Photo courtesy of KhaoSod
Grab Thailand announced a revamped portfolio of cash loans aimed at its partner merchants, offering three distinct loan products to cater to businesses of all sizes.
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Grab Thailand announced a revamped portfolio of cash loans aimed at its partner merchants, offering three distinct loan products to cater to businesses of all sizes. The new offerings include loan amounts up to 10 million baht with interest rates capped at 1% per month for larger businesses.
The initiative aims to boost working capital, enhance liquidity, and support entrepreneurs in expanding their businesses amidst challenging economic conditions. The loans boast user-friendly application processes, requiring no paperwork, quick approvals within one day, and convenient daily repayments.
Chansuda Thananityaudom, Deputy Managing Director of Commerce and Marketing at Grab Thailand, highlighted the sluggish economic environment influenced by both domestic and international factors. She noted that Thailand’s household debt levels remain high, impacting the…