GX FlexiCredit
Min. interest rate3.78% p.a.
Max. Loan amountRM 150,000
Max. Tenure5 years
Min. interest rate3.78% p.a.
Max. Loan amountRM 150,000
Max. Tenure5 years
FlexiCredit offers up to RM150,000 worth of credit limit with interest rates as low as 3.78% p.a.! Enjoy instant approval and disbursements to your GXBank account.
Calculate your monthly repayment
*Profit rate, monthly repayment, and total repayment amount displayed are estimates for illustrative purposes only. The actual financing terms, including the approved amount, and final profits are subject to assessment and approval by the lending party.
Fees and Charges
Interest RateAs low as 3.78% p.a.**Subject to terms and conditions
Stamp Duty
Exempted
Processing Fee
Exempted
Late Payment Fee
1.00% on such overdue amountAnd per annum
Early Termination Fee
Exempted
Eligibility
Min. IncomeRM 1,500per monthRM 18,000 per year
Who Can Apply?Malaysian citizens21 - 64 years old
Employment Status
- Salaried employee & self-employed
Documents required to apply
- Copy of identity card (front & back)
- Latest 2 years EPF statement
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest Rate |
|---|---|---|---|
| RM 1,000 - RM 150,000 | 6 - 60 months | min. RM 18,000 | 3.78% p.a. |
Features
Terms and Conditions
Frequently Asked Questions (FAQ)
GX FlexiCredit is a flexible line of credit that's like a personal loan, but way faster! It is offered by GXBank, Malaysia’s first-ever digital bank! Functions similarly to the loans you can get from traditional banks, you can bridge the gap of your financial needs for personal use with this line of credit.
GX FlexiCredit offers instant approval and disbursement. That means you can get your funds approved within minutes and disbursed to your GX Account* quickly, whenever you need them. However, this is still subject to your eligibility assessment. Now, you must be wondering how much you could borrow with GX FlexiCredit. Well, this line of credit offers consumers a high credit limit of up to RM150,000 with affordable interest rates starting from 3.78% per annum. Financing tenure, on the other hand, is from 6 months to 60 months.
Yes, there are a few fees or charges that you should take note of before applying for GX FlexiCredit by GXBank. They are as follows. ● Early Settlement Fees: None ● Processing Fees: None ● Late Payment Fees: 1% p.a. on the overdue amount
Keen to apply? You are eligible for GX FlexiCredit if you meet 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 On a side note, if you are a housewife/househusband, student or a retiree, you are unfortunately not eligible to apply for GX FlexiCredit.
● Activate your approved credit limit on the GXBank app ● Go to your FlexiCredit dashboard and click on the ‘Drawdown’ icon ● Fill in the drawdown amount and tenure that works best for you ● Choose your monthly repayment date (preferably early in the month) ● Review your drawdown details and confirm ● The funds will be disbursed to your GX Account* once confirmed! We also want to emphasise that at this time, loan transfers to other bank accounts are not supported.
Yes, you can. As long as it is within your approved credit limit. Additionally, each time you make loan repayments, your credit limit will be updated. This enables you to withdraw cash once more without submitting further applications or supporting paperwork!
Most definitely. It’s rather simple to do so, just go ahead and open the GXBank app on your mobile phone, look for the ‘FlexiCredit’ icon, and then click on ‘Manage’. From there, you can manage the auto repayment settings to your liking, view your repayment date, plus review your GX FlexiCredit statements seamlessly. *Note: GXBank is a member of PIDM. Deposits are protected by PIDM up to RM250,000 for each depositor.