Grab broadens its financial services here, offering loans to businesses

Grab, which charges interest from 1 per cent per month, advertised the loan option on Facebook earlier this week.
Grab, which charges interest from 1 per cent per month, advertised the loan option on Facebook earlier this week.ST PHOTO: KELVIN CHNG

SINGAPORE - Technology company Grab is offering loans of up to $100,000 to companies under its latest business initiative.

The loan process takes two minutes and can be done online. Companies that are successful in their loan applications can receive the money in three days.

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