Eligible TNG eWallet users can now apply for a GXBank loan of up to RM150,000 without opening a separate bank account.
The new option comes through FlexiCredit, which TNG Digital has added to its CashLoan service.
Unlike a conventional loan, FlexiCredit operates as a revolving credit line that approved users can draw from when needed.
Users do not need to reapply each time they draw from the facility. Their available credit is replenished as they make repayments.
Flat interest rates start from 3.78% per annum, equivalent to an effective interest rate of 6.45% per annum.
CashLoan forms part of GOfinance, which also provides access to investment, insurance, credit and remittance services through the app.
“FlexiCredit is designed for everyday Malaysians. By integrating FlexiCredit directly into TNG eWallet, we are not just changing how Malaysians get credit, but fundamentally changing who gets access to credit. We require no lengthy paperwork, provide approval within minutes, and specifically for TNG eWallet users, require no separate bank account.
Currently, Malaysians are using the FlexiCredit line for emergencies, cash flow management and large purchases – so we hope by dismantling the traditional hurdles more Malaysians can access safe and regulated financing, to build a stronger financial future.”
“TNG eWallet started as a way to pay. Today it is where millions of Malaysians manage their everyday financial lives, and that carries a responsibility to go beyond payments.
Our open platform strategy is about bringing the best financial solutions, from trusted partners like GXBank, within easy reach of everyone.
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