At a Glance

Instant2 access to cash at 0%^ interest

Instant2 funds disbursement at 0%^ interest over 3, 6 or 12 months tenure

Flexible repayment

Pay as little as S$50 or the minimum due on your statement balance, whichever is higher.

Manage multiple bills easily

Pay just one bill at 0%^ interest when you transfer all outstanding balance to a DBS Credit Card or Cashline Balance Transfer

Apply online easily

Existing DBS Credit Card / Cashline customer? No documents are required.

Apply now

 

Rates & Fees

  DBS Cashline DBS Credit Card
Tenure 3 mths 6 mths 12 mths 3 mths 6 mths 12 mths
Administration
fee^
1.5%# 3.58% 2.5%# (online exclusive) 6.38%
4.5%# (online exclusive)
Same as Cashline Same as Cashline Same as Cashline
Effective interest rate (p.a)1 6.12% 7.52% 5.27%# 7.12% 5.06%# 6.15%# 7.61% 5.34%# 7.32% 5.20%#

#Online application only.

^Administration fees apply. The one-time administration fee will be charged to your Cashline/ Credit account accordingly.

1The effective interest rate is calculated based on the reducing outstanding amount over the tenure of the loan and takes into account the administration fees, assuming a monthly minimum payment of 2.5% (for Cashline) and 3% (for DBS/POSB Credit Card), plus interest, fees and charges and full payment in the final month of the tenure.

Interest, fees and charges are subject to compounding if it is not paid in full. The one-time administration fee will be debited from your Cashline account or DBS/POSB Credit Card(s) accordingly.

2Please note that for loans approved after 9pm during month end (eg 31st March), the funds will only be credited on the following day. If the following day falls on a Sunday or Public Holiday, the crediting will be on the next working day (eg Mon to Sat).

DBS / POSB Balance Transfer Terms and Conditions

Important Notes:

  1. A DBS/POSB deposit account (excluding Joint All, Trust, MSA, SAYE and POSB current accounts) is required for loan disbursement.
  2. There shall not be any excess in credit (credit balance) or Giro arrangement in your Credit Card or Cashline account for Balance Transfer application.
 

How does DBS Balance Transfer Work?

1. Unlock your unused credit limit for cash

Transfer the combined unused credit limit on your DBS Credit Card or Cashline account to your DBS account.

How DBS Balance Transfer works - Step 1 Unlock your unused credit limit for cash

2. Pay off any outstanding balance using Cashline or a DBS Credit Card

Combine all outstanding balance from other banks on Cashline or a DBS Credit Card. Pay everything off at 0%^ interest over 3, 6 or 12 months.

How DBS Balance Transfer works - Step 2 Pay off any outstanding balance using Cashline or a DBS Credit Card

Here’s an illustration of how much you could save with Balance Transfer

  Bank XYZ DBS
Outstanding amount: S$10,000
Tenure 12 months
Interest 24% 0%
One-time administration fee^ - 4.5%
One-time administration fee amount - S$450
Interest S$2,400 $0
You could save S$1,950! 

Figures have been simplified for illustration purposes only. Interest savings are based on the 24% p.a. interest rate on other banks' credit cards over a 12-month repayment period, as well as the one-time administration fee from DBS.

 

Promotion

Online exclusive! Apply for POSB Balance Transfer

Online exclusive: Apply for DBS Balance Transfer online with promo code “DBSBT” and receive 1% cashback on your approved loan amount today! Valid for loan amount of S$10,000 and above.

*Terms and Conditions Apply. Promotion ends 31st December 2022

 

Eligibility requirements

 
Age

21 – 75 years old

Others

Existing DBS Credit Card / Cashline customer

Don't have a DBS Credit Card or Cashline?

Apply for a DBS Credit Card or Cashline to get started.

 

Apply now

Enjoy the benefits of Balance Transfer today.

Singaporeans & Permanent Residents

Apply now

Foreigners

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