Grab Financial Group Philippines defended its microloan products for driver- and delivery-partners, saying they offer fixed costs, no penalty fees, and transparent repayment schedules compared to informal lenders.
The company emphasized that loans are designed to cover urgent needs like vehicle repairs, medical expenses, or education, with borrowing capped based on verified earnings to prevent over-leveraging.
Repayments are structured as smaller daily deductions aligned with partners’ app earnings, and temporary loan holidays are offered during disasters.
Grab also argued that traditional annualized interest rates can misrepresent short-term microloan costs, and stressed that total repayment amounts provide a clearer picture for borrowers.
The company reaffirmed its commitment to Philippine regulations and expressed willingness to work with authorities to enhance consumer protection in digital lending.
Source: PhilNews24 | March 5, 2026
