Get 3% unlimited cashback with DBS Personal Loan!
Age | 21 – 70 years old |
Minimum income | 1) For customers with existing DBS/POSB Cashline and/or DBS/POSB Credit Cards: No income documents required. 2) For customers without DBS/POSB Cashline and DBS/POSB Credit Cards: SG/PR: $30,000 annual income Foreigners: $60,000 annual income |
Rates and fees | Interest rate and fee: Borrow at low rates from 1.00% p.a.¹ + 1% processing fee (EIR 2.32% p.a.)²
You will incur an early termination fee of S$250 for each Personal Loan. 1The interest rate & fee indicated is the lowest published rate and may differ from what is offered to you based on your personal credit and income profile, subject to the bank’s discretion. Log in to digibank to view your rates now. For full list of fees and interest charges, please visit List of Fees and Charges. |
To receive funds | You’ll need a DBS/POSB deposit account (Joint-All, Trust, MSA, SAYE, or POSB current accounts are excluded). Click here to apply. |
1 Interest rate and fees | The interest rate & fee indicated is the lowest published rate and may differ from what is offered to you based on your personal credit and income profile, subject to the bank’s discretion. Log in to digibank to view your rates now. |
2 EIR | EIR – Effective Interest Rate is the rate that reflects the true cost of borrowing as expressed over a reducing balance basis (similar to home loans) and is useful in comparing different loans to get the best rate. For more information on applied and effective interest rates, please visit www.moneysense.gov.sg |
3 Terms & Conditions for promotions | Terms & Conditions apply, please refer to the promotion page. |
4 To note for funds disbursement | Please note that for loans approved after 11.45pm daily or 9pm during month end (e.g. 31 Mar), the funds will only be credited to the designated deposits account on the following day. If the following day falls on a Sunday or Public Holiday, the crediting will be on the next following day (e.g. Monday to Saturday). |
5 To note for loan tenure | For loan amounts of S$3,000 and below, and for applicants who are non-Singapore citizens or non-permanent residents, you can only choose loan tenure of 6, 12 or 24 months. |
Unsure of which DBS Instant Loan product to select? | Cashline, Personal Loan, or Balance Transfer – confused about which loan to pick? Our easy-to-use calculator helps you find the perfect fit with the lowest interest and fees for your needs. |
Principal/ Interest | Monthly Instalment | |
| Month 1 | Principal/ Interest $826.28/ $15.38 | Monthly Instalment $841.66 |
| Month 2 | Principal/ Interest $827.56/ $14.10 | Monthly Instalment $841.66 |
| Month 3 | Principal/ Interest $828.84/ $12.82 | Monthly Instalment $841.66 |
| Month 4 | Principal/ Interest $830.12/ $11.54 | Monthly Instalment $841.66 |
| Month 5 | Principal/ Interest $831.40/ $10.26 | Monthly Instalment $841.66 |
| Month 6 | Principal/ Interest $832.69/ $8.97 | Monthly Instalment $841.66 |
| Month 7 | Principal/ Interest $833.97/ $7.69 | Monthly Instalment $841.66 |
| Month 8 | Principal/ Interest $835.25/ $6.41 | Monthly Instalment $841.66 |
| Month 9 | Principal/ Interest $836.53/ $5.13 | Monthly Instalment $841.66 |
| Month 10 | Principal/ Interest $837.81/ $3.85 | Monthly Instalment $841.66 |
| Month 11 | Principal/ Interest $839.10/ $2.56 | Monthly Instalment $841.66 |
| Month 12 | Principal/ Interest $840.46/ $1.28 | Monthly Instalment $841.74 |