{"id":160869,"date":"2022-08-08T16:33:14","date_gmt":"2022-08-08T08:33:14","guid":{"rendered":"https:\/\/www.grab.com\/sg\/?page_id=160869"},"modified":"2025-10-31T22:52:43","modified_gmt":"2025-10-31T14:52:43","slug":"easy-loans","status":"publish","type":"page","link":"https:\/\/www.grab.com\/sg\/merchant\/lending\/easy-loans\/","title":{"rendered":"Easy Loans"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"160869\" class=\"elementor elementor-160869\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c235b9 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c235b9\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bd50083\" data-id=\"bd50083\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b181d31 elementor-widget elementor-widget-image\" data-id=\"b181d31\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2240\" height=\"962\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner.jpg\" class=\"attachment-full size-full wp-image-223784\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner.jpg 2240w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-250x107.jpg 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-700x301.jpg 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-768x330.jpg 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-1536x660.jpg 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-2048x880.jpg 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-18x8.jpg 18w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-120x52.jpg 120w\" sizes=\"(max-width: 2240px) 100vw, 2240px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-336a104 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"336a104\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-beffe83\" data-id=\"beffe83\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93b0bbb elementor-widget elementor-widget-image\" data-id=\"93b0bbb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2032\" height=\"2560\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-scaled.jpg\" class=\"attachment-full size-full wp-image-223785\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-scaled.jpg 2032w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-250x315.jpg 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-700x882.jpg 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-768x968.jpg 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-1219x1536.jpg 1219w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-1626x2048.jpg 1626w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-10x12.jpg 10w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-120x151.jpg 120w\" sizes=\"(max-width: 2032px) 100vw, 2032px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e4db489 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e4db489\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2ce3d45\" data-id=\"2ce3d45\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b89494 elementor-widget elementor-widget-image\" data-id=\"6b89494\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2240\" height=\"1360\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10140800\/GrabPay-MexMCALoans-2024-Website-RepaymentTable.gif\" class=\"attachment-full size-full wp-image-223800\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-042581b e-transform elementor-widget elementor-widget-image\" data-id=\"042581b\" data-element_type=\"widget\" data-settings=\"{&quot;_transform_translateX_effect&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2240\" height=\"1399\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments.gif\" class=\"attachment-full size-full wp-image-223801\" alt=\"\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-598f448 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"598f448\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0e8c152\" data-id=\"0e8c152\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d23e067 elementor-widget elementor-widget-image\" data-id=\"d23e067\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"1194\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-1536x1194.jpg\" class=\"attachment-1536x1536 size-1536x1536 wp-image-223802\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-1536x1194.jpg 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-250x194.jpg 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-700x544.jpg 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-768x597.jpg 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-2048x1592.jpg 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-15x12.jpg 15w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-120x93.jpg 120w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3db3ad0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3db3ad0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a6845ef elementor-hidden-mobile\" data-id=\"a6845ef\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dfc6f2f elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"dfc6f2f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2240\" height=\"160\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2.png\" class=\"attachment-full size-full wp-image-169114\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2.png 2240w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2-250x18.png 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2-700x50.png 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2-768x55.png 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2-1536x110.png 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2-2048x146.png 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03155817\/09-FAQ-Headline-2-120x9.png 120w\" sizes=\"(max-width: 2240px) 100vw, 2240px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3bee8d0 elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3bee8d0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-71265ed\" data-id=\"71265ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e12248a elementor-widget elementor-widget-toggle\" data-id=\"e12248a\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2361\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2361\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How is daily deduction calculated?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2361\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2361\"><p>Repayments are made from your Grab earnings on the first 27 days of the month. This helps you with your month end closing.