TNG Digital is continuing to expand its digital financial ecosystem under its GoFinance hub. The platform already lets users manage everyday payments, investments, insurance, and even receive salary disbursements directly through its verified setup.
To broaden its financing offerings, TNG Digital has now expanded its CashLoan feature by partnering with GXBank to introduce FlexiCredit. The new option gives eWallet users access to a revolving line of credit directly within the app.
One of the main advantages of this setup is convenience. Users can apply for and access regulated financing without needing to open a separate GXBank savings account.
Desmond Teoh, Chief Financial Services Officer of TNG Digital, highlighted that the company’s responsibility goes beyond payments. He noted that real financial inclusion happens when institutions collaborate to meet Malaysians on platforms they already use daily.
Adding on this, GXBank Chief Executive Officer Kaushik Chowdhury stated that FlexiCredit aims to fundamentally change who gets access to regulated credit. He pointed out that by dismantling traditional banking hurdles such as lengthy approval procedures and mandatory separate bank accounts, more Malaysians can safely manage emergency cash flows and larger purchases.
What is GXBank FlexiCredit?
Unlike a conventional personal loan that disburses a fixed lump sum, FlexiCredit functions as a revolving credit line. Upon approval, users receive a set credit limit up to RM150,000 that can be drawn down as needed.
The main advantage is its flexibility: keeping the facility open costs nothing, with no processing fees, no annual fees, and zero interest charged as long as you do not draw down any money. You only pay interest on the exact amount you choose to withdraw, and only for as long as you use it.
As you repay what you borrowed, your available credit limit automatically restores, allowing you to reuse the funds in the future for cash flow needs or emergencies without submitting a new loan application.
There are also no early settlement penalty fees if you choose to pay off your balance early. Repayment tenures range from 6 to 60 months, with flat interest rates starting from 3.78% per annum (EIR 6.45% p.a.)
Who is eligible to apply?
To qualify for GXBank FlexiCredit through the TNG eWallet app, applicants must meet a few standard criteria. The service is open to Malaysian citizens with a valid MyKad aged between 21 and 64 years old. Both salaried employees and self-employed individuals are eligible to apply, provided they earn a minimum gross income of RM1,500 per month or RM18,000 annually.
Applicants also need to hold a fully verified TNG eWallet account. Depending on employment background, supporting documentation such as a recent EPF statement or recent bank statements may be requested during the application process
Application process in the app
Applying for the facility is completed entirely digitally within the eWallet app. First, open the TNG eWallet app, tap the GOFinance icon on the main home screen, scroll down to the Financing section, tap CashLoan, and select GXBank FlexiCredit.
Next, select the desired credit limit, choose a preferred repayment tenure, and enter the relevant income details. Identity verification and uploading supporting income documents such as an EPF statement will be completed in the app.
Once submitted, application processing typically takes a few minutes. Upon approval, the credit line is immediately accessible via the CashLoan dashboard, allowing users to draw down funds directly into an eWallet or bank account whenever required.
For more information about the financing offerings under TNG eWallet GOFinance, you can visit the official TNG Digital GOFinance portal.
You Can Now Apply for GXBank FlexiCredit via TNG eWallet CashLoan
News Reports PH
0 Comments