Private Hire
Hackney
Min Deposit 5-10%
Max loan £20k
Are you a taxi or private hire driver looking for Halal car finance?
We offer Shariah-compliant car loans tailored for UK taxi drivers – including private hire (PHV/PCO) drivers (Uber, Bolt, etc.) and black cab drivers. Our Islamic finance solution lets you own your taxi with no interest (riba), transparent terms, and a quick, hassle-free application.
It’s 100% Halal and open to anyone, Muslim or non-Muslim, who wants an ethical, interest-free way to finance a vehicle.
Low Deposit (From 5%)
Don’t have a huge lump sum? No problem.
You can get started with a
small deposit (as low as 5-10%). For example, a £20,000 car might only require a £1,000–£2,000 initial payment.)
Nationwide Availability
This halal taxi finance is available
across the UK – whether you’re in London, Birmingham, Manchester, or anywhere else. The application is online and open to drivers UK-wide.
Choose Any Car
New or used, it’s your choice (used cars are accepted as long as the vehicle would not exceed ~12 years old by the end of the finance term)
Uber/PHV & Black Cabs
We support all taxi professionals: PCO-licensed minicab drivers, chauffeur service drivers, and London cabbies all qualify.
No Hidden Surprises
There are no sneaky charges – no admin fees, no late fees, no balloon. Everything is clearly agreed from the start.
Why Choose Shariah-Compliant Taxi Finance?
Choosing a Shariah-compliant vehicle finance means you get a fair, transparent, and ethical deal. Here’s why our halal taxi finance stands out:
No Interest (Riba-Free)
Unlike conventional loans, you pay no interest at all. Instead, the financing is structured as a rent-to-own (Ijara) agreement with a known profit charge. This adheres to Islamic principles – no interest and no exploitative fees. You lease the car with agreed payments, and part of each payment goes toward eventually owning the vehicle. All terms are fixed upfront with no uncertainty (no gharar).
No Hidden Charges or Penalties:
The model is designed to be customer-friendly and fair. There are no hidden fees, and no late payment penalties are charged. (In Islamic finance, even if a payment is late, lenders cannot profit from penalties – any fee would go to charity.) You’ll also never be hit with early settlement fees if you decide to pay off your balance sooner.
Own the Car Outright:
This is a true “rent-to-buy” or lease-to-own model (Islamic hire purchase). Each payment builds your equity in the car. There’s no balloon payment at the end – once you’ve paid the agreed term, the car is yours with nothing extra to pay. Ownership is transferred to you at the end of the lease term as long as all payments are made. You get the keys and full ownership with peace of mind.
Ethical & Shariah Certified:
This financing follows strict Islamic finance principles, which emphasize ethical practices. It’s been audited and certified by an independent Shariah board to meet global AAOIFI halal standards. In short, it’s a finance option you can trust to be halal and responsible. (Many drivers choose halal finance for its transparency and fairness, even if they aren’t Muslim.)
Typical Examples
Vehicle Price
£34,995 Inc Vat
60 Months
£621pm+Vat
Customer Deposit
£2917+Vat
Weekly Equivalent
£172pw+Vat
Unlimited mileage
Vehicle Price
£89,995
60 Months
£1595pm +vat
Customer Deposit
£7499+vat
Weekly Equivalent
£368pw+vat
Unlimited mileage
Want to apply?
London’s Uber Grant: Helping Taxi Drivers Go Green without a Significant Deposit
As the world shifts towards greener, more sustainable practices, London’s taxi industry is evolving too.
With the rise of electric vehicles (EVs), taxi drivers are being given an incredible opportunity to upgrade their vehicles with little to no upfront cost, thanks to Uber's Electric Vehicle Assistance Scheme.
At Taxi Finance Direct, we’re here to guide drivers through the process of switching to energy-efficient electric taxis—whether you have a deposit saved or not.
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Contact Us
Our Funders Love Taxi Drivers
Call Us Today
WORKING TOGETHER
Why Make the Switch?
01
Environmental Impact:
Switching to an electric vehicle drastically reduces your carbon footprint, helping London reduce emissions and improve air quality.
02
Lower Running Costs:
Electric taxis are more energy-efficient, with cheaper fuel and maintenance costs compared to traditional diesel models.
03
Future-Proofing Your Business:
The UK government is pushing for zero-emission vehicles, with plans to phase out petrol and diesel cars by 2030. By switching now, you’re staying ahead of the curve and ensuring your livelihood remains sustainable.
Grant for Eligible Drivers:
Uber is offering financial support to drivers looking to go electric. Depending on your status and driving history with Uber, you may be eligible for up to £5,000 towards the cost of an electric vehicle.
No Significant Deposit Required:
If you’re concerned about upfront costs, we’ve got you covered. With Taxi Finance Direct, we help structure your financing plan to ensure that switching to a greener vehicle doesn’t require a large deposit. In many cases, you can upgrade to an electric taxi with little to no initial payment.
Flexible Financing Options:
Our specialized financing options make it easy for you to take advantage of the grant and switch to an electric taxi. Whether you’ve got savings for a deposit or not, we’ll tailor a plan that fits your budget.
Is it worth it?
How Much Can You Save with an Electric Taxi?
The potential savings of running an EV as a taxi cannot be overstated. From maintenance & fuel costs, to the daily grind of paying ULEZ. The savings add up to to £1000s for a typical taxi driver. One thing is for sure, its worth the investment to switch to full EV!
25%
Fuel Savings:
Electric vehicles are much cheaper to run than petrol or diesel cars. Charging an EV can cost as little as 25% of what you’d normally spend on fuel, meaning immediate savings for daily drivers.
50%
Lower Maintenance Costs:
Electric vehicles have fewer moving parts than traditional taxis, leading to up to 50% lower maintenance costs. No more regular oil changes or pricey engine repairs!
£4,500pa
Congestion Charge & ULEZ Exemptions:
Driving an electric taxi means avoiding the Congestion Charge and Ultra Low Emission Zone (ULEZ) fees in London, saving you up to £15 a day or £4,500 a year.
Why Choose Taxi Finance Direct?
Expert Advice
Our team understands the specific needs of London’s taxi drivers. We’ll help you navigate Uber’s grant program and find the best financing options available.
Tailored Finance Plans
We offer flexible finance plans with low monthly payments to ensure you’re not stretched beyond your means, even without a significant deposit.
Quick & Easy Application Process
Our straightforward application process ensures that you can get behind the wheel of a new electric taxi quickly, without the usual hassle of traditional financing
Want to apply for halal finance?
Want to Talk?
Interested in learning more about how you can drive greener and save money? Contact us today or fill out the form to get started on your electric taxi journey. Please call us or fill the contact form.
