DBS Personal Loan Singapore : From 1.99% p.a. & Instant Cash (2025)

🎯 How to Qualify

• Offer valid until 31 Dec 2025
• Apply for a DBS Personal Loan with a minimum loan amount of S$10,000 using the promo code SINGSAVER
• Choose a tenure of at least 36 months
• Open to new and existing DBS personal loan customers.

Key Features

• Interest rates from 1.99% p.a. with Effective Interest Rate from ~4.17% p.a. 
• Processing fee ~1% of approved amount (whichever higher between fixed or %)
• 3% unlimited cashback and additional S$50 reward on qualifying loans ≥ S$10,000 with ≥36‑month tenure 
• Borrow up to 4× monthly income (or up to 10× if annual income ≥ S$120,000), subject to ≤95% of your Cashline/credit limit
• Tenure from 6 to 60 months (≤24 months if ≤ S$3,000 loan or foreigners) [oai_citation:7‡DBS Bank]
• Instant approval & cash payout to DBS/POSB account for existing Cashline/credit card holders or salary deposit customers 

How to Apply

1. Log in to digibank mobile with Touch/Face ID or User ID & PIN.
2. Tap “More” → select “Personal Loan” under Cashline Personal Loan section.
3. Enter loan amount and tenure, select payout account (DBS/POSB savings account required).
4. Review personalised rate and fees, then tap “Apply Now” – approval is typically instant and funds disbursed immediately. 

Interest & Repayment

• Advertised interest from 1.99% p.a. and EIR ~4.17% p.a. based on 5‑year term
• Example: S$10,000 over 36 months → total repayment ≈ S$10,360; monthly ≈ S$290–300 (EIR basis) 
• Fixed monthly instalments with GIRO for added convenience

Fees & Charges

• Processing Fee: ~1% or fixed fee, whichever higher (minimum ~S$100) 
• Late Payment Fee: S$100 for credit card‑linked or S$120 for Cashline‑loan defaults 
• Early Repayment / Cancellation Fee: S$250 cancellation charge; foreclosure penalty applies if early settlement before 6 months (up to ~4.5% + GST) 

Pros & Cons

✅ Pros

• Low starting rate and competitive EIR from 4.17% p.a.
• Instant cash payout for existing DBS/POSB customers
• Up to 3% cashback and S$50 bonus on qualifying loans
• Repayment tenure flexibility and high borrowing limits
• Widely accessible to Singaporeans, PRs and foreigners with cashline/credit card accounts

❌ Cons

• Processing fee applies (unlike some competitors with zero fee)
• Effective Interest Rate is higher due to flat-rate interest model
• Early repayment or cancellation penalties if within first 6 months
• Eligibility tied to having DBS/POSB deposit account and credit product

Other Notable Features

• For DBS/POSB customers salary credited via DBS, speed and convenience is unmatched 
• Borrow up to 95% of your Cashline/credit limit—useful if you already hold multiple credit products
• No collateral or guarantor needed; income requirement is S$20k minimum [oai_citation:25‡Singsaver]