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GXBank Help Centre

How does a Document Waiver Feature (DWF) application differ from a standard FlexiCredit application?

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Regardless of the application process, whether DWF or the standard application process, all FlexiCredit applications undergo the same rigorous credit evaluation. The bank still assesses your application and profile thoroughly to determine a suitable credit limit based on your repayment capacity and overall financial health.

The key difference between the two processes lie in how your income is verified and assessed, illustrated in the table below:

  Document Waiver Feature Standard Application Process

Mandatory Income Document Upload?

No, not mandatory.

However, in the event you wish the request for a higher credit limit, upload either your: 

  • EPF Statements (for employees)
    or
  • Business Bank Statements (for self-employed

Yes, mandatory.

An upload of either your:

  • EPF Statements (for employees)

or

  • Business Bank Statements (for self-employed is required for application processing)

Income Verification Method

Leverages secured data provided by authorised credit reference agencies and your GXBank account history to evaluate your financial position and your income standing.

Income is verified and evaluated based on the income documents submitted, which are either:

  • EPF Statements (for employees)

 or

  • Business Bank Statements (for self-employed)