POSB personal bank loan Enjoy instant approval and get money immediately 3 in your bank account

Instant cash as little as 3.88% p.a (EIR 7.56% p.a)!

your monthly wage

Brand New function! – should you not have Cashline account, miss the have to offer your revenue papers whenever you use with MyInfo.

Get money INSTANTLY with POSB signature loans, rate of interest only 3.88% p.a (EIR 7.56% p.a)

A POSB unsecured loan brings you immediate cash at low prices. Simply the plain thing to light you up!

Qualities & Advantages

Enjoy instant approval and instantly get cash 3 in your account fully for:


On line exclusive for New-to-Bank clients! Make an application for POSB unsecured loan today and get 1% cashback on the approved loan amount! 4

Prices & Costs

Enjoy personalised interest levels from as little as 3.88% pa AIR + 1% Processing cost (EIR 7.56percent pa)!

The attention fee and rate suggested could be the cheapest posted price that can vary from what exactly is provided to you. The attention price and charge agreed to you will end up exhibited throughout your application and it is centered on your individual credit and earnings profile, at the mercy of the bank’s discernment

What exactly are AIR and EIR rates?

AIR – Used Interest. This is actually the price found in determining the interest payable on your own loan. Interest in the Loan will be determined according to a flat price foundation technique (easy interest) by multiplying the main Loan quantity by the specified yearly Applied rate of interest when it comes to complete tenure of this Loan.

Illustration on interest payable for the S$10,000 loan with 3.88% atmosphere and 5 years tenure Interest payable: S$10,000 loan x 3.88% pa AIR x tenure that is 5-year S$1,940

EIR – Good Rate Of Interest. Here is the rate that reflects the actual expense of borrowing as expressed over a reducing stability foundation (just like mortgage loans) and it is beneficial in comparing various loans to have the rate that is best.

To learn more about used and interest that is effective, please go to www.moneysense.gov.sg


Determine the repayment that is monthly our handy calculator!

Who is able to use?

DBS/POSB unsecured loan will require (i) a Cashline and/or Credit Card account to give the mortgage quantity, and (ii) a DBS/POSB deposit account (excluding Joint each, Trust, MSA, SAYE and POSB present reports) for loan disbursement (see faq’s Tab for lots more details).

Should you not have a preexisting Cashline / bank card Account, you will require the next documents:

Instead, you may elect to offer your earnings papers via MyInfo

Take note that applications perhaps maybe perhaps not associated with needed papers or with incomplete information shall cause a delay in processing.

You can choose your desired account here and apply online if you do not have an existing DBS/POSB deposit account.


How do you make an application for a DBS/POSB personal bank loan when I click on “Apply Now”?

You could do an online dbs/posb unsecured loan application in 2 methods:

Understand how it is simple to submit an application for a POSB unsecured loan right right right right here.

After using, exactly what can we expect?

You will receive if you are an existing Cashline account or Credit Cardholder:

For DBS/POSB clients without Cashline or Credit Card.

After publishing and approval of a DBS/POSB unsecured loan on your Cashline and/or charge card, you shall get another SMS verification that the DBS/POSB unsecured loan is authorized. Please always check your designated take into account the crediting regarding the loan amount that is approved.

What exactly is a Cashline account and just why could it be useful for DBS/POSB unsecured loan?

Cashline is a line that is standby of account that the borrowing limit issued is used for DBS/POSB unsecured loan.

Just just exactly What do I do because of the staying borrowing limit in the Cashline account?

You have the freedom to make use of the available borrowing limit (up to 95%) to just just simply simply just take up another DBS/POSB personal bank loan or perhaps you may use the available borrowing limit as being a standby line of credit for temporary use.

There aren’t any extra supporting documents necessary for these uses on your own staying credit restriction.

Think about the credit that is remaining in my charge card?

You should use the available borrowing limit (up to 95%) to simply just just just take up another DBS/POSB Personal Loan or utilize for any other bank card purposes such as for example retail deals.

I actually do not need a deposit account with DBS/POSB. Just how do I continue?

You are able to select your desired account right right right right here and use on the web. As soon as your account is exposed, you can easily submit an application for the DBS/POSB unsecured loan.

Just just just just How could be the interest back at my DBS/POSB Personal Loan repaid over the instalments that are monthly?

Presuming that you’re trying out that loan at $5,000 at 3.88% p.a. for just two years (EIR 8.20% p.a. inclusive of just one% processing cost), your month-to-month instalment can come around be about $224.50 and you will see no switch to it through the entire tenure regarding the loan*.

3 DBS will simply process applications that meet with the bank’s interior needs. Please be aware that there surely is a downtime daily from 11.45PM to 8.00AM and application would be status that is pending downtime.

4 unsecured loans 1% Cashback marketing stipulations use. Valid for loan quantity of S$10,000 and above. Applications via other networks (i.e Telesales or Branch product product product sales staff etc.) will never be considered. Advertising finishes 31 December 2020.

Information From 1 April 2016, within 30 calendar days from the date of approval or rejection of this application via the credit bureau websites listed below if online payday loans Indiana you wish to have a free credit report, you may obtain it. Instead, you might bring the approval or rejection page along with your NRIC into the after credit bureau’s registered office to get a credit report that is free. Credit Bureau (Singapore) Pte Ltd 2 Shenton Method #20-02 SGX Centre 1 Singapore 068804 Tel: (65) 6565 6363 www.creditbureau.com.sg

* Clarification: you want to explain that “The free Credit Bureau Report” is limited and then application of a product that is new as Cashline, bank card, Further research Assist. Applications such as for instance borrowing limit enhance, Balance Transfer / Personal Loan disbursed from current items and existing major cardholders trying to get another card(s) are not eligible for the credit report that is free.


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