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    DBS Personal Loan

    We found 1 DBS Personal Loan

    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 5.88% p.a. EIR from 11.32% p.a.
    1-5 Years
    What you'll love
    What you need
    What you need to consider

    DBS Personal Loan

    Personal Loan BYTES FROM OUR KITCHEN

    DBS Personal Loan

    The incorporation of The Development Bank of Singapore Limited, eventually known as DBS to account for its graduation from being just a region-centric bank, took place in the year 1968 by Economic Development Board of the country. The motive of this establishment was to assist the financing of industrial, processing and manufacturing units, as well as to offer financial help in the setting up of newer industries, thus helping boost the industrial economy of Singapore. The bank also played a crucial role in attracting foreign investments in the industrial sector, which served to strengthen the industrial economy of the country further.

    Today, DBS boasts of a market-dominant position in the South East Asian banking hemisphere as the largest bank in the region in terms of its assets and one of the major banks in Asia. It is the largest bank in Singapore with more than 2300 branches and self-serving machines. DBS is also known as the market leader in consumer and corporate banking with its admirable share of retail customers ranging to more than 4.6 million, and its history of having served several generations of customers with varying needs deems it as ‘Asia’s Safest, Asia’s Best’.


    You’re probably eligible for a DBS Bank Personal Loan if you are

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    DBS Bank Personal Loan Minimum Age

    Atleast 21 years

     DBS Bank Personal LoanMaximum Age

    Above 21 Years

     DBS Bank Personal Loan Eligible Employment Type

    Salaried or self-employed with regular income

     DBS Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your DBS Bank Personal Loan amount eligibility is based on these factors

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     DBS Bank Personal Loan Minimum Salary

    Minimum income required
    S$20,000

     DBS Bank Personal Loan Maximum Loan Funded

    Max loan amount - up to 4X2 your monthly salary or up to 10X2 if your annual income is S$120,000 and above

     DBS Bank Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible DBS Bank Personal Loan amount by these steps

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     DBS Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

     DBS Bank Personal Loan Tenure

    Repayment Tenure - 5 years


    Documentation needed to apply for an DBS Bank Personal Loan

    • 1.Photocopy of NRIC
    • 2. Salaried Employee:
      • Latest Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 3. Variable Income/Commission Based Earner:
      • Latest 6 months Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 4. Self-Employed:
      • Income Tax Notices of Assessment (NOA) for past 2 years
    • 5.Any other documents as may be requested by the Bank at its sole discretion

    DBS Bank Personal Loan DetailsUpdated on 11 May 2016

    DBS Bank Personal Loan Details
    Interest Rate 7.99% p.a (5 years)
    Minimum Income S$20,000
    Max Loan Amount up to 4 times your monthly income
    Loan Tenure 5 Years
    Processing Fee Inclusive of 3% or 4% processing fee

    Why choose DBS Personal Loan?

    With DBS Personal Loans you can enjoy greater flexibility and better control of your money-related needs, since DBS offers a wide range of personal loans that you can choose from according to the nature of your cash needs and ease of repayment. Whether you are looking for a much-needed break on a long-pending dream vacation or need funds on an urgent basis for an emergency, DBS personal loan can come to your rescue with their swift processing and immediate funds disposal.

    Types of DBS Bank Personal Loan Singapore

    The following personal loan products can be availed at DBS in Singapore:

    • DBS Cashline – Avail a cash advance of up to 4 times your monthly income at interest rates as low as 1.65% per month. What is more, the first year annual fee is waived so enjoy greater savings too. This can be applied along with DBS Cashline Instalment Loan, enabling you to achieve your financial goals in a well-planned manner.
    • DBS Cashline Balance Transfer – Avail a loan plan with 0% interest rate for as long as 12 months and a flexible repayment option of paying as low as S$50 or 2.5% of the statement balance.
    • DBS Cashline Credit Limit Review – Enhance your credit limit by adjusting it as per the augment in your income and thereby enjoy a greater spending power.
    • DBS Cashline Instalment Loan – With this loan, you can determine the loan amount within your credit limit and convenient loan tenure within 1 to 5 years, all on your own. Enjoy immense flexibility with a well-structured financial control.
    • DBS Cashline Auto Top-up – Worried about your minimum bank balance during a sudden contingency? This loan product offers you the flexibility to determine a minimum balance amount in your DBS/ POSB Current or Savings account and top-up amount from your existing DBS Cashline Account to relieve your balance-related worries.
    • DBS CashShield Prime – Worried about your outstanding payments for your DBS Cashline Account in case of an unexpected emergency? This is a protection plan enabled to ease your financial burden in a contingency that pays off the outstanding balance as per preset limits, with an affordable premium.

    DBS Bank is one of the leading banks in the world and the benefits that come with their personal loan schemes are extremely lucrative.

