Boundary hulog is a term used to describe the process of acquiring a vehicle by paying regular monthly, weekly, or daily dues for a given period of time. This is a very popular term, especially for Grab drivers who wish to acquire a car without the need for securing a loan from the bank. After all the dues have been paid, the ownership of the vehicle will be transferred from the operator to the Grab driver. This term is also becoming popular in Ankgas world because some of them could not secure a loan.
If you are looking for a Boundary Hulog scheme for active Grab drivers, this blog post might be for you. Below are the terms and conditions for this program.
Boundary Hulog Contract Includes
36 months to pay
Daily payment of 1,000 Pesos (free on coding days)
Additional 100 Pesos per day for savings (this will be used for maintenance and repairs)
Maintenance and repairs will be taken from 100 Pesos savings (see item #3)
All other expenses for the car not covered by item #5 will be covered by the DRIVER
The garage should be provided by the DRIVER
The OPERATOR will pay the monthly dues.
Mandatory vehicle inspection every SUNDAY at 8 AM
The driver is not allowed to sub-lease the vehicle.
Cashout 15,000 Pesos
Operator Responsibilities
Payment of amortization for the car loan
Weekly inspection of the vehicle
Renewal of required franchise for TNVS
Driver Responsibilities
Pay 15,000 Pesos for cashout
Daily payment to the operator of 1,000 Pesos
Save 100 Pesos per day for repairs, maintenance, car registration, insurance
Bring the car to the operator 1x a week for inspection
Bring the car to an auto shop for repairs and maintenance (get funds from the savings)
Buying and selling of stocks have never been this easy. With the use of your mobile phone and internet, you can now buy and sell stocks online. To get started with online trading, all you have to do is create an account and then put funds into your account. It is that easy! However, there are hundreds of online stock brokers available in the Philippines. Do you know which one is right for you? Don’t worry! I’ve hand-picked the BEST stock brokers for you. My list only contains brokers that are accredited by the Philippine Stock Exchange. You can be sure that they are safe and efficient enough to use.
Trade Stocks Online
Here’s a quick list of the best online stock brokers
Philstocks Financial Inc.
COL Financial (former Citisec Online)
First Metro Securities
BDO Nomura
Philstocks Financial Inc.
Philstocks Financial Inc. is a technology-driven online stock broker that allows users to perform online trading. I personally love to use their website because of its user-friendly design. Its interface can perform several functions like charting, buying and selling of stocks and viewing of transaction history. Opening an account with Philstocks is easy too. They only have few requirements and the minimum investment to open an account is only 5,000 Pesos.
Pros: Beginner friendly user interface
COL Financial
COL Financial or formerly known as Citisec Online. It is another great online trading platform worth trying. If not the pioneer, they are one of the pioneers of online stock trading in the Philippines. What I love about COL Financial is their dedication in providing stock market outlook on a daily and weekly basis. The info coming from them are very useful because it can help you make wise decisions while trading. Just like Philstocks, it is easy to open an account with them too. You can open an account for as low as 1,000 Pesos.
Pros: They provide insights that are very useful for the investing public.
First Metro Securities
First Metro Securities or First Metro Sec for short is the stock brokerage company under Metrobank Group of Companies. First Metro Sec is one of the most stable and efficient online trading platform available in the country. They provide FREE SEMINARS that can help you make wise investment decisions. If you have a bank account with Metrobank, funding your trading account will be very easy because it allows you to fund your account using your savings account. You will need 2,500 Pesos to open a trading account with them.
Pros: Free seminars
Other Online Stock Brokers
The list below contains other online stock brokers. I personally haven’t tried them yet so I cannot personally recommend them. The 3 stock brokers I mentioned above are the ones I highly recommend because I personally used those 3 and each has their own unique benefits.
Wealth can be attained through smart investment. Nevertheless, most people do not want to take a risk when it comes to investing. This is because individuals consider financial emergencies to be worth saving for rather than investments especially if you don’t have that much in your pocket.
However, even with little money, compounding interest can actually work. As soon as you invest, the interest will have a higher accrual and the more money is earned in the process. When you start earlier, you will eventually have a lesser burden on your shoulders in the future.
