Cash woes? A personal loan to the rescue!
  • Personal Loan BYTES FROM OUR KITCHEN

    DBS Personal Loan Interest Rates

    DBS offers personal loans of up to 10x your annual income. It offers 3 different types of personal loans in Singapore:

    • Term Loan: With a term loan, the monthly repayment amount is fixed.
    • Line of credit: Monthly payments are variable, depending on your outstanding balance.
    • Balance Transfer: A 0% interest rate applies on all outstanding credit card debt for a limited period of time.

    What Are the Interest Rates on a DBS Personal Loan?

    DBS Personal Loan

    The following table shows the interest rate that applies for a term loan with DBS:

    Tenure (Years) Effective Interest Rates (p.a.) Applied Interest Rate (p.a.)
    Up to 5 years Starts at 7.56% Starts at 3.88%

    DBS Cashline

    The following table shows the interest rate applied on a DBS Cashline line of credit:

    Minimum annual income Tenure Effective Interest Rates (p.a.)
    S$20,000 - S$29,999 Up to 1 year 29.8%
    S$30,000 and above Up to 1 year 19.8%*

    *Note: With effect from 3 December 2018, the effective interest rate for customers with an annual income of S$30,000 and above will be revised to 20.5% p.a.

    DBS Balance Transfer

    The following table shows the interest rates applied on a DBS Balance Transfer:

    Tenure Effective Interest Rates (p.a.) on Cashline Effective Interest Rates (p.a.) on Credit Card
    6 months 5.27% 5.34%
    12 months 5.06% 5.20%

    Whether you need a short-term loan to tide you over until your next paycheck or a long-term loan to finance certain investments or purchases, consider which type of personal loan will best meet your needs. If your annual income does not exceed a certain required amount, you may also find yourself ineligible for some loans - so it would be smart to do your research thoroughly before you apply to ensure you are successful in your first attempt to secure financing.

    DBS does also offer promotional interest rates from time to time. You may check the promotional offers and resulting interest rates in Singapore on personal loans offered by other banks here.

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