Grab now has a Cash Loan service

During its GrabX annual product showcase in Jakarta, Indonesia, the ride-hailing company announced its own Cash Loan service. This brings micro-loans directly into its superapp, starting with users in the Philippines.

Eligible users can get quick access to credit through AI-powered underwriting and fully in-app processing, cutting down the usual paperwork required for traditional loan applications.

To determine eligibility, the company says it evaluates a mix of behavioral and usage signals using its ‘decisioning engine. These include how often a user books rides, their average order value on GrabFood, and how long they’ve been using the platform.

The system combines these data points into a single score that Grab uses to decide who qualifies for a loan.

The Philippines is the first market to launch the service, a move Grab says reflects the country’s competitive landscape regarding financial services for the underbanked.

Grab President and Chief Operating Officer Alex Hungate noted that demand for alternative financing options remains strong in the region.

Grab’s Cash Loan feature is live in the Philippines alongside 10 other new tools introduced at GrabX. For now, it’s only visible to pre-approved users within the app.