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    We found 1 DBS Personal Loan

    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 6.99% p.a. EIR from 13.14% p.a.
    1-5 Years
    What you'll love
    What you need
    What you need to consider
    What it costs

    DBS Personal Loan


    DBS Personal Loan

    DBS is a leading bank in Singapore that offers several personal and business banking solutions. Some of the products and services offered by DBS include investments, cards, insurance, loans, retirement plans, etc. The bank offers excellent personal loans for various purposes.

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

    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

     DBS Bank Personal Loan Minimum Salary

    Minimum income required

     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

     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 loans

    • Low interest rates: DBS offers great personal loans at very low interest rates. These rates are fixed in nature and start from just 6.99% p.a.
    • Reliable customer support: When you have any queries related to your personal loan application or disbursement, you will get prompt assistance from trustworthy representatives at the bank. They will be without you throughout your loan process right from the application process till you complete all your repayments.
    • Simple documentation: While applying for a personal loan, you will have to submit relevant documents for proof. This documentation process is very simple when you choose a DBS personal loan. When you apply for a loan on the bank’s website, you can upload these documents conveniently without having to worry about providing photocopies.
    • Special offers: When you sign up for a DBS personal loan online, you will receive cashback of S$388! The bank also offers a balance transfer programme under the category of personal loans. When you apply for this product online, you will get cashback of S$125.

    Types of DBS personal loans

    Let us take a look at the different types of personal loans offered by DBS:

    1. DBS Personal Loan : You will get this loan at low fixed interest rates from 6.99% p.a. You can pay your loan in monthly installments within 1 to 5 years. With this product, you will typically receive funds of up to 4 times your monthly income.
    2. DBS Debt Consolidation Plan : This product offered by DBS allows you to combine all your debts into one plan. You can repay all your debts conveniently through installments on a monthly basis. The effective interest rates for this product start from 9.8% p.a. Your installment will be reduced from your DBS account by default. This loan is given for up to 8 years.
    3. DBS Balance Transfer : This product enables you to bring together all your outstanding balances from other banks and transfer them to your DBS account. You do not have to pay any interest for 1 year when you go for this product. When you choose the cashline account, you will have to pay only 2.5% or S$50.
    4. DBS Cashline : This is a backup line of credit offered by DBS. When your annual income is S$120,000, you will be able to obtain funds of up to 10 times your monthly income! You will get a free chequebook and a funds transfer facility for getting funds instantly.

    DBS personal loan features and benefits

    These are some of the salient features and benefits of DBS personal loans:

    • Depending on your monthly income, you will get high amounts of funds approved.
    • You can enjoy attractive interest rates for DBS personal loans. The interest rates start from just 6.99% p.a.
    • When you apply for a DBS personal loan, you will get your application status immediately. The approval process is flawless and quick.
    • With a DBS debt consolidation plan, you will be given an extra 5% if you have an unposted interest.
    • The tenure for personal loans ranges from 12 to 60 months. The tenure for debt consolidation plans is up to 8 years.
    • You can repay all types of DBS personal loans in monthly installments.

    DBS personal loan eligibility and documentation

    The eligibility criteria for DBS personal loan are as follows:

    • You will have to be a Singapore citizen or a Singapore Permanent Resident in order to apply for any of the DBS personal loan products.
    • Your age should be between 21 and 65 years old.
    • Your yearly income should be at least S$20,000 p.a.

    Documents required

    You will have to give your NRIC, your most recent computerised payslips or salary crediting into your DBS or POSB account, most recent Income Tax Notice of Assessment, and CPF contribution history statement for 12 months.

    DBS Personal loan Promotions

    • If you apply for DBS Cashline online, you will get S$180 cashback! This offer is valid until May 31, 2017.
    • When you sign up for DBS Personal Loan online, you will receive cashback of S$388. This promotion is valid until June 30, 2017.

    Interest rates and costs of the different DBS personal loans by duration

    DBS Personal Loan

    For an applicant whose annual income is S$20,000 up to less than S$30,000

    The following table is for DBS cashline account holders and credit cardholders:

    Tenure (in months) Effective interest rate (in % p.a.) Processing fee Applied interest rate (in % p.a.)
    12 26.62 4% 11.00
    24 23.26 4% 11.00
    36 21.74 4% 11.00
    48 20.75 4% 11.00
    60 20.01 4% 11.00

    For an applicant whose annual income is a minimum of S$30,000

    The following table is for DBS cashline account holders:

    Tenure (in months) Effective interest rate (in % p.a.) Processing fee Applied interest rate (in % p.a.)
    12 19.70 3% 7.99
    24 17.28 3% 7.99
    36 13.96 2% 6.99
    48 13.50 2% 6.99
    60 13.14 2% 6.99

    DBS Debt Consolidation Plan

    The interest rates for DBS Debt Consolidation Plan start from 9.8% p.a. (effective interest rate).