<\/p><p>As a result, the repayment amount formula is based on your chosen loan amount divided by the tenure multiplied by the number of deduction days. For example: SGD 100,000\/ (12 months * 27 days)<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2362\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2362\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What if Easy Loans isn\u2019t what I need?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2362\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2362\"><p>You can explore other financial solutions offered by GXS, our digibank affiliate. Visit\u00a0<a class=\"c-link\" href=\"https:\/\/www.gxs.com.sg\/flexiloan\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/www.gxs.com.sg\/flexiloan\" data-sk=\"tooltip_parent\">https:\/\/www.gxs.com.sg\/flexiloan<\/a>\u00a0to learn more.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2363\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2363\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Do I already have a pre-approved loan? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2363\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2363\"><p>If you don\u2019t see a pre-approved offer, simply enter your preferred loan amount and tenure \u2014 we\u2019ll review your details and get in touch shortly.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2364\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2364\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">When will I receive funds after I request a loan?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2364\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2364\"><p>You will receive funds within 5 business days after you submit your request, subject to GrabFinance\u2019s approval.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2365\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2365\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Will daily repayment affect my ability to reconcile my Grab earnings?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2365\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2365\"><p>You will be able to easily reconcile payouts and repayments via the GrabMerchant Portal. You will also receive a monthly Statement of Account. You may also request for a Statement of Account anytime at smelending.sg@grab.com.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2366\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-2366\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What are the fees for GrabFinance loans?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2366\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-2366\"><p>There is a one-time fee that will be deducted upfront from the loan amount.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2367\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-2367\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Why are repayments taking place across multiple stores?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2367\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-2367\"><p><span style=\"font-weight: 400\">In order to provide you with a higher loan amount, your current loan is offered to you based on the earnings assessment of all the stores under your Merchant ID. Daily deductions may be made across all your stores, to help you manage your repayments.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2368\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-2368\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How does Grab decide which store makes the repayment each day? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2368\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-2368\"><p><span style=\"font-weight: 400\">Your repayments will be deducted in order of the highest earning to lowest earning store each day, until the daily amount has been repaid.\u00a0<\/span><\/p><ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\"><span style=\"font-weight: 400\">In the event that Grab is unable to deduct the daily repayment amount from your highest earning store in full, the outstanding balance will be deducted from the next highest earning store.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><\/span><span style=\"font-weight: 400\"><span style=\"font-weight: 400\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/span><\/span>\u00a0<ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scenario 1: Full deduction from the highest earning store. E.g. If daily repayment owed is $10, full deduction is executed from the highest earning store that has $10.\u00a0<\/span><\/li><\/ul><span style=\"font-weight: 400\"><span style=\"font-weight: 400\"><br \/><\/span><\/span><ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scenario 2: Full deduction across highest earning stores within same day. E.g. If daily repayment owed is $10 and no one store has $10, partial deduction is from highest earning stores: Store A for $7 and Store B for $3 to complete the $10 deduction.<\/span>\u00a0<span style=\"font-weight: 400\">\u00a0<\/span><span style=\"font-weight: 400\">\u00a0<\/span><span style=\"font-weight: 400\">\u00a0<\/span><span style=\"font-weight: 400\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scenario 3:\u00a0 Partial deduction from top highest earning stores E.g. If stores do not have enough earnings for the $10, partial deduction will be from the top earning stores: Store A for $3 and Store B for $3. The remaining $4 will be deducted the next day.\u00a0\u00a0<\/span><\/li><\/ul><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2369\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-2369\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How do I get a consolidated view of where daily deductions are happening? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2369\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-2369\"><p><span style=\"font-weight: 400\">There are 2 ways on where you will be able to get a consolidated view of your daily deductions: <\/span><span style=\"font-weight: 400\"><br \/><br \/><\/span><\/p><ul><li><span style=\"font-weight: 400\">Via the Grab Merchant Portal<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400\">Step 1: Login to the <\/span><a href=\"https:\/\/merchant.grab.com\/portal\"><span style=\"font-weight: 400\">Grab Merchant Portal<\/span><\/a><\/li><\/ul><ul><li style=\"list-style-type: none\"><ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Step 2: Select the date range you wish to check<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Step 3: Click on the Download\u00a0<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Step 4: Open the csv file. It will showcase all the store transactions including the deductions for your loan. <\/span><span style=\"font-weight: 400\"><br \/><br \/><\/span><\/li><\/ul><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Upon request for a Statement of Account (SOA) by reaching out to GrabFinance at <\/span><a href=\"mailto:smelending.sg@grab.com\"><span style=\"font-weight: 400\">smelending.sg@grab.com<\/span><\/a><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">However, do note that the SOA can only be requested within the first week of the <\/span><span style=\"font-weight: 400\">month<\/span><span style=\"font-weight: 400\">, and the turnaround time in receiving the SOA will be from 1 to 3 business days.