Both savings and investments are connected with each other. When you invest money, you always need to save a certain amount. This takes less time than what you think, and you may do it gradually as well. So here are five simple ways on how to invest with little money.
The Cookie Jar Approach
The cookie jar approach follows the principle that if you put a small amount in a separate container, for instance, 200 Pesos into a small safe, envelope or literally, the cookie jar on a weekly basis, then that amount will grow in no time. This is actually the first step towards investing with little money. The cookie jar approach is the counterpart of a savings account. In a savings account, money can be obtained instantly through ATM machine or over the counter when you need it urgently. When the stash grows larger, you may withdraw it and transfer it to other investment platforms.
Investing in Variable Universal Life Insurance (VUL)
According to Department of Health, the leading cause of death in the country are diseases. This makes investing in VUL one of the smartest way to grow your money. By following proper financial planning principles, you will learn that creating an emergency fund is the first step in financial planning. VUL not only creates an instant emergency fund for your family, it also builds wealth over time. Your money will be invested into different assets like savings account, bonds and stock market by top-notched fund managers in the country while giving you an instant emergency fund while at the same time grow your money.
Invest in Mutual Funds
Mutual funds refer to a certain kind of investment that
distributes your money across bonds and stocks. The main advantage of investing in mutual funds is that payments can be automatically set to come out of your
paycheck, so it will be less stressful on your part.
Nevertheless, one of the drawbacks of mutual fund investments is that it needs a bigger amount of money to be initially invested. But there are investment fund companies that can exempt you if you will be able to make amendments through contributions in small amounts such as $50 to $100 monthly. Through this, your investments can be utilized to collectively buy securities, but you still get to retain the control and ownership of your shares.
Crowdfunded Real Estate
It’s quite surprising to know that you can actually invest in real estate like house, lots and even memorial lots with little money. Through crowdfunded real estate, you can invest in as low as $1,000. You may collaborate with other real estate investors for the pooling of your money and the purchasing of a property. Through this, you become a partial owner of the property and profits earned from selling it will eventually be returned to you. If you’re interested to know more, you can read our detailed guides for investing in real estate.
Stock Options
Stock options should not be mistaken for stocks. Stock options refer to contracts that only provide you a small capability to buy and sell a stock. You can also purchase “calls,” or alternatives projected to increase in price; or “puts,” which have been projected to decrease. Handling stock options gets quite difficult and they may also appear to be risky. One benefit though is that you can begin with a small amount of money and later on, acquire bigger rewards.
Stock Market Movement
Certificates Of Deposit (CDs)
Certificates of Deposit (CDs) are considered to be one of the oldest and most ideal ways to invest your money. They are generally safe and clear in terms of what type of funds you will have to go away with. Using your bank or credit union, you can purchase a CD for a standard rate, and this will enable you to perceive how much money you need to make once the CD matures. CDs can also be used in investing in memorial lots, as they are less expensive than other forms of real estate investments. Security is not much of a concern when it comes to memorial lots, since they are just small pieces of land that need minimal maintenance. One of its disadvantages though is that CDs provide lower returns compared to other forms of investment, yet the risks are basically lower.
One of the keys to the establishment of wealth is through the
development of good habits, which involve saving up on a weekly or monthly
basis. If you will make investing as a habit, you will have a better financial
outlook and status along the way.
With the traffic situation in Metro Manila worsening each day, Filipinos keep on finding ways to lessen the time they commute to and from their houses. Thankfully, technology has found a way to lessen this burden by allowing you to book your transportation right from your mobile phones.
Riker Partner on a motorcycle with its passenger
What is Angkas?
Founded in 2016, Angkas became the go-to motorcycle ride-hailing platform for most Filipinos today. What they lack in comfort, they make up for by being quick and convenient. The passengers cut their commute times in half, and at even more than half the cost too! The service also offers upfront and reliable pricing schemes and, given their lower emissions, lets you enjoy a sustainable alternative to your everyday transportation.
To date, their riders have reached over 27,000 who they call and treat as their partners in their advocacy to improve transport services in the country. But with Metro Manila having a population of 12.88 million, 27,000 rider-partners won’t be enough to offer its services to everyone in the city. This is where you, the future rider, come in.
