GXBank wants to make it easier for Malaysians to access funds with GX FlexiCredit. The digital bank offers instant approval and no early settlement fees.
, Malaysia’s first digital bank, has announced its upcoming financial product – GX FlexiCredit. This is a credit line facility that’s aimed at providing Malaysians with easy access to credit and it is now open for registration of interest.
According to GXBank, the new product is designed to address the evolving financial needs of the everyday Malaysian. A traditional personal loan can be a headache to apply as it may require lengthy processing times, complex documentation and rigid payment terms, and it is something that GXBank aims to solve with GX FlexiCredit.
Essentially, GX FlexiCredit provides customers with an assigned credit limit and they can draw funds instantly into their Savings Account when required. The approval process is said to take just minutes and there are no early settlement fees if you repay your loan early.GX FlexiCredit isn’t available just yet and they will soon kick off a pilot for selected GXBank customers.
If you’re not with GXBank yet, you can sign up for a new account by downloading the app which is available onGXBank says they will offer GX FlexiCredit to a select group of eligible customers based on certain criteria. Once your application is approved, you will see an in-app banner notification and you can follow the guide on the next steps.GX FlexiCredit is available to GXBank customers with an active GX Savings Account.
The GX FlexiCredit offer is subject to GXBank’s credit assessment which is not limited to bankruptcy, Fraud, Bureau or any other forms for check checks. The digital bank will reveal more details about the product and features soon.. As of 31st July 2024, the digital bank has recorded over 13 million transactions which include over 9 million GX card transactions and over 4 million QR payments.
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