What happens if I miss a repayment on my GXS FlexiLoan Biz account

If you miss a monthly repayment on your GXS FlexiLoan Biz Account, a late interest of 28% per annum will be charged on your total outstanding principal. Late interest will be chargeable from the 4th day after your repayment was due on your GXS FlexiLoan Biz monthly repayment date.

To help you catch up on missed repayments, any overdue amount will be automatically deducted from your GXS Biz Account daily at 6:00am and 6:00pm Singapore Time (SGT), beginning on the 3rd day after your GXS FlexiLoan Biz monthly repayment date. This process will continue until the balance is fully paid off. You should ensure that you have sufficient funds for auto deduction for all loans to avoid late interest charges.