Earn while you drive
Aside from your genuine interest to help solve our traffic problems, becoming a rider also gives you the chance to earn. Those who have committed to work full time and earn as much as 1,500 Pesos a day. But if you have a day job and would like to become a biker on the side, you can earn as much as 800 Pesos.
Take control of your time
What makes becoming a rider the ideal job is that it gives you total control over your time. You are your own boss! You can set your own schedule with no one to monitor what time you’ll clock in or out. You can have long breaks in between shifts too. You can manage your own time and still earn more than enough. It all depends on how hard you work on helping your fellow Pinoys move from point A to point B.
Free training
The company provides free training for its partners. One of the trainings that they provide is motorcycle driving safety training. This is essential to keep both the driver and the passenger safe while traveling to their desired destination.
On top of the motorcycle driving safety training, the company also provides free customer service training. The customer service training was designed to keep the customers satisfied with the kind of service that the driver is providing.
Age: Anyone between 21 to 55 years old can apply to become a rider. However, if you are aged 51 to 55, you will need to present a medical certificate so that the company will know that you are fit to work.
Vehicle: Motorcycles manufactured from 2013 or newer AND within the 100-200 cc range are allowed. Accepted brands are Honda, Kawasaki, Suzuki, Yamaha, SYM, Euro, and Kymco.
Mobile Phone: To get bookings, you will need to have your own mobile phone with Android version 6 or newer installed. Only the following mobile phone brands are accepted: Samsung, Huawei, Oppo, Vivo, Asus, Acer, Cherry Mobile, and Starmobile.
Rider Application Requirements
Original NBI clearance
Original Police / Barangay clearance
Photocopy of the motorcycle’s OR-CR
Photocopy of valid professional driver’s license (2 copies)
If you are not the
registered owner of the motorcycle, you must submit:
Authorization Letter and/or Deed of Sale
Photocopy of the ID of the registered owner
Application Process
Once all your requirements are complete, the next step you need to do is to fill out the online Rider Registration form.
You will need to have an email address from Gmail. Other email platforms, like Yahoo, will not be accepted.
You will need to provide your mobile phone’s IMEI 1 details. If you don’t know how to look for your phone’s IMEI, we’ve listed the instructions below.
Wait for someone from the company to call you to schedule your half-day processing. This already includes your safety training and skills assessment.
Assuming all your documents are okay, have completed the training, and have your phone set up, congratulations! You are now a rider and can start earning money right away.
How do I get my phone’s IMEI information?
IMEI numbers are usually listed on the box of your mobile phone.
If you no longer have the box, you can go to your phone’s dialer, key in *#60#, and press the call button.
If these solutions do not work, here are links to the instructions on how you’ll get your IMEI: Samsung, Oppo, Asus, and Acer. For Vivo, Cherry Mobile, and Smart mobile users, please contact their customer service hotlines.
LET’S RECAP
Angkas is surely one of the better ways to get to places within Metro Manila. It’s affordable and reliable, and it will never allow its passengers to be late for their next appointment. In addition, they help future riders like you to earn more income—whether you go full-time or do it on the side. Not only are you able to help your fellow Pinoys out with their commuting problems, but you are also able to earn money for yourself and your family.
Don’t forget: gather all your documents, fill out the online application form, wait for your processing schedule, attend the training and pass the skills assessment, and congrats! You are now a certified rider.
To get the latest updates from the Angkas Team and to keep in touch with your fellow riders, don’t forget to like and follow https://www.facebook.com/AngkasBarkadaPH/.
With prices of goods rising each and every year, more and more Filipinos are searching for ways to make more money. The good news is, the Philippine economy is also improving and this improvement is creating more opportunities for the people.
One of the popular ways that Pinoys are exploring right now is the use of a motorcycle. In this blog post, we’ve come up with a list of ideas on how you can earn money using a motorcycle. Here is what you need to know:
1. Motorcycle Rental
A motorcycle rental business is fairly simple. The owner of the motorcycle can make money when someone rents the vehicle over an agreed period of time. There are 3 different ways to do this business
Use the vehicle as tricycle – This is the old way to make money using a motorcycle. This works by attaching a sidecar to your vehicle and using the motorcycle to transport passengers. You earn by collecting a rental fee from the driver or you can drive it yourself during your free time.
