GXS Bank Introduces FlexiLoan

Interest rates start from 3.

Interest rates start from 3.8% per annum.

One of Singapore digital-only banks, GXS, has debuted a personal loan product called GXS FlexiLoan.

The FlexiLoan, touted as the first unsecured term loan provided by a Singaporean bank, allows customers to pay off their loan partially or completely without any early repayment fees, while also benefiting from interest savings.

Also, the new credit product infused traits of a credit line and personal instalment loans. Thus, allows customers control and flexibility over their finances with a monthly payment option that can be aligned with their salary payout.

ALSO READ: GXS Bank names former SGX president as group CEO

The minimum loan amount is settled at $200 and is open to individuals that meet the regulatory standards of Singapore such as a minimum annual income of $20,000.

Those that are able to pay off their debt at an earlier time can benefit from the reduced accumulated interest rates. Interest rates begin from 3.8% per annum (p.a.) and depend on an individual’s credit risk score assessment.

Consumers of the loan can opt for multiple loan drawdowns from their credit line with no underwriting or approvals.

FlexiLoan is the bank’s second product after the exclusive GXS Savings Account offering, which launched in August last year.

GXS Bank

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Banking & Finance account? Login

Can't log in?

Return to login

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit