Grow your business faster with
GX Business Banking

GX Biz FlexiLoan is a line of revolving credit where Business customers will be granted a credit limit that they are able to make drawdowns from, as long as it's within their assigned credit limit.

What is a revolving line of credit?

• You have the flexibility to borrow a loan from the credit line only when you need it
• No interest or fees will be charged if you do not borrow from the credit line
• You can borrow multiple loans up to your credit limit

What are the great things about GX Biz FlexiLoan?

• You can get cash instantly 24/7
• Borrow instantly at the click of a button
• Before borrowing a loan, all interest rates and fees are clearly displayed to you so you can make the best choice
• Flexibility to select a monthly repayment date that works for your business
• No early repayment fees
• No annual fees
• No late fees, but a late interest is chargeable if you do not make your loan repayments on time
• You can borrow multiple loans, up to the full amount of your available credit limit

No interest or fees will be charged if you do not borrow or draw down from the credit line that you have been granted initially.

You can perform drawdowns as often as needed, up to a maximum of 10 times. This is provided you stay within your credit limit and have no overdue payments for more than 15 days.

Below could be some reasons why you can’t draw a new loan:

• 10 active loans: You can only borrow up to 10 loans from your available credit limit.
• Insufficient credit limit: You do not have sufficient credit limit to draw a loan.
• 15 days past due: Any one of your loans was unpaid for 15 days past the due date.

Funds will be available instantly upon drawdown.