DBS Balance Transfer
Take a dip into new opportunities with DBS Balance Transfer! Float your worries away and relax with flexible repayment terms at 0%^ interest for up to 12 months. What’s more, enjoy instant2 access to funds via your Credit Card or Cashline account, whenever you need it.
Features & Benefits
Instant2 access to cash at 0%^ interest
Instant2 funds disbursement at 0%^ interest over 3, 6 or 12 months tenure
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.
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 30th September 2022
How to Apply
Singaporeans & Permanent Residents
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.
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.
Here’s an illustration of how much you could save with Balance Transfer
|One-time administration fee^||-||4.5%|
|One-time administration fee amount||-||S$450|
|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.
Who can apply?
- Existing DBS Credit Card / Cashline customer
- 21 – 75 years old
Rates & Fees
You need a DBS Credit Card or Cashline account.
Don’t have a DBS Credit Card or Cashline?
and enjoy the benefits of Balance Transfer today.
|DBS Cashline||DBS Credit Card|
|Tenure||3 mths||6 mths||12 mths||3 mths||6 mths||12 mths|
4.5%# (online exclusive)
|Same as Cashline||Same as Cashline||Same as Cashline|
|Effective interest rate (p.a)1||6.12%||6.15%#|
#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
- A DBS/POSB deposit account (excluding Joint All, Trust, MSA, SAYE and POSB current accounts) is required for loan disbursement.
- Payment made to your Balance Transfer will be applied to settle the plan that was opened first.
- There shall not be any Credit Balance or Full Giro arrangement in your Credit Card or Cashline account for Balance Transfer application.
How to apply
Singaporeans & Permanent Residents
if you’re an existing DBS Cashline/Credit Card user.