DBS Personal Loan from 1.48% p.a. (EIR ~3.22% p.a.) + Up to S$6,500 Cash

Key features

• Interest rates from 1.48% p.a. with Effective Interest Rate from ~3.22% 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)

• Instant approval & cash payout to DBS/POSB account for existing Cashline/credit card holders or salary deposit customers

Interest & repayment

• Advertised interest from 1.48% p.a. and EIR ~3.22% p.a. based on 3‑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)

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

Eligibility

• Citizenship status: Singaporeans, PRs, and foreigners with existing Cashline and/or credit card accounts

• Age requirement: 21-70 years old

• Minimum annual income: S$20,000

• Documents required:

• NRIC/FIN (front & back)

• Income proof (payslips/NOA) unless you apply with MyInfo or have an existing Cashline and/or credit card account