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GX FlexiCredit

GX FlexiCredit

Min. Interest Rate3.78% p.a.
Max. Loan AmountRM 150,000
Max. Tenure5 years

Borrow on your terms with GX FlexiCredit

Calculate your monthly repayment

Estimated monthly repaymentRM 990.83*At 3.78%Calculator Chart

Compare Your Financing Tenure with Your Financial Situation

We recommend choosing a longer financing tenure for flexibility, then making an early settlement to save on interest payments.

If you borrowIn this periodIn a month you will payAt this interest rate
Star BadgeYour Choice
RM 50,000		5yearsRM 990.833.78%p.a.
*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
  • Malaysians with valid IC number only
  • Salaried Employees
  • Self-employed
Documents required to apply:You will need to provide several documents such as (varies between different banks):
Salaried Employees (Malaysian)
  • 2 years' EPF statements (PDF) with consecutive contributions for the recent 6 months
Self-Employed (Malaysian)
  • 6 months’ business bank statements

Loan Repayment Table

Financing AmountFinancing TenureMin. IncomeInterest Rate
RM 1,000 - RM 150,0006 - 60 monthsmin. RM 18,0003.78% p.a.

Features

  • Instant approval and disbursement to your GX Account*

  • High credit limit of up to RM150,000

  • Flexible tenures from 6 months to 60 months

  • Low interest rates from 3.78% per annum

  • No Early Settlement Fees and Processing Fees

  • Multiple cash drawdowns whenever you need it

  • No guarantor or collateral required

Terms and Conditions

Product Disclosure SheetView now
Product Terms and ConditionsView now

Product Review by CompareHero

What is GX FlexiCredit?

GX FlexiCredit is a line of credit offered by GXBank, Malaysia's first digital bank. It works differently from a conventional loan: instead of a lump sum, it gives borrowers a credit limit they can draw down from for personal use, as needed.

Why apply for GX FlexiCredit?

The product is built around speed and flexibility for borrowers who need funds without a lengthy process.

Applications are processed digitally, with instant approval and fast disbursement to a GX Account whenever funds are drawn down.

The credit limit goes up to RM150,000, with interest rates from 3.78% p.a., subject to eligibility. Borrowing tenures range from 6 to 60 months.

What fees or charges apply?

GX FlexiCredit keeps its fee structure simple.

  • Early settlement fee: none
  • Processing fee: none
  • Late payment fee: 1% p.a. on the overdue amount

Who is eligible for GX FlexiCredit?

Eligibility is based on citizenship, age, income, and employment status.

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

Housewives, househusbands, students, and retirees are not eligible.

How does a cash drawdown work once the credit limit is approved?

Drawing down funds is done entirely through the GXBank app.

  1. Activate the approved credit limit.
  2. Go to the FlexiCredit dashboard and select "Drawdown."
  3. Enter the drawdown amount and tenure.
  4. Select the monthly repayment date.
  5. Review the drawdown details and confirm.
  6. Funds are disbursed to the GX Account.

Disbursements to other bank accounts aren't supported.

Is it possible to make multiple cash drawdowns?

Borrowers aren't limited to a single drawdown from their approved credit limit.

Yes, as long as the total stays within the approved credit limit. The limit refreshes with each repayment, so further drawdowns can be made without submitting a new application or documents.

How is a GX FlexiCredit account managed?

Ongoing account management is also handled within the app.

Account management is done through the GXBank app. From the FlexiCredit dashboard, selecting "Manage" gives access to auto repayment settings, repayment dates, and account statements.

*GXBank is a member of PIDM. Deposits are protected by PIDM up to RM250,000 per depositor.

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.