\u00a0<\/span><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-23610\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-23610\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Are there higher one-time fees because of this?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-23610\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-23610\"><p><span style=\"font-weight: 400\">Fret not, the one-time fee will remain the same despite Grab deducting from multiple stores. We are still retaining the upfront one-time fee deduction from your approved loan amount. <\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-23611\" class=\"elementor-tab-title\" data-tab=\"11\" role=\"button\" aria-controls=\"elementor-tab-content-23611\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Can I instead choose which stores I can make repayments from?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-23611\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"11\" role=\"region\" aria-labelledby=\"elementor-tab-title-23611\"><p><span style=\"font-weight: 400\">At the moment, repayments will be automatically deducted from stores with the highest collection.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How is daily deduction calculated?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>Repayments are made from your Grab earnings on the first 27 days of the month. This helps you with your month end closing.<\\\/p><p>As a result, the repayment amount formula is based on your chosen loan amount divided by the tenure multiplied by the number of deduction days. For example: SGD 100,000\\\/ (12 months * 27 days)<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"What if Easy Loans isn\\u2019t what I need?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>You can explore other financial solutions offered by GXS, our digibank affiliate. Visit\\u00a0<a class=\\\"c-link\\\" href=\\\"https:\\\/\\\/www.gxs.com.sg\\\/flexiloan\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\" data-stringify-link=\\\"https:\\\/\\\/www.gxs.com.sg\\\/flexiloan\\\" data-sk=\\\"tooltip_parent\\\">https:\\\/\\\/www.gxs.com.sg\\\/flexiloan<\\\/a>\\u00a0to learn more.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Do I already have a pre-approved loan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>If you don\\u2019t see a pre-approved offer, simply enter your preferred loan amount and tenure \\u2014 we\\u2019ll review your details and get in touch shortly.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"When will I receive funds after I request a loan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>You will receive funds within 5 business days after you submit your request, subject to GrabFinance\\u2019s approval.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Will daily repayment affect my ability to reconcile my Grab earnings?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>You will be able to easily reconcile payouts and repayments via the GrabMerchant Portal. You will also receive a monthly Statement of Account. You may also request for a Statement of Account anytime at smelending.sg@grab.com.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"What are the fees for GrabFinance loans?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p>There is a one-time fee that will be deducted upfront from the loan amount.<\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Why are repayments taking place across multiple stores?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400\\\">In order to provide you with a higher loan amount, your current loan is offered to you based on the earnings assessment of all the stores under your Merchant ID. Daily deductions may be made across all your stores, to help you manage your repayments.<\\\/span><\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"How does Grab decide which store makes the repayment each day?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400\\\">Your repayments will be deducted in order of the highest earning to lowest earning store each day, until the daily amount has been repaid.\\u00a0<\\\/span><\\\/p><ul><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">In the event that Grab is unable to deduct the daily repayment amount from your highest earning store in full, the outstanding balance will be deducted from the next highest earning store.\\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 <\\\/span><\\\/span><span style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">\\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0\\u00a0<\\\/span><\\\/span>\\u00a0<ul><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">Scenario 1: Full deduction from the highest earning store. E.g. If daily repayment owed is $10, full deduction is executed from the highest earning store that has $10.\\u00a0<\\\/span><\\\/li><\\\/ul><span style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\"><br \\\/><\\\/span><\\\/span><ul><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">Scenario 2: Full deduction across highest earning stores within same day. E.g. If daily repayment owed is $10 and no one store has $10, partial deduction is from highest earning stores: Store A for $7 and Store B for $3 to complete the $10 deduction.<\\\/span>\\u00a0<span style=\\\"font-weight: 400\\\">\\u00a0<\\\/span><span style=\\\"font-weight: 400\\\">\\u00a0<\\\/span><span style=\\\"font-weight: 400\\\">\\u00a0<\\\/span><span style=\\\"font-weight: 400\\\">\\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0 \\u00a0<\\\/span><\\\/li><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">Scenario 3:\\u00a0 Partial deduction from top highest earning stores E.g. If stores do not have enough earnings for the $10, partial deduction will be from the top earning stores: Store A for $3 and Store B for $3. The remaining $4 will be deducted the next day.\\u00a0\\u00a0<\\\/span><\\\/li><\\\/ul><\\\/li><\\\/ul>\"}},{\"@type\":\"Question\",\"name\":\"How do I get a consolidated view of where daily deductions are happening?