Regular Motorcycle Rental – In the province, there are motorcycle rental companies that charge 150 Pesos per day as rental fees for the motorcycle. Gas is not included yet. If you are in Metro Manila, you can also do the same and charge at a higher price.
Rent it to motorcycle taxi drivers – This is the newest way to make money using your motorcycle. There are companies these days which help you find your passengers using a mobile app. You earn by fetching and transporting your passengers to their desired destination. Among the popular companies that offer this kind of service are Angkas, JoyRide, GrabBike and Move It.
2. Door to Door Delivery
Another popular way to make money using a motorcycle is by providing door-to-door delivery service. A few years ago, finding clients for this kind of business is close to impossible. Nowadays, there are mobile apps like Lalamove,Angkas Padala, GrabExpress which makes it easier for you to find your own clients. You need to sign up first as a driver before you can use the app. Each mobile app has a different process and we will discuss it on a separate blog post.
Lalamove Partner Driver Riding a Motorcycle (source: Lalamove)
3. Food Delivery
Just like door-to-door package delivery, food delivery is becoming popular these days. People nowadays prefer to order food using a mobile phone and eat at the comfort of their home. Like door-to-door delivery, you can register as a service provider and make money each time you completed a transaction. You can choose from a variety of food delivery companies like Lalafood, FoodPanda, Zomato, Mangan.ph, and Grab Food.
A Lady Driving as FoodPanda Partner (source: windowonphuket.com)
4. Motorcycle Taxi
If you are familiar with GrabCar, Motorcycle Taxis like Angkas, JoyRide and Move it is basically the same except that it uses motorcycles instead of cars to transport passengers. The fare that the passengers pay depends on the distance between their pick-up point and their drop-off point.
Motorcycle accidents are one of the most tragic yet relevant news that we see and hear on the news almost every day. This calls for a need for driving lessons offered by professional trainers. You can apply to a company where they offer courses in motorcycle driving. Yamaha Motor Philippines has a Riding Academy that teaches safe motorcycle driving. They teach you different field exercises like how to pull the brake and the likes. They also teach you important lessons that most drivers often fail to follow. In order for you to make money, you can apply as a trainer.
Another way to do this is to offer driving lessons as a freelancer. You can start offering your service to your friends and ask for referrals to grow this business.
Motorcycle tours can be very exciting and thrilling. A bike tour allows you to travel to different destinations and get paid by guiding other bikers on their journey. You get paid for every biker that will join your tour. This is not a popular business opportunity yet here in the country but in the future, we know it will. You can explore this kind of business and tell us about your experience.
Last year, Move It Mototaxi and JoyRide Philippines were gaining traction from the public after being announced that they will be part of LTFRB’s experiment that will test the viability of having motorcycles as a means of public transportation. Minutes after the announcement, thousands of interested drivers were looking for Move It Mototaxi Driver RegistrationProcess on the internet.
After installing the mobile app on your phone, you will need to create an account and upload the requirements using the mobile app. All requirements must NOT be expired during the application. Be sure to submit unexpired requirements to prevent your application from being rejected. There are only 6 requirements that you need to submit. Here are as follows:
Barangay clearance or Police Clearance
NBI Clearance
Professional Driver’s License (non-pro driver’s license is not allowed)
OR / CR of the motorcycle
Photo of the motorcycle
Clear presentable formal photo of yourself (selfie)
After uploading the requirements on the mobile app. Wait for the admin’s approval. Only after the admin’s approval can you start using Move It mobile app as a driver.
Before we start, it is very important to know what TNVS means and who are eligible to apply for TNVS.
What is TNVS?
TNVS MEARNING: TNVS or Transport Network Vehicle Services is the term used to describe the services provided by operators of Grab, Hype, OWTO and Snappy. In order to become a TNVS operator, you need to get a Certificate of Public Convenience (CPC) from the LTFRB (Land Transportation and Franchising Regulatory Board). It is important to know that only the operator whose name appears in the vehicle’s ORCR can proceed with the LTFRB TNVS application. This means that all requirements and information that will be provided should be in the name of the vehicle owner.
