Flexible repayments plus pay interest only on what you use!
|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||19.8% per annum|
|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.
|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:
regardless of the number of DBS/POSB Credit Cards and Unsecured Loan Facilities you hold or apply for.
+ 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.
Download the DBS Quick Credit App. Apply for DBS Cashline to get instant approval1
Fill up the form and mail back
SMS "Cash <space> Name <space> NRIC" to 76060
For example: Cash John Tan S1234567D
Visit any of our branches to get same-day approval2 for your new Cashline and Cashline Instalment Loan
Notification on revision to Cashline Terms and Conditions relating to fees and charges
Please be informed that the following revisions have been made to the DBS Cashline Terms and Conditions which will take effect on 1 January 2015:
1The 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.
2 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.