Manila, Philippines – As Grab in the Philippines doubles down on its efforts to pave the way for financial inclusion for all Filipinos, especially for its merchant-partners, the super app’s lending arm, Grab Financial Services Philippines, Inc., an SEC-licensed financing company, has launched its new loan service programme called Quick Cash.
With Quick Cash’s fast disbursal and easy application process, merchants can easily acquire a business loan that is tailored to their current needs, with no collateral required, and a flexible repayment term from 6 to 12 months. It is also able to personalise loans for each business to ensure they are able to afford their loan safely. Just as well, daily and automatic micro-deduction are also put in place by the program to help make repayments more convenient and hassle-free.
To avail loans, interested merchants will only have to confirm their merchant details with Grab with no additional requirements needed, and they are already all set to receive their needed capital and financial support – all in less than seven days.
Martha Borja, head for Grab Financial Philippines, shared that many of the 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 Grab is fully-committed to supporting them every step of the way.
“Our new loan service programme 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,” Borja said.
