POSB Personal Loan Singapore : From 1.99% p.a. (EIR ~3.80%) & Instant Cash
Updated: 31 Aug 2025
Apply for POSB/DBS Personal Loan in Singapore with headline rates from 1.99% p.a. (EIR ~3.80%), quick approval for DBS/POSB customers, flexible tenures up to 5 years, and cashback rewards via SingSaver.
⚡ SingSaver SG60 Flash Deal⚡
Apply using the promo code SINGSAVER and get approved for a POSB Personal Loan (minimum loan amount S$10,000, 36-month tenure) to unlock up to S$1,550 worth of cashback!
💰 S$10,000 and above 3% Unlimited Cashback
+ S$50 Bonus Cashback
🎯 How to Qualify
- Offer valid until 31 Dec 2025
- Apply for a POSB 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 POSB personal loan customers.
Get S$20 Extra when you Submit Your Form in Time!
Get an extra S$20 Shopee voucher via WhatsApp when you submit your rewards form within 13 days of your bank application, on top of your selected reward! Valid for DBS, GXS, HSBC, POSB, SCB, Trust Bank, and UOB personal loans.
Why Trust SingSaver
Interest Rate
1.99 %Monthly Repayment
S$ 442EIR
3.80 % p.a.Processing Fee
S$ 0You’ll also receive the following welcome gift(s) directly from the bank:
- Enjoy personalised rates from as low as 1.99% p.a. (EIR 4.17% 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
- 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
Eligibility
Minimum Age: 21 years old
Min. Annual Income: $20,000
Required Documents
1. NRIC (Front & Back)
2. Salaried employees: Latest 9 months’ CPF contribution history statement OR latest 1 year Income Tax Notice of Assessment or latest computerised payslip or salary crediting into DBS/POSB account
3. Self-employed individuals: Latest 1 year Income Tax Notice of Assessment
Key Features
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.
💵 POSB Personal Loan Overview
Key Features
- Headline rate from 1.99% p.a. + 1% processing fee (EIR from ~3.80% p.a.)
- Tenure: 6 to 60 months
- Minimum loan amount: S$500 (max up to 10× monthly salary or S$250,000)
- Instant approval and cash disbursement if you’re DBS/POSB customer via MyInfo/SingPass
- Exclusive SingSaver promo: up to 3% cashback + S$50 for loans ≥ S$10,000 with 36‑month tenure using code SINGSAVER
- Eligibility: Singapore citizens/PRs (≥S$20K annual income); foreigners with existing POSB/DBS Cashline or credit card account
How to Apply
- Visit the POSB Personal Loan page or apply via SingSaver using SingPass MyInfo to auto-fill details
- Choose loan amount, tenure and payout account (must be POSB/DBS for instant disbursement)
- Review personalised rate, EIR and estimated instalment
- Submit application, existing customers often receive approval & funds instantly; others typically within 1–2 business days
Interest & Repayment
- Applied rate from 1.99% p.a., EIR starting at ~3.80% p.a. for 60‑month tenure with 1% fee
- Example: S$10,000 over 60 months → total repayable about S$11,018; monthly ≈ S$184
- Fin repayments via GIRO; minimum payment for Cashline is 2.5% of balance or S$50 whichever higher
Fees & Charges
- Processing Fee: 1% of approved amount (minimum ~S$100) [oai_citation:21‡POSB]
- Late Payment Fee: S$100 per missed instalment on credit-card loan; S$120 on Cashline version
- Early Repayment / Cancellation Fee: S$250 flat fee, no partial repayment allowed
Pros & Cons
✅ Pros
- Competitive rate from 1.99% p.a. (EIR ~4.17%)
- Instant approval & cash disbursement for DBS/POSB customers
- No hidden fees beyond flat processing fee
- Loan up to 10× monthly income (capped)
- Attractive cashback promo via SingSaver (up to 3% + S$50)
❌ Cons
- Processing fee of 1% applies (unlike zero‑fee competitors)
- Early cancellation fee S$250; no partial repayment flexibility
- Best rates reserved for customers with strong credit/income profile
- Foreign applicant eligibility limited unless existing with DBS/POSB Cashline/CC
Other Notable Features
- Product is backed by DBS, Singapore’s largest bank, offering reliability and digital ease
- Loan funds are not restricted. You can use for renovation, travel, debt consolidation, etc.
- Transparent risk‑based pricing published; actual rates shown pre‑approval during application