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400\\\">There are 2 ways on where you will be able to get a consolidated view of your daily deductions: <\\\/span><span style=\\\"font-weight: 400\\\"><br \\\/><br \\\/><\\\/span><\\\/p><ul><li><span style=\\\"font-weight: 400\\\">Via the Grab Merchant Portal<\\\/span><\\\/li><\\\/ul><ul><li><span style=\\\"font-weight: 400\\\">Step 1: Login to the <\\\/span><a href=\\\"https:\\\/\\\/merchant.grab.com\\\/portal\\\"><span style=\\\"font-weight: 400\\\">Grab Merchant Portal<\\\/span><\\\/a><\\\/li><\\\/ul><ul><li style=\\\"list-style-type: none\\\"><ul><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">Step 2: Select the date range you wish to check<\\\/span><\\\/li><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">Step 3: Click on the Download\\u00a0<\\\/span><\\\/li><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">Step 4: Open the csv file. It will showcase all the store transactions including the deductions for your loan. <\\\/span><span style=\\\"font-weight: 400\\\"><br \\\/><br \\\/><\\\/span><\\\/li><\\\/ul><\\\/li><li style=\\\"font-weight: 400\\\"><span style=\\\"font-weight: 400\\\">Upon request for a Statement of Account (SOA) by reaching out to GrabFinance at <\\\/span><a href=\\\"mailto:smelending.sg@grab.com\\\"><span style=\\\"font-weight: 400\\\">smelending.sg@grab.com<\\\/span><\\\/a><span style=\\\"font-weight: 400\\\">. <\\\/span><span style=\\\"font-weight: 400\\\"><br \\\/><\\\/span><span style=\\\"font-weight: 400\\\">However, do note that the SOA can only be requested within the first week of the <\\\/span><span style=\\\"font-weight: 400\\\">month<\\\/span><span style=\\\"font-weight: 400\\\">, and the turnaround time in receiving the SOA will be from 1 to 3 business days.\\u00a0<\\\/span><\\\/li><\\\/ul>\"}},{\"@type\":\"Question\",\"name\":\"Are there higher one-time fees because of this?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400\\\">Fret not, the one-time fee will remain the same despite Grab deducting from multiple stores. We are still retaining the upfront one-time fee deduction from your approved loan amount. <\\\/span><\\\/p>\"}},{\"@type\":\"Question\",\"name\":\"Can I instead choose which stores I can make repayments from?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"<p><span style=\\\"font-weight: 400\\\">At the moment, repayments will be automatically deducted from stores with the highest collection.<\\\/span><\\\/p>\"}}]}<\/script>\n\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-545c7de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"545c7de\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67b9a9e\" data-id=\"67b9a9e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6d14a4c elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"6d14a4c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"301\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-700x301.jpg\" class=\"attachment-large size-large wp-image-223784\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-700x301.jpg 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-250x107.jpg 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-768x330.jpg 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-1536x660.jpg 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-2048x880.jpg 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-18x8.jpg 18w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105201\/GrabPay-MexMCALoans-2024-Website-MainBanner-120x52.jpg 120w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-46b9c62 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"46b9c62\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f6c6e35\" data-id=\"f6c6e35\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7fee0fa elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"7fee0fa\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"882\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-700x882.jpg\" class=\"attachment-large size-large wp-image-223785\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-700x882.jpg 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-250x315.jpg 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-768x968.jpg 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-1219x1536.jpg 1219w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-1626x2048.jpg 1626w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-10x12.jpg 10w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-120x151.jpg 120w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10105250\/GrabPay-MexMCALoans-2024-Website-Body1-scaled.jpg 2032w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-85d793d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"85d793d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-170a08b\" data-id=\"170a08b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc95d0d elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"fc95d0d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"425\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10140800\/GrabPay-MexMCALoans-2024-Website-RepaymentTable-700x425.gif\" class=\"attachment-large size-large wp-image-223800\" alt=\"\" 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https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10140800\/GrabPay-MexMCALoans-2024-Website-RepaymentTable-120x73.gif 120w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a443f23 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a443f23\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-047367b\" data-id=\"047367b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5935d43 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"5935d43\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"437\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-700x437.gif\" class=\"attachment-large size-large wp-image-223801\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-700x437.gif 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-250x156.gif 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-768x480.gif 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-1536x959.gif 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-2048x1279.gif 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-18x12.gif 18w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141002\/GrabPay-MexMCALoans-2024-Website-DailyRepayments-120x75.gif 120w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3138330 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3138330\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-816c3e8\" data-id=\"816c3e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aeaea3b elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"aeaea3b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"544\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-700x544.jpg\" class=\"attachment-large size-large wp-image-223802\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-700x544.jpg 700w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-250x194.jpg 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-768x597.jpg 768w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-1536x1194.jpg 1536w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-2048x1592.jpg 2048w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-15x12.jpg 15w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2024\/09\/10141045\/GrabPay-MexMCALoans-2024-Website-Body3-120x93.jpg 120w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a0e997c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a0e997c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6a87f29\" data-id=\"6a87f29\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc149dd elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-image\" data-id=\"bc149dd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"684\" height=\"200\" src=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03154952\/09-FAQ-Headline.png\" class=\"attachment-large size-large wp-image-169106\" alt=\"\" srcset=\"https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03154952\/09-FAQ-Headline.png 684w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03154952\/09-FAQ-Headline-250x73.png 250w, https:\/\/assets.grab.com\/wp-content\/uploads\/sites\/4\/2022\/11\/03154952\/09-FAQ-Headline-120x35.png 120w\" sizes=\"(max-width: 684px) 100vw, 684px\" \/>\t\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bb35431 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bb35431\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2ca97d0\" data-id=\"2ca97d0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53dfda5 elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-toggle\" data-id=\"53dfda5\" data-element_type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8791\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-8791\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How is daily deduction calculated?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8791\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-8791\"><p>Repayments are made from your Grab earnings on the first 27 days of the month. This helps you with your month end closing.<\/p><p>As a result, the repayment amount formula is based on your chosen loan amount divided by the tenure multiplied by the number of deduction days. For example: SGD 100,000\/ (12 months * 27 days) <\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8792\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-8792\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Do I already have a pre-approved loan? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8792\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-8792\"><p>To check your pre-approved loan status, select \u201cApply Now\u201d and input your Unique Entity Number (UEN).<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8793\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-8793\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">I don\u2019t have a pre-approved loan. Can I still apply for a loan? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8793\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-8793\"><p>Yes you may. Alongside your request, you will need to provide us with 6 months of bank statements, NOA and CBS and a copy of your NRIC.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8794\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-8794\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">When will I receive funds after I request a loan?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8794\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-8794\"><p>You will receive funds as soon as 24 hours after you submit your request, subject to GrabFinance\u2019s approval.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8795\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-8795\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Will daily repayment affect my ability to reconcile my Grab earnings?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8795\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-8795\"><p>You will be able to easily reconcile payouts and repayments via the GrabMerchant Portal. You will also receive a monthly Statement of Account. You may also request for a Statement of Account anytime at smelending.sg@grab.com.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8796\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-8796\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What are the fees for GrabFinance loans?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8796\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-8796\"><p>There is a one-time fee that will be deducted upfront from the loan amount.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8797\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-8797\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Why are repayments taking place across multiple stores?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8797\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-8797\"><p><span style=\"font-weight: 400\">In order to provide you with a higher loan amount, your current loan is offered to you based on the earnings assessment of all the stores under your Merchant ID. Daily deductions may be made across all your stores, to help you manage your repayments.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8798\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-8798\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How does Grab decide which store makes the repayment each day? <\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8798\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-8798\"><p><span style=\"font-weight: 400\">Your repayments will be deducted in order of the highest earning to lowest earning store each day, until the daily amount has been repaid.\u00a0<\/span><\/p><ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">In the event that Grab is unable to deduct the daily repayment amount from your highest earning store in full, the outstanding balance will be deducted from the next highest earning store.