GrabRentals Booster Plan
GrabRentals Booster Plan is an initiative meant to support GrabRentals Hirer-Partners during the COVID-19 period. Eligible GrabRentals Hirer-Partners will be offered the following forms of financial support:
0% commission* on Grab rides
(6 Apr 2020 - 4 May 2020)
30% rental waiver
(up to $20 daily)
(7 Apr 2020 - 4 May 2020)
20% rental deferment**
(up to $14 daily)
For 6 months
Eligibility
How long till your current contract ends?
Less than 12 months
12 months or longer
New Contract & Hirer-Partners on regular contract (excluding 'No-Frills')
What benefits will you qualify for?
Automatically enrolled
0% commission* from 6 Apr - 4 May 2020
30% rental waiver ($20 daily)
from 7 Apr 2020 - 4 May 2020
Automatically enrolled
0% commission* from 6 Apr - 4 May 2020
30% rental waiver ($20 daily)
from 7 Apr 2020 - 4 May 2020
Sign/Extend contract till Apr 2021
20% rental deferment** for 6 months ($14 daily)
Opt-in (no-contract extension needed)
20% rental deferment** for 6 months ($14 daily)
Hirer-Partners on 'No-Frills' contract
What benefits will you qualify for?
Automatically enrolled
0% commission* from 6 Apr - 4 May 2020
30% rental waiver ($15 daily)
from 7 Apr 2020 - 4 May 2020
Automatically enrolled
0% commission* from 6 Apr - 4 May 2020
30% rental waiver ($15 daily)
from 7 Apr 2020 - 4 May 2020
Sign/Extend contract till Apr 2021
Additional $5 daily rental waiver till 4 May 2020 ($15+$5=$20 in total)
20% rental deferment** for 6 months ($14 daily)
Opt-in (no-contract extension needed)
20% rental deferment** for 6 months ($10 daily)
*Applies to Main-Hirer only. 0% commission applies only to GrabRentals main-hirers doing Grab rides in their GrabRentals vehicle.
**Eligibility for 20% rental deferment programme is subject to approval.
FAQs
From 7 April to 4 May, all drivers will be getting a top-up of $20 (for new hirer-partners and existing hirer-partners on regular contract) or $15 (for existing hirer-partners on ‘No-Frills’ contract) to their credit wallet on a daily basis. This is automatically applied and therefore no opt-in is necessary.
This is an opt-in scheme where we will apply a $14 or $10 daily rental deferment (depending on your contract type) for the first 6 months, and collect back the deferred amount in the subsequent 6 months.
For hirer-partners with less than 12 months valid contract balance, you will be required to do a contract extension until Apr 2021.
Here’s an illustration for an existing hirer-partner on regular contract who has chosen to extend his/her contract till Apr 2021:
Contract Length | Rental Deferment Period |
| 3-Month (91 days) | 1 Month |
| 6-Month (182 days) | 3 Months |
| 12-Month (364 days) | 6 Months |
| 24-Month (728 days) | 12 Months |
Here’s an example:
Mr Chua signed a 6-month contract with GrabRentals on 14 Apr 2020 at a $51.95 daily rental rate. He collected his car on 15 Apr 2020. He is eligible to defer $14 of his daily rental for 3 months (to be paid back subsequently in the following 3 months), and also enjoys $20 rental waiver till 4 May 2020.
Month 1 | Month 2 | Month 3 | ||
| 15 Apr – 4 May | 5 May – 14 May | 15 May – 14 Jun | 15 Jun – 14 Jul | |
| Daily Rental Rate | $51.95 | $51.95 | $51.95 | $51.95 |
| 30% Rental Waiver | – $20 | $0 | $0 | $0 |
| 20% Rental Deferment | – $14 | – $14 | – $14 | – $14 |
| Net Rental | $17.95 | $37.95 | $37.95 | $37.95 |
3 months (91 days) later, from 15 July 2020 onwards , Mr Chua will be required to repay the total deferred rental amount via daily instalments. This amount will be paid back from 15 Jul 2020 till 13 Oct 2020.
Month 4 | Month 5 | Month 6 | |
| 15 Jul – 13 Aug | 14 Aug – 13 Sep | 14 Sep – 13 Oct | |
| Daily Rental Rate | $51.95 | $51.95 | $51.95 |
| 30% Rental Waiver | $0 | $0 | $0 |
| 20% Rental Deferment | $14 | $14 | $14 |
| $17.95 | $65.95 | $65.95 | $65.95 |
Yes, lease-to-own hirer-partners are considered as being on a regular contract.
In partnership with LTA, we’ve obtained approval for ALL our vehicles to carry out GrabFood and GrabExpress deliveries! Our cars are already covered with valid insurance so that our Hirer-Partners can start delivering as soon as possible to supplement your earnings. Find out more info on how to sign-up here.
Hirers are screened through our internal credit scoring system which has an element on history of payment defaults. If you had defaulted in your payment to GrabRentals and had gotten a message regarding your outstanding payment due, you will not be eligible for the deferment programme. You may appeal through grabrentals.sg@grab.com and we will attend to your request as soon as we can.
The team at GrabRentals is adapting to the environment and are working hard to ensure that we protect your needs as much as we can. Together with Grab, we are offering 0% commissions on Grab rides, exclusively for Main-Hirers from GrabRentals. We have also offered 30% rental waivers for 1 month (up to $20 daily) and 20% rental deferment for 6 months (up to $14 daily).
To further support your earnings, we’ve also activated your accounts for GrabFood & GrabExpress deliveries given the increased demand during this period.
GrabRentals works to be a sustainable business to serve you better. Thank you for showing your support during this period. Together, we can overcome this.
Terms & Conditions
To be eligible for this, Renter must:
- Have a PDVL or TDVL.
- Rent from GrabRentals’ own fleet.
- Have an active contract at the point of signing up.
- Make timely payment of all Rental Charges & CDW charges at all times.
- Make timely reporting of all accidents, thefts & other incidents in accordance with the Rental Agreement.
- Fulfil the rental contract agreed upon your rental agreement (Any early termination including temporary returns will result in the clawback of any benefits, incentive and/or reimbursement made under this programme)
To be eligible for the direct discount during the circuit breaker period, Renter will:
- No longer be able to claim any GrabRentals Beyond Loyalty Programme benefits such as Rental Holidays, Tenure-based Benefits, Rental Recovery Days until end of Sept 2020.
- Not be allowed to change his/her vehicle unless due to special circumstances.
To be eligible for the deferred payment scheme, Renter:
- Will be required to have at least a 12 months contract.
- Will be required to opt-in to the CDW scheme.
- Will not be allowed to change his/her vehicle unless due to special circumstances.
- Must pass our eligibility requirements.
- May be taken off the programme prior to the full 6-month deferment period if he/she fails any obligation as a Grab Driver Partner (with reference but not limited to, to Grab’s Code of conduct) or are delinquent on any of your rental and/or CDW charges, reverting your rental rates back to your original rental rate upon sign-up. In this event, your rental deposit may be forfeited to pay off the outstanding Suspended Rental Charges.
- Grab reserves the right to revert back to 100% of the rental fees if found ineligible due to reasons, including but not limited to, fraudulent activities, bankruptcy, default in regular payments from GrabRentals & other payment from all Grab Verticals.
- GrabRentals reserves the right to withdraw, amend and/or alter any part of this scheme and its terms and conditions at any time without prior notice.
- All other prevailing terms and conditions in the current Rental Agreement applies.
