Flexible capital up to S$150,000 with GXS FlexiLoan Biz

When you apply for GXS FlexiLoan Biz, you get access to a revolving line of credit from which you can borrow loans from.

What is a revolving line of credit?

• You have the flexibility to borrow a loan from the credit line only when you need it
• No interest or fees will be charged if you do not borrow from the credit line
• You can borrow multiple loans up to your credit limit

• Enjoy low interest rates of up to 4.99% p.a. (EIR 9.32% p.a.)
• Borrow instantly at the click of a button
• Before borrowing a loan, all interest rates and fees are clearly displayed to you so you can make the best choice
• Flexibility to select a monthly repayment date that works for your business
• No early repayment fees
• No annual fees
• No late fees, but a late interest is chargeable if you do not make your loan repayments on time
• You can borrow up to 10 loans from your available credit limit

* Effective Interest Rate (EIR) for GXS FlexiLoan Biz is calculated based on an average loan amount of S$10,000 with a 24-month repayment period, from 1 January 2024 to 1 January 2026.

The GXS FlexiLoan Biz application process is hassle-free and requires no documentation.

Simply ensure that your company details and residential address are updated on ACRA and Singpass respectively, before signing up for an account.

if you require assistance on your Singpass access, you may contact Singpass Helpdesk directly.

Your interest rate (APR and EIR) will be shared with you upon successful application along with your assigned credit limit, so that you have all the details you need to make an informed decision on whether you wish to take up on the offer.

You may also find your interest rate within the GXS Bank app home screen right beneath your GXS FlexiLoan Biz credit limit.

* The Annual Percentage Rate (APR) represents the total borrowing cost, expressed as a yearly rate, relative to the initial loan amount.
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The Effective Interest Rate (EIR) is the rate that reflects the true cost of borrowing and takes into account total charges. It's computed over a reducing balance basis and accrued daily.

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 Biz balance on that day, resulting in interest savings for you as interest is calculated on a reduced outstanding balance instead. The interest amount that you saved will be shown in your GXS Bank app during the repayment process.

There are zero fees involved for your GXS FlexiLoan Biz - be it early repayment fees, processing fees or late fees.

While there are no fees, you will still be charged late interest for late repayments. Simply pay on time to avoid this.