POSB Loans Singapore

About Post Office Savings Bank

Post Office Savings Bank, commonly known as POSB, offers consumer banking services in Singapore and it was established in the year 1877. It provides products that are innovative and customisable to meet the changing needs and requirements of the customers. It was acquired by DBS Bank in the year 1998. Currently it offers its services under the banner of DBS. Prior to the acquisition, POSB provided financial services to the people of Singapore at low cost. After the takeover, DBS also promises to continue the tradition to serve the people in the same way as POSB.

History of Post Office Savings Bank

Post Office Savings Bank was established on 1st January, 1877 as a part of the Postal Service department in Singapore. It was located in The General Post Office Building at Raffles Place. Post Office Savings Bank had a glorious past. The bank got its 100,000th depositor in the year 1951 and reached the peak of its business by 1955.

Under the Ministry of Communications, Post Office Savings Bank, also known as POSB Bank, was turned into a statutory body in the year 1972. The bank became a part of the Finance Ministry in 1974. During the same year, Credit POSB Private Limited was formed in order to provide customised loan products to HDB housing ownership.

In the year 1976, Post Office Savings Bank had 1 million depositors. The deposited amount crossed the mark of S$ 1 billion. Passcard was introduced in the year 1980 and the Principal Branch was also set up. The first Cash On Line Automated Teller Machine was installed in the year 1981 at the Newton Branch. The bank's headquarters shifted to Bras Basah Road POSB Bank Centre in 1983. Current Account facilities were established in the year 1984. The amount of total deposits in Post Office Savings Bank crossed the mark of S$ 10 billion in the year 1986.

In the year 1990, Post Office Savings Bank was finally renamed to POSB. The bank was acquired by DBS Bank in November 1998. However, Post Office Savings Bank carries out its financial operations with several branches under its name, especially in the suburban neighbourhoods of Singapore. The merger of the two big banks, POSB and DBS, allowed the customers of both banks to enjoy all the offers provided by the two banks.

Performance History of Post Office Savings Bank

Post Office Savings Bank is one the oldest banks in the world with a great heritage and value associated with its name. It was known to provide financial services to the consumers at a very affordable cost. Later on, it was acquired by another leading bank, DBS. After the acquisition, DBS ensures that it keeps up to the name and value that POSB Bank created for itself. It has several Automated Teller Machines and branches, and continues to serve the people of Singapore, the same way as they did before.

Why choose Post Office Savings Bank?

Post Office Savings Bank has an age old reputation and offers several products that are customisable and innovative. The financial services offered by POSB Bank are tailored to meet the changing needs and requirements of customers. After the takeover by DBS Bank, customers of Post Office Savings Bank can not only enjoy the services offered by POSB Bank, but also, the lucrative financial services offered by DBS Bank.

Loans offered by POSB Bank Singapore

POSB Bank is one of the leading banks across the world and offers innovative and customisable financial solutions for the consumers. The products and services come with a lot of flexibility. The loans offered by POSB Bank come with lucrative rates of interest that can prove to be useful for everyone. May it be buying a new house or getting a new car for your family, POSB loans are always there to help you. There are several situations when you can be in a tight spot financially. If you avail a loan, it will be easier for you to tackle your financial crisis. Suppose, you wish to buy a brand new car but it is difficult for you to shell out the entire purchase cost from your savings. Availing a loan in such a situation would be the right thing to do. The loan offered by POSB Bank come with a myriad of features and benefits. There are different types of POSB Loans.

POSB Home Loan -

Buying a new house is definitely a great achievement for any individual. It is one of the biggest asset on which you are going to invest. But it might be difficult for you to spend the entire cost of buying or constructing a new property from the savings that you have. This is when you should consider going for a home loan offered by POSB Bank. The rates of interest associated with POSB Home Loans are extremely attractive and beneficial for the customers. The bank will provide you with the lump sum cash that you need to purchase the house or property. All you need to do is repay the debt by monthly instalments. Thus, you will not feel any financial pressure at any point. Even if you are planning to renovate your house to give it a new look, you can avail a home loan from this bank. You may choose from a wide range of tenures. There are different types of Home Loans offered by this bank.

POSB Personal Loans -

Personal Loans offered by POSB Bank come with attractive rates of interest along with great benefits and features. You may choose to go for this loan for any of your personal reasons. You can also enjoy fixed rate of interest with the Personal Loan scheme. This will help you to manage your finances in a better way.

POSB Car Loan –

Purchasing a car in today’s world is an absolute necessity. You can travel much faster and easier when you have a car. May it be going to office every day or taking your loved ones out on a picnic, a car will always help you to commute. There are different types of cars that you might be interested in - hatchbacks, sedans, SUVs, sports cars, exotic cars, etc. But the point is, shelling out your entire savings on your car is also not a wise thing to do. You can go for POSB Car Loan which will provide you with the upfront money that you require to get your dream wheels home. The rates of interest on the car loans are lucrative too. You can also choose a tenure as per your convenience.

POSB Education Loan –

At any given point in your life, you might think that you want to pursue higher education. To earn well or to get a good job, higher education is an absolute necessity. But most of these courses in higher education have high fees and charges associated with them. It might be a problem for you to tackle those expenses. POSB offers you loan for education, which will take care of your education related expenses. Your hostel fees, semester charges, library fees, etc. will all be taken care of by the bank through its loan solution.

  • POSB Further Study Assist

POSB Business Loan

All individuals have creative minds. But starting a business with personal funds can be really difficult for any person. So, if tomorrow, you come up with a brilliant idea and wish to start a business of your own, then going for POSB Business Loan can definitely prove to be a good decision. The loan offers great interest rates along with deferred repayment options.

  • MicroCredit Business Scheme

Products and Services offered by Post Office Savings Bank

There are several products and services offered by Post Office Savings Bank which provide a myriad of features and perks that are extremely beneficial for the customers. The list below will help you to understand more about these products and services offered by the bank.

  • Day to Day Banking
    1. Savings account
    2. Fixed Deposit
    3. POSB FDW Account (For Foreigners)
    4. POSB e Savings – SP / EP (For Foreigners)
    5. POSB Payroll Account
  • Cards
    1. Featured Cards
    2. Debit Cards
    3. Credit Cards
    4. Card Services
  • Investment
    1. Regular Savings Plan
    2. Structured Deposits
    3. Cash Upfront Account
    4. Unit Trusts
    5. POSB Invest Saver
    6. Fixed Income
    7. FX and Cash Management
    8. Structured Investments
  • Loans
    1. POSB Loan Assist
    2. POSB HDB Loan
    3. Renovation Loan
    4. POSB Further Study Loan
  • Insurance
    1. Travel Insurance
    2. Car Insurance
    3. Property Insurance
    4. Life Insurance
    5. Savings with Protection

Branches of Post Office Savings Bank

There are several branches of Post Office Savings Bank in Singapore. Branches of DBS Bank can also be used to avail the financial services offered by POSB Bank. Some of the branches of Post Office Savings Bank are listed below.

  • Ang Mo Kio Central Branch
  • Ang Mo Kio North Branch
  • Bedok Central Branch
  • Bedok North Branch
  • Bishan Central Branch
  • Boon Lay Branch
  • Bukit Batok Central Branch
  • Bukit Batok West Branch
  • Bukit Panjang Branch
  • Canberra Branch
  • Clementi Central Branch
  • Collyer Quay Branch
  • Compass Point Branch
  • Eunos Station Branch
  • Heartland Mall Branch
  • Jurong East Central Branch
  • Jurong Point Branch
  • Jurong West Branch
  • Thomson Plaza Branch
  • Tanjong Pagar Branch
  • Tampines West Branch
  • Tampines East Branch
  • Yew Tee Branch
  • Yishun Central Branch
  • Yishun North Branch
  • Yishun West Branch
  • Peninsula Plaza Branch
  • POSB Stellar Mall Branch
  • POSB White Sands Branch
  • Potong Pasir Branch
  • Punggol Plaza Branch
  • Rivervale Plaza Branch
  • Serangoon Central Branch
  • Sims Avenue Branch
  • Square 2 Branch


Post Office Savings Bank won several awards for its dedicated and continuous service towards its customers.

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