Flexible capital up to S$150,000 with GXS FlexiLoan Biz
Currently only open to Sole Proprietorship businesses.
Download the GXS Bank app.
We are currently only open to Sole Proprietorship businesses. We will open to more business types soon.
Competitive interest rates, big credit line.
Access to credit limit of up to S$150,000, at low interest rates from 4.99% p.a. (EIR 9.32% p.a.)¹.
Credit limit up to $150,000 on standby.
GXS FlexiLoan Biz is your standby credit line. Take a loan from S$1,000 whenever you need a cash boost, and get cash in your preferred account in minutes.
No fees.
No processing, early repayment, or annual fee. No surprises.
Flexibility to design your loan.
Choose a repayment plan that works best for you - tenure from 2 to 36 months, and repayment date. You can also choose to repay early without penalty.
Earn more interest with GXS.
Every loan comes with the GXS Biz Account, which earns you daily interest on every deposit.
The best of Grab and Singtel for your business.
Exclusively for Grab Merchant partners²
Up to S$500 in Grab-funded discounts for your customers with a free 1 month participation in a GrabFood GrabUnlimited Campaign, Grab's flagship marketing campaign for top eaters.
Exclusively for Singtel customers²
Get a new iPhone 15 128GB at $1,068 (U.P. S$1,311). Up to 2 devices per customer.
Boost sales and customer retention with Singtel Business Loyalty Lite Solution. Enjoy FREE 12 months subscription (worth $1,046.40) with unlimited push notifications to your customers.
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Sign up in under 4 minutes. No paper work, no branches.
Got questions?
We got answers.
What is GXS FlexiLoan Biz?
When you apply for GXS FlexiLoan Biz, you get access to a revolving line of credit from which you can borrow loans from.
What is a revolving line of credit?
- You have the flexibility to borrow a loan from the credit line only when you need it
- No interest or fees will be charged if you do not borrow from the credit line
- You can borrow multiple loans up to your credit limit
What are the benefits of GXS FlexiLoan Biz?
- Enjoy low interest rates of up to 4.99% p.a. (EIR 9.32% p.a.)
- Borrow instantly at the click of a button
- Before borrowing a loan, all interest rates and fees are clearly displayed to you so you can make the best choice
- Flexibility to select a monthly repayment date that works for your business
- No early repayment fees
- No annual fees
- No late fees, but a late interest is chargeable if you do not make your loan repayments on time
- You can borrow up to 10 loans from your available credit limit
* Effective Interest Rate (EIR) for GXS FlexiLoan Biz is calculated based on an average loan amount of S$10,000 with a 24-month repayment period, from 1 January 2024 to 1 January 2026.
What documents do I need to apply for GXS FlexiLoan Biz?
The GXS FlexiLoan Biz application process is hassle-free and requires no documentation.
Simply ensure that your company details and residential address are updated on ACRA and Singpass respectively, before signing up for an account.
if you require assistance on your Singpass access, you may contact Singpass Helpdesk directly.
Where can I find my GXS FlexiLoan Biz Interest rates?
Your interest rate (APR and EIR) will be shared with you upon successful application along with your assigned credit limit, so that you have all the details you need to make an informed decision on whether you wish to take up on the offer.
You may also find your interest rate within the GXS Bank app home screen right beneath your GXS FlexiLoan Biz credit limit.
* The Annual Percentage Rate (APR) represents the total borrowing cost, expressed as a yearly rate, relative to the initial loan amount.
The Effective Interest Rate (EIR) is the rate that reflects the true cost of borrowing and takes into account total charges. It's computed over a reducing balance basis and accrued daily.
How are the interest savings for my GXS FlexiLoan Biz calculated?
Interest is calculated on a daily, non-compounding basis. You can check your total interest saved upon entering your repayment amount.
If an early repayment is made, it will be deducted from your outstanding GXS FlexiLoan Biz balance on that day, resulting in interest savings for you as interest is calculated on a reduced outstanding balance instead. The interest amount that you saved will be shown in your GXS Bank app during the repayment process.
What are the fees I need to pay for my GXS FlexiLoan Biz?
There are zero fees involved for your GXS FlexiLoan Biz - be it early repayment fees, processing fees or late fees.
While there are no fees, you will still be charged late interest for late repayments. Simply pay on time to avoid this.
What rewards can I look forward to as both a GXS Business Banking customer and a Grab Merchant?
As an eligible Grab merchant, you will receive a 1-month free GrabUnlimited subscription worth S$500 from Grab.
To receive this reward, link your GXS Biz Account as the settlement account for your Grab MEX Wallet daily cashout. Please follow the instructions here on how to link. Your newly linked GXS Biz Account will be reflected within 3 business days.
Once done, there should be at least 1 cashout transaction from your Grab MEX wallet to your GXS Biz Account.
Please note that Grab terms and conditions apply and rewards are fulfilled by Grab only.
Please refer here for Biz Ecosystem Terms - Grab.
What rewards can I look forward to as both a GXS Business Banking customer and a Singtel customer?
GXS Business Banking customers who are also eligible Singtel customers can get S$243 worth of discounts for the purchase of iPhone15 (128GB). Up to 2 devices per customer.
In addition, the first 50 eligible customers are entitled to redeem a 12-month free Singtel Business Loyalty (Lite) solution worth S$1,046, while subsequent customers can redeem a 3-month free Singtel Business Loyalty (Lite) solution.
This is on a first-come, first-served basis, and while stocks last.
Please note that Singtel's terms and conditions apply and Singtel rewards are fulfilled by Singtel only.
Please refer here for Biz Ecosystem Terms - Singtel.
GXS Bank is a separate entity and is not associated with the businesses of Grab, Singtel and their entities. The GXS Biz Account and GXS FlexiLoan Biz are provided by GXS Bank. GXS Bank holds a banking licence and is regulated by the Monetary Authority of Singapore.
¹Effective Interest Rate (EIR) is calculated based on an average loan amount of S$10,000 with a 24-month repayment period, from 1 Jan 2025 to 1 Jan 2027.
Approval of your application is subject to receipt of all supporting documents and further review. GXS Bank reserves the right to approve or reject your application without providing any reasons. Late interest charges may apply in the event of late repayment. Your loan is subject to review from time to time, and may be cancelled by GXS at its discretion. Terms and Conditions apply.
²Fulfillment of the exclusive Grab and Singtel benefits are subjected to conditions mentioned Biz Ecosystem Terms - Grab and Biz Ecosystem Terms - Singtel shall apply in Beta Programme Terms. The benefits are managed by Grab and Singtel. Eligibility and fulfillment of said rewards will be based on Grab and Singtel T&C and discretion.
Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Full Terms and conditions apply, please visit:
Business Account Terms here.
Business FlexiLoan Terms here.
Ecosystem Terms - Grab here.
Ecosystem Terms - Singtel here.