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GXBank Help Centre

What is GX Biz FlexiLoan?

 

GX Biz FlexiLoan is a line of revolving credit where Business customers will be granted a credit limit that they are able to make drawdowns from, as long as its within their assigned credit limit.

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

What are the great things about GX Biz FlexiLoan?

  • You can get cash instantly 24/7
  • 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 multiple loans, up to the full amount of your available credit limit.
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