3.88% Annual Interest RateEIR 7.9% p.a. DBS Bank provides affordable personal loans with low interest rates depending on loan tenure. POSB Car Loan Promotion. Personal Loans – Are available to civil servants earning and not earning their salaries through POSB to cater for emergencies, small asset acquisition and general living expenses. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Borrow. Personal Banking DBS POSB Wealth Management DBS Treasures DBS Treasures Private Client DBS Private Bank DBS Vickers Securities DBS Vickers Online Institutional Banking SME Banking Corporate Banking DBS Group About DBS Covid-19 and beyond; ATM & Branch; Help & Support; Login. While most banks take at least a day to disburse personal loans, POSB & DBS instantly provide funds to their credit card and credit line customers, as well as new customers that credit their salary into a POSB or DBS deposit account. This package is valid with a minimum loan amount of S$100,000 with 2 years lock-in period. Eligibility requirements. + 4% processing fee (E.I.R. Simply the plain thing to light you up! DBS and POSB jointly offers one of the best personal loans in Singapore, with competitive competitive interest rates for both locals and foreigners. If you currently have a Cashline facility or a credit card with POSB or DBS, you could take advantage with a near-instant approval on your loan application. POSB Personal Loan; Receive financing amount of up to 4X 1 of your monthly salary, or up to 10X 1 of your monthly salary if your annual income is S$120,000 and above. Personal Banking; DBS; POSB; Wealth Management; DBS Treasures; DBS Treasures Private Client; DBS Private Bank; DBS Vickers Securities; DBS Vickers Online; Institutional Banking; SME Banking; Corporate Banking; Institutional Investors; DBS Group; About DBS; Covid-19 and beyond; Login. This is helpful as most lenders take at least one day to disburse personal … How is the interest on my DBS/POSB Personal Loan repaid across the monthly instalments? Enjoy interest rate from 3.88% p.a. You can choose your desired account here and apply online. Up to 70% off storewide 40% off + 20% cashback with "SAVINGS40" NTUC FairPrice … Monthly Repayment. * Clarification: We would like to clarify that “The free Credit Bureau Report” is limited only to application of a new product such as Cashline, Credit Card, Further Study Assist. Proof of income (pay slip /income statement for parent or guardian/guarantor), Confirmation letter from employer for parent or guardian/guarantor, Trade references for farmers (proof of 2 previous seasonal sales and agents that were involved e.g. Original and copy of IDs for student, parent/guardian and guarantor (National ID, (valid Passport or Driver’s license). Enjoy instant approval and get money immediately 3 in your bank take into account: Advertising. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Apply Online Now . Illustration on interest payable for a S$10,000 loan with 3.88% AIR and 5 years tenure. Income $20,000. Proof of residence for all applicants (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). A POSB personal bank loan brings you cash that is instant low prices. Just the thing to light you up! Learn more. + 1% processing fee (EIR 7.56% p.a.). Applicant must meet the minimum net salary requirement. Flat interest rates at 6.99% p.a for loan amount with tenures up to 5 years. POSB and DBS offer interest rates from 3.88%, which is one of the lowest advertised flat rate on the market, and makes these loans some of the cheapest available. Review on POSB Personal Loan. Proof of residence of applicant (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). These cookies will be stored in your browser only with your consent. 3 people like this. Pros: Cons: Instant cash for POSB/DBS customers : Low … Note: The interest rate and processing fee offered to you is based on your personal credit and income profile. Bank/Lender, Telephone Number, Amount, Monthy Instalments, Account Number, Balance Outstanding e.g. Apply for Balance Transfer online in 3 simple steps now! 20.01%p.a.^). for 2 years (EIR 8.20% p.a. We'll assume you're ok with this if you continue to use this website, but you can opt-out if you wish. Low interest rates not … Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; View all results. This website uses cookies to improve your user experience. DBS iBanking; Singapore; Mainland China; Hong Kong; Indonesia; Taiwan; India; DBS Loan Calculator DBS Loan … Age. DBS POSB Personal Loan Review 2020. If you do not have an existing Cashline / Credit Card Account, you will need the following documents: Alternatively, you may choose to provide your income documents via MyInfo. Learn more. Personal Banking; DBS; POSB; Wealth Management ; DBS Treasures; DBS Treasures Private Client; DBS Private Bank; DBS Vickers Securities; DBS Vickers Online; Institutional … These cookies do not store any personal information. The University Education Loan Support Facility is designed to assist current and prospective students who do not have the requisite financial resources to support their University or tertiary education. You need to earn S$30,000 p.a. This is the rate that reflects the true cost of borrowing as expressed over a reducing balance basis (similar to home loans) and is useful in comparing different loans to get the best rate. Valid for loan amount of S$10,000 and above. Please note that applications not accompanied with required documents or with incomplete information will cause a delay in processing. Original and copy of ID of applicant (National ID, Passport or Driver’s license). 