On September 18 of 2025, GX Bank which is backed by Grab as a digital bank, launched its Business Banking service which for the first time gave financial assistance to sole proprietors in Malaysia. The highlight is the GX Biz FlexiLoan which comes with instant credit of up to RM150,000 and a GX Biz account with up to 2.5% interest which is paid daily. For more News Like this, check out Ryt Bank Launches New Digital Banking App in Malaysia
What’s GX Business Banking?
The GX business banking are specifically designed for Micro, Small, and Medium Enterprises (SMEs) associated with sole propritors whith contentinally registered with Suruhanjaya Syarikat Malaysia (SSM). With a time period of fulll digital accessibility, no branch visit is needed and accounts can be set up in under 8 minutes with the easy use of a MyKad and a 12 digit Business Registration Number. There are no administrative fees, and the 24/7 customer service support is hassle and stress free. All accounts and savings of the users are PIDM protected and up to a value of RM250, 000.
GX Biz FlexiLoan: Flexible Funding
- Loan Amount: Get up to RM150,000, approved instantly (must pass screening).
- Interest: is calculated daily and only charged on the remaining unpaid loan balance. The sooner you pay, the more you save.
- Repayment: up to 3 years, no fees for paying off early.
- Fees: No Hidden charges
This loan is ideal for a business lacking cash for inventory or growth, as repaid interest is charged.
Also Read: Coachella 2026 Tickets, Lineup & Travel Tips
GX Biz Account: Earn While You Save
The GX Biz Account makes your money work harder for you with daily interest payouts:
- Base Interest: 1% p.a. with daily credit (minimum RM0.01 to qualify).
- Bonus Interest: Extra 1.5% p.a. for Grab ecosystem partners, up to 2.5% until September 30, 2025.
- No Minimum Balance: Each ringgit is welcomed – suited for micro or seasonal entrepreneurs.
And, functionality like DuitNow QR for immediate payments, and programmable transfers, helps ease cash flow.
GX Biz FlexiLoan vs Commercial Bank: Which Is Better?
Choosing between GX Biz FlexiLoan and traditional commercial bank loans depends on your business needs. Here’s a quick comparison:
|
Feature |
GX Biz FlexiLoan |
Commercial Bank Loans |
|---|---|---|
|
Loan Amount |
Up to RM150,000 |
Up to RM1M+ (varies) |
|
Approval Time |
Instant (subject to credit checks) |
3–14 days |
|
Interest Rate |
Daily rest, variable |
Fixed, 5–8% p.a. |
|
Fees |
Zero hidden charges |
Processing, maintenance fees |
|
Repayment Flexibility |
Up to 3 years, no early penalty |
Fixed terms, penalties may apply |
|
Eligibility |
Sole proprietors, MyKad, SSM-registered |
Often requires collateral, extensive documents |
|
Application |
100% digital, <8 minutes |
In-person, paperwork-heavy |
Why Choose GXBank? The FlexiLoan is approved instantly, and the daily rest interest helps MSMEs. No collateral is required. No fee and early repayment savings, as well as no collateral, is a great achievement. Commercial banks might lend bigger amounts to larger businesses that don’t mind a slow process. For sole proprietors in a hurry, GxBank is the clear winner.
Who Is Eligible for GX Biz FlexiLoan?
These are the requirements the applicant must meet to acquire the GX Biz FlexiLoan.
- Malaysian Citizen: Must be above the age of 18 and should have a MyKad with them.
- Sole Proprietor: Is the head of a business that has been registered with the Suruhanjaya Syarikat Malaysia (SSM).
- Have at least 6 month of bank statements.
- Great for: Independent contractors, sellers, service providers, and small enterprises.
During the validation stage, GXBank is entitled to ask for further documents if necessary. The entire process is digital and that allows for instant verification of eligibility through the app.
How many drawdowns can You make from Your credit limit?
Based on GX Bank’s Biz FlexiLoan website, you can make up to 10 drawdowns, as long as you stay within your credit limit and don’t have payments overdue by more than 15 days.
You may not be able to draw if:
-
You already have 10 active loans
-
Your credit limit is insufficient
-
A loan is overdue by more than 15 days
Why It Matters
Despite contributing 38% of Malaysia’s GDP, SMEs still face difficulties when it comes to expensive loans and tedious bureaucracy. GXBank’s digital-first approach offers barrier-free instant financing and savings. With the Budget 2025’s SME assistance of Rm 44.9 billion, this launch powers the growth of small businesses in the digital economy.
How to Get Started
- Download the GXBank app (iOS/Android).
- Sign up with your MyKad and BRN.
- Tap “Business Banking” to open a GX Biz Account or apply for a FlexiLoan.
Existing users can switch via the app’s profile menu. Learn more at GX Bank Business.
Final Take
The GX Biz FlexiLoan and Biz Account offered by GXBank is transformational for sole proprietors in Malaysia, with access to up to RM150,000 and interest saving of up to 2.5% p.a. with no monthly fees. This is specially tailored for freelancers, online sellers and small business owners. This digital first approach democratizes banking and allows MSMEs to succeed in the economy of 2025. Through its Jaguh Niaga program and other partnerships, GXBank doesn’t just offer business loans, but provides the tools necessary for smart business growth. Interested in unlocking business growth? Download GXBank app and unleash your business growth potential.
