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Terms & ConditionsAnnual Interest Rate
Effective Interest Rate
Processing Fee
Minimum Loan Amount
Monthly Repayment
Apply NowGXS Bank, backed by Grab Holdings and Singtel, is one of Singapore’s leading digital banks, focused on providing innovative financial solutions to Singaporeans and Permanent Residents. As a relatively new player in the banking sector, GXS leverages its tech-driven approach to offer flexible financing options that cater to modern borrowers.
The GXS FlexiLoan offers competitive interest rates and a transparent fee structure. The annual fixed rate for instalment loans starts at 2.99% with an Effective Interest Rate (EIR) of 5.65%. The Balance Transfer option provides instant cash at 0% interest, subject to a one-time processing fee (EIR 4.13%). This personal loan offers customisable features that allow borrowers to choose loan amounts, repayment tenures, and even their preferred repayment date, ensuring maximum flexibility. It’s important to note that interest rates and terms may vary depending on the applicant’s credit risk assessment.
When evaluating the GXS FlexiLoan, several key factors should be considered:
Interest rates: The GXS FlexiLoan offers competitive interest rates, starting from 2.99% per annum for instalment loans, with an Effective Interest Rate (EIR) of 5.65% p.a. The loan provides 0% interest for Balance Transfers, subject to a one-time processing fee (EIR 4.13% p.a.). It’s important to note that interest rates may vary based on the borrower’s credit risk assessment.
Loan amounts: Borrowers can access loan amounts starting from as low as S$200, up to their assigned credit limit. This flexibility allows customers to borrow according to their specific financial needs without being burdened by larger loan amounts.
Repayment terms: The GXS FlexiLoan offers flexible repayment periods. Instalment Loans have tenures ranging from 2 to 60 months, while Balance Transfers offer tenures between 4 to 12 months. Borrowers can select a repayment schedule that aligns with their budget and financial planning.
Fees and charges: One notable feature of the GXS FlexiLoan is the absence of processing, annual, early repayment, or late fees for instalment loans. However, late interest is chargeable upon late repayment. A one-time processing fee is applied for Balance Transfers, with no other fees.
Credit score impact: As GXS Bank is a member of the Credit Bureau Singapore (CBS), borrowing and repayment activities are reported, potentially affecting the borrower’s credit score. Timely repayments are essential to maintain a positive credit history.
The GXS FlexiLoan offers a flexible and convenient financing option with competitive interest rates, adaptable loan amounts, and repayment terms. Prospective borrowers should carefully consider these factors, associated fees and the potential impact on their credit score, to ensure the loan aligns with their financial goals and circumstances.
All banks listed below are authorized financial institutions operating under MAS supervision and regulation. They comply with stringent banking standards, consumer protection guidelines and fair lending practices established by MAS. Bank loans typically offer lower interest rates compared to licensed moneylenders and are suitable for borrowers with good credit history.
*Today's Moneylenders Rates - 14 January 2026
– Installment Loan: No annual processing, early repayment, or late fees are charged. Late interest is applicable on late repayment.
– Balance Transfer: A one-time processing fee is applied, with no other fees charged.
| Loan Duration | AIR | Fee | EIR | Total Cost | Monthly Payment |
| 1 Year | 1.60% | 1.35% of approved loan | 3.00% | S$10,160 | S$847 |
| 2 Year | 1.60% | 1.35% of approved loan | 3.00% | S$10,320 | S$430 |
| 3 Year | 1.60% | 1.35% of approved loan | 3.00% | S$10,480 | S$291 |
| 4 Year | 1.60% | 1.35% of approved loan | 3.00% | S$10,640 | S$222 |
| 5 Year | 1.60% | 1.35% of approved loan | 3.00% | S$10,800 | S$180 |
GXS FlexiLoan is available to Singapore Citizens and Permanent Residents aged 21 to 65. Applicants must have a minimum annual income of S$20,000.
During the application process, individuals must provide identification and income verification documents. This typically includes a front and back copy of the NRIC and recent income statements, such as e-payslips or the latest six months’ CPF contribution history, which can be submitted via the MyInfo platform for convenience.
It’s important to note that all GXS FlexiLoan applications undergo an evaluation process aligned with the bank’s internal requirements, including assessing the applicant’s credit profile and eligibility. For instance, individuals currently under a Debt Consolidation Plan (DCP) or Debt Repayment Scheme (DRS) are not eligible to apply.
GXS Bank does not charge processing fees, annual fees, or early repayment fees for the FlexiLoan. However, late interest is chargeable upon late repayment.
The absence of processing and annual fees makes GXS FlexiLoan a cost-effective choice for larger loan amounts. For example, obtaining a S$10,000 loan would not incur additional fees beyond the interest charges, enhancing the loan’s affordability.
Visit the ROSHI marketplace and use the GXS site link.
With Singpass Myinfo GXS will obtain your verified information including your income and reduce the application process. The approval page will appear within minutes of submitting your myinfo details.
As per bank requirements, documents are required for revision and approval.
The list of documents include:
Settle all fees (option fee, option exercise fee to the seller as well as the relevant buyer’s stamp duty fee in case you are purchasing a private property).
On approval your confirmed loan amount will be disbursed in 15 minutes (business days only)
Choose between instalment loans and Balance Transfers to suit individual financial needs.
Repay loans early without penalties and enjoy interest savings.
Select loan amounts, tenures, and repayment dates according to personal preferences.
Not all borrowers may qualify for the lowest advertised interest rates.
A maximum tenure of 12 months may not be suitable for long-term financial needs.
While no late fees exist, late interest is chargeable upon late repayment.
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