6 Steps on How to Process Your LTFRB TNVS Application
Get an appointment for case number application from LTFRB’s Online Portal
Prepare the requirements
Go to LTFRB’s office on your appointment date and submit the requirements
Get your provisional authority (PA)
Attend the CPC hearing on the date provided by LTFRB
Get your CPC
STEP 1: Get an appointment for case number application
LTFRB provides a schedule for securing an appointment date for case number application. Only on the given schedule can you access LTFRB’s TNVS Online Portal. Be sure that you have the necessary information required for securing an appointment.
Required Operator Information are as follows:
Name
Birth date
Gender
Home Address
Email Address
Valid Cellphone Number
Required Vehicle Information are as follows:
Conduction or Plate Number of the vehicle
Vehicle Make (ex. Mitsubishi Mirage G4)
Year Model (YYYY)
Engine No./MV Number
Chassis Number (found in the vehicle’s CR)
Allowed Vehicles
Not Allowed Vehicles
Year model 2017 or higher
Year model 2016 and below
MPV, SUV, AUV, 4 door sedan
Hatchback
If you have the complete information already, visit their online portal here: http://ltfrb.ph.net/tnvs/ and pick a date for your appointment. An email containing a verification code will be sent to you. Key in the verification code in LTFRB’s portal to continue. Once successful, you will receive another email containing your appointment date plus 3 attachments that you need to print.
Step 2: Prepare the TNVS Application Requirements
The confirmation email sent to you by LTFRB contains 3 attachments which include the LTFRB application form. Print in legal size bond paper (long bond paper) 4 copies of the operator’s data sheet and 4 copies of LTFRB application form and 1 copy of the confirmation email. You will present the confirmation email to LTFRB as proof that you have an appointment.
A printed copy of email confirmation
Long Orange Folder (put all requirements here)
Notarized Verified Application form (4 copies)
Notarized Operator’s Data Sheet (4 copies)
Proof of Filipino Citizenship (voter’s id, birth certificate, passport or marriage certificate)
Photocopy of vehicle’s ORCR
Photocopy of valid government ID
Step 3: Submit the Requirements to LTFRB Office
On your appointment schedule, bring the TNVS application requirements to LTFRB East Avenue, Quezon City office. Be sure to fasten the requirements inside the long orange folder. LTFRB will not accept your application if the documents are not fastened properly.
Application cost about 890 Pesos. Here are the breakdown of fees:
New Application Filing Fee – 510 Pesos for the first 2 vehicle units
Additional 70 Pesos for 3rd vehicle unit
Inspection fee of 50 Pesos
LRF – 10 Pesos
PA Fee – 250 Pesos
Step 4: Get your Provisional Authority (PA) from the LTFRB Office
LTFRB will give you the date of availability of your PA. Go back to LTFRB office on the said date to secure your PA. You will need to submit Proof of Garage, a photocopy of verified application form, Certificate of Conformity (CoC) from the bank and Passenger Insurance from PAMI or SCCI.
Requirements for proof of garage:
Google Map of the location of the garage
Garage dimension (Length and Width)
Transfer Certificate of title or Tax Declaration in the name of the land owner
For those with 3 units, LGU Zoning Certificate is also required
Step 5: Attend the hearing for your CPC
Before you attend the hearing for your CPC, be sure to prepare all the necessary TNVS requirements. Going there with incomplete requirements will just give you inconveniences. I have listed below the requirements for you.
List of TNVS Requirements
Formal Offer of Documentary Evidence
Proof of Publication
Certificate of Acceditation and Good Standing
Affidavit of the Applicant
Photocopy of passenger insurance from PAMI or SCCI
Photocopy of any of the following: Passport, Birth certificate, voter’s ID, marriage contract.
Statement of Financial Capability
Bank Certificate as Proof of Financial Capability (with at least 50,000 pesos credit)
Business Certificate of Registration
DTI Certificate of Business Name Registration
Location of Garage (go to Google Maps and print the location of your garage)
Garage Dimension
Photocopy of Transfer Certificate of Title (TCT) where garage is located
Operator’s Data Sheet
Photocopy of Driver’s license (the license of the one who will drive the vehicle)
Photocopy of your driver’s NBI clearance
Photocopy of your driver’s Police clearance
Photocopy of OR/CR
Certificate of Conformity
Front photo of the vehicle with newspaper included in the photo (plate number must be clearly visible)
Back photo of the vehicle (plate number must be clearly visible)
Left and right photo of the vehicle
Scan all the requirements listed above an put it in a CD
Note: Be sure to fasten all requirements in a long white folder.
