DBS Personal Loan
Updated: 7 Oct 2025
- Enjoy personalised rates from as low as 1.99% p.a. (EIR 3.80% p.a.)
- Borrow up to 4x your monthly salary if you earn less than S$120,000 annually, or up to 10x if you earn more than S$120,000 annually
- Min. loan amount of S$500
- Tenure: 6 months to 5 years
- Min. income for Singaporeans/PRs: S$20,000 p.a.
- Apply via SingSaver and get your loan approved and disbursed instantly into your DBS/POSB account
- 1.99% p.a. loan rates only applicable for loan tenure of 36 months and above. Also for selected customers only.
- Processing fee: From 1% of the approved loan amount
- Early repayment fee: S$250
- Late payment fee: S$100 for personal loan on DBS/POSB credit card, S$120 for personal loan on DBS/POSB Cashline
1. NRIC (Front & Back)
2. CPF contribution history statement (latest 12 months)
3. Latest 1 year Income Tax Notice of Assessment (NOA)
4. Latest computerised payslip or salary crediting into a DBS/POSB account
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
Loan details
Key features
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Interest rates from 1.99% p.a. with Effective Interest Rate from ~4.17% p.a.
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Processing fee ~1% of approved amount (whichever higher between fixed or %)
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3% unlimited cashback and additional S$50 reward on qualifying loans ≥ S$10,000 with ≥36‑month tenure
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Borrow up to 4× monthly income (or up to 10× if annual income ≥ S$120,000), subject to ≤95% of your Cashline/credit limit
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Tenure from 6 to 60 months (≤24 months if ≤ S$3,000 loan or foreigners)
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Instant approval & cash payout to DBS/POSB account for existing Cashline/credit card holders or salary deposit customers
Interest & repayment
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Advertised interest from 1.99% p.a. and EIR ~4.17% p.a. based on 5‑year term
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Example: S$10,000 over 36 months → total repayment ≈ S$10,360; monthly ≈ S$290–300 (EIR basis)
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Fixed monthly instalments with GIRO for added convenience
Fees & charges
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Processing fee: ~1% or fixed fee, whichever higher (minimum ~S$100)
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Late payment fee: S$100 for credit card‑linked or S$120 for Cashline‑loan defaults
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Early repayment / Cancellation fee: S$250 cancellation charge; foreclosure penalty applies if early settlement before 6 months (up to ~4.5% + GST)
Other notable features
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For DBS/POSB customers salary credited via DBS, speed and convenience is unmatched
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Borrow up to 95% of your Cashline/credit limit—useful if you already hold multiple credit products
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No collateral or guarantor needed; income requirement is S$20k minimum
Repayment summary
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Principal loan amount: S$10,000
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Loan tenure: 1 year
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Interest rate: 1.99% p.a.
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EIR: 5.47% p.a.
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Total interest payable: S$299
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Total amount payable: S$10,299
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Monthly instalment: S$849.92
Eligibility
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Citizenship status: Singaporeans, PRs, and foreigners with existing Cashline and/or credit card accounts
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Age requirement: 21-70 years old
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Minimum annual income: S$20,000
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Documents required:
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NRIC/FIN (front & back)
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Income proof (payslips/NOA) unless you apply with MyInfo or have an existing Cashline and/or credit card account
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
How to apply for the DBS Personal Loan
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Click the “Apply Now” button on this page
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Log in to digibank mobile with Touch/Face ID or User ID & PIN.
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Tap “More” → select “Personal Loan” under Cashline Personal Loan section.
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Enter loan amount and tenure, select payout account (DBS/POSB savings account required).
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Review personalised rate and fees, then tap “Apply Now” – approval is typically instant and funds disbursed immediately.
- Receive your rewards via Singsaver within 4-12 weeks
Frequently Asked Questions about the DBS Personal Loan
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Citizenship status: Singaporeans, PRs, and foreigners with existing Cashline and/or credit card accounts
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Age requirement: 21-70 years old
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Minimum annual income: S$20,000
The DBS Personal Loan interest rate can go as low as 1.99% p.a., with an Effective Interest Rate (EIR) starting from 4.17% p.a. A 1% processing fee also applies.
Actual rates offered will depend on your profile, loan amount, and tenure — but the advertised headline rate is the lowest you could qualify for.
To qualify for a DBS Personal Loan in Singapore, you must meet the following criteria:
Generally, no —10% p.a. is considered relatively high in today’s Singapore market. Most competitive bank loan offerings range between 1.8% to around 3–4% p.a..
Your DBS personal loan application may be declined if the requested amount is too high for your income, your existing unsecured debts exceed 12x your monthly income, or your credit history is weak. Other common reasons include unstable employment, low income, or not meeting basic eligibility criteria such as age, nationality, or account requirements.