A standby line of credit which gives you the access to funds anywhere, anytime.
Login using (1) Internet Banking or (2) Card and PIN to enjoy a shorter application. Also, get instant approval2 if you choose salary crediting as income document selection and get your account immediately (subjected to approval).
|Application Requirements for DBS Cashline|
|Nationality||Singaporean or Permanent Resident|
|Age||21 years and above|
|Minimum gross annual income||S$20,000 – below S$30,000||S$30,000 and above|
|Effective Interest Rate||29.8% per annum||19.8% per annum|
|DBS Cashline Fees and Charges|
|Minimum monthly repayment|
2.5% of outstanding balance or S$50, whichever is higher
|Minimum interest charge|
|Late payment fee|
|Late payment interest adjustment#|
Additional 6% above effective interest rate (the effective interest rate is also referred to as Prevailing Interest Rate)
S$100 (waived for first year)
+ You can now print your Income Tax Notice of Assessment at myTax Portal with your SingPass or IRAS PIN. The service is free. Log on to https://mytax.iras.gov.sg for more details.
Please note that applications not accompanied with required documents or with incomplete information will cause a delay in processing.
Get quick access to cash with DBS Cashline when the need arise. There is no interest charge if no amount is used.
Compared to cash advance or outstanding on credit cards, you can save up to 80% with DBS Cashline.
Tide over times when you need cash with the assurance of cash in your deposit account.
Link your current/ savings account to your Cashline account and enjoy seamless Cashline Auto Top-Up service whenever your current/savings account balance falls below a pre-set level.
You can apply for Cashline using 3 ways:
In the event that you encounter an error or cannot remember your iBanking access or ATM/ Debit/ Credit number and PIN, please fill up the contact me form for us to assist you.
For existing DBS/POSB customers, you can enjoy Straight Through Processing if you are currently crediting your salary to a DBS/ POSB deposit account. Once approved, you can get your Cashline account immediately.
Yes, once your Cashline account is approved, you can perform any of the following in services mentioned in Qn 5 on your Cashline.
We will encourage you to perform fund transfer or use an IB e-cheque in Internet Banking.
If you would like to have a physical chequebook, you can head to our DBS/POSB branches to submit your request. Please note that chequebook will be mailed to your mailing address.
You can do the following:
You can choose IB e-cheque under “Transfer” > “More Transfer Services” > Purchase Cheque (Mail). Service is free of charge. (More information)
Credit Bureau Report
From 1 April 2016, if you wish to have a free credit report, you may obtain it within 30 calendar days from the date of approval or rejection of this application via the credit bureau websites listed below. Alternatively, you may bring the approval or rejection letter and your NRIC to the following credit bureau’s registered office to obtain a free credit report.
Credit Bureau (Singapore) Pte Ltd
2 Shenton Way
#20-02 SGX Centre 1
Tel: (65) 6565 6363
* Clarification: We would like to clarify that “The free Credit Bureau Report” is limited only to application of a new product such as Cashline, Credit Card, Further Study Assist. Applications such as Credit Limit increase, Balance Transfer / Personal Loan disbursed from existing products and existing principal cardholders applying for another card(s) are not entitled to the free credit report.
1 DBS may grant such credit limit at its discretion, which may differ from what is requested (Explanatory notes).
2 DBS will only process applications that meet the bank's internal requirements. Please note that there is a downtime daily from 11.45PM to 8.00AM and application will be pending status during downtime.
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