GXS FlexiLoan Terms and Conditions
At a glance
The GXS FlexiLoan is a standby revolving line of credit that is accessible through our GXS app.
You can open 1 GXS FlexiLoan Account in your own name and draw multiple loans up to your credit limit. You may make repayments in monthly instalments. No fees are chargeable, but additional late interest will accrue on late payments.
Funds drawn from your GXS FlexiLoan can be transferred to your GXS Savings Account or your third-party bank account registered with PayNow. You may draw up to 10 active loans at a time, subject to a minimum loan amount of S$200 per loan, within your credit limit. You may choose your preferred tenure for each loan, and the repayment date applicable to your loan(s).
You may make loan repayments within our GXS app with funds from your GXS Savings Account or your third-party bank account. You should ensure that fund transfer details are accurate as there is no guarantee we will be able to reverse any erroneous transaction.
We place focus on providing digital and paperless services to you, therefore you will be able to download your monthly statements from our GXS app.
You must be at least 21 years old, a Singaporean citizen or permanent resident, and earn a minimum income of S$20,000 p.a. to open a GXS FlexiLoan Account with us.
These terms (“Terms”) set out the terms and conditions that govern the relationship between GXS Bank Pte. Ltd. (the “Bank”,“us”, “we” or “our”) and the customer (“you”, “your”) and the services and products that we provide to you under these Terms. The Bank agrees to provide you with the services or products that you have applied for, and for which we have approved your application.
Section A (General Terms and Conditions) sets out the terms and conditions (the “General Terms”) that apply generally to the services and products that the Bank provides to you under these Terms.
In addition, specific terms and conditions (each referred to as “Specific Terms”, and collectively referred to as the “Specific Terms”) will apply to the provision of specific services and products by the Bank to you. When the Bank introduces or agrees to provide you with new services or products, the Bank will inform you of the relevant Specific Terms that apply to the provision of such new services or products, and you agree that the relevant Specific Terms will apply to the provision of the relevant new service or product by the Bank. The Specific Terms are part of these Terms. If there is any inconsistency between the General Terms and the Specific Terms, the Specific Terms will prevail to the extent of such inconsistency.
A. General Terms and Conditions