| Bank A: S$10,000 Bank B: S$15,000 Bank C: S$15,000 Bank D: S$20,000 Interest Charges: S$15,540/year1 from 4 separate banks |
| A monthly amount of S$1,012.332 is deducted automatically from your chosen DBS/POSB account over a maximum of 72 instalments. Interest Charges: S$2,148/year from one bank |
| A total savings of S$13,392 (86% off the original amount!) Figures are for illustration purposes only. |
| A DBS Debt Consolidation Plan comes with a DBS Visa Platinum Credit Card3 so you can manage daily expense with conveniences.
Learn more about DBS Card fees and charges. |
| 1Calculated based on an interest rate of 25.9% p.a. 2Calculated based on an interest rate of 3.58% p.a. (EIR from 6.56% p.a.). Interest will be amortized using the “Rule of 78” computation method in your monthly instalment over the full loan tenure. 3Please note that this DBS Visa Platinum Credit Card will be scheduled for cancellation once your DBS Debt Consolidation Plan is fully repaid. |
Nationality | Singaporean/Permanent Resident |
Age | 21 to 65 years (upon loan maturity date) |
Income | Annual income from S$30,000 to < S$120,000 |
Balance to Income Ratio (BTI) | Balance to Income Ratio (BTI) of more than 12 times your monthly income |
Processing fee | S$99 |
Early termination fee | 5% on the balance outstanding at point of termination |
Late fee | S$90 |
Debt Consolidation Plan Repayment Form
You can now pay the outstanding balance on your Debt Consolidation Plan through our request form. If you have an existing GIRO arrangement for your loan account, please do not use this form to make payment.
Calculate your estimated repayment
Use our handy calculator tool to estimate your monthly repayment amount based on your loan amount and tenure.