CreditNow is a revolving credit facility. You only start making repayments after you draw down from your approved credit limit. Each drawdown has a maximum repayment tenure of 12 months, which includes both principal and interest. If you make multiple drawdowns, the repayments will be aligned to a single monthly payment date, based on the earliest drawdown. This means you will only have one repayment date each month for all outstanding drawdowns. Your monthly instalment will be automatically deducted from your ANEXT Business Account by 11:30 PM (SGT) on the scheduled repayment date. Please ensure that there are sufficient funds in your account before the due date to avoid late payment or overdue charges. You can view your repayment schedule at any time through ANEXT Online Banking.
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