GXS Bank's working capital loan the one for you? We "reviewed" it for you!

GXS Bank's working capital loan the suitable bank loan for you? With so many comparison websites claiming objectivity and comparison for you, we decided it was time to add our perspective. So you don't fall for these biased reviews.

Across markets from the U.S. to Australia, regulators highlight that comparison websites often prioritize results based on payments, not necessarily what’s best for the borrower. What looks like an unbiased comparison is usually a curated list bought by those who pay the most.

While information like credit card rewards is easy to verify, loan amounts and interest rates are highly personal. They differ for each person’s credit score & profile. The rates you see online are usually just teaser rates. Learn what they means in the detailed article we wrote. Or simple look at this admission:

Credit: Head of Lendingpot. Ironically, Lendingpot seems to expose its own practices. And when we highlighted lender-owned broker conflicts in another article of ours, months later they echoed the same line. This, despite being backed by 2 lenders - IFS Capital & PhilipCapital. Maybe they arrived at it on their own—but it does look like someone’s been peeking at our notes. For more of their contradiction, see or join the conversation on our LinkedIn post. 

These platforms often publish “this loan vs. that loan.” But can they really test ten loans by borrowing and repaying each one? In many countries, regulators are suing comparison websites for clickbaiting consumers or issuing public warnings. From UK to US, India to China, regulators are taking action. 

In the U.K., U.K. law requires 51% of consumers to qualify for the advertised rate. Singapore lacks this safeguard. A flashy 1% on $3,000 isn’t useful if your target is $15,000 or for just one month? The real risk? If you accept a loan pushed by a “comparison” website without checking elsewhere, you could end up thousands of dollars poorer. Often, another bank would have been willing to give you a better rate. We’ve unpacked this in more depth in the article above.

And that’s why we built FindTheLoan.com, Singapore’s 1st loan marketplace. Instead of teaser rates or applying with multiple lenders separately, you can reach many lenders at once with your actual documents. They’ll make a full credit assessment as if you had gone in individually, then return with their real offer.

If something doesn’t seem right, and you think Singapore should start regulating finfluencers, do let us know your view on Facebook, Reddit, TikTok or LinkedIn. More voices increase the chance the policymakers we have tagged on LinkedIn, finally act. Every comment, repost, or show of support counts. Or simply to prevent another Singaporean or SME from being misled.

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Give us a try — it’s free to get your personalized loan offers today! But before that, be sure to first subscribe to our LinkedIn newsletter here or on Medium here so you never miss an update!

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