Delivery Riders Loan

LSD PrestamoDelivery Riders Loan

Get To Know About Delivery Riders Loan

Don't Let Surprise Expenses Hinder Your Deliveries!

Delivery riders are the unsung heroes of the on-demand economy, tirelessly ensuring our favorite meals and essentials reach our doorsteps. Yet, unforeseen expenses like medical bills or minor repairs can hinder their earning potential.

At LSD Prestmo, we grasp the distinct challenges delivery riders confront. Our expertise allows us to offer tailored loan solutions, swiftly getting them back on the road. With a dedicated team of experts, we guarantee top-notch service, empowering delivery riders to overcome financial obstacles confidently.

Don't let anything interrupt your work. Apply now to unlock the support you need and keep delivering without disruptions.

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03-7865 5766

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Am I eligible for a Delivery Rider Loan?

At LSD Prestamo, we keep things nice and simple. As long as you meet these four criteria, you can apply for a loan.

Be over 18 years old

Employed for at least 3 months

Must be a Malaysian or MyPR

Own a vehicle registered in your name

Free to Apply • No Upfront fees • Same Day Approval

Don’t let financial constraints hold you back!

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Delivery Riders Loan FAQs

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What is LSD Prestamo's Delivery Riders Loan?

Our Delivery Riders Loan is a tailored financing solution designed specifically for delivery riders. It provides financial support to help you grow and expand your delivery business.

Am I eligible for a Delivery Rider Loan?

To be eligible for a Delivery Rider Loan with LSD Prestamo, you should generally meet the following criteria:

  • Aged between 18-50 years old.
  • The applicant is not bankrupt.
  • Have a valid B1/B2/D driver’s license.
  • Be a registered rider with a reputable delivery platform.
  • Have a valid reservation with a registered e-hailing company.
  • Transaction statements for the last 3 months.
  • Latest 3 months bank statements.
  • Meet minimum income requirements (details will be provided during application).
  • Have a positive credit history (a good sign, but not always mandatory).
  • Proof of Address.
How much can I borrow with a Delivery Rider Loan?

LSD Prestamo offers loan amounts specifically suited to delivery riders’ needs. The exact amount you can borrow will depend on your individual circumstances, including your income and creditworthiness. But typically range from RM1,000 to RM5,000.

What can the loan be used for?

The loan can be used for various purposes including purchasing new equipment, upgrading existing equipment, expanding your delivery fleet, or covering operational expenses related to your business.

What are the interest rates and repayment terms?

We understand that delivery riders have variable income streams. LSD Prestamo offers competitive interest rates and flexible repayment terms designed to fit your budget. The specific rates and terms will be presented during the application process based on your unique situation. For more details, see our rates and fees page.

How do I apply for the Delivery Riders Loan?

You can start the application process by filling out our online application form on our website. Alternatively, you can visit our office to speak with a loan consultant who can guide you through the application process.

How quickly can I get approved for a Delivery Rider Loan?

LSD Prestamo prides itself on a fast and efficient application process. In many cases, you can receive a loan approval decision within minutes of completing your online application.

Can I apply if I have a bad credit history?

We understand that financial circumstances can vary, and we assess each application on a case-by-case basis. While a bad credit history may affect your eligibility, we encourage you to apply and discuss your situation with one of our loan specialists.

Are there any prepayment penalties if I pay off my loan early?

No, there are no penalties for early repayment. In fact, paying off your loan early can save you money on interest charges.

Can I apply for additional funds in the future?

Yes, if you have successfully repaid your initial loan and meet our eligibility criteria, you may be eligible to apply for additional funds to further grow your business.

Is my personal information secure when applying for a Delivery Rider Loan?

LSD Prestamo takes data security very seriously. We employ robust security measures to protect your personal information throughout the application process. See our Personal Data Protection page.

How can I contact LSD Prestamo for further assistance?

You can reach our customer service team via phone, email, or visit our office during business hours. We’re here to help you with any questions or concerns you may have throughout the loan process. 

WE'RE REAL PEOPLE AND WE'RE HERE IF YOU NEED US

Need financing? We've got you covered! Our friendly financing experts can answer your questions and help you find the perfect option. Call us on 03-7865 5766 or chat with us on WhatsApp.

Terms and Conditions

Loan terms

LSD Prestamo offers interest rates subject to availability and approval, tailored to each borrower's unique credit assessment determined by LSD Prestamo's proprietary credit scoring system.

Approval

To gain approval, one must align with LSD Prestamo's credit criteria and adhere to responsible lending standards. Various fees, charges, as well as terms and conditions are applicable.
Speed of approval

Speed of approval is conditional on receipt of all requested relevant documents or information.

Establishment Fee

The establishment fee is added to the loan amount paid over the duration of the loan. More info, see our rates and fees page.

Cancellation

An incomplete application will automatically be canceled within 7 working days from the date of application.

Disclaimer

Our loan calculator offers an estimation based on the provided example data. Actual loan terms, rates, fees, and repayments may vary upon individual credit assessment. Please refer to our Interest rates and fees for specific details. It's important to note that this is not an offer, and all applications are subject to terms and conditions, approval, and funding availability.