POSB iHP Care
Introducing iHP Care —
The car loan that cares for you.
What is iHP Care?
- A first from POSB
- More savings1
- FREE Auto Loan Value Insurance, a personal accident insurance plan for 12-months2.
Based on above illustration using a $50,000 loan over a 10 year tenure, a customer who settles early in the 3rd year, 5th year or 7th year saves $3,247.70, $3,691.70 and $3,023.70 respectively. This is in comparison to other car loans using the "Rule of 78 less 20%" formula to compute the amount payable upon early settlement.
To find out more on early settlement calculation, please click here.
For assistance on your Auto loan, please call our customer service officers at 6333 0033 or email us at loans@dbs.com
1Savings applicable only to loan tenure of 3 years or more and / or where the loan is settled from the third year onwards.
2Auto Loan Value Insurance Plan is underwritten by MSIG Insurance (Singapore) Pte. Ltd (“MSIG”). This is not a contract of insurance. Full details of the terms, conditions and exceptions of this insurance are provided in the Policy and will be sent to you upon acceptance of your application by MSIG. You should consider carefully if you are intending to switch personal accident policies, as this might be detrimental to your current and/or future needs.
3For more information on interest rate / effective interest rate, please visit rates online.