GXS Bank

This Campaign is available from 01 March 2025 to 30 April 2025 (both dates inclusive) or such date(s) as may be determined by GXS Bank Pte. Ltd. (“GXS Bank” or “Bank”) in its sole and absolute discretion (“Campaign Period”).

1. Subject to Clause 2(b) below, you are eligible to participate in Campaign if:
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   • (1) you have applied for a GXS FlexiLoan Biz during the Campaign Period through GXS Bank approved channels and the Bank has approved your GXS FlexiLoan Biz application during the Campaign Period, or (2) you are an existing GXS FlexiLoan Biz account holder and you have received an invite from the Bank via approved Bank channels such as telephone call, the GXS Bank app and/or an email from the Bank to your GXS-registered email address to participate in this Campaign; and
   • your GXS FlexiLoan Biz account remains active and in good standing with the Bank at all material times, including during the Campaign Period and the tenure of the applicable loan.

2. You will not be an Eligible Customer for the Campaign if:
   
   • any condition in Clause 2(a) has not been complied with;
   • any information which you have provided to the Bank during the GXS FlexiLoan Biz application process has materially changed prior to drawdown of the loan; or
   • at any time during the Campaign Period or prior to the expiry of the applicable loan, your GXS FlexiLoan Biz account with the Bank is closed, suspended, cancelled or terminated (whether voluntarily or involuntarily), or you’ve breached any of the Terms of this Campaign or the GXS FlexiLoan Biz Terms
3. “Eligible Customer” means a customer who has fulfilled the applicable eligibility requirements of the Campaign.

1. Under this Campaign, Eligible Customers who fulfil the requirements of the Campaign shall enjoy a promotional interest rate of 4.99% (EIR 9.32%)¹ for such period and on the terms and conditions stated herein (“Promotional Rate”).
2. For Eligible Customers which are new-to-GXS FlexiLoan Biz during the Promotion Period, such an Eligible Customer is eligible to enjoy the Promotional Rate throughout the Campaign Period if you fulfil the requirements of the Campaign Drawdown and Repayment Action as follows:
   
   • you perform a drawdown of a single GXS FlexiLoan Biz loan of at least S$1,000 during the Campaign Period and such loan has a loan tenure of not less than four (4) months (“Campaign Drawdown”); and
   • you comply with and do not breach the GXS FlexiLoan Biz Terms, including fulfilling your repayment obligations by repaying your monthly instalments (together with interest accrued) in each of next three calendar months after the month in which the Campaign Drawdown was performed for all your GXS FlexiLoan Biz loans in accordance with the GXS FlexiLoan Biz Terms only on such date they become due (each repayment a “Repayment Action” and collectively, “Repayment Actions”).
3. For Eligible Customers which are existing GXS FlexiLoan Biz customers prior to the Campaign Period, such an Eligible Customer is eligible to enjoy the Promotional Rate in the following manner:
   
   • your prevailing GXS FlexiLoan Biz account interest rate will be automatically changed to the Promotional Rate upon the start of the Campaign Period; and
   • you will be eligible to enjoy the Promotional Rate throughout the Campaign Period if you fulfil the requirements of the March 2025 Drawdown and Repayment Action as follows:
     1. you perform a drawdown of a single GXS FlexiLoan Biz loan of at least S$1,000 during the Campaign Period and such loan has a loan tenure of not less than four (4) months (“Campaign Drawdown”); and
     2. you comply with and do not breach the GXS FlexiLoan Biz Terms, including fulfilling your repayment obligations by repaying your monthly instalments (together with interest accrued) in each of next three calendar months after the month in which the Campaign Drawdown was performed for all your GXS FlexiLoan Biz loans in accordance with the GXS FlexiLoan Biz Terms only on such date they become due (each repayment a “Repayment Action” and collectively, “Repayment Actions”).
4. For Eligible Customers which are new-to-GXS FlexiLoan Biz during the Promotion Period, such an Eligible Customer is eligible to enjoy the Promotional Rate throughout the Campaign Period if you fulfil the requirements of the Campaign Drawdown and Repayment Action as follows:
5. For Eligible Customers who do not fulfil either the Campaign Drawdown requirement or any or all of the Repayment Actions requirement or both, the applicable GXS FlexiLoan Biz account interest rate to be effected upon non-fulfillment (in the first week of the month following such non-fulfillment) will be:
   
