Driver Announcements

What you need to know about a loan from Uber

September 3, 2019 / US

Whether you have an unexpected emergency, a sudden expense, or anything else that may come up, we’re excited to now offer a small loan to help you out. It’s just another way Uber is there for you. 

Below are some answers to questions you may have as you start to explore applying for a loan. 

How do I apply for a loan from Uber?

If you are eligible for a loan, you will see the Loan section in your Driver app. SImply select “Loan from Uber” in the Earnings section. You’ll then be taken through the application process. 

Will I have to pay interest on the loan?

We are happy to offer 0% APR on loan repayments..

Will applying for a loan affect my credit score?

We do not check your credit score, so  applying should have no impact on it. 

What sort of fees are involved with a loan from Uber?

There are no fees involved with your loan.

Where does the money from my loan get deposited?

Your loan will be deposited directly to a debit card or bank account that you select, just like your earnings.

How much money can I ask for?

Loan amounts vary by city. If you’re eligible for a loan from Uber, you’ll receive an email letting you know how much you’re able to apply for, or you can find it in the Loan section of the Driver app.

How do I repay my loan?

There are two ways to repay your loan: 

1. Repay as you drive or deliver

a. As you continue to drive or deliver with Uber, you’ll select a percentage of your daily earnings to go toward automatically repaying your loan. There are 3 options: slow, steady, and fast.

2. Make a manual repayment 

a. You can make a manual repayment at any time in the Loan section of the Driver app.

Can I take out more than one loan from Uber at a time?

You can only have one outstanding loan at a time. You cannot request a new loan for at least 7 days after you have fully repaid your loan. Loans are subject to availability.