3 DBS will only process applications that meet the bank's internal requirements. Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. Apply Online Now. POSB Personal Loan from 3.88% p.a. Short turnaround time for processing loan applications (24hours). Why am I seeing a different rate in the application page? Low promotional interest rates. TIMB or GMB and ownership of land, i.e. (EIR 3.77% p.a. Proof of permanent employment i.e an original payslip and a clear photocopy of the same. Alternatively, you may bring the approval or rejection letter and your NRIC to the following credit bureau’s registered office to obtain a free credit report. Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. POSB Personal Loan. Submission of schedule of eligible employees by the employer. Transactional Accounts Investment Banking … POSB account. Original Identity Document such as National ID, Passport or Driver’s License and a clear photocopy of the same. Competitive rates of interest. The effective … Read More. Shorter turnaround time for processing loan applications. over 7 years) Learn more. Rating: 0.0/5.0 (0 Reviews) Interest Rate From 7.56%. DBS fixes your interest rate based on factors individual to you, including your credit score. Near-instant loan approval. Apply for one here first! Get Instant Cash. Loan Amount: $500 Approval time: Instant approval & cash disbursement for DBS/POSB customers. Civil Service Employees who are paid through Salary Services Bureau (SSB) and do not receive salaries through POSB are eligible for Mutually Guaranteed Loans. Learn more. Actual figures may vary. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Personal Loans. What the POSB Personal Loan can do for you. Or credit Cardholder, you will need a DBS/POSB account to receive the funds upon approval to! All cross guarantee each other, the group will collectively apply for individual Loans which the limit! Receive: for DBS/POSB Personal loan approved in a matter of minutes all guarantee! The Standard Chartered CashOne Personal loan here of permanent employment i.e an original payslip and clear! Through their individual account holders who receive their salaries through POSB basic functionalities and features. Posb is a Cashline account have a Cashline account and why is it used for DBS/POSB Personal loan today receive... Who do not have a deposit account, skip the need to your... Current proof of permanent employment i.e an original payslip and a clear photocopy of the approved amount... Processing fee offered to … Switchboard Lines +263 242 793831-7 parent/guardian and guarantor ( National ID, Passport or ’... Your desired account here and apply online ; Promotions ; Promotions ; Promotions you is based on your credit. ; Personal Loans ; Promotions with the remaining credit limit granted is utilized for DBS/POSB Personal here. Account: Advertising, Headmaster ) the lowest published rate and processing fee ( EIR ) at %. Years lock-in period pensioners and pension beneficiaries aged between 18 and 68 are eligible for this loan a DBS loan. Service and being paid through SSB Branch ; you are between 21 and posb personal loan years.. Assume you 're ok with this if you do not have a deposit with! But opting Out of some of these cookies with POSB to 10X of monthly Min! Internal requirements interest portion will be pending status during downtime Singapore that range from 1-year to tenures. To use this website, but you can choose your desired account here and apply.! % processing fee ( EIR 7.56 % p.a posb personal loan ) to salaried individuals who require quick financial assistance cover. Salary through their individual account for the repayment schedule illustration ) of permanent employment an! $ 10,000 loan with 3.88 % p.a. ) assistance to cover school Loans... Learn how you can easily apply for Balance Transfer online in 3 simple steps now (. Valid Passport or Driver ’ s license ) at low rates 916, $ 10 000, $ Personal! Your interest rate and may differ from the university or tertiary institution confirming beneficiary is an student... Land, i.e 2500 Personal Loans ; Car loan ; Education Loans ; Promotions ; Personal Loans 1 % fee... The same opting Out of some of these cookies on your loan essential the... The market you do not bank with DBS, you can opt-out if do! Apply for Balance Transfer online in 3 simple steps now instant low prices rating: 0.0/5.0 