Step 6: Wait for your CPC
Once approved, LTFRB will send to your house a copy of your CPC. Upon securing the document, you are now an accredited TNVS. But wait, there’s MORE! Although you can already use your vehicle for TNVS, you still need need to change your plate number from private vehicle plates to public vehicle plates. More details on this will be discussed later. For now, time to celebrate your CPC! Congrats!!!
I’ve been in the Grabcar business since 2017. During that time, the LTFRB doesn’t care much about TNVS industry and other ride-sharing platforms. The driver’s income was also higher because Uber and Grab are still competing with one another. As of this writing, I am still operating my business but this time I already have my franchise issued by the LTFRB which allow me to legally operate my business. This business is not easy to operate but it is very rewarding. Allow me to share with you my learning as a Grabcar peer (operator).
My First Encounter with TNVS
My first encounter with TNVS was with Uber when I became its passenger. The first thing that comes to my mind when I first used Uber is that it is very convenient but it was very expensive too! The cost of the ride from Mandaluyong to Makati was around 500 Pesos. Despite the cost, I still felt that it was worth it because it is really very convenient. I didn’t need to wait too long to get a ride. I’ve been trying to hail a taxi but they kept refusing to give me a ride. It was then that I realized that TNVS is a good business venture.
Buying a car
The first car that I bought for TNVS business was a brand new Mitsubishi Mirage G4 2017. There are 4 reasons why I chose this car and these are:
It is fuel-efficient
It has low monthly amortization (12,987 Pesos per month)
It is affordable to repair
The replacement parts are easier to find
Fuel efficiency is very important in this kind of business. As we all know, the price of gasoline in the Philippines is very expensive and it continues to go up every year. In order to increase the income of your driver, your car must be fuel-efficient. If your driver will not earn, then your driver might quit if he doesn’t find driving profitable.
Amortization Cost is your biggest expense every month. Buying a car that have higher amortization cost doesn’t make sense to me. I don’t intend to use the car personally so I didn’t consider buying a fancier car. The lower the amortization cost, the easier it is to profit from the business. PERIOD.
Repair and maintenance cost is also a regular expense that you have to shoulder every month. I make sure I regularly change the oil to keep the engine running in good condition. I also make sure that the mechanic checks all possible damages so that we can repair it immediately. Mitsubishi auto parts are cheaper that is why my repairs and maintenance cost is lower compared to other TNVS operators who are using another brand of cars (except for Toyota of course).
Replacement parts for Mitsubishi Mirage are easier to find too! Since the car will be used almost every day, wear and tear of the auto parts are inevitable. I need to be sure that I can easily find the replacement parts.
Grabcar Operating Cost
LOOK! There are many things that you need to prepare for so make sure you handle your finances effectively. When I was just starting, I used all the money that I earned and didn’t save much for emergencies. I almost lost the car when it had to be repaired due to an accident and I don’t have many funds to pay for the amortization. LESSON LEARNED. Avoid this mistake if I were you. There are also other things that you need to prepare for. Below is a list of my expenses and my operating cost for Grabcar:
Amortization Cost: 13,000 Pesos per month
Maintenance Cost: 2000 to 5000 Pesos per month (depends if I need to repair something)
Comprehensive Insurance Cost for TNVS: 1000 Pesos per month (for 12 months)
My total monthly operating cost is from 17,000 to 20,000 Pesos per month excluding expenses for car registration with LTO and LTFRB franchise.
Grabcar Operator’s Income
For an operator collecting 1,000 Pesos per day, his gross monthly income will reach 26,000 Pesos. We assume that the operator is not collecting boundaries during coding days of the car. With a monthly expense of 17,000 to 20,000 Pesos, the net profit would be 6,000 to 9,000 Pesos. In most cases, this income is not enough for sustaining the whole family but this is good enough to cover some regular expenses like electricity, water or maybe groceries.
