Grab, through its lending arm, Grab Financial Services Philippines, Inc. doubles down on its efforts to pave the way for financial inclusion for all Filipinos through its new Quick Cash loan service program. The company is an SEC-licensed financing company.
With Quick Cash’s fast disbursal and easy application process, merchants can easily acquire a business loan that is tailored to their current needs. No collateral is required and a flexible repayment term from 6-12 months can be set up.
Grab’s merchant-friendly, merchant-first program
Quick Cash makes availing of loans as hassle-free as possible and aims to shorten the process to make everything easier.
Interested merchants will only have to confirm their merchant details with Grab with no additional requirements needed.
Additionally, the new program aims to make loans more accessible and affordable. It does so by personalizing loans for each business by using data acquired from merchants like earnings to deduce the best loan amount.
Daily and automatic micro-deduction are also put in place by the program to help make repayments more convenient.
With the new loan service program, Grab hopes to provide merchant partners with access to digital-first financial solutions and help scale their business.
“Many of our budding MSME merchant-partners are in need of access to financial solutions – especially in the first few steps of their business which they have worked very hard to bring into fruition, and we are fully committed to supporting them every step of the way. Our new loan service program will provide many of our MSME merchant-partners the very push that they need to scale their enterprise and grow their business on the Grab platform.”
Martha Borja, Grab Financial Philippines Head
For more information on the new program, click here.
Ram found his love and appreciation for writing in 2015 having started in the gaming and esports sphere for GG Network. He would then transition to focus more on the world of tech which has also began his journey into learning more about this world. That said though, he still has the mentality of "as long as it works" for his personal gadgets.
