I see on FB comments other users reported 8.06% p.a. also. Looks like it's a uniform rate across all consumers...

Customer need to upload epf statement to access flexi credit.

I originally thought the rates would vary based on each individual financial position.

I heard the Flexi Credit will be made available to everyone from 20th Nov 2025 and the rate is 8.06% PA applies to all.

8.06% interest rates is quite high side lorh...

Seriously better don't... Use CC or whatever else

It's a trap for those who can't afford cc

They need to recover back their investment made...

That's one reason why the interest rate is on high side..

GX is not any charity organizations... They profit orientation... Need to show some profit at least by year 3 of operation..

it is for different market segret. no point do same with the rest. some people dont want so hassle to go thru bank. if cc already do advance, then gxbank is next option. loan always got market. else all bank close shop

I think regardless of the interest rate, people will still go ahead to drawdown from Flexi credit if they need to as long as they are able to pay, sure why not right haha.

But I saw T&G loan is 24% PA

Walao..

Seriously it's 24% interest rates... Worse than ahlong yo 🤔🧐

Yes, 24% PA and the loan is by CIMB bank as T&G is owned by them.

Banks always win no matter what

Maximizing the profits... Higher than conv loans rates offered...

True and I notice, CIMB is the worst so far! the interest rate so high.

They offered me 7.5% interest. I activated without drawdown just to get RM20 cashback. CS called and ask why no draw down, told them that interest is too high and I have rejected even lower offer for credit card fast cash. CS ask to share proof by email to get grab voucher as token of appreciation.

May I know when you got the offer? Today?

Oh got RM 20 cashback...

Can I activate flexicredit, get RM 20 cashback, then deactivate flexicredit again?

Not sure if you can deactivate once you activated, but as long as don’t drawdown any amount, they won’t charge any interest

I am also interested. Haha... Free money.

Now I know why I didn't receive Flexicredit offers... Cuz I open GX Bank account as student... which in theory I am, though paid stipend in SGD worth some 9000 MYR a month...

The use of EPF to decide the credit limit is not sensible. Some people may withdraw from EPF account 3 for investment purpose, while some may have low EPF balance but huge asset outside Malaysia...

Anyway, based on this: https://gxbank.my/flexicredit

The lowest effective rate is 6.62% p.a.

Many still haven’t receive the offers just yet regardless of their account type.

I think it’s just matter of time they launch it to those fall within their criteria

To be eligible for FlexiCredit, you must:

• Be a Malaysian citizen residing in Malaysia with a MyKad.

• Be between 21 and 64 years old.

• Have a minimum monthly income of RM 1,500.

• Be employed / self employed. Students, housewives/househusbands or retirees, are not eligible for FlexiCredit.

Also, they have updated their FlexiCredit web page tageline from ‘we are make flexicredit available in batches’ to ‘ Turn on your credit consent for priority access to future credit product offers.‘



This post has been edited by Pat89: Nov 21 2024, 07:23 AM