Grab to Expand Cash Loans and Increase Credit Limit to 30,000 Baht

Matichon•Economy•5d ago

Reader Briefing

Grab is expanding its Grab Quick Cash service to provinces and increasing the maximum loan limit to 30,000 Baht.

•Grab Quick Cash has been available in Bangkok and vicinity for 4 months.
•Grab plans to expand the service to other provinces in the third quarter.
•The maximum loan limit will be increased to 30,000 Baht with a repayment period of up to 9 months.
•Over 60% of users are aged 30–45, followed by Gen X and First Jobbers.

•Grab launched Grab Quick Cash in Thailand in April for people needing capital for their occupations.
•More than 80% of Grab Quick Cash users borrow only 70% of their offered credit limit.
•Users aged 30–45 represent the largest user group at over 60%, followed by Gen X (46+ years) and First Jobbers (20–29 years).
•Users aged 30–45 and Gen X primarily use the loans as working capital, for business expansion, or for emergency expenses.
•First Jobbers use the loans as startup capital for equipment to generate income.
•Grab will expand services to major cities including Chonburi, Khon Kaen, and Chiang Mai in the third quarter.
•Grab is upgrading the maximum loan limit from 20,000 Baht to 30,000 Baht.
•Grab is extending the maximum repayment period from 6 months to 9 months.

Full article content is available on the original source.

Phurat Ongsri

"Grab began trial operations of instant cash loans for the general public, or Grab Quick Cash, in Thailand since April."

แกร็บเริ่มทดลองเปิดให้บริการสินเชื่อเงินสดทันใจสำหรับบุคคลทั่วไปหรือ Grab Quick Cash ในประเทศไทยตั้งแต่เดือนเมษายนที่ผ่านมา

Grab(แกร็บ)

A company providing Grab Quick Cash digital loan services in Thailand.

Phurat Ongsri(นายภูรัชต์ อ่องศรี)

Assistant Managing Director of Financial Services Business at Grab Thailand.

Bangkok and Vicinity(กรุงเทพฯ และปริมณฑล)

The initial area where Grab Quick Cash services were launched.

Chonburi(ชลบุรี)ℹ️

A major city targeted for Grab's loan service expansion in the third quarter.

Khon Kaen(ขอนแก่น)ℹ️

A major city targeted for Grab's loan service expansion in the third quarter.

Chiang Mai(เชียงใหม่)ℹ️

A major city targeted for Grab's loan service expansion in the third quarter.