GXS Bank
Terms and conditions governing GXS FlexiLoan October Rewards Campaign (“Campaign”)
By participating in any of the following Promotion(s) under this Campaign, you agree to the following terms and conditions, as may be amended by the Bank from time to time (“Terms”). Unless otherwise stated, all capitalised terms used in this Campaign shall have the meanings set forth in the GXS FlexiLoan Terms and Conditions or as otherwise defined elsewhere in these Terms.
This Campaign consists of the following two (2) Promotions and is available from 3 October 2023 to 31 October 2023 (both dates inclusive) or such date(s) as may be determined and notified by GXS Bank Pte. Ltd. (“GXS” or “Bank”) in its sole and absolute discretion (“Promotion Period”):
- October FlexiLoan Welcome Rewards Promotion (“Welcome Rewards Promotion”); and
- October FlexiLoan Drawdown Rewards Promotion (“Drawdown Rewards Promotion”);
(each, a “Promotion”).
2.1. Eligibility
- Subject to Clause 2.1(b) below, you are eligible to participate in this Welcome Rewards Promotion if:
i. you have received an invite from the Bank via approved bank channels to participate in this Welcome Rewards Promotion;
ii. you are aged 21 and 65 years of age and have full legal capacity;
iii. you are a Singapore Citizen or Singapore Permanent Resident;
iv. your annual income is at least S$20,000;
v. you have applied for a GXS FlexiLoan during the Promotion Period through GXS channels made available and accepted by the Bank,
(a “Welcome Rewards Eligible Applicant”).
- You will not be a Welcome Rewards Eligible Applicant if:
i. you are an existing holder of a GXS FlexiLoan account or have opened and held a GXS FlexiLoan account at any time prior to the Promotion Period;
ii. any condition in Clause 2.1(a) has not been complied with;
iii. any information which you have provided to the Bank during the GXS FlexiLoan application process has materially changed prior to drawdown of the loan; or
iv. at any time during the Promotion Period or prior to fulfillment of the S$5 GrabGift Reward:
(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 Campaign or the GXS FlexiLoan Terms and Conditions.
2.2. Reward
- Under this Welcome Rewards Promotion, a Welcome Rewards Eligible Applicant is eligible to receive a S$5 GrabGift Promotion Code (“S$5 GrabGift Reward”) subject to the Terms of this Campaign.
- The S$5 GrabGift Reward is awarded on a first-come-first-served basis and is limited to the first 10,000 Welcome Rewards Eligible Applicants who have successfully complied with the terms and conditions of this Welcome Rewards Promotion (and any other applicable Terms of this Campaign) (“Welcome Rewards Successful Participant”), provided such customer has provided the Bank with full and accurate details and/or particulars.
- Each Welcome Rewards Eligible Applicant who is a Welcome Rewards Successful Participant is limited to one (1) S$5 GrabGift Reward.
3.1. Eligibility
- Subject to Clause 3.1(b) below, you are eligible to participate in this Drawdown Rewards Promotion if:
i. you have received an invite from the Bank via approved bank channels to participate in this Drawdown Rewards Promotion;
ii. you have applied for a GXS FlexiLoan during the Promotion Period through GXS channels made available and accepted by the Bank and the Bank has approved your GXS FlexiLoan application during the Promotion Period (“Successful FlexiLoan Application”); and
iii. you have performed a drawdown of a single loan of (1) at least S$3,000 or (2) at least 50% of the credit limit made available to you during the Promotion Period; and
iv. the loan referred to in sub-clause (iii) has a loan tenure of not less than 6 months.
(a “Drawdown Rewards Eligible Applicant”).
- You will not be a Drawdown Rewards Eligible Applicant if:
i. you are an existing holder of a GXS FlexiLoan account or have opened and held a GXS FlexiLoan account at any time prior to the Promotion Period;
ii. you prepay your loan in full on or before 15 January 2024;
iii. any condition in Clause 3.1(a) has not been complied with;
iv. at any time during the Promotion Period or prior to fulfillment of the S$30 GrabGift Reward:
(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 Campaign or the GXS FlexiLoan Terms and Conditions.
3.2. Reward
- Under this Drawdown Rewards Promotion, a Drawdown Rewards Eligible Applicant is eligible to receive a S$30 GrabGift Promotion Code (“S$30 GrabGift Reward”) subject to the Terms of this Campaign.
- The S$30 GrabGift Reward is awarded on a first-come-first-served basis and is limited to the first 1,000 Drawdown Rewards Eligible Applicants who have successfully complied with the terms and conditions of this Drawdown Rewards Promotion (and any other applicable Terms of this Campaign) (“Drawdown Rewards Successful Participant”), provided such customer has provided the Bank with full and accurate details and/or particulars.
