Apply for My Preferred Payment Plan

Bought something expensive using your credit card and wish to have an option to pay it off over time? Split your purchases into 0% interest instalments for up to 12 months at no fee!

Banking Part of: Guides > Go Shopping with DBS

Who is it for?

Customers who wish to make their expensive purchases or holidays more affordable.

Tenure 3 months 6 months 12 months 18 months 24 months
One-Time Processing Fee
(based on transaction amount)
*0% 6% 6%
Effective Interest Rate *0% p.a. 7.86% p.a. 5.98% p.a.
*Promotional Rates - till 31st December 2019

Apply for My Preferred Payment Plan

How does it work?
  • For example, based on a transaction amount of S$2,700 paid over a 12 Month period:
Tenure 3 months 6 months 12 months 18 months 24 months
Monthly Instalment S$900 S$450 S$225 S$150 S$112.50
One-Time Processing Fee
(based on transaction amount)
S$0
(0% of S$2,700)
S$0
(0% of S$2,700)
S$0
(0% of S$2,700)
S$162
(6% of S$2,700)
S$162
(6% of S$2,700)
Total S$2,700 S$2,700 S$2,700 S$2,862 S$2,862

How do I apply?
  • Click this link: Apply for My Preferred Payment Plan and choose your application method:
    • iBanking (Login with iBanking User ID and PIN)
    • Online Form (Login with your Card and PIN)
  • Select the transactions you wish to convert into 0% interest instalments. (Max 10 transactions.)
  • Select your instalment period. (You may refer to the table above.)
  • Verify the details of the application and click Submit to complete the application.

Apply via digibank Mobile

Important: We are rolling out the new DBS digibank mobile app progressively over the next few months. Click here for more info.


  • Log in to digibank Mobile with your User ID and PIN.
  • Select Apply from the menu followed by My Preferred Payment Plan.
  • Select the transactions you wish to convert into 0% interest instalments and click Done. (Max 10 transactions.)
  • Select your instalment period and click Next. (You may refer to the table above.)
  • Verify the details of the application and click Confirm to complete the application.

Types of eligible transactions
  • Eligible transactions
    • Unbilled retail transactions and retail transactions reflected in latest statement;
    • Minimum amount required for MP3 application is S$100 (in a single transaction);
    • A combination of 10 transactions is allowed per MP3 application..

  • Ineligible transactions
    • Cash Advance;
    • Balance Transfer;
    • Payment via iBanking;
    • 0% Instalment Payment Plan;
    • Paypal transactions;
    • DBS/POSB Debit Card transactions.
Terms & Conditions

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