POSB 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$100
Processing Fee

Other Features

POSB/DBS account holders can apply directly and receive instant cash disbursement.
Please note that the rates provided to you are customised and may differ from what is displayed here. POSB 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

POSB Personal Loan offers competitive interest rates starting from 3.88%, with only S$100 processing fee. Customers can enjoy instant approval and cash disbursement if they have a DBS/POSB credit card and savings account.

Eligible applicants can apply for a loan with a minimum annual income of S$30,000. Please note that rates are customized and subject to change. POSB 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.