GX FlexiCredit

  • Loan amount 1k–150k
  • Tenure1-5Years
  • Age 21-64 Years
  • Min Income 1,500 pm
  • Employee & private sectors
  • 1 week

Borrow RM Monthly Repayment
RM


Interest Rate

%
How Long
My monthly income
As a

Interest rates

Based on your loan amount & loan period, the interest rates are as low as the following

You borrow Loan period Your Annual Income Interest rate
RM1,000 - RM150,000 6 to 60 months min. RM18,000 3.78% p.a.

Repayment period is minimum 6 months and maximum 60 months (depending on the financing tier selected)

Fees & Charges

Interest Rate / APR

As low as 3.78% p.a.*
*Subject to terms and conditions

Processing Fee

None

Stamp Duty

None

Early Termination Fee

None

Late Penalty Fee

 1%  from current outstanding amount, and per annum

Requirements

Minimum Annual Income

RM18,000

Minimum Age

  • 21 to 64 years old

Who can apply

  • Malaysians
  • Salaried employee
  • Self-employed

More Information

What is GX FlexiCredit?

GX FlexiCredit is a line of credit offered by Malaysia’s first digital bank, GXBank. Works similarly to the conventional loan you get from brick-and-mortar banks, GX FlexiCredit serves as a line of credit that gives borrowers a certain amount of credit limit to make cash drawdowns for personal use.

Why should I apply for GX FlexiCredit by GXBank?

FlexiCredit by GXBank aims to provide financial assistance when you need it the most, without having to go through complicated and unnecessary steps.

That said, you can expect instant approval when you apply for GX FlexiCredit and fast disbursements to your GX Account* whenever you need to draw down some funds.

Besides that, you can apply for a line of credit of up to RM150,000 with interest rates from as low as 3.78% p.a., but this amount is, however, subject to eligibility requirements. Borrowing tenures, on the other hand, start from as short as 6 months up to 60 months.

What are the fees or charges?

Below are the fees or charges that apply to GX FlexiCredit that you should know about.

  • Early Settlement Fees: None
  • Processing Fees: None
  • Late Payment Fees: 1% p.a. on the overdue amount

Am I eligible for GX FlexiCredit?

You are eligible for GX FlexiCredit by GXBank if you have the following criteria.

  • Malaysian citizen with a valid IC/ MyKad
  • Age between 21 to 64 years old
  • Minimum monthly income of RM1,500
  • Employed or self-employed

Please note that housewives or househusbands, students and retirees are not eligible to apply for GX FlexiCredit.

My credit limit has been approved. How do I draw down cash?

It’s simple! Please follow the steps below provided by GXBank.

  • Activate your approved credit limit
  • Go to your FlexiCredit dashboard and click on the ‘Drawdown’ icon
  • Fill in the drawdown amount and tenure that you want
  • Select your monthly repayment date
  • Review your drawdown details and confirm
  • The funds will then be disbursed to your GX Account*!

We also would like to highlight that disbursements to other bank accounts are not supported for now.

Is it possible to make multiple cash drawdowns?

Yes! You can make multiple drawdowns as long as they’re within your approved credit limit. Your credit limit will also refresh every time you make repayments on your loan. This allows you to make cash drawdowns again without having to submit further applications or documentation.

How to manage my GX FlexiCredit loan account?

You can manage your GX FlexiCredit account on your GXBank app. Simply go to the FlexiCredit dashboard, click on the ‘Manage’ icon, and you can then manage your auto repayment settings, view your repayment date, including your GX FlexiCredit statements.

*Note: GXBank is a member of PIDM. Deposits are protected by PIDM up to RM250,000 for each depositor.