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SB Finance, Grab PH launch loan products

Security Bank Corp.'s consumer finance arm SB Finance Corp. (SBF) has partnered with Grab Philippines to offer personal loans of up to P2 million to Grab users, driver-partners and merchant-partners through the Grab superapp.

Under the partnership, users of the Grab app can apply for an SB Finance personal loan of up to P2 million with payment terms of up to 36 months. The application will be through an online process and applicants can expect funds to be released in five days.