How much is the admin fee for Grab?

Understanding the Admin Fee and Payment Penalties for Grab Installment Plans

Grab, a leading ride-hailing and delivery platform, offers installment plans to its users for flexible payment options. However, it’s important to be aware of the associated admin fee and late payment penalties to ensure timely repayments.

Admin Fee for Installment Plans

When you opt for Grab’s installment plan, you may be subject to a processing fee. This fee is typically charged once, at the time of purchase, and is a non-refundable cost for setting up the installment payment schedule. The exact amount of the admin fee can vary depending on the terms of the installment plan you choose.

Late Payment Penalty

To ensure timely repayments, Grab imposes a late payment penalty of $15 SGD for installments that are not paid by their due date. This penalty will be levied from April 1st onwards. It’s crucial to note that late payments can affect your credit score and lead to additional collection fees or legal action.

Managing Installment Plan Payments

To avoid late payment penalties and potential consequences, it’s essential to carefully manage your installment plan payments. Here are a few tips:

• Set up automatic payments: Ensure that your installment payments are automatically deducted from your nominated account on the due date. This can be done through Grab’s mobile app.
• Set reminders: Use calendar reminders or phone notifications to remind you of upcoming payments.
• Monitor your account: Regularly check your Grab account to track your payment progress and ensure that payments are being processed on time.

By understanding the admin fee and late payment penalties associated with Grab’s installment plans, you can make informed decisions and manage your payments responsibly to avoid any additional costs or penalties.