Terms and conditions governing GXS FlexiLoan - Balance Transfer Conversion Feature (Manual) Promotion (“Promotion”)

This Promotion is available during Promotion Period (as defined in the invite from the Bank which you have received via the GXS Bank app and/or email from GXS to your GXS-registered email address) or such date(s) as may be determined by GXS Bank Pte. Ltd. (“Bank”) in its sole and absolute discretion (“Promotion Period”).

1. Subject to Clause 2.2 below, you are eligible to participate in this Promotion if:
   (i) you have received an invite from the Bank via the GXS Bank app and/or an email from GXS to your GXS-registered email address to participate in this Promotion; and
   (ii) you have met the conditions set out in these Terms
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   (an “Eligible Applicant”).
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2. You will not be an Eligible Applicant if:
   (i) any condition in Clause 2.1 has not been complied with;
   (ii) any information which you have provided to the Bank during the GXS FlexiLoan application process has materially changed prior to conversion of your Balance Transfer loan to an instalment loan; or
   (iii) at any time during the Promotion Period or prior to conversion of your Balance Transfer loan to an instalment loan:
        (A) your GXS FlexiLoan account with the Bank is closed, suspended, cancelled or terminated (whether voluntarily or involuntarily); or
        (B) you’ve breached any of the Terms of this Promotion or the GXS FlexiLoan Terms and Conditions.

1. Under this Promotion, an Eligible Applicant is eligible to convert the full outstanding amount (together with interest accrued if any) owed on a Balance Transfer loan to an instalment loan under such Eligible Applicant’s GXS FlexiLoan account provided:
   (i) at the time of conversion, there is a minimum outstanding amount of at least S$200 on such GXS FlexiLoan - Balance Transfer loan;
   (ii) at the time of conversion, there are no overdue outstanding amounts owed to the Bank;
   (iii) at the time of conversion, all accounts held with the Bank are not and will not reasonably likely be frozen, suspended, blocked, closed or terminated or be under any investigation;
   (iv) at the time of conversion, the tenure permitted by the Bank for any such converted loan is not less than 2 months; and
   (v) the Eligible Applicant is at all times in full compliance with the terms and conditions applicable to your GXS FlexiLoan account.
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2. A Balance Transfer loan may only be converted to an instalment loan once.
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3. An Eligible Applicant may only convert the outstanding amount under the Balance Transfer loan in whole and not in part.
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4. A new repayment date cannot be selected for the converted instalment loan. The repayment date for the converted instalment loan shall be the same repayment date as the relevant Balance Transfer loan which was converted.
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5. For the avoidance of doubt, the GXS FlexiLoan Terms and Conditions shall apply to any converted instalment loan.
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6. Notwithstanding that any person has received this Promotion offer, the Bank reserves the right to offer at its discretion or decline any Balance Transfer loan conversion to an instalment loan at any time without providing any reasons and without any liability.