What is GXS FlexiLoan?

When you apply for GXS FlexiLoan, you get access to a standby credit line from which you can draw loans from.

What is a standby credit line?

• You have the flexibility to borrow a loan from the credit line only when you need it
• No interest or fees will be charged if you do not borrow from the credit line
• You can borrow multiple loans up to your credit limit

What are the great things about GXS FlexiLoan?

• There are 2 types of loans you can take based on your needs - Instalment Loan with interest rates from 2.99% p.a. (EIR 5.65% p.a.) or a 0% interest Balance Transfer with a one-time processing fee (EIR 4.13% p.a.) where allocated
• You can get cash instantly 24/7
• Before drawing down a loan, all interest rates and fees are clearly displayed to you so you can make the best choice
• Flexibility to select a monthly repayment date that works for you
• No early repayment fees
• No annual fees
• No late fees, but a late interest is chargeable if you do not make your loan repayments on time
• You can borrow up to 10 loans from your available credit limit

* 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.