Do I need to clear my outstanding loan before taking up Private Hire scheme?

General 01/08/2017 55 View

1 Answer


Yes the loan would need to be settled with the financial company before commencing the private hire scheme process for a vehicle to be used for uber and grab.

If you already own a car, you can still convert your car under a Private Hire Car Scheme. However if your car still has outstanding loan, you may need to settle your outstanding car loan before you get a new loan under the sole proprietor company name.

0 Upvote Downvote Reply over 2 years ago