back Back

GXS Bank launches instant personal loan solution in Singapore

By Leandra Monteiro

April 28, 2023

  • Credit Management
  • Credit Score
  • Digital Lending
Share

GXS BankGXS Bank launched the GXS FlexiLoan, a personal loan designed to address the pain points that individuals face when taking up a loan and bridging the gaps that hinder access to credit.

The GXS FlexiLoan is the first unsecured term loan offered by a bank in Singapore that enables customers to pay off their loan partially or in full without any early repayment fees and with the additional perk of interest savings.

Charles Wong, CEO of GXS Bank, said, “With the launch of the GXS FlexiLoan, we are turning the spotlight on the barriers and hindrances in unsecured loan products that hold individuals back from stretching towards their goals. We are excited about how we can make banking better for Singapore’s consumers and small businesses through our technology build. Over the coming months, expect to enjoy consistent enhancements to the GXS experience as we refine our existing products based on our customers’ feedback and usage behaviours and launch new solutions to tackle existing banking problems.”

The GXS FlexiLoan gives consumers control and flexibility to manage their finances by bringing together features of a credit line and a personal instalment loan. GXS FlexiLoan customers can also make multiple loan drawdowns from their credit line without having to go through underwriting and approval each time. They can choose repayment terms that are most convenient for them, such as choosing a monthly repayment date that is aligned with when their salary is credited.

Previous Article

April 28, 2023

African Development Bank and Africa Fintech Network sign $525,000 agreement

Read More
Next Article

April 28, 2023

CATFP taps Broadridge for international post-trade processing solution

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

Credit Management

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Aven raises $142m in Series D to bring home equity-backed credit card

Read More

July 18, 2024

Systems Limited & Formpipe team to drive digitalisation for MEA banks

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024