    • Enjoy flexible payment options and your interest payments are only calculated as per your usage of loan funds
    • The application process is quick and hassle free. The loan application can be availed by you anytime, anywhere
    • Avail the assurance of covering all your expenses that are a necessity with minimum bank balance
    • Maintain your desired stability and control your financial aspects as the monthly instalment payments are very easy to pay and affordable too
    • In an unpredicted and unexpected even occurs, avail a plan which allows you to pay off all your outstanding amount of loan
    • Enjoy extra cash with balance transfer and avail an interest rate of 0% for a period of 12 months

    The eligibility criteria for most DBS Personal Loans are as follows:

    • Applicants must be below 65 years of age.
    • Applicant must be aged between 21 and 65 years with the least yearly income of S$20,000 for Singapore Citizens and Permanent Residents
    • DBS CashShield Prime - Applicable to existing DBS Cashline Accountholders only.

    A DBS Personal Loan requires the following documentation:

    For salaried employees:

    • Photocopy for NRIC (Both sides)
    • Past 3 months' computerized pay-slips OR current Notice of Assessment OR past 6 months’ CPF statement.

    For individuals working on freelance /commission basis:

    • Photocopy of NRIC (Both sides)
    • Last 2 years' Notice of Assessment OR last 15 months' CPF statement

    For foreigners:

    • Applicant’s Passport
    • Employment Pass valid for minimum of a year
    • Computerized salary slips for past 3 months OR most recent Notice of Assessment

    The interest rates applicable on DBS Personal Loans are as follows:

    • DBS Cashline – 19.8 to 25.8% per annum
    • DBS Cashline Balance Transfer – 0% (applied interest rate), 5.06 to 5.27% (effective interest rate)
    • DBS Cashline Instalment Loan – 6.8% (applied interest rate), 12.83 to 15.86% (effective interest rate)

    DBS Cashline Instalment Loan Promotional Interest Rates

    For Cashline customers who have an annual income less than S$ 30,000

    Tenure

    A.I.R

    per annum

    Processing fee

    E.I.R

    per annum

    Monthly instalment amount

    for loan of S$5,000

    12 months 8.5 percent 2 percent 18.85 percent S$453
    24 months 8.8 percent 2 percent 17.81 percent S$245
    36 months 8.8 percent 2 percent 17.03 percent S$176
    48 months 8.8 percent 2 percent 16.47 percent S$141
    60 months 8.8 percent 2 percent 16.03 percent S$120

    For Cashline Customers who have an annual income of at least S$ 30,000

    Tenure

    A.I.R

    per annum

    Processing Fee

    E.I.R

    per annum

    Monthly instalment amount

    for loan of S$5,000

    12 months 6.8 percent 2 percent 15.86 percent S$445
    24 months 6.8 percent 2 percent 14.33 percent S$237
    36 months 6.8 percent 2 percent 13.63 percent S$168
    48 months 6.8 percent 2 percent 13.18 percent S$133
    60 months 6.8 percent 2 percent 12.83 percent S$112

    Promotional Interest Rates with DBS cashline Balance Transfer

    Tenure Six months Twelve months
    Applied rate of interest per annum 0% 0%
    Administration fee 2.50% 4.50%
    Effective rate of interest per annum 5.27% 5.06%

    You can save a lot more with DBS Balance Transfer interest rates, as compared to the rate of interest of 24 percent per annum on the credit cards of other banks.

    For a Balance Transfer amount of S$10,000 Six months Twelve months
    Interest charges S$0 S$0
    One-off administration fee S$250 S$450
    Interest from other banks' credit cards at 24% per annum S$1,200 S$2,400
    Your savings

    S$950

    (79% savings^)

    S$1,950

    (81% savings^)

    Keep an eye out for other promotional interest rates or contact the bank for more information.

    The promotion offers from DBS on its personal loans are extremely beneficial and lucrative for all the DBS customers. With DBS Cashline, you can enjoy interest rates as low as 8.88% per annum for the first year.

    Keep an eye out for more upcoming promotions or contact the bank for information.

    Today DBS in Singapore offers a wide array of banking services like personal banking, corporate banking, treasury and markets, wealth management, security brokerage and equity as well as debt-fund raising services, thus serving a substantial customer base with varying banking needs. Also check for products below:

    1. What are the different personal loan options available by DBS?
    2. DBS offers 6 different personal loan options. They are DBS Cashline, DBS Cashline Balance Transfer, DBS Cashline Credit Limit Review, DBS Cashline Instalment Loan, DBS Cashline Auto Top-up, DBS CashShield Prime.

    3. What loan tenures are available on the DBS personal loan?
    4. One can choose from a loan tenure of one, two, three, four or five years, depending on their ease of repayment.

    5. How can one apply for a DBS Personal Loan?
      • Via the application form on DBS Website
      • With the help of their Customer Service Hotline
      • Via an application submitted in any of the DBS branches
    6. Is a guarantor or collateral needed for applying for a Personal Loan?
    7. No. DBS Personal Loan does not require a guarantor or any collateral for it to be availed.

    8. How much is the maximum loan amount one can avail?
    9. Anyone with a yearly income of at least S$20,000 up to S$ 30,000can apply for an unsecured personal loan amount up to two times (2X) their monthly income, as per the eligibility norms set as per DBS’s discretion.