- If a customer is (i) eligible to participate in any other campaign or promotion organised by the Bank (other than the Welcome Rewards Promotion) in addition to this Drawdown Rewards Promotion and (ii) the promotion period under such campaign or promotion overlaps (whether in whole or in part) with the Promotion Period, such customer shall only be entitled to one (1) reward of the higher value. For the avoidance of doubt, if a customer meets the relevant eligibility requirements of the Promotions under this Campaign, such customer is entitled to participate in and receive the Rewards under the Promotions in this Campaign (in each case subject to the Terms of this Campaign).
- Each Drawdown Rewards Eligible Applicant who is a Drawdown Rewards Successful Participant is limited to one (1) S$30 GrabGift Reward.
- This Clause 4 applies to the Promotions and the relevant rewards in relation thereto (the S$5 GrabGift Reward and the S$30 GrabGift Reward, together the “Rewards”) under this Campaign.
- Following the end of the Promotion Period, and/or upon such time that the relevant Terms of each Promotion has been fulfilled, the Bank will provide the Welcome Rewards Successful Participants and Drawdown Rewards Successful Participants (together, the “Successful Participants”) with details to redeem and/or use the Reward, and such conditions accompanying the redemption and/or use of the Reward from the supplier of the Reward. Only the Successful Participants will be notified.
- The Successful Participants shall accept their respective Rewards as it is and subject to any terms and conditions that may be imposed by the supplier of the Reward.
- The Successful Participants shall comply with such conditions of redemption and/or use stipulated by the supplier of the Reward, including the expiry of the Reward.
- The Rewards are available on a first-come first-served basis and may be limited in quantity and the Bank makes no guarantee on the availability of a Reward.
- The Rewards shall not be transferable, sold and/or exchangeable for cash, credit or any other items in part or in whole.
- The Bank shall not be liable to replace and/or compensate any Successful Participant for any Reward that has been lost, expired and/or otherwise not redeemed, collected or used in accordance with the terms and conditions.
- The Bank reserves the right to claw back the value of any Reward if it determines, at its sole and absolute discretion, that a customer has not fulfilled the terms of the applicable Promotion or this Campaign and/or otherwise any misrepresentation, misconduct, fraud, and/or unfair or illegal conduct has been exhibited on the part of the customer at any time.
- The Bank is not the supplier of the Rewards, and is not obliged to assist or otherwise act on behalf of the customer to communicate with the supplier of the Rewards for any reason, including but not limited to, the pursuit of any recourse against the supplier.
- The Bank makes no representation or warranty as to the quality or fitness for purpose, whether express or implied, of the Rewards.
- Each Promotion set out in this Campaign is not valid with other offers or promotions unless otherwise stated.
- The Bank may add to, amend, modify or vary any or all of these Terms at any time without notice or liability to any person.
- The Bank’s records and decisions on all matters relating to any Promotion (including but not limited to the eligibility of any person to participate in the Promotion and the awarding of any cashback, voucher or item or determination of any winner) shall be final, conclusive and binding on all customers. We are not obliged to entertain any correspondence.
- In the event of any inconsistency between these Terms and any brochure, marketing or promotional material relating to the Promotion, these Terms shall prevail.
- The Bank, employees and/or independent contractors shall not be liable for any loss, liability, expense, damage and/or injury whatsoever or howsoever incurred or sustained by any person by reason of, arising from or in connection with any Promotion under this Campaign including the redemption or use of any good, service, product or facility of any merchant (if applicable) or for any other reason.
- The Bank is not responsible for any failure or delay in the transmission of any transaction by any party, including acquiring merchants, merchant establishments or any telecommunication provider.
- These Terms shall be governed by and interpreted in accordance with Singapore law, and you agree to submit to the exclusive jurisdiction of the Singapore courts.
- A third party who is not a party to these Terms shall have no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce or enjoy the benefit of any provision of these Terms.
- These Terms shall apply in conjunction with the GXS FlexiLoan Terms and Conditions and any other relevant terms as may be updated and/or notified by the Bank from time to time.
- The Bank reserves the right, at its sole and absolute discretion, to suspend, discontinue, extend and/or otherwise terminate any Promotion under this Campaign at any time without notice. The Bank shall not be liable for any damages, losses, claims or expenses arising from the suspension, discontinuance, extension and/or termination of any Promotion.
- All information is accurate at the time of publication.
3 October 2023
GXS Bank Pte. Ltd. (202005626H)