Enjoy fixed interest rate and monthly instalments to better manage your finances.
For customers with Credit Card and/or Cashline account. No documents are required. More details in FAQ.
For Customers with annual income of at least S$30,000.
Monthly instalment amount
Example: Suppose you have a Credit Card with an eligible credit limit of S$8,000 and you took up a Personal Loan of S$5,000 for 60 months on your Card. Assume S$5,000 Personal Loan amount is approved.
For Customer with annual income of S$20,000 to less than S$30,000
Monthly instalment amount
Example: Suppose you have a Cashline (for income S$20,000 to below S$30,000) with an eligible credit limit of S$4,000 and you took up a Personal Loan of S$3,000 for 60 months on your Cashline account. Assume S$3,000 Personal Loan amount is approved.
^ A.I.R.: Applied Interest Rate
* E.I.R: Effective Interest Rate – inclusive of 3% (for AIR: 7.99% p.a) or 2% (for AIR: 5.88%) or 4% processing fee (for AIR: 11%).
The above monthly instalment amounts have been simplified for illustration purposes
1 DBS may grant such credit limit at its discretion, which may differ from what is requested
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.
3 Minimum amount to take a 36 – 60 months loan is more than S$3,000 and applicable for Singaporean/ Permanent Residents.
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.
|Nationality||Singaporean or Permanent Resident|
|Age||21 – 65 years old|
|Minimum Annual Income||S$20,000 and above|
DBS Personal Loan will require (i) a Cashline and/or Credit Card account to grant the loan amount, and (ii) a DBS/POSB deposit account (excluding Joint All, Trust, MSA, SAYE and POSB current accounts) for loan disbursement. (see Frequently Asked Questions Tab for more details)
+ 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.
You can do an online Personal Loan application in 2 ways:
In the event that you encounter an error or cannot remember your iBanking acess or Card and PIN, please fill up the contact me form for us to assist you.
Upon approval of POSB/ DBS Personal Loan, you will receive:
If you are an existing Cashline account or Credit Cardholder, you will receive:
Cashline is a standby line of credit account which the credit limit granted is utilized for DBS/POSB Personal Loan.
You have the flexibility to use the available credit limit (up to 95%) to take up another Personal Loan or you can use the available credit limit as a standby credit line for short term usage.
There are no extra supporting documents required for these uses on your remaining credit limit.
Similar to above question, you can use the available credit limit (up to 95%) to take up another Personal Loan or use for other Credit Card purposes such as retail transactions.