Security Bank’s financial arm, Grab PHL joins forces to offer personal loan products
SB Finance Corp., the consumer finance arm of Security Bank Corp., has partnered with Grab Philippines to provide personal loans to Grab users, driver-partners and merchant-partners through the mobile app of these latter.
In a statement, SB Finance said that as part of its partnership with Grab, users of the ridesharing and food delivery app can apply for a personal loan of up to 2 million pesos with payment terms. up to 36 months.
Applying for the loan will be done through an online process and applicants can expect the funds to be released in five days, he said.
“Our strategic partnership with Grab Philippines aims to help Filipinos by providing personal loans tailored to their needs. We are optimistic that Grab users, drivers, delivery people and merchant partners will be able to enjoy a holistic digital lending experience as we navigate the new normal, ”said Abbie Casanova, President and CEO of SB Finance .
For his part, the director of Grab Financial Services in the Philippines, Erwin Yamsuan, said that the company’s partnership with SB Finance would give its users better access to much-needed funding that they can use to pursue plans. doing business, renovating, or paying for health emergencies. , among others.
“We hope that with these loans, consumers can maintain or improve their quality of life, especially during this pandemic,” Yamsuan said.
SB Finance is a joint venture between Security Bank Corp. and Krungsri in Thailand.—AOL, GMA News