When I hear the word Grab, the first thing that comes to my mind is people in white and green outfits. They would either be chauffeuring people or delivering food orders. I guess I thought wrong.
Just recently, the company launched a new loan program called Quick Cash that is aimed at helping MSMEs to jumpstart their business. Large enterprises can secure as much as P499,000 in loans to increase their working capital while individual employers can opt for the minimum P50,000 loan package — no collateral required.
Personalized payment terms
To differentiate itself from other lending firms, Grab uses data acquired from partner merchants (such as your average daily earnings) to deduce the best loan amount. Payment terms are also personalized. This is to ensure that the loans can be paid back safely and easily.
The program also puts in place daily and automatic micro-deductions to help make repayments more convenient. Right now, the company is offering flexible repayment terms between six months to one year.
Three simple steps
These are the only things that we need to keep in mind — Get in touch, Customize, and Keep track.
- Get in touch by completing an application form on Grab’s online platform. Then wait for a call from GrabFinance executives who will discuss your eligibility and help you in the application process.
- Customize the kind of loan you need. Choose how much you’d like to borrow and how long you will need to pay it back. Confirm your monthly repayments and disbursal fee.
- Keep track of your loan repayments through your online dashboard. You can easily monitor the progress of your payments as they are automatically deducted from your bank account
This new service is being offered through Grab Financial Services Philippines, the company’s SEC-licensed lending arm.
Fast and easy application
Acquire a business loan now that is tailored to fit your current financial needs using Quick Cash’s fast disbursal and easy application process. To find out more about this new loan program, check out https://www.grab.com/ph/merchant/finance/hub/products/.
