You can choose to transfer funds into a third-party bank account via PayNow held in your own name.
Before initiating a drawdown, you need to have a third-party bank account connected to your PayNow, via mobile and/or NRIC.
Here are the steps to do so:
- Open your GXS app. On your GXS FlexiLoan home screen, tap on 'Borrow'.
- Key in the amount you need.
- Select your repayment period.
- Name your loan (to indicate its purpose!).
- Select where you’d like to transfer your loan to.
- Review the transfer details and click 'Confirm & Borrow'.