      Applicants with a minimum of S$30,000 but a maximum of S$120,000 can avail up to 4 times your monthly income in respect of any DBS/POSB Credit Cards and Unsecured Loans Facilities.

    News About DBS Personal Loan

    • DBS Cashline Promotion

      Runtime - This is an ongoing promotion that is valid until June 30, 2016.

      Particulars – Apply online for DBS Cashline within the promotion period and get SGD 20 cash into your Cashline account.

      Terms and Conditions:

        • Approved accounts will receive SGD 20 in their deposit accounts, 60 days after the elapse of the promotion.

        • To be eligible, applicants must submit their applications through iBanking and the online form for Cashline and the application must be approved by July 15, 2016.

        • For further details on this promotion or for more information on the terms and conditions, please contact DBS bank.

    • DBS Launches Online Banker’s Guarantee Application Survive for SMEs

      DBS has launched a new service wherein SMEs (small and medium enterprises) can apply for a banker’s guarantee directly online and it will be delivered straight to their doorstep. DBS has described their service as a “first in Singapore” where SMEs can get an instant indication of bank fees by using an indicative fee calculator online when submitting their online application. The bank is also of the opinion that this service is expected to benefit over 1000 SMEs in a year.

      Although DBS did not get into the pricing details of this service, they did mention that SMEs can expect fee waivers of SGD 100 and free delivery service for the documents until the end of the year (December 31, 2016).

      17th May 2016

    • DBS Examining the Cause of 3-Hour Online Service Disruption

      DBS has launched an internal investigation to determine why its online banking services were down for a period of 3 hours the morning of 23 Dec, 2015. This downtime affected all the transactions that require the customers to provide a One Time password (OTP) generated with the help of their DBS security tokens and these services included paying bills, transferring funds and checking balances of accounts. When the users entered the OTP that was generated with the help of their security tokens, they got an error message which indicated that they had entered the wrong password.

      23rd December 2015

    • DBS Launches PE Access For Its Private Banking Clients

      DBS bank has announced that its private banking wing has launched a program called ‘PE Access’ through which the bank will offer direct investment deals to its ultra-high net worth individuals. This new program offered by DBS bank in Singapore will be available to customers whose net worth is minimum $50 million and for minimum deals for $5 million. PE Access has been tailored to help the high net worth individuals in locating alternative means of investment. It is a unique program and is the first to be introduced by any of the banks in Singapore.

      DBS Bank is one of the largest banks in the world and has assets worth billions of dollars. With the launch of this new program for private banking, the bank aims that improving its private equity funds and encourage high net worth individuals in Singapore to invest their money with the bank. This will help in growing the overall assets of the bank. DBS Bank also aims to improve venture capital and private equity deals in the whole of Asia. The Asian region has seen a lot of economic growth in the recent past and in fact 32 percent of the Gross Domestic Product of the world was generated in this region in 2014. Hence, there is a lot of potential for extending tailor-made banking services to high net worth individuals in this region.

      14th December 2015

    • DBS Bank Named 8th Largest Private Bank in Asia-Pacific

      DBS Bank, one of the top 3 banks in Singapore, has been named as the 8th largest private bank in the Asia-pacific region in terms of assets under management. DBS Bank is even ranked higher than Morgan Stanley in the annual rankings released by the Private Banker International journal. In 2014, the AUM or assets under management of the bank grew by 35 percent on a year-on-year basis. The performance of the bank was better than the performance of some of the top banks in the planet.

      Last year, DBS Bank acquired the Asian private banking arm of Societe Generale and it added immensely to its AUM. Other factors that enhanced its AUM include retention of existing customers, digitization of its banking services and innovation in the field of banking and finance. DBS Bank has been active for 4 decades and today the bank has its operations in countries around the globe. The bank has performed very well over the years.

      At the end of 2014, the total AUM of the bank was a staggering $133 billion. By the end of June, 2015 the AUM of DBS Bank grew by 6 percent to approximately $141 billion. The AUM for investors with high net worth also increased in the same period and stood at around $92 billion at the end of 2014.

      16th October 2015

    • DBS aims to provide paperless banking services

      DBS bank is extending its digital services in Singapore to include retail and corporate customers. It aims on becoming a paperless bank with zero branches. According to Piyush Gupta, the bank’s Chief Executive, the market is ready for such kind of banking and he believes that it is the best way to provide services faster in larger countries like China, India, etc. The bank plans on launching its digital services in India by the end of 2015 or by 2016.

      The bank has been investing a lot of money in developing its core applications and its digital infrastructure. In order to target small and medium level organizations, DBS bank, in August, started an online loan application facility. Using this facility, companies in the Island nation can apply for eleven credit products online, which includes business loans, vehicle financing, etc. The bank also allows its customers to fill loan applications online, which do not need signatures.

      DBS is also developing its mobile application for consumers called ‘PayLah!’ which was launched last year. This application is popular as it also provides services to people who do not have an account with DBS bank. Apart from this, there is DBS Remit which allows people to transfer money to other countries.

      15th October 2015

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