/Personal Loans/POSB Personal Loan Singapore : From 1.48% p.a. (EIR ~3.22%) & Instant Cash

POSB Personal Loan Singapore : From 1.48% p.a. (EIR ~3.22%) & Instant Cash

Updated: 14 Jun 2026

Apply for POSB/DBS Personal Loan in Singapore with headline rates from 1.48% p.a. (EIR ~3.22%), quick approval for DBS/POSB customers, flexible tenures up to 5 years, and cashback rewards via SingSaver.

✅ Fast Approval, Disbursement & Flexible Loan Tenure

Loan
Interest Rate
Monthly Repayment
SingSaver Reward
Trending Reward
Total Cost of Loan
EIR
POSB Personal Loan
From 1.48 %
S$435
S$750
3% Unlimited Cashback (worth S$6,000 w/ S$200,000 loan amount), plus S$900 Bonus Cash
S$666
From 3.22 % p.a.

Quick application for DBS/POSB customers

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POSB Personal Loan

POSB Personal Loan

Promo Code:

SINGSAVER

Interest Rate
From 1.48 %
Monthly Repayment
S$
435
EIR
From 3.22 % p.a.
Processing Fee
0 %
SingSaver Reward up to S$750
Steps to Apply
SingSaver's take
Loan details

Pros

  • Competitive rate from 1.48% p.a. (EIR ~3.22%)

  • 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% of your loan amount)

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

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Why Trust SingSaver

💵 POSB Personal Loan Overview

Key Features

  • Headline rate from 1.48% p.a. (EIR from ~3.22% 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

  1. Visit the POSB Personal Loan page or apply via SingSaver using SingPass MyInfo to auto-fill details 
  2. Choose loan amount, tenure and payout account (must be POSB/DBS for instant disbursement)
  3. Review personalised rate, EIR and estimated instalment
  4. Submit application, existing customers often receive approval & funds instantly; others typically within 1–2 business days 

Interest & Repayment

  • Applied rate from 1.48% p.a., EIR starting at ~3.22% p.a. for 36‑month tenure
  • 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 

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 

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💵 Get up to S$900 cash + 3% cashback on your loan