GXS FlexiLoan Launch
Client GXS
Digital Bank, GXS launched its first unsecured lending product, GXS FlexiLoan, with annual interest rates starting from 3.8 per cent, or an effective interest rate of 7.15 per cent. The product combines features of a credit line and a personal instalment loan, where customers can make multiple loan drawdowns without underwriting each time. They can choose to borrow sums as little as S$200, with tenures as short as two months.
The flexible tenure caters to “underserved consumers such as gig workers, entrepreneurs and early-jobbers.”
The Flexi Loan launch event was helmed with art and drinks that appealed to their target audience, resulting in an event that goes against the grain of traditional banking products.