   • For Eligible Customers which are new-to-GXS FlexiLoan Biz during the Promotion Period, the non-promotional interest rate and EIR offered to you and displayed on our GXS Bank app screen and which would have been applicable to your GXS FlexiLoan Biz account if not for the promotional interest rate offered under this Campaign; and
   • For Eligible Customers which are existing GXS FlexiLoan Biz customers prior to the Campaign Period who do not fulfil the Campaign Drawdown requirement, reverted to the GXS FlexiLoan Biz account interest rate applicable before the Promotional Rate was applied during the Campaign Period; and
   • For Eligible Customers which are existing GXS FlexiLoan Biz customers prior to the Campaign Period and who fulfil the Campaign Drawdown requirement but not the Repayment Actions, reverted to the GXS FlexiLoan Biz account interest rate applicable before the Promotional Rate was applied during the Campaign Period, after the Campaign Period.

¹Effective Interest Rate (“EIR”) is calculated based on an average loan amount of S$10,000 with a 24-month repayment period

1. This Campaign is not valid with other offers or promotions unless otherwise stated. For the avoidance of doubt, all Eligible Customers who are a sole proprietor who is a Grab Merchant or a sole proprietor who is part of the Singtel Consumer Business or Singtel SMB and Enterprise Business for this Campaign may also participate in the Biz Ecosystem Terms - Grab and Biz Ecosystem Terms - Singtel if they have complied with the applicable terms and conditions thereunder, unless otherwise stated.
2. The Bank may add to, amend, modify or vary any or all of these Terms at any time without notice or liability to any person.
3. The Bank’s records and decisions on all matters relating to the Campaign (including but not limited to the eligibility of any person to participate in the Promotion, the awarding of any cashback, voucher or item or determination of any winner and the offer of any interest rate with respect to the GXS FlexiLoan Biz) shall be final, conclusive and binding on all customers. We are not obliged to entertain any correspondence.
4. In the event of any inconsistency between these Terms and any brochure, marketing or promotional material relating to the Campaign, these Terms shall prevail.
5. The Bank, employees and/or independent contractors shall not be liable for any loss, liability, expense, damage and/or injury whatsoever or howsoever incurred or sustained by any person by reason of, arising from or in connection with the Campaign including the redemption or use of any good, service, product or facility of any merchant (if applicable) or for any other reason.
6. The Bank is not responsible for any failure or delay in the transmission of any transaction by any party, including acquiring merchants, merchant establishments or any telecommunication provider.
7. These Terms shall be governed by and interpreted in accordance with Singapore law, and you agree to submit to the exclusive jurisdiction of the Singapore courts.
8. A third party who is not a party to these Terms shall have no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce or enjoy the benefit of any provision of these Terms.
9. These Terms shall apply in conjunction with the GXS FlexiLoan Biz Terms and any other relevant terms as may be updated and/or notified by the Bank from time to time.
10. The Bank reserves the right, at its sole and absolute discretion, to suspend, discontinue, extend and/or otherwise terminate the Campaign at any time without notice. The Bank shall not be liable for any damages, losses, claims or expenses arising from the suspension, discontinuance, extension and/or termination of any Promotion.
11. The Bank reserves the right to reject any application, suspend, terminate or close any GXS FlexiLoan Biz account and/or change or vary any term of the GXS FlexiLoan Biz offered (including the credit limits or any interest rate) at its sole and absolute discretion, including but not limited to if the Bank determines (at its sole discretion) that an Eligible Applicant has not fulfilled the terms of the Campaign and/or otherwise any misrepresentation, misconduct, fraud, and/or unfair or illegal conduct has been exhibited on the part of the Eligible Applicant at any time.
12. All information is accurate at the time of publication.