DBS Debt Consolidation Plan

Get up to 5% cashback with DBS Debt Consolidation Plan

Enjoy low interest rates from 3.58% p.a. (EIR 6.56% p.a.)#

DBS Debt Consolidation Plan

Low Interest rates

Save on interest charges with interest rates from as low as 3.58% p.a. (EIR 6.56% p.a.)#

Apply for New-to-DCP today and enjoy:

1% Cashback on approved loan amount+

With minimum loan tenure of 72 months (6 years)

Refinance your existing Debt Consolidation Plan to POSB and enjoy:

5% Cashback on approved loan amount^

with minimum loan tenure of 72 months (6 years)

Promotion ends 31 December 2022. Hurry and apply now!

New-to-DCP 1% Cashback Promotion Terms and Conditions and Refinance 5% Cashback Promotion Terms and Conditions apply.

+New-to-DCP 1% Cashback Promotion Terms and Conditions.

^Refinance 5% Cashback Promotion Terms and Conditions.

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

Download
Step 2

Check that all required documents are in order.

For New to Debt Consolidation Plan

  • 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

For more information on DBS Debt Consolidation Plan

Find out more

# 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.

 

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