    DBS Cashline

    Income of applicant Effective interest rate
    S$20,000 up to less than S$30,000 29.8% p.a
    Minimum of S$30,000 19.8% p.a

    DBS Balance Transfer

    The interest rates are as follows:

    Tenure (in months) Effective interest rate (in % p.a.) Processing fee Applied interest rate (in % p.a.)
    6 Cashline 7.52 5.27 [For online application] Credit card 7.61 5.34 [For online application] 4% 11.00
    12 Cashline 7.12% 5.06% [For online application] Credit card 7.32% 5.20% [For online application] 4% 11.00

    DBS EMI calculator

    If you take a personal loan of S$10,000 for 1 year at an interest rate of 7.99% p.a., your equated installment amount for each month will be S$899.92. In this case, the effective interest rate will be 19.70% p.a. The total interest that you will need to pay will be S$799.

    DBS personal loan fees and charges

    These are the fees and charges for DBS Personal Loans:

    Late payment fee S$90 for a Cashline personal loan and S$80 for a Credit Card personal loan
    Finance charge Existing interest rate of 29.8% p.a. or 19.8% p.a. for DBS Cashline loan 25.9% p.a. for DBS Credit Card loan
    Early termination fee S$150

    These are the fees and charges for DBS Debt Consolidation Plan:

    Late payment fee S$90
    Processing fee S$99
    Early termination fee 5% of the unsettled loan amount

    These are the fees and charges for DBS Cashline:

    Late payment fee S$90
    Overlimit fee S$40
    Minimum interest charge S$10
    Minimum monthly repayment Higher of S$50 or 2.5% of unsettled loan amount
    Annual fee S$100 (waived for the first year)

    These are the fees and charges for DBS Balance Transfer:

    Administration fee 6 months 12 months
    Normal application 3.58% p.a. 6.38% p.a.
    Online application 2.5% p.a. 4.5% p.a.

    How to apply for DBS personal loan

    You can apply for a DBS personal loan online or by visiting a DBS branch or by calling the bank’s customer care centre.

    News About DBS Personal Loan

    • How is DBS FHR Home Loan Rate Different from the Other Home Loan Rates?

      DBS offers customers the FHR9 package at a fixed deposit rate of 0.25% p.a. for a period of 9 months. The FHR9 is applicable for amounts ranging between S$1,000 and S$9,999 or any other amount specified by the bank. FHR is referred as a board rate as it is calculated internally.

      Top benefits of DBS FHR9 package:

        • Fixed deposit interest rate is simple to calculate

        • Interest rates are available openly on DBS website

        • You get to enjoy a fixed rate for a specific duration

        • FHR9 is a transparent board rate in comparison to other banks

        • Offers stability with fewer fluctuations

      What makes FHR9 package the most preferred home loan rate?

      The Singapore Interbank Offered Rate (SIBOR) is finalized with the help of minimum 8 banks. It varies on a daily basis. In comparison to SIBOR, the FHR9 is much simpler to determine. Also, the interest details are easily accessible on the bank’s website. SIBOR is more volatile when compared to the FHR9 package.

      06th October 2017

    • Means you can use to pay for big-ticket purchases

      Everyone wishes to make big-ticket purchases. Several electronic gadgets including laptops, home appliances, furniture and high-end smartphones usually cost more than the average. The question of how to effectively pay for these big ticket purchases is often posed. Here are some tips to effectively pay for big-ticket purchases while not feeling too burdened on the cost of the purchase.

      Credit card instalment plans: Several banks offer credit cards that come with the 0% instalment plan feature. Under these plans, no interest is charged on the purchase and the entire cost of the product or service purchased, can be converted into easy monthly repayment options. In the recent past, credit card instalment plans have become quite popular in helping customers make big-ticket purchases.

      A personal loan: While a personal loan for a big-ticket purchase isn’t too recommended, they do work well, as personal loans come with lower annual interests than credit cards. Moreover, most banks give you the option of pre-closing your personal loan, making a personal loan quite a good option to pay for big-ticket purchases.

      Instalment plans offered by the merchant: In many cases, the merchant offers instalment plans to help customers pay for big-ticket purchases. Enquiring about available plans will help deal with these purchases effectively.

      Balance transfers: Balance transfers are another effective way to cope with the financial impact after making a big-ticket purchase. Many banks that offer the balance transfer facility allow for a 6-month or 12-month interest free repayment period. 

      04th October 2017

    • DBS continues to enhance digital practices

      DBS launches a banking integration driven by API along with Xero, an online accounting software company. With this partnership, SMEs (small and medium sized enterprises) can now get their financial information up-to-date without the requirement of entering any manual information or reconciling banking transactions.

      This integration is one-of-a-kind because usually SMEs are usually required to apply to integrate their account by filling forms, a process that can take up to 10 days. Therefore, through this Fintech collaboration, businesses will be better informed with respect to their investment and other business decisions without making errors due to cash flow balances.

      16th August 2017

    • 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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