DBS Personal Loan Promotions Singapore (2025)

There are several occasions when we might find ourselves in need of some extra funds. Whether for pre-planned events such as a honeymoon, to replace home appliances like refrigerators or air conditioners, or unforeseen emergencies that came out of the blue, we may not always have the savings to cover these costs. 

In such situations, a personal loan can prove highly useful. With lower interest rates than credit cards, fixed monthly repayments and the choice to space out your repayments over several years, personal loans are flexible financial tools that are straightforward and easy to manage. 

The DBS Personal Loan is a popular personal loan that comes with competitive interest rates and convenient loan tenures. And with the promotion now ongoing, borrowers can get even more value when applying for this loan. Here’s an in-depth look at the DBS Personal Loan and what’s on offer in the latest promotion. 

Also read: CIMB Personal Loan Review (2024): Great Perks and Interest Rates for Larger Loans

Apply for a DBS Personal Loan and enjoy up to 3% unlimited cashback on your principal loan amount. Promo period is from 1 April to 31 July 2025. Here are the details:

Approved Loan Amount	Loan Tenure	Cashback
S$10,000 to S$49,999	36 months and above	2% Cashback
S$50,000 and above		3% Cashback

 

Note the following key features of this loan. For more information, refer to DBS’s webpage.

• Interest rate: from 1.99% p.a. + 1 % processing fee (EIR 4.17% p.a.)
• Maximum loan amount:
  • 4x monthly salary (annual income less than S$120,000)
  • 10x monthly salary (annual income S$120,00 or more)
  • Minimum loan amount is S$500
• Loan tenure: 6 months to 5 years
  • For loans less than S$3,000, maximum loan tenure is 2 years
• Other fees and charges:
  • Late payment fee: S$120 
  • Early termination fee: S$250

Applied Interest Rate (AIR)

Also known as the Advertised Interest Rate, the AIR is the interest rate the bank applies to your personal loan. It shows the interest charged on a per annum basis, and is used to calculate how much interest is payable on the loan. .

Effective Interest Rate (EIR)

The Effective Interest Rate reflects the true cost of borrowing, and may be higher than the advertised rate, based on how the loan is calculated. 

If the EIR is higher than the advertised rate (as in the case of the DBS Personal Loan), that indicates the loan is calculated on a flat rate basis. This is when the advertised interest rate is applied throughout the loan period, based on the original loan amount. 

When comparing loans, borrowers should refer to the EIR instead of the AIR for an accurate representation of borrowing costs.

Attractive cashback up to 3%

The up to 3% cashback offered on this loan is a good way to offset the processing fee of 1%, as well as lower your overall cost of borrowing. 

You can withdraw the cashback amount to pay for other needs. But if possible, we recommend putting cashback towards your initial loan repayments, to help you adjust to your new financial obligation. 

Note though that the cashback of up to 3% is only eligible for loans at least S$50,000 and with repayment terms of 3 years or longer. 

Competitive interest rate

DBS Personal Loan is available with an interest rate starting from 1.99% p.a. (EIR 4.17% p.a.), making it a competitively priced personal loan on par with many other banks. 

Of course, this rate is not guaranteed, and you may be offered a higher rate based on your credit score, income profile and other factors. For instance, if your salary is below S$30,000, you may be offered an interest rate of 11.00% p.a. + 4% processing fee (E.I.R. 20.01% p.a.).

Borrow up to 95% of Cashline or credit card limit

While the maximum loan amount is up to 4x your monthly salary for those earning less than S$120,000 per year, and 10x your monthly salary if you earn S$120,000 or more yearly, you may not be able to borrow up to those limits. 

That’s because the DBS Personal Loan has a borrowing cap of 95% of the credit limit granted in your Cashline or credit card account. If you require a larger loan, it might be helpful to request a higher credit limit before applying. 

To apply for this loan, applicants should meet the following requirements:

• Singapore Citizen or Permanent Resident
• Foreigners with existing Cashline and/or Credit Card account
• Age 21 to 70 years old
• Annual income of S$20,000 and above

Additionally, you’ll need to provide the following documents during application: 

• For salaried employees: 
  • NRIC front and back
  • Either one of the following: CPF transaction history (most recent 9 months), latest Notice of Assessment, or latest computerised payslip or DBS salary crediting

• For self-employed persons or variable/commission earners:
  • NRIC front and back
  • CPF transaction history (most recent 9 months)
  • Latest Notice of Assessment

If you have Singpass, you can use Myinfo to submit your income information instead. That would be the most convenient option, but it is limited to Singaporeans only. 

Step 1: Go to the DBS Personal Loan page 

Step 2: Click on the “Apply Now” button

Step 3: Follow the on-screen instructions to complete and submit your loan application

Step 4: Wait for the bank to contact you for next steps

Are you borrowing a personal loan for your short-term and long-term needs? Check out the best personal loans and apply through SingSaver for exclusive offers.