POSB Debt Consolidation Plan

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Key Features

3.58%
Interest Rate*
^S$99
Processing Fee
Up to 8 years
loan tenure

Other Features

POSB Debt Consolidation Plan lets you consolidate your outstanding across all banks.
Enjoy a low interest rate of 3.58%p.a (EIR 6.95%p.a.)
Choose a loan tenure between 1 to 8 years.
New-To-DCP applicants can receive a 1% cashback on the approved loan amount.
Refinance with POSB today and enjoy a bonus cashback of 5% on your approved loan amount.
Receive a credit card with a limit of 1x your monthly income for your daily expenses.

Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

21 – 65 years old

Employment Status

Employed, Self-employed and Commission earner

Minimum Annual Income

S$30,000

Fees and Charges

Late Payment Fees: S$90

Review

By LOANPANDA

POSB Debt Consolidation Plan offers a convenient way to consolidate your outstanding debts from all banks at a low interest rate of 3.58% p.a. (EIR 6.95% p.a.). With a loan tenure of up to 8 years, you can choose a repayment period that suits you best.

Plus, new-to-DCP applicants can enjoy a 1% cashback on the approved loan amount, and you can also receive a bonus cashback of 5% when you refinance with POSB today. To top it off, you’ll also receive a credit card with a limit of 1x your monthly income for your daily expenses.

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.