Loans

The new loan platform from Grab that helps you get the money you need for life’s expenses from our trusted bank partners.

Get the best loan to meet your borrowing needs with a quick, easy application and the tools to make an informed decision. All conveniently within your Grab app.

We work with partner banks who underwrite all the loans. Grab do not offer or underwrite the loans.

Personal Loans are flexible loans that enable you to pay for a range of things.

Many people use them to pay for planned, big expenses, like home renovations or education costs. They may also be used for unexpected, unavoidable costs, like emergencies, medical needs or sudden loss of income.

Before you take a loan, it’s worth taking a moment to think about why you’re borrowing. If you are borrowing mostly for overspending, impulse buying, and unnecessary expenses, it may be time to take stock. For more help on this, visit https://www.moneysense.gov.sg/.

There are a couple of questions to consider before deciding how much to borrow…

1. How much can you afford to repay each month? As a rule of thumb, you should only borrow what you can afford to repay. So before you decide on a lump sum to borrow, it’s best to calculate the monthly repayments, including any interest and fees. That way, you can assess whether you can afford the repayments on top of your other expenses.
2. How much do you need to borrow Before you take a loan, it’s good to think carefully about what you’re borrowing for and how much you need. Only borrow what you need and what you’re sure you can repay, even if you qualify for a larger loan. If you don’t need it now, or think you can save the money for it instead, perhaps it’s best to reassess your decision.

For more help on this, visit https://www.moneysense.gov.sg/.

There are some great free resources and services available. Here’s a list of Government site which offers great educational content and advice: https://www.moneysense.gov.sg/