[Changes from 2 Apr 2026] What is changing?
Starting 2 April 2026, interest on FlexiPay will be charged on your outstanding principal amount on a daily basis at the rate of 26% p.a. from the date you convert your Instalment Loan to FlexiPay, regardless of your repayment date.
Previously, interest was only charged if the outstanding balance was not paid in full by the repayment date.
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Before change |
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Interest is accrued on the outstanding principal at 26% p.a. from the date of your FlexiPay conversion, charged only if you do not pay your outstanding balance by the repayment date. |
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From 2 April 2026 onwards |
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Interest is accrued on the outstanding principal at 26% p.a. from the date of your FlexiPay conversion, charged on 2 April 2026 onwards, regardless of your repayment date. |
Your repayment obligations remain unchanged: you must pay at least the minimum monthly repayment (the higher of 1% of principal or S$30, plus any applicable interest and fees) by your due date.
We encourage you to review your current FlexiPay outstanding balance in the GXS Bank app and plan for the new interest charges that will apply to any outstanding balance on or after 2 April 2026.