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    POSB Interest Free Installment Payment Plan

    Credit Card Application

    All the retail purchases that you make using your POSB or DBS credit cards can now be converted to instalment plans. The 0 percent interest instalment payment plan is absolutely interest free and offers great amount of flexibility. The plan is called My Preferred Payment Plan and the minimum spend must be SGD 500 to enjoy the benefits of this plan. You can also choose tenure as per your convenience.

    Key Features and Benefits

    • No interest is applicable on your retail purchases made using POSB or DBS credit cards. However, there a small processing fee that is charged.
    • The instalment payments can be spread out over three, six, twelve, eighteen or twenty four months.

    Fees and Charges

    Table for Effective Interest Rate (EIR)

    My Preferred Payment Plan

    Tenure Effective Interest Rate (EIR)
    3 months 18.18 percent per annum
    6 months 10.43 percent per annum
    12 months 9.50 percent per annum
    18 months 7.86 percent per annum
    24 months 5.98 percent per annum

    Table for Processing Fee

    My Preferred Payment Plan

    Tenure Processing fee (one time only)
    3 months 3 percent
    6 months 3 percent
    12 months 5 percent
    18 months 6 percent
    24 months 6 percent
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