DBS Personal Loan

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Key Features

3.88%
Interest Rate*
Loan Approval Time
Instant approval (if you have a DBS/POSB credit card + savings account)
^S$2,000
Processing Fee

Other Features

*Note that the rates provided to you are customised and might differ from what’s displayed here. DBS Bank is regulated by the Monetary Authority of Singapore.

Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

age 21 – 65 years old

Employment Status

Employed, Self-employed and Commission earner

Minimum Annual Income

S$30,000

Fees and Charges

Processing Fee: 1%
Late Payment Fee: S$100 for Credit Card PL; S$120 for Cashline PL
Partial Repayment Penalty: No partial repayment allowed
Full Repayment Penalty: S$250

Review

By LOANPANDA

DBS Personal Loan offers low interest rates from 3.88% p.a. and instant approval for those with a DBS/POSB credit card and savings account. Customised rates are available based on individual credit profiles.

A processing fee of S$2,000 applies. Late payment fees and full repayment penalties also apply. DBS Bank is regulated by the Monetary Authority of Singapore.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.