Malaysia’s first digital bank, GXBank, is set to introduce GX FlexiCredit, a new line of credit designed to offer financial flexibility to its customers.
Following the launch of the GX Card and Savings Account, the bank is expanding its range of financial products.
GX FlexiCredit aims to provide a credit limit that customers can access as needed, simplifying the process of obtaining funds and addressing issues like lengthy processing times and complex documentation often found in traditional personal loans.
GXBank is inviting Malaysians to register their interest in the pilot phase of GX FlexiCredit by signing up for the wait list.
A select group of eligible customers will be offered the line of credit during this phase.
New customers can register their interest through the bank’s platform, while existing GXBank customers can opt in for credit-related products and offers via the “Me” tab under “Manage consents.”
Eligibility criteria include being an existing GXBank customer with an active GX Savings Account, a Malaysian citizen aged between 21 and 64, and having a minimum monthly income of RM1,500.
The offer is subject to the bank’s credit assessment process, including checks for bankruptcy, fraud, and other credit factors.
Approved customers will receive an in-app notification guiding them through the next steps.
Further details about GXBank’s FlexiCredit will be shared soon.
Featured image credit: Edited from Freepik
