Uber offers auto loans to attract drivers in Singapore
In a bid to boost its Singaporean driver pool, Uber has started helping potential drivers secure loans for up to 80% of a vehicle’s purchase price. To qualify, lenders must use dealerships partnered with Uber and upon purchase, register the vehicle as being for hire with Singapore's Land Transport Authority. Vehicle ownership in Singapore is notoriously costly due to high import duties and expensive certificate of ownership fees, so by helping drivers with finance, Uber is hoping to add drivers to its platform that may have been previously unable to join.

SINGAPORE -- Uber Technologies is helping potential drivers here secure loans for up to 80% of a car's purchase price, easing the high cost of vehicle ownership to expand the service network for its ride-hailing app.

Buyers must use dealerships partnered with the company and register the vehicle as being for hire with Singapore's Land Transport Authority to qualify. Loans of up to 80% for new cars and 70% for used cars are available.