TH | EN
TH | EN
Home Business Grab expanding loan service for restaurants with maximum credit amount of 500,000...

Grab expanding loan service for restaurants with maximum credit amount of 500,000 baht

Grab Thailand revs up its loan services for mSMEs, welcoming the new year with the increase of maximum credit line of “Grab Quick Cash Loan for Merchant-Partners” to 500,000 baht (from 100,000 baht), in response to restaurant business operators who seek sources of funds in business or branch expansion. The recent expansion targets small-to-medium-sized businesses with good credit scoring in Bangkok and other provinces, and maintains Grab’s lending three key features: “easy apply – speedy approval – worry-free daily repayment”.

Worachat Luxkanalode, Country Head of Grab Thailand, said, “Grab Thailand has provided loan services to merchant-partners since 2020 to support restaurants, especially small-to-medium-sized, on our platform to access capital to enhance their financial liquidity and business operations. We have been listening to their feedback and suggestions continuously, while studying their needs through a monthly online survey and the ‘GrabConnect’ caravan on a quarterly basis. One of the most important topics raised by the restaurants is the rising demand for financial loans and credit expansion to renovate stores and expand branches, in addition to daily liquidity management.

Grab Thailand hosts its first GrabNEXT conference

Grab teams up with KLeasing and MG to promote EV loan programme among driver-partners

This loan service for mSMEs is also considered our strength in supporting the growth of restaurant businesses. Recently, we have increased the credit line for restaurants, both in Bangkok and other provinces, from the maximum credit amount of 100,000 baht to 500,000 baht as another tool to support their business growth and enhance efficiency for restaurant business operators.”

“Grab Quick Cash Loan for Merchant-Partners” with a maximum credit amount of 500,000 baht is a personal cash loan with 6-month installment period and a starting interest rate of 2.08% per month, which is in accordance with the Bank of Thailand regulations. The service comes with three features that make financial access even more convenient and faster: “easy apply – speedy approval – worry-free daily repayment”.

  • Easy apply: The loan service does not require collateral or additional document submission, helping reduce the application process.
  • Speedy approval: The loan is approved within one day, after confirming the loan terms. The system determines a suitable loan amount for each restaurant’s financial capability, which allows partners to access the funds quickly. 
  • Worry-free daily repayment: The repayment will be automatically deducted from merchants’ sales transactions, eliminating worries and enabling them to manage their expenses without having to worry about making large amounts of monthly repayments.

For Grab merchant-partners who are interested in obtaining “Grab Quick Cash Loan for Merchant-Partners” with a maximum credit amount of 500,000 baht are required to earn a minimum of 50,000 baht per month from transactions with Grab for at least 6 months consecutively.

For more information, please visit https://www.grab.com/th/en/merchant-personal-quick-cash-loan/ 

BANGCHAK ANNOUNCES ACQUISITION OF ESSO THAILAND’S SHARES

INNOVESTX SECURITIES WITH GOLDMAN SACHS IN DEVELOPING INVESTMENT PRODUCTS FOR THAILAND MARKET

STAY CONNECTED

0FansLike
0FollowersFollow
0SubscribersSubscribe

Lastest News

KLeasing unveils Digital Self-Apply innovation

KASIKORN LEASING Co., Ltd. (KLeasing) has launched the Digital Self-Apply innovation – a one-stop, easy-to-use platform

Siam Commercial Bank names Pornpat Ongnithiwat new CFO, effective February 1, 2023

Siam Commercial Bank (SCB) aspires to be the main pillar of the SCBX Financial Group, focusing on delivering superior returns with rigorous risk control

Grab supports the recovering tourism sector in Thailand with ride-hailing service

Grab Thailand saw a 45% increase in non-Thai users between Q2 and Q3 2022, which is in line with the positive outlook for the tourism industry in Thailand.

OPPY Club marks 23 years of creating happiness for the digital age elderly

The Computer and Internet Club for Seniors, also known as OPPY Club, is celebrating its 23rd anniversary as a gathering place for seniors to live happily.

NCSA unveils “Thailand National Cyber Week 2023” to strengthen the cybersecurity

The National Cyber Security Agency (NCSA) has announced the opening of the event “Thailand National Cyber Week 2023” to be held on 17 – 18 February 2023

Alliance Laundry optimistic about market growth in 2023

Alliance Laundry Systems LLC, the global leader in commercial laundry equipment, is confident that the Thai market will keep growing in 2023.

Pipeline inspection benefits the energy industry with green economy approach

The energy industry plays a crucial role in driving the global economy. It is responsible for supplying the world with the energy

Bangkok Land launches ‘Lenôtre Culinary Arts School Thailand’ the first in Southeast Asia

Bangkok Land Plc. opened Lenôtre Culinary Arts School Thailand, the first in Southeast Asia with a reputation and culinary expertise from Lenôtre Paris, France.

10 Hot consumer trends: Life in a climate-impacted future

Almost 99 percent of more than 15,000 global early technology adopters consulted by Ericsson say that they expect to be proactively using internet and connectivity-based solutions

B. Braun steps up initiatives to support inclusive growth

As one of the world’s leading medical technology companies, B. Braun emphasizes its social responsibility by driving activities

MUST READ

Pipeline inspection benefits the energy industry with green economy approach

The energy industry plays a crucial role in driving the global economy. It is responsible for supplying the world with the energy

Alliance Laundry optimistic about market growth in 2023

Alliance Laundry Systems LLC, the global leader in commercial laundry equipment, is confident that the Thai market will keep growing in 2023.

Grab supports the recovering tourism sector in Thailand with ride-hailing service

Grab Thailand saw a 45% increase in non-Thai users between Q2 and Q3 2022, which is in line with the positive outlook for the tourism industry in Thailand.

KLeasing unveils Digital Self-Apply innovation

KASIKORN LEASING Co., Ltd. (KLeasing) has launched the Digital Self-Apply innovation – a one-stop, easy-to-use platform

OPPY Club marks 23 years of creating happiness for the digital age elderly

The Computer and Internet Club for Seniors, also known as OPPY Club, is celebrating its 23rd anniversary as a gathering place for seniors to live happily.
Newsletter

สนใจรับข่าวสารจาก The Story Thailand อัพเดตก่อนใคร สมัคร Newsletter กับเราเพียงกรอกอีเมลเท่านั้น