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GXS Help Centre

How do I calculate my GXS FlexiLoan monthly repayment amount?

The interest payable component forms part of your Equated Monthly Instalment (EMI) amount, which is reflected in-app in your repayment schedule. For example,

APR: 3% p.a.
EIR: 5.69% p.a.
Tenure: 3 years
Loan drawn: S$10k

Total interest payable = Loan * APR * tenure
= $10,000 * 3% / 365 * (365 * 3 years)
= $900

EMI amount = (interest payable + principal) / tenure
= ($900 + $10,000) / 36 months
= $302.78

Your monthly repayment amount over the 3 year tenure will therefore be $302.78.

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