Being a driver comes with its challenges—long hours on the road, battling fatigue, sleepless nights, and little time to rest, especially if you’re working for extra incentives as a private-hire driver. A driving loan can provide financial support during times when you’re unable to drive or need extra funds to get through a tough month or two.
A PHV/Taxi loan is a personal loan designed to address the financial challenges drivers face in their profession. Whether you’re just starting as a taxi driver or managing ongoing expenses, a taxi loan can help. If you choose to rent a car rather than buy one—which can be more cost-effective as it eliminates the need for COE and a down payment—you’ll still need to cover rental, parking, and petrol costs. This can be tough, especially for new or inexperienced drivers.
At Magnus Credit, we offer PHV/Taxi loans to help drivers bridge any cash shortfalls. Whether you need urgent funds for car repairs after an accident, medical emergencies, or to cover monthly rental and expenses during slow periods with fewer passengers, our PHV/Taxi loan is here to support you.




Simply fill out and submit the 2-minute loan application form or apply with Singpass My Info.
Check your loan status within the next few hours and know the maximum amount and term.
Head to our office, sign the loan agreement then get your funds instantly.
Our customers’ positive reviews show our commitment to excellence. Read on to see why they trust us.
Trustindex verifies that the original source of the review is Google.
Michelle attended to me for my loan and to date she is great and has a wonderful and cheerful personality. She was able to assist me in everything needed. Great job.
Owner's reply
Thank you for sharing your positive experience! We're delighted to hear that you found our professional customer service helpful and cheerful. Your satisfaction is our priority, and it's great to know that we could assist you effectively with your loan needs. We aim to provide seamless and trusted loan services to all of our valued customers. Should you require any further assistance, feel free to reach out to us. Best Regards, Magnus Credit Pte Ltd +65 6338 9891 301 Ubi Ave 1 #01-279 Singapore 400301 www.magnuscredit.com.sgTrustindex verifies that the original source of the review is Google.
Michelle service goodTrustindex verifies that the original source of the review is Google.
Fiona is very kind person, help up on loan explanation to make it loan quick and easy.Trustindex verifies that the original source of the review is Google.
Michelle service goodTrustindex verifies that the original source of the review is Google.
MICHELLE HAS BEEN VERY PLEASANT AND HELPFUL IN MY APPLICATION. SHE MADE ME FEEL WARM AND HANDLED THE TRANSACTION IN A PROFESSIONAL WAY. WILL SEE HER AGAIN SOON.
Owner's reply
Thank you for your kind words! We are delighted to hear about your positive experience. Our professional customer service team strives to provide hassle-free loan services, making every transaction smooth and comfortable. We're pleased that Michelle made your application process pleasant and seamless. We look forward to assisting you again for any of your financial needs in the future. Best Regards, Magnus Credit Pte Ltd +65 6338 9891 301 Ubi Ave 1 #01-279 Singapore 400301 www.magnuscredit.com.sgTrustindex verifies that the original source of the review is Google.
excellent service Thanks Fiona💪💪
Owner's reply
Thank you for your feedback! We're pleased to hear about your positive experience with our trusted licensed moneylender services. We'll ensure to maintain the excellent service for all our clients. Feel free to reach out anytime for assistance or future needs. Best Regards, Magnus Credit Pte Ltd +65 6338 9891 301 Ubi Ave 1 #01-279 Singapore 400301 www.magnuscredit.com.sgTrustindex verifies that the original source of the review is Google.
Michelle handles my loan application very fast , thank u
Owner's reply
Thank you for appreciating our fast and professional loan services! We look forward to assisting you again in the future whenever needed. Best Regards, Magnus Credit Pte Ltd +65 6338 9891 301 Ubi Ave 1 #01-279 Singapore 400301 www.magnuscredit.com.sgTrustindex verifies that the original source of the review is Google.
Excellent Michelle
Owner's reply
Thank you for your kind words! We aim to provide excellent and professional customer service across all our offerings. Feel free to reach out if you need any assistance in the future. Best Regards, Magnus Credit Pte Ltd +65 6338 9891 301 Ubi Ave 1 #01-279 Singapore 400301 www.magnuscredit.com.sgTrustindex verifies that the original source of the review is Google.
I was attended by Fiona. She is lovely, super attentive to what I wanted & she even gave a better option for me. I really do recommend Fiona!
Owner's reply
Thank you for sharing your positive experience with us. We're delighted to know that you had a hassle-free loan experience with our professional team. We work hard to provide trusted and personalized services to meet our clients' needs. If you need further assistance, don't hesitate to reach out. Best Regards, Magnus Credit Pte Ltd +65 6338 9891 301 Ubi Ave 1 #01-279 Singapore 400301 www.magnuscredit.com.sgTrustindex verifies that the original source of the review is Google.
Fast approval and good service by Fiona, thank you Magnus Credit
Owner's reply
Thank you for your kind words! We are glad to hear you had a positive experience with our fast approval process and professional customer service. Should you need any assistance in the future or have any questions about our legal and trusted loan options, feel free to reach out! Best Regards, Magnus Credit Pte Ltd +65 6338 9891 301 Ubi Ave 1 #01-279 Singapore 400301 www.magnuscredit.com.sgVerified by TrustindexTrustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more
Apply for the financial support you need in just 2 minutes!
A PHV/Taxi loan is a personal loan tailored to help drivers overcome the financial challenges they encounter in their line of work.
To qualify for this loan, you must meet the following basic requirements:
You will also need to provide the following documents:
The interest rate is determined based on your profile and our risk assessment.
If all documents are complete, approval times in a few minutes. Visit our office for face-to-face verification and get the funds on the spot.
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.
Bank loans usually offer larger amounts and lower interest rates but have stricter eligibility criteria. Licensed moneylenders provide faster approvals and are more lenient with credit scores.
Magnus Credit stands out as a top-tier licensed money lender in Singapore, offering no-collateral business loans with fast approvals, competitive rates, and flexible repayment terms, ensuring a response within 24 hours.
Our efficient and professional loan officers ensure you fully understand your loan terms before signing.
Call us for assistance at 6338 9891 to answer all your queries about a personal loan with us.
Get a real-time estimate of what you get and your monthly loan instalments.
Visit our office and speak to our friendly and professional loan specialists.
Send us your online application which only takes 2 mins.
Get the answers to your enquiries.