\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><span style=\"font-weight: 400\">\u00a0<\/span>\u00a0<ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scenario 1: Full deduction from the highest earning store. E.g. If daily repayment owed is $10, full deduction is executed from the highest earning store that has $10.\u00a0<\/span><\/li><\/ul><span style=\"font-weight: 400\"><br \/><\/span><ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scenario 2: Full deduction across highest earning stores within same day. E.g. If daily repayment owed is $10 and no one store has $10, partial deduction is from highest earning stores: Store A for $7 and Store B for $3 to complete the $10 deduction.<\/span>\u00a0<span style=\"font-weight: 400\">\u00a0<\/span><span style=\"font-weight: 400\">\u00a0<\/span><span style=\"font-weight: 400\">\u00a0<\/span><span style=\"font-weight: 400\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scenario 3:\u00a0 Partial deduction from top highest earning stores E.g. If stores do not have enough earnings for the $10, partial deduction will be from the top earning stores: Store A for $3 and Store B for $3. The remaining $4 will be deducted the next day.\u00a0\u00a0<\/span><\/li><\/ul><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-8799\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-8799\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How do I get a consolidated view of where daily deductions are happening?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-8799\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-8799\"><p><span style=\"font-weight: 400\">There are 2 ways on where you will be able to get a consolidated view of your daily deductions: <\/span><span style=\"font-weight: 400\"><br \/><br \/><\/span><\/p><ul><li><span style=\"font-weight: 400\">Via the Grab Merchant Portal<\/span><\/li><\/ul><ul><li><span style=\"font-weight: 400\">Step 1: Login to the <\/span><a href=\"https:\/\/merchant.grab.com\/portal\"><span style=\"font-weight: 400\">Grab Merchant Portal<\/span><\/a><\/li><\/ul><ul><li style=\"list-style-type: none\"><ul><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Step 2: Select the date range you wish to check<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Step 3: Click on the Download\u00a0<\/span><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Step 4: Open the csv file. It will showcase all the store transactions including the deductions for your loan. <\/span><span style=\"font-weight: 400\"><br \/><br \/><\/span><\/li><\/ul><\/li><li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Upon request for a Statement of Account (SOA) by reaching out to GrabFinance at <\/span><a href=\"mailto:smelending.sg@grab.com\"><span style=\"font-weight: 400\">smelending.sg@grab.com<\/span><\/a><span style=\"font-weight: 400\">. <\/span><span style=\"font-weight: 400\"><br \/><\/span><span style=\"font-weight: 400\">However, do note that the SOA can only be requested within the first week of the <\/span><span style=\"font-weight: 400\">month<\/span><span style=\"font-weight: 400\">, and the turnaround time in receiving the SOA will be from 1 to 3 business days.\u00a0<\/span><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-87910\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-87910\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Are there higher one-time fees because of this?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-87910\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-87910\"><p><span style=\"font-weight: 400\">Fret not, the one-time fee will remain the same despite Grab deducting from multiple stores. We are still retaining the upfront one-time fee deduction from your approved loan amount. <\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-87911\" class=\"elementor-tab-title\" data-tab=\"11\" role=\"button\" aria-controls=\"elementor-tab-content-87911\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><i class=\"fas fa-caret-right\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><i class=\"elementor-toggle-icon-opened fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Can I instead choose which stores I can make repayments from?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-87911\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"11\" role=\"region\" aria-labelledby=\"elementor-tab-title-87911\"><p><span style=\"font-weight: 400\">At the moment, repayments will be automatically deducted from stores with the highest collection.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e0bf17 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e0bf17\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b69ece\" data-id=\"5b69ece\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4eca5eb elementor-mobile-align-justify elementor-align-right elementor-widget elementor-widget-button\" data-id=\"4eca5eb\" data-element_type=\"widget\" data-settings=\"{&quot;sticky&quot;:&quot;bottom&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/www.grab.com\/sg\/lending\/merchant-cash-advance-sign-up\/\" id=\"phone_button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply Now!<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\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<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4bd322f elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4bd322f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-88e5254\" data-id=\"88e5254\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\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":"How is daily deduction calculated? Repayments are made from your Grab earnings on the first 27 days of the month. This helps you with your month end closing. As a result, the repayment amount formula is based on your chosen loan amount divided by the tenure multiplied by the number of deduction days. For example: [&hellip;]","protected":false},"author":1316,"featured_media":0,"parent":153270,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/pages\/160869"}],"collection":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/users\/1316"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/comments?post=160869"}],"version-history":[{"count":375,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/pages\/160869\/revisions"}],"predecessor-version":[{"id":261347,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/pages\/160869\/revisions\/261347"}],"up":[{"embeddable":true,"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/pages\/153270"}],"wp:attachment":[{"href":"https:\/\/www.grab.com\/sg\/wp-json\/wp\/v2\/media?parent=160869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}