We’ve received your information.
A Grab representative will be in touch with you soon.
Nicholas and Vincent
Flesh Imp, Singapore-based fashion label
There’s no application or repayment fee. Just:
Monthly interest: As low as 0.7%, computed on a reducing balance basis.
Disbursal fee: 5% of the loan amount.
Late fee: Twice the existing monthly interest rate applicable on the overdue principal amount.
If you’re a GrabPay or GrabFood partner, repayments will be automatically deducted from your GrabPay balance at the end of each month. If there’s not enough available in your balance, we’ll deduct the remainder from your bank account.
If you’re not a Grab merchant, repayments will be automatically deducted from your bank account at the end of each month.
Either way, there’s nothing for you to do except keep focusing on your business.