My Preferred Payment Plan (MP3)
Looking to pay off your current credit card purchases over time? With My Preferred Payment Plan, you can consolidate and convert up to 10 eligible transactions into monthly instalments of up to 24 months.
It’s instant and super convenient. Just apply through digibank:
- MP3 on Credit Cards transactions OR
- MP3 on Savings Account transactions
only on
DBS digibank mobile
Tenure and processing fees
| Tenure | 3 months | 6 months | 12 months | 18 months | 24 months |
|---|---|---|---|---|---|
| One-Time Processing Fee (based on transaction amount) | 2% | 3% | 5% | 6% | 6% |
| Effective Interest Rate2 | 0% | 10.43% | 9.50% | 7.86% | 5.98% |
1 0% processing fee for 3-month MP3 ends 31 December 2025.
2 Effective interest rate (“EIR”) is calculated on the processing fee if full payment of the fee is not received by statement due date.
My Preferred Payment Plan (Savings Account)
Screens shown in video are for illustrative purposes only. For the latest one-time processing fee rates applicable, please refer to the rates displayed on digibank upon tenure selection during the application process.
Paid your income tax, education fees or insurance premiums through your savings account? You can ease your cashflow with My Preferred Payment Plan (Savings Account)!
- Valid for customers with a DBS Credit Card
- Earn 3.75 DBS Points per S$51
- Flexible payments over 24 months
- Apply instantly via DBS digibank mobile
How to apply
1 Only DBS/POSB Credit Cards that reward you with DBS Points are applicable, and ‘Earn Reward Points’ option must be selected during the application process to be awarded DBS Points.
Terms and Conditions Governing My Preferred Payment Plan (Savings Account)
My Preferred Payment Plan for Income Tax Payment
Now, you can also earn DBS Points on your income tax payment when you split them into monthly instalments! Enjoy:
- Low processing fee of 2.5%
- Flexible payments over 12 months
- Exclusive reward of 1.5 miles per S$1
Start earning DBS Points in 2 simple steps:
- Simply pay your income tax using your DBS/POSB Credit Card2 via the bill payment option on iBanking
- Apply for MP3 for Income Tax Payment via the ‘Apply now’ button below
2 Only DBS/POSB Credit Cards that reward you with DBS Points are applicable.
Tenure and processing fee
| Tenure | 12 months |
|---|---|
| One-Time Processing Fee (based on transaction amount) | 2.5% |
| Effective Interest Rate | 4.68% p.a. |
Terms and Conditions Governing My Preferred Payment Plan for Income Tax Payment
0% Interest Instalment Payment Plan
Shop with your DBS/POSB Credit Card at participating online and retail merchants such as, Shopee, The Hour Glass, , Challenger, Courts, Harvey Norman, Mustafa Shopping Centre and more! Choose to spread your payments over 6, 12 or even 24 monthly interest-free instalments when you are making your purchase
Don’t forget to check out our exclusive merchant offers to enjoy greater savings.
Discover our list of merchant offers here.
Enjoy 0% Instalment Payments at these participating merchants
Automotive | |
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Beauty & Wellness | |
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Education | |
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Electronic and Computers | |
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| Departmental Stores & Online Martketplaces
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Home and Furnishing | |
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Insurance | |
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Jewellery and Watches | |
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Medical | |
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Others | |
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Note:
- DBS Instalment Payment Plan is applicable for all DBS VISA/MasterCard and POSB MasterCard Credit Cardmembers only.
- Minimum purchase amounts, specific terms and conditions may vary for different merchants. Please contact merchants for more details.
- Purchases made through DBS Instalment Payment Plan will not be eligible to earn DBS Rewards Points or Daily$.
- In the event that you decide to cancel your DBS/POSB Credit Card, any instalment plan that is currently financed through the Card will be terminated and made payable immediately. Additionally, an early termination fee of S$150 will be levied on each Instalment Plan being terminated.
- DBS reserves the right to approve/reject any instalment plan(s).
- Other T&Cs apply. Click here to view full Terms and Conditions Governing Instalment Payment Plan
