{"id":16527,"date":"2019-10-14T17:11:07","date_gmt":"2019-10-14T09:11:07","guid":{"rendered":"https:\/\/www.grab.com\/ph\/?page_id=16527"},"modified":"2020-02-27T19:25:21","modified_gmt":"2020-02-27T11:25:21","slug":"cash-loan","status":"publish","type":"page","link":"https:\/\/www.grab.com\/ph\/driver\/finance\/cash-loan\/","title":{"rendered":"GrabFinance for Driver – Cash Loan"},"content":{"rendered":"\t\t
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Better cash flow for a better everyday <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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with our Cash Loan<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Whether driving with Grab serves as your main or side income, life\u2019s always easier with better cash flow to cover your big ticket purchases. Our Cash Loan allows an eligible group of driver-partners to get an affordable loan facility, so they can take care of their needs easily.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Easy application<\/h4>

Simply open the Grab Driver app, go into your Wallet and select Cash Loan to apply.<\/p>

Upon successful application, we\u2019ll disburse the cash amount into your Cash Wallet.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Hassle-free, auto deductions<\/h4>

No need to worry about payment due dates anymore.<\/p>

Automated deductions from your Cash Wallet will be made on a daily basis until your Cash Loan balance is settled.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Affordable interest rates and processing fees<\/span><\/h4>

Get charged only for Interest and processing fees.<\/span><\/p>

However, we will inform you directly in case there are any changes to our fee structure.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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FAQs<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n What is the Cash Loan program? How does it work?<\/a>\n <\/div>\n

A select group of GrabCar driver-partners are now eligible to apply for a Cash Loan right on the Grab Driver app.<\/span><\/p>

You can apply for the Cash Loan program right on the Grab Driver app. Simply go into your Wallet screen and you will see a card to apply for the program. Upon successful application, we will transfer the loan into your Cash Wallet.<\/span><\/p>

Automated deductions from your Cash or Credit Wallet will then take place over a time period until your loan is settled.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n What are the fees associated with the Cash Loan program?<\/a>\n <\/div>\n

You will be charged an interest rate for taking out a Cash Loan. The interest rate varies depending on your profile as well as the amount and the terms of your loan.<\/span><\/p>

There is no administrative fee on the Cash Loan at the moment. However, we will inform driver-partners directly in case there are any changes to our fee structure.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n How long will the Cash Loan program last?<\/a>\n <\/div>\n

Depending on your Cash Loan program, it could last anywhere between 3 and 6 months. Larger loan amounts will typically have a longer repayment period. You can explore the Cash Loan program on your Grab Driver app to see your options.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n How do I apply for the Cash Loan program?<\/a>\n <\/div>\n

Driver-partners will see a card on their wallet screen for the Cash Loan program. They can apply for the program right inside the Grab Driver app.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Do I need to submit any documents to apply?<\/a>\n <\/div>\n

No. You do not need to submit documents to apply for the Cash Loan program. Simply launch your Grab Driver app, go into your Wallet screen, and apply for the program.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n How\/Why was I selected to enjoy the Cash Loan program?<\/a>\n <\/div>\n

We are offering the Cash Loan program to a small group of driver-partners who were selected based on their historical earnings and driving pattern.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n My Cash Loan application was rejected. Can I apply again if my application for the Cash Loan program was unsuccessful?<\/a>\n <\/div>\n

Yes. You may try to apply again sometime in the future to check if you qualify for the program.<\/span><\/p>

Please note that you cannot apply for the Cash Loan program if you have any unsettled or pending deductions from a previous financing program.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n I changed my mind. How can I cancel my Cash Loan application?<\/a>\n <\/div>\n

Cancellation is not possible at this point. You may leave the amount in your Cash Wallet and allow the app to make the automated deductions over the agreed tenure.<\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Can Driver-partners who were not invited request or appeal to join?<\/a>\n <\/div>\n

No. At the moment, we are only piloting the Cash Loan program to a small group of driver-partners who were selected based on their historical earnings and driving pattern.<\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Will the Cash Loan program have any impact on my existing earning\/incentive structure?<\/a>\n <\/div>\n

No, it won\u2019t. You will continue to earn your income and incentives as usual.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Will I be able to cash out my earnings in my Cash Wallet while I am enrolled in the Cash Loan program?<\/a>\n <\/div>\n

