POSB Interest Free Installment Payment Plan

All the retail purchases that you make using your POSB or DBS credit cards can now be converted to instalment plans. The 0 percent interest instalment payment plan is absolutely interest free and offers great amount of flexibility. The plan is called My Preferred Payment Plan and the minimum spend must be SGD 500 to enjoy the benefits of this plan. You can also choose tenure as per your convenience.

Key Features and Benefits

  • No interest is applicable on your retail purchases made using POSB or DBS credit cards. However, there a small processing fee that is charged.
  • The instalment payments can be spread out over three, six, twelve, eighteen or twenty four months.

Fees and Charges

Table for Effective Interest Rate (EIR)

My Preferred Payment Plan

Tenure Effective Interest Rate (EIR)
3 months 18.18 percent per annum
6 months 10.43 percent per annum
12 months 9.50 percent per annum
18 months 7.86 percent per annum
24 months 5.98 percent per annum

Table for Processing Fee

My Preferred Payment Plan

Tenure Processing fee (one time only)
3 months 3 percent
6 months 3 percent
12 months 5 percent
18 months 6 percent
24 months 6 percent
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