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Loan Details
Max loan amount

6x of your salary

Min age to qualify

21 years old

Max loan tenure

24 months


Personal Mobility Devices (PMDs) have received quite the flak recently. People whisk on these devices dangerously, endangering not only their lives but the lives of others as well. There have been a substantial number of PMD accidents in the year alone. This led the government to consider banning PMDs if the behaviour of riders do not see an improvement.

That said, PMDs are still a convenient mode of transport for many. PMDs are extremely popular because Singaporeans strive to reduce the use of cars, in line with the government’s philosophy of building a more eco-friendly, car-lite society.

PMDs are also convenient solutions for short distances, whether you are mobility-challenged or not. You can use them both on footpaths and cycling paths, and they will help you enjoy some fresh air rather than always being stuck in a car, bus or train.

They also greatly benefit PMD riders who work with food delivery firms. As these riders get paid for every delivery they make, having a vehicle that is fast and convenient will ensure that they have sufficient earnings for the day.

On the other hand, portable electric wheelchairs are also very convenient for those who are mobility challenged. With the help of a portable electric wheelchair, they are able to travel around and even land themselves a job.

If you are mobility-challenged, you might need a portable electric wheelchair. It might prove to be convenient for doctor’s visits or physiotherapy appointments. These electric wheelchairs cost at least $2,000 if they’re high-quality, but can cost as much as $15,000.

However, you should not let these figures deter you from getting a PMD / Portable electric wheelchair. At Loan Street Singapore, we understand how much these PMDs/Portable electric wheelchairs can make a difference to one’s life. This is why we have specially tailored a PMD / Portable Electric Wheelchair Purchase Personal Loan to help you make up for the deficit you require to purchase these mobility devices.

A few months back, Mr Terry Quah came to us at Loan Street Singapore asking for financial help. His 85-year-old mother had had hip replacement surgery a few years back and she never recovered properly. She could move around the house and to the nearest store with a walking aid, but this didn’t help her for long periods of time.

Terry’s mother wanted to stay active, to play with her grandchildren and the family dog, and to contribute to daily chores, such as cooking and dusting. However, constantly sitting and getting up with the walking aid was problematic, and a regular wheelchair was too bulky for the house.

Terry settled on purchasing a UNI-CUB automated wheelchair for his mother. She can now sit on this device and move around the house easily, to play hide-and-seek with her grandkids and to cook her famous Pandan cake.

At Loan Street Singapore, we understand that everyone has different needs. Some people want a quick PMD that gets them to work, others want a PMD that makes family time more fun, while others have medical conditions that make PMDs a necessity. This is why we offer a customizable PMD/ Portable Electric Wheelchair Purchase Personal Loan, which covers the cost of:

  • The device or installments
  • Renting a PMD/ electric wheelchair
  • Battery charges
  • Extra add-ons
  • Shipping
  • Extended warranty

Launched in July 2019, Loan Street aims to provide even more financial assistance to Singaporeans and Permanent Residents (PRs). We also aim to help educate the borrowers on the differences between licensed and unlicensed money lenders (loan sharks) so that they do not fall into the debt trap. To provide more assistance, Loan Street has launched and built the Learn-and-Succeed community that helps individuals upgrade their knowledge, hard skills and soft skills so as to secure better salaries and a higher standard of living. Our objective of the community is for everyone to upgrade and live even better than before.

Loan Street researches on all 158 licensed money lenders in Singapore and narrows down the best financial institutions. With Loan Street’s help, you will be able to secure a PMD / Portable Electric Wheelchair Purchase Personal Loan at an inexpensive and reasonable amount of interest rate. There will also be regular monthly settlements that are affordable so that your wallets will not be strained further. At the same time, our community will be able to help you upgrade your skills and life.

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