CTOS - GX FlexiCredit KV

Benefits

  • Line of credit up to RM150,000
  • Instant approval and disbursement
  • Flexible repayments up to 60 months
  • Interest as low as 3.78% p.a. (EIR 6.45% p.a.)
  • Min monthly income of RM1,500

Fees and Charges

Fee Type Details
Interest Rate / APR: As low as 3.78% p.a., depending on loan amount and period
Processing Rate: None
Stamp Duty: None
Early Termination Fee: None
Late Penalty Fee: 1% from current outstanding amount, and per annum

Eligibility and Requirements

Requirement Details
Minimum Monthly Income: RM1,500
Minimum Age: 21 to 64 years old
Who Can Apply: Malaysians, Salaried employee, Self-employed

FAQs

  • What is FlexiCredit?
    • FlexiCredit is a line of credit where customers will be granted a credit limit that they are able to make drawdowns of funds from, as long as it’s within their assigned credit limit.
  • Will I be charged any interest / fees if I do not use my line of credit?
    • There are no fees or interest incurred to maintain your line of credit. You only pay interest on the loan amount that you’ve drawn from your available credit limit.
  • Can I make multiple loan drawdowns?
    • You can draw multiple loans within your available credit limit. As you make repayments on your loan, your credit limit replenishes, allowing you to drawdown again up to your refreshed available limit. No further application or documents are required for recurring drawdowns.
  • Where can the funds be disbursed to?
    • The funds will be disbursed to your GXBank Savings Account. Disbursements to other bank accounts are not supported for now.
  • How long will it take for the funds to be disbursed?
    • Once you confirm your drawdown amount, the funds will be disbursed to your GX account in seconds.
  • Why do I need to upload my KWSP i-Akaun statements in the application journey?
    • Income validation is a requirement by all banks to ensure responsible lending.
  • What if I do not have a KWSP i-Akaun?
    • No worries! You can easily register for a KWSP i-Akaun online. If your mobile number hasn’t been verified for TAC, you may need to visit a KWSP branch to complete the verification. Once your i-Akaun is activated, you’ll be able to download your KWSP statements for your FlexiCredit application!

Terms and Conditions

  • Please click here to view Terms & Conditions for GXBank FlexiCredit.
  • Read the Product Disclosure Sheet for more information. Click here.
  • For more information, please visit FlexiCredit.
  • GXBank is a member of PIDM. Deposits are protected by PIDM up to RM250,000 for each depositor.