At a Glance

Interest rates from as low as 3.58% p.a. (EIR 6.56% p.a.)*


Choose from a flexible loan tenure of up to 8 years


Save interest expenses substantially and clear your debt easily


*Effective Interest Rate – based on S$63,000 loan amount for 96-months loan tenure and inclusive of processing fee.

The interest rate offered to you is based on your personal credit profile and may differ from the published rate and the rate offered to other borrowers, subject to the bank’s discretion.


How it Works

1 Calculated based on 25.9% p.a
2 Calculated based on 3.58% p.a. (EIR 6.56% p.a.)

Who can apply?

  • Singaporean/Permanent Resident
  • 21 to 65 years (upon loan maturity date)
  • Annual income from S$30,000 to < S$120,000
  • Balance to Income Ratio (BTI) of more than 12 times monthly income


Processing Fee $99
Early Termination Fee 5% on the balance outstanding at point of termination
Late Fee $90


Calculate the monthly repayment with our handy calculator!

Monthly Repayment Calculator


Visa Credit Card

DBS Debt Consolidation Plan comes with a DBS Visa Platinum Credit Card to provide you with a convenient mode of payment for managing your daily essentials.

  • This card comes with a maximum credit limit of 1x your monthly income.
  • No annual fee.

Click here to find out more about DBS Card fee and charges.


Required Documents

  1. Latest Credit Bureau report1 AND
  2. Income documents (any ONE of the following)
    REQUIRED INCOME DOCUMENTS Salaried Employees Variable Commission based Employees/Self Employed

    Latest Income Tax Notice Assessment2

    1 Year

    1 Year

    Latest 12 month's CPF Contribution History Statement3


    Provide any one of these documents

    Salary Crediting into DBS/POSB Account


    Latest Computerised Payslip


  3. Proof of Outstanding Unsecured Facilities Document (any ONE of the following)
    • Latest bank statements OR
    • Confirmation letter evidencing new balance transfer/loans OR
    • Any other relevant documents evidencing account information or balances

1 You can obtain a copy of your Credit Bureau report in-person either at CBS office or any SingPost branches, or through with your SingPass. A transactional fee of S$6.42 (inclusive of GST) applies.
2 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 for more details.


  1. Income documents are not required on condition that your salary is credited via GIRO, to your own Personal POSB/DBS Account for at least 3 consecutive months. The Bank will review, and if necessary, adjust the current combined credit limit of all unsecured accounts based on the latest salary crediting information provided.
  2. DBS reserve the rights to reject any of the documents provided.
  3. Applications not accompanied with required documents or with incomplete information will cause a delay in processing

How to Apply

You will need a DBS / POSB deposit account (excluding Joint All, Trust, MSA, SAYE, FCCA and POSB current accounts) for the repayment of the loan.

If you do not have an existing DBS / POSB account, click here to apply before beginning your Debt Consolidation Plan application.

  Application via Online form – Step by step guide
Step 1

Download and fill up the editable Unsecured facilities Declaration PDF form. To have the best experience please complete the form using Adobe Acrobat Reader on your Personal Computer.

Please do not mask off your data in the form, this is to ensure all data can be collected accurately


Step 2

Check that all required documents are in order.

For New to Debt Consolidation

  • Income documents
  • Credit Bureau Report (current or less than 2 months validity)
  • All Bank Statements^ (statement must clearly show Bank’s name, account number and outstanding balances)
  • Unsecured facilities Declaration form (Step 1)

For Refinance to DBS Debt Consolidation Plan

  • Income documents
  • Credit Bureau Report (current or less than 2 months validity)
  • ^Early settlement letter / Survival credit card statement

For Repayment Terms Revision

  • Income documents

Important note:

  • Supported file formats are JPG, PNG, PDF not exceeding 4mB each.
  • There should not be any spaces or special characters in the file name (Example of file name: bankstatements or creditbureaureport)
  • ^ Please combine the documents to be uploaded into one PDF. You may refer to the guide here on how to combine your documents.
Step 3

Submit your application online seamlessly. You will need to authenticate yourself via:

  • Your Digibank User ID and PIN, OR
  • ATM, Debit or Credit Card number and PIN

Please ensure that you have met the following conditions before applying for a Debt Consolidation Plan. Kindly ensure that you are:

  • A Singaporean/Permanent Resident
  • 21 to 65 years of age (upon loan maturity date)
  • Having an annual income of $30,000 to < $120,000
  • Having a Balance to Income ratio (BTI) of more than 12 times monthly income (Applicable to NEW Debt Consolidation Plan application only)
  • Having a DBS / POSB deposit account (excluding Joint All, Trust, MSA, SAYE, FCCA and POSB current accounts) for the repayment of the loan.
  • Prepared with the required documents as per Step 2 above

Do note that applications not fulfilling any 1 of the conditions above may be subjected to a longer application time and rejection of application.

Apply Now


Other Services

You may now pay your outstanding amount on your Debt Consolidation Plan via our digital form. Please do not make payment via this request form if you have an existing Giro arrangement on your loan account.

Learn more

Changing of your loan servicing account for Debt Consolidation Plan is now available online in just 1 simple step. Click to find out more.

Learn more


Frequently Asked Questions

View Frequently Asked Questions.


Terms and Conditions

View Terms and Conditions.

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