The minimum loan amount is $200, and loan tenures start from two months, with custom monthly repayment dates, says GXS on April 25.
Grab and SingTel-backed digital bank GXS Bank has launched GXS FlexiLoan, its first unsecured credit product, following the launch of its savings account in August 2022.
Targeted at gig workers, entrepreneurs and those new to the workforce, GXS FlexiLoan’s interest rates start from 3.8% per annum, dependent on the individual’s credit risk assessment. The effective interest rate is 7.15% p.a.
