GXS wants more secured loans, targets second-hand car market

GXS wants more secured loans, targets second-hand car market

September 29, 2026 / Nathan Pine /


It has launched the AutoLoan product on Sep 9 for Grab drivers, and is beta testing it for consumers

[SINGAPORE] GXS Bank aims to have secured loans make up half of its lending book by next year, as the digital bank expands into vehicle financing to diversify a portfolio currently weighted towards unsecured lending.

“We do not want to be overleveraged on unsecured loans,” said Jenn Ong, group head of retail, GXS.

“By next year, we will grow our secured loans and it will be 50 per cent of our lending book.”



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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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