TNG Digital and GXBank partner to offer revolving credit via TNG eWallet

TNG Digital has partnered with GXBank to integrate the FlexiCredit revolving credit line into the TNG eWallet CashLoan feature. This collaboration allows Malaysian users to access regulated financing directly through the eWallet without the requirement of opening a separate GXBank savings account.

FlexiCredit operates as a revolving credit line with a maximum limit of RM150,000. Unlike traditional lump-sum loans, users can draw down funds as needed and only pay interest on the amount used. As repayments are made, the credit limit is automatically replenished. The service features repayment tenures ranging from six to 60 months, with flat interest rates starting from 3.78% p.a. (EIR 6.45% p.a.).

To qualify, applicants must be Malaysian citizens between the ages of 18 and 64. The integration aims to improve financial inclusion by reducing traditional banking barriers, such as lengthy approval processes and mandatory account openings, particularly for those with limited credit histories.