Drive home your new fast, fuss free, eco-friendly car.
Looking to upgrade your car?
GXS AutoLoan makes EV and hybrid car ownership more affordable for Grab driver-partners.
Affordable car loan.
Up to 100% car loan.
Valid till 31 December 2026. T&Cs apply.
Up to S$37.5K in
car discounts.
Up to S$37.5K in car discounts.
- Up to S$30K in government rebates (for EV only)
- Up to S$7.5K off the car price with our partner dealers²
Valid till 31 December 2026. T&Cs apply.
Additional
savings each month.
Additional savings each month.
To buy or to rent?
It comes down to your cash flow and how long you plan to drive. Here's the honest trade-off, plus the savings owning can unlock.
Buy
Rent
Best for:
Committed PHV drivers, who have a longer horizon and high daily mileage.
New drivers, or those who expect low daily mileage.
Car financing:
Affordable car loan rate of 2% p.a. and no fees with GXS AutoLoan.
Daily rental fee.
Monthly cost of ownership:
You'll have to service monthly car loan and road tax, but enjoy daily savings on the high costs of fuel.
You pay rental fees, and the car must be returned at the end of the tenure.
Should you stop private hire driving:
Sell or trade-in the car to get back some cash.
Return the car to the rental company without residual value.
Owning a car can give you long term savings.
Estimated monthly savings of drivers who own their car, versus renting.
Savings that drivers who own an EV can expect to enjoy when they choose EV over petrol.
*Estimated at ~S$900 for a Grab driver-partner.
Specials for Grab driver-partners.
Finance with GXS AutoLoan at a preferred dealer to enjoy special discounts and promotions.
Inclusive of free servicing, battery warranty and vehicle warranty.
Promotions differ with each dealer.
Book your test drive today.
Make an appointment with our partner dealers to view your car and lock in your GXS AutoLoan specials. Or, browse the Grab Rental marketplace if you're still deciding.
Singapore's No. 1 Selling Automotive Brand
Driven by innovation, trusted by thousands, and leading the way in electric mobility.
Choose between the long-range, all-electric AION V and the executive 7-seater PHEV GAC E9, and enjoy up to $3,000 in savings.
Loan eligibility.
Applicant must be at least 21 or at most 70 years at the time of application.
Applicant must be a Singapore Citizen or Permanent Resident.
READY?
Got questions?
We got answers.
Can I use any government incentives or tax rebates for this programme?
Yes you may for EVs. The specific rebates are:
- EV Early Adoption Incentive (EEAI): Provides 45% off the Additional Registration Fee (ARF), capped at S$7,500 for fully electric cars registered through December 31, 2026. This incentive ends completely on January 1, 2027.
- Vehicular Emissions Scheme (VES) Band A: Fully electric cars qualifying for top-tier clean emissions receive an ARF rebate of S$22,500 in 2026, dropping to S$20,000 in 2027.
You can refer to the LTA website for the complete list of tax rebates here.
Who is eligible for the GXS AutoLoan?
The minimum eligibility criteria for this programme are the following:
- You are at least 21 or at most 70 years of age at the time of application
- You are a Singapore Citizen or Permanent Resident
- You are not bankrupt at the point of application
Please note that GXS AutoLoan applications are subject to the Bank's credit policy.
For Grab driver-partners, verify your driver status with our partner dealers to enjoy special perks and exclusive benefits on your loan!
How fast can I get in-principle approval at the dealership?
Applications are processed quickly, with in-principle approval delivered via email in as fast as within the same day.
Can I make extra loan payments or pay off my loan early? Are there any penalties?
Yes, you may choose to make extra payments or pay off your loan early. Please contact our auto loan service provider, GB Helios, for detailed instructions.
Hotline:
8918 4405 (WhatsApp Message Only)
Monthly installments / GIRO enquiries:
gxsloan@gbhelios.com.sg
Full settlement enquiries:
FinOps@gbhelios.com.sg
What happens if I am unable to pay on time for one month?
Late interest and fees will be charged to your auto loan account if you do not make timely repayments. Please ensure your GIRO account has sufficient funds or that timely cash deposits are made into your designated loan repayment account.
Homegrown bank, backed by homegrown parents
GXS holds a bank license issued by the Monetary Authority of Singapore.
It is backed by a consortium consisting of Grab Holdings Inc., Southeast Asia’s leading super app and Singtel, Asia’s leading communications technology group.
GXS is a separate entity and is not associated with Grab Holdings, Singtel and their entities. The GXS Savings Account is provided by GXS.
¹ To be eligible for 2% p.a interest rate:
i) you are a new GXS AutoLoan customer, i.e. you applied for and entered into a Hire Purchase Agreement with the Bank between the date of this message and 31 Dec 2026 (both dates inclusive)
ii) you are a Grab Driver-Partner (DAX)
iii) you apply for a GXS AutoLoan towards the purchase of a new or used electric vehicle (EV) or hybrid electric vehicle through any dealer listed in this message
iv) such GXS AutoLoan has a loan amount of at least S$100,000 and such loan has a tenure of not less than 7 years.
² Promotions differ with each dealer.
³ Applicable to EV and Plug-in Hybrid.
GXS AutoLoan Hire Purchase Agreement Standard Terms and Conditions shall apply. For full terms and conditions, please visit www.gxs.com.sg/autoloan-terms.
Approval of all GXS AutoLoan applications is subject to receipt of all supporting documents and further review, and entering into a Hire Purchase Agreement. GXS Bank reserves the right to approve or reject your application without providing any reasons.
Authorised Agent: GB Helios Pte Ltd is an agent of GXS Bank Pte. Ltd. and is authorised to assist in your online loan application process, and address your queries regarding your application. Your final Hire Purchase Agreement and, if applicable, Guarantee will be issued electronically via email, and will not be in a physical document.
The computation and results in the calculator above are for illustrative purposes only and do not constitute a financing offer. GXS Bank makes no representation or warranty as to the accuracy, correctness or completeness of the computation or results obtained, and will not under any circumstances accept responsibility or liability for any errors or omissions or for any losses arising from use of or reliance on the calculation.
The GXS AutoLoan is provided by GXS Bank. GXS Bank holds a banking licence and is regulated by the Monetary Authority of Singapore.
.png)
