GXBank review

FlexiCredit runs at 6.45% on a fixed rate, and the rate type stays fixed for the term. That sits below the site median of 12%, so the cost of the credit line compares well against the field. There is no arrangement charge on top to push the figure up.

No. The origination fee is listed as RM 0.00 (Processing Fees - RM 0.00), and the fee percentage is 0%. Early repayment is also free, so clearing a balance sooner brings the cost of the loan down rather than adding a charge. Support runs on email, phone and help centre.

Borrowing runs up to MYR 150,000 in total, and each drawdown can sit on a tenure of 6 to 60. The line is a credit line, so money is drawn only as it is needed rather than paid out in one sum. Home improvement is the stated use for the money.

Funding is described as instant, with money disbursed to a GX Savings Account in seconds, around the clock. The same-day funding feature sits among the more common ones on the site at 82.9%, which makes sense for a bank that lends from its own account. The funds land in the GX Savings Account rather than any external account.

The check is hard, which means the search is visible to other lenders once an application is made. Hard checks are the most common type across the market at 72.7%, against 20.4% for soft prequalification. Applicants wanting to browse without a mark would need a lender that offers a softer route.

The account is open to adults who are Malaysian citizens residing in Malaysia, hold a MyKad, and are either employed or self-employed, subject to a minimum monthly income. GXBank lends only in Malaysia, so the account is not open to applicants living elsewhere. Both salaried and self-employed applicants can qualify on the same terms.

Yes. The lender is supervised by Bank Negara Malaysia in Malaysia, and it is a direct lender rather than a middleman, so the decision sits with the bank. The legal entity behind the account is GX Bank Berhad (Reg No. 202101014409 (1414709-A)). Applications are assessed by the bank itself, with a hard credit check as part of that.

The lending covers credit line, personal and business, so credit lines, personal loans and business borrowing sit under the same brand. Home improvement is the named use for the money. A business borrower and a personal borrower would be looking at the same rate and the same origination fee of RM 0.00 (Processing Fees - RM 0.00).