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GXS Help Centre

What can I use my GXS FlexiLoan for?

GXS FlexiLoan is a credit line which you can draw up to 10 loans from your available credit limit. No interest nor fees will be charged if you do not draw a loan from the credit line.

Based on your needs, there are 2 types of loans you can take:

Instalment Loan
If you prefer to manage your budget with equal monthly payments over a longer period, then this is the loan for you.

  • Select a loan tenure of 2 - 60 months (as assigned by the bank)
  • Interest from as low as 2.99% p.a. (EIR 5.65% p.a.) or any rate assigned by the bank. No fees at all!
  • Repay early and enjoy interest savings

Possible uses: Support your financial goals, business needs, renovation, education, managing multiple outstanding balances with a single facility etc.

Balance Transfer
Conserve cash by making smaller repayments each month over a shorter period. Minimum monthly repayment could be as low as 1% of your loan principal (or at such other rate as stipulated by the bank)

  • Select a loan tenure of 4 - 12 months (as assigned by the bank) and repay the remaining outstanding only at the end of the loan tenure
  • Enjoy 0% interest with a one-time processing fee (EIR 4.13% p.a.)

Do note that you can draw a Balance Transfer only once, unless otherwise allocated by the bank.

Possible uses: Support your financial goals, emergencies, short-term business cash-flow cycles, managing multiple outstanding balances with a single facility etc.

*Effective Interest Rate (EIR) for Instalment Loan is calculated based on an average loan amount of S$10,000 with a 24-month repayment period, from 1 Jan 2024 to 1 Jan 2026. EIR for Balance Transfer is calculated with an average loan amount of $10,000, with a 4-month repayment period, from 1 Jan 2024 and a minimum monthly due of 1% of loan principal.

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