We will deduct the payments from your Cash Wallet and you will be able to cash out the remaining balance.<\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n When and how will the Cash Loan be transferred to me?<\/a>\n <\/div>\n

The Cash Loan will be transferred to your Cash Wallet shortly after your application is approved. You can then transfer this amount to your bank account. Please note that you can only transfer to a bank account that is registered with your Cash Wallet.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Where will the amount be deducted from to settle my Cash Loan balance?<\/a>\n <\/div>\n

We automatically make deductions from your Cash Wallet. If your Cash Wallet funds are low, we will then attempt to deduct from your Credit Wallet. The time of deduction may vary each time.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n When \/ How often will the amount be deducted to settle my Cash Loan balance?<\/a>\n <\/div>\n

The deduction schedule and frequency will depend on the Cash Loan program you apply for. To learn more about your options, do explore the Cash Loan program in your Grab driver app. Go into your Wallet and tap on the Cash Loan card.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n What if I don\u2019t have enough funds in my Cash Wallet to settle my deductions?<\/a>\n <\/div>\n

We automatically make deductions from your Cash Wallet. If your Cash Wallet funds are low, we will then attempt to deduct from your Credit Wallet.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Will I be able to cash out my earnings in my Cash Wallet if I incur late\/missed deductions?<\/a>\n <\/div>\n

We will deduct the missed or late payments from your Cash Wallet and you will be able to cash out the remaining balance.<\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Can I appeal for a higher amount?<\/a>\n <\/div>\n

No. The maximum amount you can apply for on the Cash Loan program is displayed right on the app. You are unable to apply for anything above the displayed amount.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Why did the Cash Loan offer increase\/decrease on the app since the last time I checked it?<\/a>\n <\/div>\n

We are continually updating your Cash Loan offer based on your latest driving and earning patterns.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n How do I return the excess funds from my Cash Loan program to Grab?<\/a>\n <\/div>\n

We apologize that it is not possible to return any amount from the Cash Loan program to Grab. You may leave the amount in your Cash Wallet and allow the app to make automatic deductions over the agreed tenure.<\/span><\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n Can I make my deductions earlier than scheduled?<\/a>\n <\/div>\n

Please call our hotline at 82313608 or email us at GFSA.PH.Collections@grabtaxi.com and we\u2019ll help you.<\/p><\/div>\n <\/div>\n

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\n \n <\/i><\/span>\n <\/i><\/span>\n <\/span>\n What happens if I wish to terminate my Grab Driver Account but have pending deductions?<\/a>\n <\/div>\n

Please call our hotline at 82313608 or email us at\u00a0GFSA.PH.Collections@grabtaxi.com<\/a>\u00a0and we\u2019ll help you.<\/p><\/div>\n <\/div>\n <\/div>\n \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The information provided here is intended as a guide only and does not constitute an offer or application for a loan or financing. The above product is available for selected users only and eligibility is subject to Grab\u2019s internal assessment, standard disclaimers and terms and conditions.<\/span><\/p>

Please ensure that you have read and understand the service diclosure statement before accepting any terms and conditions of the service.<\/p>

Grab Financial Services Philippines, Inc.<\/b><\/div>
SEC Reg. No. CS201905977 \/ Certificate of Authority No. 1210<\/div>
12F Floor Wilcon IT Hub Building, 2251 Chino Roces Avenue, Makati City, Philippines<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Better cash flow for a better everyday with our Cash Loan Whether driving with Grab serves as your main or side income, life\u2019s always easier with better cash flow to cover your big ticket purchases. Our Cash Loan allows an eligible group of driver-partners to get an affordable loan facility, so they can take care […]","protected":false},"author":770,"featured_media":0,"parent":16471,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/pages\/16527"}],"collection":[{"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/users\/770"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/comments?post=16527"}],"version-history":[{"count":10,"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/pages\/16527\/revisions"}],"predecessor-version":[{"id":94366,"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/pages\/16527\/revisions\/94366"}],"up":[{"embeddable":true,"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/pages\/16471"}],"wp:attachment":[{"href":"https:\/\/www.grab.com\/ph\/wp-json\/wp\/v2\/media?parent=16527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}