Among the most reputed local banks in Singapore is the DBS Bank. DBS’s financial products are consumer-friendly and convenient. DBS is known for innovative financial products, one of which is the Cashline Instalment Loan. Cashline is a line of credit that will allow you to have access to ready cash whenever you need it. Let us examine the various features, fees and charges, and application procedures of this personal loan.
The following are the key features and advantages of this loan product:
To apply for the DBS Cashline, you need to:
You can apply for the DBS Cashline either online or at a bank branch. When making an online application, you need to submit a fully filled application form and upload the required documents. If you already have a DBS account, you can apply using your iBanking login details. You can even apply through a DBS or POSB ATM using your ATM or debit card and PIN.
When applying offline, ensure that you go to the bank with all the required documents. You can also ask the bank to get in touch with you by leaving your contact details on the website. If the application is approved, a Cashline account will opened in your name and the loan amount will be credited to it within 1 or 2 days.
You need to submit the following documents to the bank to get an approval for your Cashline application:
You can get all the information regarding your Cashline Instalment Loan account and manage it as per your convenience through DBS online or mobile banking. If you link your Cashline account with your savings or current account existing with DBS, the process becomes even easier. Since you don’t need to pay any interest for unutilised money lying in your account, it is a very useful line of credit to have for any kind of emergencies.
No, but you can request for a chequebook through DBS or POSB branches.
Yes, you can.
You will be charged an over limit fee and you will be required to repay the amount you borrowed over your credit limit by the due date next month.
Yes you can. You can also pay using the DBS Digibank app, at AXS or SAM stations, through DBS or POSB ATMs, and via cheque or cash.
Yes, you do. This will help you make convenient cash withdrawals from the account whenever you need it.