DBS Instalment Payment Plan (IPP)

Looking to split your payments while shopping? Shop from watches, electronics and more, with your DBS/ POSB Credit Card, and choose to pay with 0% interest DBS Instalment Payment Plan (IPP) offered at participating merchants such as Lazada, Courts, Harvey Norman, The Hour Glass and more!

Part of: Guides > Go Shopping with DBS

Important information

  • An early termination fee of S$150 per instalment plan will be imposed on Cardmembers who:
    • choose to cancel their existing instalment plan or
    • choose to close their credit card account (Note: the instalment plan will be automatically accelerated upon card termination).
    • or have their credit card terminated by the bank. (Note: the installment plan will be automatically accelerated upon card termination).
  • For merchants that do not accept DBS IPP, you can still choose to split your payment using DBS My Preferred Payment Plan. Learn More.
DBS IPP are only applicable for DBS/POSB Credit Cardmembers and the minimum qualifying spend is S$500 (amount might vary across merchants). If you would like to pay with DBS IPP at our participating merchants, just ask for it at the merchant’ store before you make your purchase. For the instalment plan to be approved, you will need to have sufficient credit limit on your Credit Card. Upon approval, you will only be charged the first month instalment amount at time of purchase.

For online stores like Lazada and Qoo10, you can choose to pay with DBS IPP at point of check-out.
Most of our participating merchants offer the option to spread your payments over 6 or 12 months. Some selected merchants offer up to 24-month repayment period. Please check in-store for details.

Upon successful setup of the Instalment Payment Plan with the merchant:

  • The full purchase amount will be earmarked on your Credit Card (i.e. your credit limit will be reduced accordingly)
  • The first month instalment amount will be payable at time of purchase.
  • Subsequent monthly instalment amount payable will be reflected on your monthly DBS/POSB Credit Card Statements.
  • Each time you make payment for your monthly instalment amount, your credit limit will increase accordingly.
  • DBS Instalment Payment Plan is applicable for all DBS VISA/MasterCard and POSB MasterCard Credit Cardmembers only.
  • Minimum purchase amounts, specific terms and conditions and products for instalment plan may vary for different merchants. Please contact the merchants for more details.
  • Purchases made through DBS Instalment Payment Plan will not earn DBS Rewards Points or Daily$.
  • If you decide to cancel your Credit Card, any instalment plan that is currently financed through the Card will be terminated and made payable immediately.
  • Additionally, an early termination fee of S$150 will be levied for each Instalment Payment Plan(s) being terminated.
  • DBS reserves the right to approve/reject any instalment plan(s).
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