DBS Balance Transfer
Unlock cash for what you need, in an instant.
Get quick access to cash to handle what you need urgently with Balance Transfer. Plus, get cash instantly via your Credit Card or Cashline account, with interest-free, flexible loan repayment terms.
Features & Benefits
Get cash for urgent needs
Pay for your medical bills, down payments, or unexpected expenses on time.
Enjoy interest savings
Let us ease the repayment load with a 0% interest rate for up to 12 months.
Flexible repayment
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.
Apply online easily
Existing DBS Credit Card / Cashline customer? No documents are required.
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
| Bank XYZ | DBS | |
|---|---|---|
| Outstanding amount: | S$10,000 | |
| Tenure | 12 months | |
| Interest | 24% | 0% |
| One-time administration fee+ | - | 4.5% |
| One-time administration fee amount | - | S$450 |
| Interest | S$2,400 | $0 |
| You could save S$1,950! ^ | ||
+ The one-time administration fee will be debited from your DBS Cashline / Credit Card account accordingly.
^ 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
- Singapore Citizen or Singapore Permanent Resident
- 21 – 75 years old
Rates & Fees
You need a DBS Credit Card or Cashline account.
Should you use the credit balance on Cashline or your DBS Credit Card? Here’s a breakdown of the fees you would need to pay:
| DBS Cashline | DBS Credit Card | |||||
|---|---|---|---|---|---|---|
| Tenure | 3 mths | 6 mths | 12 mths | 3 mths | 6 mths | 12 mths |
| Administration fee | 1.5%# | 4.5%# (online exclusive) | Same as Cashline | Same as Cashline | Same as Cashline | |
| Effective interest rate (p.a)* | 6.12% | 6.15%# | ||||
DBS / POSB Balance Transfer Terms and Conditions
#For online application.
*The effective interest rate is calculated taking into consideration the administration fee and based on the assumption of a minimum monthly payment of: 2.5% for Cashline / 3% for DBS/POSB Credit Card(s) of the outstanding 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.
How to apply
Enjoy the benefits of Balance Transfer today.
