Personal Loans

DBS Cashline

Flexible repayments plus pay interest only on what you use!

DBS Cashline

Product Details

  • Low interest rate from 1.48% per month
  • Credit limit up to 4x your monthly income
  • Easy access to cash 24/7 with DBS/POSB ATMs, iBanking and complimentary chequebooks
  • Annual fee waiver for two years
  • Apply with Cashline Instalment Loan which offers you a disciplined way of achieving your goals.
  • Enjoy a short getaway to recharge, or even plan a special surprise for your loved ones, while you enjoy bigger savings with Cashline Balance Transfer^.
  • Enjoy total peace of mind with CashShield Prime.

Singaporean OR Permanent Resident
Gross Annual IncomeS$20,000 - below S$30,000S$30,000 & above
Effective interest rate25.8% per annum
17.8% per annum
Minimum monthly repayment

2.5% of outstanding balance or S$50, whichever is higher

Minimum interest charge

S$5

Late payment fee

S$80

Late payment interest adjustment#

Additional 6% above effective interest rate (the effective interest rate is also referred to as Prevailing Interest Rate)

Annual fee

S$80

# 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
NationalityAgeMinimum Gross Annual Income
Singaporean or Permanent Resident21 years & aboveS$20,000 & above

Note: Existing DBS Cashline, POSB Loan Assist or POSB Loan Assist Plus customers are not eligible.



Mandatory Documents
Singapore Citizen/Permanent Resident
  • NRIC (Front and Back), AND
  • Income Documents (any ONE of the following)
Salaried Employees
  1. Latest 12 months’ CPF Contribution History Statement+
  2. Latest Computerised Payslip
  3. Salary Crediting into DBS/POSB Account^^
  4. Latest Income Tax Notice of Assessment** with either A or B or C
Variable/Commission-based Employees
  1. Latest 12 months’ CPF Contribution History Statement+
  2. Latest 2 years’ Income Tax Notice of Assessment**
Self Employed
  1. Latest 2 years’ Income Tax Notice of Assessment**


Up to 4 times Credit Limit – Explanatory Notes

The overall aggregate credit limit granted by DBS Bank Ltd ("DBS") for Singapore Citizens/Singapore Permanent Residents with a gross annual income of:

  • Between S$20,000 and below S$30,000 is up to a maximum of 2 times your monthly income in respect of any DBS/POSB Unsecured loan Facilities;
  • Between S$30,000 and below of S$120,000 is up to a maximum of 4 times your monthly income in respect of any DBS/POSB Credit Cards and Unsecured Loan Facilities; or
  • At least S$120,000 is up to 4 times your monthly income or a higher limit as may be determined by DBS in respect of any DBS/POSB Credit Cards and Unsecured Loan Facilities;

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.

Maximize the use of your Cashline account

  • Convenient access to withdraw cash
    • Withdraw cash at 900 over ATMs island-wide
    • Complimentary Chequebooks
    • Online Funds Transfer

  • Use Cashline to top up your current/savings accounts
    • Link your current/ savings account to your Cashline account and enjoy seamless Cashline Auto Top-Up service whenever your current/savings account balance falls below a pre-set level.

  • Consolidation of your bills
    • Consolidate your bills to your Cashline account by requesting for GIRO forms from the billing organization
    • Use your Cashline account to top up your ez-link card at DBS/POSB ATMs! (more information)
    • Pay your other bank’s credit card and  bills via AXS~ with your Cashline account (more information)

      ~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.


  • Multiple ways to make payments to your Cashline account
    • Using iBanking on your DBS/POSB bank account to the Cashline account
    • Using AXS
      - AXS Station – self-service kiosks
      - AXS QuickBill – over-the-counter at Cheers & Fairprice Xpress Stores
      - AXS e-Station – online at www.axs.com.sg
      - AXS m-Station – mobile app on IOS & Android
    • Using our DBS/POSB ATMs
    • Quick Cheque Deposit / Cheque Mail-in
    • Cash Payment at DBS/POSB branches

  1. How much credit limit will be granted?

    The overall aggregate credit limit granted by DBS Bank Ltd (”DBS”) for Singapore Citizens/Singapore Permanent Residents with a gross annual income of:

    • Between S$20,000 and below S$30,000 is up to a maximum of 2 times your monthly income in respect of any DBS/POSB Unsecured Loan Facilities;
    • Between S$30,000 and below S$120,000 is up to a maximum of 4 times your monthly income in respect of any DBS/POSB Credit Cards and Unsecured Loan Facilities; or
    • At least S$120,000 is up to 4 times your monthly income or a higher limit as may be determined by DBS in respect of any DBS/POSB Credit Cards and Unsecured Loan Facilities;

      regardless of the number of DBS/POSB Credit Cards and Unsecured Loan Facilities you hold or apply for.

  2. How can I use DBS Cashline?

    You can access Cashline via a Cashline cheque book, a DBS/POSB ATM card and perform funds transfer at any DBS/POSB ATMs or via DBS iBanking.

    Please note that you will not be able to withdraw cash from your Cashline account overseas.

    Cashline Cheque Book
    You can use your DBS Cashline cheques to make purchase for anything as long as the amount is within your credit limit.

    DBS/POSB ATM card
    If you are already an existing DBS/POSB ATM cardholder, you can immediately withdraw cash with your existing card at any DBS/POSB ATMs. If you do not have a DBS/POSB ATM card, a DBS ATM card will be mailed to you within 7 days from date of approval.

    Funds transfer
    You can transfer funds from your Cashline account to your own or third party's DBS/POSB account at any DBS/POSB ATMs.

    You can transfer funds from your Cashline account to your DBS/POSB account via DBS iBanking.

