GXBank Lifts MSME Loan Ceiling To RM150,000 With CGC Digital

Iman Aminuddin

19th May 2026 - 2 min read

GX Bank Berhad (GXBank) has expanded its GX Business Banking suite with two updates for sole proprietors and small businesses.

The bank is now offering financing of up to RM150,000 through a digital guarantee partnership with CGC Digital, the fintech arm of Credit Guarantee Corporation Malaysia Berhad, and has begun accepting personal bank statements for business account applications and credit assessments.

The CGC Digital Partnership Explained

Banks typically assess loan applications using business financial records, but many sole proprietors manage transactions through personal accounts and may not have a formal business credit history as a result.

The partnership with CGC Digital introduces a digital guarantee built into the GX Biz FlexiLoan application. The guarantee option comes up during the GXBank application itself, so there is no separate process to go through. More than half of eligible customers have already opted in without prompting.

Within the first 30 days of the partnership, GXBank approved more than RM3.3 million in loans under the arrangement. GXBank CEO Kaushik Chowdhury said the collaboration uses alternative data and digital guarantees to support borrowers who may lack traditional business records.

Personal Bank Statements Now Accepted

GXBank now accepts personal bank statements for both business account registration and loan applications. Sole proprietors who have been operating through a personal account can use that transaction history to apply.

Once a business account is open and active, transactions begin building a formal credit history. The GX Biz FlexiLoan is a revolving credit line where interest is charged only on the amount drawn down rather than the full approved limit.

The Credit Assessment Still Applies

RM150,000 is the maximum financing available under the GXBank and CGC Digital arrangement, not a guaranteed amount for every applicant.

GXBank still conducts a full credit assessment for each application, and the CGC Digital guarantee supports access to higher limits rather than replacing the underwriting process. Applicants with limited transaction history or inconsistent income may receive a lower approved amount.

Iman Aminuddin

Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.

0 0 votes

Article Rating