as tire discounts, deducted car inspection fees, and many cleaning and branded oil discounts.
Consultation and medication healthcare benefits are available for the drivers at special rates. This will allow them to get affordable healthcare services from the best options available. Apart from this, drivers will get access to the exclusive Grab x Lazada promotion that allows them to save up to 9% for existing travel deals when booking through Agoda.
Car Loan for E-Hailing Driver
How to become a Grab driver without owning a car? Well, there are car loans for Grab drivers in Kuala Lumpur, Klang Valley, Selangor, and many major cities in Malaysia. Car loan services such as The Grab E-Hailing Car Rental are popular among the drivers who are getting started as Grab Driver.
How to get started
If you are above 21 years old, have a valid Malaysian Identity card (MYKad) and a driving license, you have the minimum requirements for applying for a car loan.
To obtain a loan, the leasing company will ask for front and back copies of your MyKad, 6 months Bank & Income Statements to ensure your ability to pay back, a valid driving license and if you are already a Grab driver, the basic details of your Grab profile. If you can provide the above details, you are good to go.
Grab only approves the car models with four doors and manufactured less than 10 years. Car models such as New Bezza 1.3 X Automatic are ideal for Grab as they are very comfortable, easy to drive, and have higher fuel efficiency.
If you qualify with the above-required documents and criteria, you can get a Car Loan for Grab Driver in Kuala Lumpur, Selangor, Klang Valley, etc. The loan services such as BSN Hire Purchase, CIMB Hire Purchase, Affin Bank Conventional Hire Purchase, provide loans without a guarantor. It is required to have a good credit history and not be blacklisted in CTOS or ECCRIS. You can acquire a car loan as a Grab driver with a low down payment such as 5-10% from the car’s market value. If you fulfill the requirements, it is possible to get a guaranteed loan up to 90 – 95% of the vehicle’s value.
If you are getting started as a Grab driver, going for a grab loan is a good investment as you get to own a car within a few years. It can be 3-5 years if you are committed to what you do.