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 6 months at no fee!

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%
5%
6%
6%
Effective Interest Rate
*0% p.a.
9.50% p.a.
7.86% p.a.
5.98% p.a.
*Promotional Rates - till 31st December 2021

For example, based on a transaction amount of S$2,700 paid over a 6 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$135
(5% 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$2,835
S$2,862
S$2,862


Types of eligible transactions

Applicable for retail transactions charged to a DBS/POSB credit card or DBS Platinum Business Card or DBS World Business Card, and instruction has to be given by Principal Cardholder.
  • 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.
  • Cash Advance;
  • Balance Transfer;
  • Payment via iBanking;
  • 0% Instalment Payment Plan;
  • Paypal transactions;
  • DBS/POSB Debit Card transactions.

How to apply for My Preferred Payment Plan

There are various channels which you may apply for My Preferred Payment Plan with us. The most convenient method would be via digibank Mobile.

digibank Mobile
phone frame
slider
slider
slider
slider
slider
slider
slider
slider
slider
slider
1
Step 1
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.
2
Step 2
Tap on More.
3
Step 3
Under Apply, tap on Pay By Instalments.
4
Step 4
Tap on Credit Card for your account type.
5
Step 5
Under Select Transaction, select your Card.
6
Step 6
Select the Eligible Transactions you wish to convert into 0% interest instalments and tap Confirm.
7
Step 7
Select your instalment period and tap X at the top.
8
Step 8
Verify the details of the application and tap on Next.
9
Step 9
Review and Confirm the details and tap on Apply Now.
10
Step 10
You have successfully applied for My Preferred Payment Plan for your selected tranaction(s).
Get the latest DBS digibank Mobile app now!
laptop
slider
slider
slider
slider
slider
slider
slider
slider
1
Step 1
Log in to digibank Online with your User ID & PIN.
2
Step 2
Complete the Authentication Process.
3
Step 3
Under Apply, select on More Application Services.
4
Step 4
Under Cards & Cashline Application Services, select on My Preferred Payment Plan.
5
Step 5
Click on Select Transaction and check the eligible transaction(s). Click on OK.
6
Step 6
Select your Instalment Period and click on Next.
7
Step 7
Verify your details and click on Next.
8
Step 8
You have successfully applied for My Preferred Payment Plan for your selected tranaction(s).
Login with your Card and PIN

More information

Was this information useful?

We welcome your feedback

Information is easy to understand and find
Information is useful to answer your inquiries completely