• DBS 0 Percent Interest Instalment Payment Plan

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    DBS Interest Free Installment Payment Plan

    May it be going for an exotic vacation or buying something that you always wanted, the payment plans offered by DBS bank are designed to meet your requirements. There are two such plans offered by DBS bank – 0 percent Interest Instalment Payment Plan and My Preferred Payment Plan.

    Some of the participating merchant categories are Automotive, Beauty and Wellness, Electronic and Computers, Education, Home and Furnishing, Fashion and Accessories, etc.

    Key Features and Benefits

    0 percent Interest Instalment Payment Plan

    • Purchase whatever you want from the participating merchants and enjoy absolutely no interest on them.
    • Before you make the purchase, ask for the plan and initiate it at the outlet.
    • You can choose to spread out the instalments over three, six, twelve, eighteen or twenty four months.

    My Preferred Payment Plan

    • There is no interest applicable. However, there is a low processing fee that is charged.
    • You can combine and convert the retail purchases you make.
    • The instalments can be spread across tenures of 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

    How to apply

    • Send an SMS to the bank and they will get in touch with you within a period of 3 working days for the completion of the application process
    • You can download the application form from the bank’s website and then fax or mail it to them after completing it.
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