  3. How soon can I get my DBS Cashline Cheque Book and ATM card?

    The cheque book will be mailed to you within 7 working days from the date of approval. If you are an existing DBS/POSB ATM cardholder, you can use your existing ATM card to access funds from Cashline once the account is approved. If you do not have an existing DBS/POSB ATM card, a DBS ATM card will be mailed to you within 7 working days.

  4. How much can I use?

    You can use up to your available credit limit in the account. Whenever payment is made into the account, your credit limit will be automatically restored by the amount.

  5. How much do I have to pay back?

    You only need to service the monthly minimum payment of 2.5% of the outstanding balance or S$50 whichever is higher plus any overlimit or overdue amount.

  6. How do I know when and what to pay?

    You will be informed of your minimum payment due and due date via your Cashline statement of account which will be sent to you on a monthly basis. The monthly statement of account will detail all your withdrawals and deposits within one month from the statement date.

  7. How do I make payments?

    You may make payment to your Cashline account(s) via the following options:
    • Using iBanking on your DBS/POSB bank account to the Cashline account
    • Using AXS
      - AXS Station – self-service kiosks
      - AXS QuickBill – over-the-counter at Cheers & Fairprice Xpress Stores
      - AXS e-Station – online at www.axs.com.sg
      - AXS m-Station – mobile app on IOS & Android
    • Using our DBS/POSB ATMs
    • Quick Cheque Deposit / Cheque Mail-in
    • Cash Payment at DBS/POSB branches

  8. How can I apply for a credit limit review?

    Please complete the DBS Cashline Credit Limit Review Form, print, sign and mail (or fax) the application form to us with the mandatory income documents.

  9. How is interest calculated?

    Interest on the Facilities shall be calculated on a daily basis, by multiplying the outstanding balance on Facilities by the Prescribed Rate and then dividing by 365/366 (in a leap year), subject to a minimum interest charge of S$5.00.

  10. How do I get a new cheque book if the current one runs out?

    You need not worry about requesting for a new cheque book. We will automatically send you a new one before the current one runs out.

  11. What are the fees and charges for DBS Cashline?
    • Annual fee of S$80
    • Late payment fee of S$80
    • Overlimit fee S$40
    • Stop cheque fee S$30 per cheque
    • Returned cheque fee S$40 per cheque
    • Request for Statement beyond current 6 months S$20 each
    • Replacement of ATM card S$5
    • Returned GIRO fee S$20
    • Returned standing instruction fee S$20

  12. What is CashShield?

    CashShield is an optional credit life protection insurance underwritten by Aviva Ltd. It pays off the outstanding balance on your Cashline Account up to S$100,000 in the event of diagnosis of critical cancer**, terminal illness, death or total permanent disability. For death due to accident, the amount doubles to a maximum of S$200,000.

    ** This plan does not cover pre-existing medical conditions. A waiting period of 90 days applies for claim of critical cancer benefit.

  13. Is there an age limit for CashShield enrolment?

    You can enroll for CashShield Prime as long as you are a Cashline customer who is 65 years of age or below. And you'll be covered until you are 71.

  14. How much will I be charged for CashShield?

    CashShield Prime premium is charged at a rate of S$0.49 for every S$100 outstanding on your Cashline Statement of Account.

  15. How do I pay for CashShield premium?

    CashShield Prime premium will be automatically deducted from your Cashline Account every month.

  16. How can I apply for CashShield coverage?

    Simply call our 24 hour Customer Service Hotline at 1800 111 1111 or (65) 6327 2265 (from overseas) and we will arrange for an agent to help with you the CashShield Prime enrolment.

  17. When will an interest adjustment be added to your account?

    If the Bank does not receive the required minimum payment by its due date (for example, due date on 25 June as illustrated in the example below), the interest rate applicable to your Cashline account will be increased by 6% p.a. on top of the Prevailing Interest Rate (“Increased Interest Rate”). This Increased Interest Rate shall be applied to the outstanding balance in your Cashline account from the first working day after the date of the subsequent Cashline account statement following your Cashline Account statement (i.e. August’s statement) and used to compute the finance charges applicable to your Cashline account.

    This additional interest rate shall be applied even if minimum payment is received by the Bank on or before the due date of the following month (i.e. in July).

    In the event that the minimum payments are made in full on or before their respective due dates for 3 consecutive months (i.e. for August, September and October statements), the Increased Interest Rate shall be reinstated to the Prevailing Interest Rate on the first working day after your next Statement Date (i.e. November’s statement).

    Example:
    faq20

    Click here for a larger image.

    Note: In this example, the Prevailing Interest Rate is assumed to be 17.8% p.a.

  18. How do I know when the Increased Interest Rate will be applied to my Cashline Account?

    Any adjustment/reinstatement to the Prevailing Interest Rate will be reflected in your monthly statement under the section ‘Message/s For You’.

    Example:
    faq21

    Click here for a larger image.

  19. What will happen if I miss my payment again?

    If you miss your payment again during the period of those 3 consecutive months during which you must maintain minimum payment in order for the Increased Interest Rate to be reinstated to the Prevailing Interest Rate, the Increased Interest Rate will continue to apply until minimum payments are made for a consecutive 3-month period. Using the example above in point 20, the Prevailing Interest Rate will only be reinstated from December’s statement.

    Example:
    faq22

    Click here for a larger image.

    Note: In this example, the Prevailing Interest Rate is assumed to be 17.8% p.a.

How to Apply

  • Download the DBS Quick Credit App. Apply for DBS Cashline to get instant approval1

           

  • Fill up the form and mail back

    Apply now

  • 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

Cashline Terms and Conditions

Please note that we have made further revisions to clause 9 of the DBS Cashline Terms and Conditions which will come into effect on 1st August 2014.

Please be informed that revisions have been made to the DBS Cashline Terms and Conditions which will take effect on 1st July 2014.

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.