How are interest savings for my GXS FlexiLoan calculated?

Interest is calculated on a daily, non-compounding basis. You can check your total interest saved upon entering your repayment amount.

If an early repayment is made, it will be deducted from your outstanding GXS FlexiLoan balance on that day, resulting in interest savings to you as interest is calculated on a reduced outstanding balance instead.

The amount you have saved on interest can be viewed in your GXS app during the repayment process.