The Development Bank of Singapore, popularly known as DBS bank is one of the largest banks in Singapore today. It is also one of the leadings banks here. It was established in the year 1968 on the island. In the year 1998, DBS bank acquired POSB (Post Office Savings Bank) in a deal that was worth SGD 1.6 billion and took over full control of the bank. Before the acquisition, POSB was known to provide financial solutions to its customers at low costs when compared to other banks and financial institutions. After the acquisition, POSB provides its services under the DBS banner. However, DBS has promised that POSB will continue to serve its customers in the same way the bank did before the merger as well. DBS bank has gained a customer base of more than billion after the acquisition. The merger of the two banks has helped the customers to use the services offered by both the banks. DBS bank is spread across 18 markets in Asia alone and its presence is felt all across the globe. The operations of the bank is rooted in Greater China, Southeast Asia and South Asia. DBS offers an array of financial services and banking products that include home loans, personal loans, deposits, savings accounts, credit and debit cards, Expatriate programmes and many more.
Don’t wait to buy your dream home just because you are yet to receive the sales proceeds from selling your existing home. As it is, dreams don’t often find a way to turn into reality. Through the DBS Bridging Loan, you can fund the down payment of your new property while still waiting to receive the complete settlement amount from selling your existing property.
You can apply for the DBS Bridging Loan through contacting the bank in the following ways –
Through the DBS Bridging Loan, you can fund the down payment of your new property or dream home while you are still waiting to receive the sales proceeds from selling your current property.
DBS offers flexible repayment tenures for the DBS Bridging Loan that suit the financial needs and requirements of any customer. You can choose a repayment period for this loan up to 6 months.
DBS bank understands the financial needs of its customers. Therefore, the DBS Bridging Loan requires you to repay the principal amount borrowed only after receiving the sales proceeds from selling your existing property.
No. The DBS Bridging Loan comes along with the DBS Home Loan package itself so that you can move ahead with the purchase of your new property while still waiting on the sale proceeds from your existing property as DBS will ease your cash flow.
You can apply for the DBS Bridging Loan by filling the details on the Contact Me form that is available on the official DBS Singapore website after which a Home Specialist will then contact you and take the process forward. You can also contact DBS bank via telephone with the number that is available on the official DBS Singapore website. The phone line is open for contact from 9 AM and up to 5 PM from Monday to Friday and from 9 AM and up to 12 30 PM on Saturday. Lastly, you can walk into your nearest DBS bank and branch and apply for the DBS Bridging Loan directly in person.