A credit line that lets you enjoy flexible repayments and pay interest on what you use.
|Choose between fixed or flexible repayment|
|Flexible Repayment with|
Cashline Balance Transfer
|Fixed Repayment with|
Cashline Instalment Loan
|Learn more||Learn more|
|Singaporean OR Permanent Resident|
|Gross Annual Income||S$20,000 - below S$30,000||S$30,000 & above|
|Effective interest rate||25.8% per annum||8.88% per annum for first 12 months^. Prevailing Interest rate of 19.8% per annum will apply thereafter|
|Minimum monthly repayment|
2.5% of outstanding balance or S$50, whichever is higher
|Minimum interest charge|
|Late payment fee|
|Late payment interest adjustment#|
Additional 6% above effective interest rate (the effective interest rate is also referred to as Prevailing Interest Rate)
S$80 (waived for first year)
# The reinstatement to the Prevailing Interest Rate will be effective on the first working day after your next Statement Date once the minimum payments due on 3 consecutive statements are made in full on or before the respective payment due dates.
^ Terms and Conditions for DBS Cashline at 8.88% p.a.
• The DBS Cashline at 8.88% p.a. (“Promotion”) is applicable only to new applicants earning an annual income of at least S$30,000 and who successfully apply for DBS Cashline by 31 December 2015. DBS Cashline approved after 31 December 2015 will be accorded the Effective Interest Rate of 19.8% per annum.
• The promotional interest rate of 8.88% p.a. is valid only for 1 year from the date of the DBS Cashline account opening. Upon expiry of the Promotion, the prevailing interest rate of 19.8% p.a. or such other rate(s) as we may determine from time to time will apply. Any change in prevailing interest rate shall be notified and announced by us in such manner as we may consider fit.
|Application Requirements for DBS Cashline|
|Nationality||Age||Minimum Gross Annual Income|
|Singaporean or Permanent Resident||21 years & above||S$20,000 & above|
Note: Existing DBS Cashline, POSB Loan Assist or POSB Loan Assist Plus customers are not eligible.
|Singapore Citizen/Permanent Resident|
The overall aggregate credit limit granted by DBS Bank Ltd ("DBS") for Singapore Citizens/Singapore Permanent Residents with a gross annual income of:
+ Please note that your CPF documents submitted online are only available for up to 7 days from the date of your submission.
** You can now print your Income Tax Notice of Assessment at myTax Portal with your SingPass or IRAS PIN. The service is free. Log on to https://mytax.iras.gov.sg for more details.
^^ Income documents are not required on the condition that your salary is credited via Giro, to your own Personal DBS/POSB Account and for at least 3 consecutive months. The Bank will review, and if necessary, adjust the current combined credit limit of all unsecured accounts based on the latest salary crediting information provided.
~Customers with annual income between S$20,000 - Less than S$30,000 are allowed to use this mode only
when there is a credit balance in their DBS Cashline account.
You can apply for Straight Through Processing if you have a salary crediting account with DBS/ POSB.
You can do the following:
Yes, once your Cashline account is approved, you can perform any of the following in services mentioned in Qn 2 on your Cashline.
You can choose IB e-cheque under “Transfer” > “More Transfer Services” > Purchase Cheque (Mail). Service is free of charge. (More information)
We will encourage you to perform fund transfer or use an IB e-cheque in Internet Banking.
If you would like to have a physical chequebook, you can head to our DBS/POSB branches to submit your request. Please note that chequebook will be mailed to your mailing address.
Note: Find out more about IB related FAQs at DBS Cashline Product Details Tab
Download the DBS Quick Credit App. Apply for DBS Cashline to get Approval In Principle2
Fill up the form and mail back
Visit any of our branches to get instant approval3 for your new Cashline and Cashline Instalment Loan
With effect from 1 December 2015, we will be revising the Cashline late payment fee from S$80 to S$90.
1DBS may grant such credit limit at its discretion, which may differ from what is requested.
2The approval of the personal loan application by DBS through the DBS Quick Credit mobile application is subject to full authentication and validation of completed information of the applicant and receipt of all mandatory documents from the applicant.
3 Conditions apply for instant approval at branch. DBS will only process applications that meet the bank's internal requirements and if the system for same-day approval is available at the point of application. DBS reserves the right to reject any application and/or grant a lower limit at its sole discretion.