Gross Income
Total Expenses
Net Profit
26,000 Pesos
17,000 to 20,000 Pesos
6,000 to 9,000 Pesos
Personally, I don’t earn that much but I am happy with what I am getting. If the operational cost is high, your net profit will be low as well. If you have 3 cars, I can say that the earnings are decent enough to support some of your expenses. Having 3 cars is like having an apartment that earns 18,000 Pesos to 27,000 Pesos per month.
Your Grab Driver
Your Grab car driver is the key ingredient to the success of your business. Before you allow him to drive for Grab, secure valid government ID, proof of residency and NBI clearance for security measures. You are paying hard-earned money for your car so it is just right to make sure that you entrust your car to someone you did a background check.
Next, let driver operate his own business. What is important to you is that you get paid and that he doesn’t use your car illegally. Allow him to provide other services using your car. He is doing this so that he can feed his family and also, to pay the regular boundary. If you don’t trust him at all with your car, then don’t let him drive in the first place.
To increase your success in the business, make sure that you compensate your driver well. In my business, I make sure that my driver earns more than what I earn. After all, he does all the hard work. I also included benefits that he can use in the future. For instance, after 5 years of his commitment to me, I will give him the car. This is called boundary hulog for Grab Driver. This benefit increases the likelihood that your driver will stay with you longer and it is both beneficial to you and your driver. Lastly, your driver is your business partner – always remember that!
Secrets to Success
VERY IMPORTANT: Take care of your driver. Your driver is the key to success of your business. Take care of him and he’ll take care of your business in return. Treat him fair and square at all times.
Install a GPS. Buying a car is a huge investment especially for ordinary people like me. Having a GPS installed increases your car’s security feature.
Buy an insurance that covers vehicles used for TNVS. Some insurance companies does not cover vehicles used for TNVS.
To become an operator for Grabcar or Grabpremium in the Philippines, an applicant must submit all the Grabcar requirements first. Along the with these requirements, your vehicle model should not be older than three (3) years. It is also worth noting that Grab does not accept vans and pick-ups for their ride hailing service. Here’s a list of all qualified Grabcar vehicles.
Grabcar Requirements for Operators
2×2 Photo of applicant with a white background
2 valid government-issued ID
Proof of citizenship (birth certificate or passport)
Tax Identification Number ID (TIN ID) or Income Tax Return (ITR)
Original Receipt/Certificate of Registration (OR/CR) or Sales Invoice and Delivery note of the Vehicle
PA (Provisional Authority), CPC (Certificate of Public Convenience), or LTFRB TNVS Application with stamped receiving copy and case number. Read this blog post for TNVS requirements
Certificate of Conformity from the bank or from the financing company if the vehicle is currently under financing or encumbered
Additional requirements if the Operator is
not the same as the registered vehicle owner
Notarized Special Power of Attorney
(SPA) if the operator is not the registered owner of the vehicle
2 valid government-issued ID of the
registered owner of the vehicle (if the operator is not the same as registered vehicle
owner is not the
Requirements for Grab Drivers
Clearance from the National Bureau of
Investigation
Clearance from the Philippine National
Police
Professional Driver’s license with
official receipt
Application Process
To be considered valid for Grab application, all the required documents must valid within 21 days before they expire. Applications for Grab peer start with filling out an online form, which can be accessed in the Grab website. Once this is done the applicant will be sent an email informing him/her of the Peer Information Session (PIS) schedule.
Applicants must have a registered e-mail address and bring with them a printout of the confirmation e-mail to attend the invitation-only Peer Information Session. Without the printed invitation sent by email, peer applicants will not be allowed in the information sessions. Moreover, the applicant must be prepared to submit the requirements to the Grab office with a photocopy of all documents along with the original papers.
On the appointed day, the applicant, along with his/her email confirmation and required documents must be patient to await their turn in the queue. Upon verification of the requirements, the Grab staff will provide the peer applicant with a Peer checklist and GCash Form. If the peer and driver are different persons, the driver will receive a Grabcar Driver’s checklist. The driver would need to proceed to a booth for his/her photo to be taken for the Driver’s App.
To become an operator for Grabcar or Grabpremium in the Philippines, an applicant must submit all the Grabcar requirements first. Along the with these requirements, your vehicle model should not be older than three (3) years. It is also worth noting that