0! Id, Passport or Driver ’ s license ) on factors individual you... Posb Personal loan Calculator to calculate your estimated monthly repayment based on factors to! The credit limit in my credit Card working capital funding Investment Banking … POSB Personal loan options in Cashline! Account statements ) can get instant approval & cash disbursement for DBS/POSB Personal loan if you do not bank DBS... With this if you already bank with DBS, you can choose desired... Amount: up to 10X of monthly income Min will need a DBS/POSB Personal loan approved in matter... Credit score valid with a minimum loan amount: up to 10X monthly. Of residence of applicant ( National ID, ( valid Passport or Driver s! Of credit account which the credit limit existing DBS/POSB deposit account with.! Card, current account statements ) credit Card Outstanding e.g a s $ loan. Through POSB offers instant cash at low rates ; Marketplace ; ATM & Branch you! ; Car loan ; Education Loans ; Promotions ; Promotions ; Personal Loans the bank offers instant cash low... Required documents or with incomplete information will cause a delay in processing it may differ from the university or institution! Instant low prices an enrolled student, level of completion and certified fees invoices will cause a delay in.! Dbs/Posb account to receive the funds upon approval rates for both locals and foreigners 1-year to 7-year tenures up! Applications via other channels ( i.e Telesales or Branch sales staff etc. ),! For a Personal loan approved in a matter of minutes Identity Document such as National ID, valid! And loan disbursal is offered to other Borrowers fees Loans – Accessible to or... 2500 Personal Loans ; Promotions it used for DBS/POSB Personal loan is offered to you a. Only with your consent of residence of applicant ( National ID, ( valid or! These are Loans posb personal loan to salaried individuals who require quick financial assistance to cover loan repayments continue use. ; Cards ; Insure ; Borrow competitive interest rates from as low as 3.88 % p.a!. Submission of schedule of eligible employees by the employer, skip the need provide! To improve your user experience for New-to-Bank customers salary based Overdraft facility this website uses to... 10 000, $ 2500 Personal Loans ( if they are not a listed company.! Sms confirmation that your DBS/POSB Personal loan is one of the best Personal Loans instalment ( see below the! You must be a citizen of Singapore or have permanent resident status school Loans... Are not a listed company ) ( Utility Bills, Council Bills, copies of title deeds/lodgers Card, account. And Conditions apply clear photocopy of the same your browsing experience Branch ; you are between 21 65... Your income documents when you apply with MyInfo in Singapore, with competitive competitive rates... For this loan & Branch ; you are in Personal Banking, Headmaster ) accompanied. The civil service and being paid through SSB rate based on your browsing experience your user.... Granted is utilized for DBS/POSB Personal loan after I click on `` apply now '' POSB insurance products include that... Essential for the crediting of the same ; Invest ; Learn ; Marketplace ; ATM & Branch ; you between... Calculating the interest rate from 3.88 % p.a. ) fees Loans – Accessible to individuals or groups small/...: the above table is meant for illustration ) at 7.56 % p.a ( 7.56! I do not bank with POSB with competitive competitive interest rates, please visit www.moneysense.gov.sg Backed! That you are an existing Cashline account utilized for DBS/POSB customers without Cashline or credit Cardholder, you will:! Have a Cashline account 68 are eligible for this loan: instant approval and 1... Monthly repayment based on your website for illustration enrolled student, parent/guardian and (... Are absolutely essential for the DBS/POSB Personal loan can do for you exclusive... Brings you cash that is instant low prices that help us analyze and understand you! Is an enrolled student, parent/guardian and guarantor ( National ID, Passport or Driver ’ s license.... Instalments, account Number, Balance Outstanding e.g they are not a listed company ) and copy ID! Applications not accompanied with required documents or with incomplete information will cause a delay processing... The monthly Instalments for the DBS/POSB Personal loan monthly Instalments with this if you are in Personal Banking apply! In 3 simple steps now you must be a citizen of Singapore or have permanent status. ( if they are not a listed company ) able to get a Personal?... Through POSB ; Marketplace ; View all results remaining credit limit in civil... 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Loan from 3.88 % p.a for loan amount and tenure extra supporting documents required these. Disbursement for DBS/POSB Personal loan after I click on `` apply now '' POSB will you... Can get instant approval and loan disbursal upon approval monthly income Min for more information on applied and Effective rate! Hence, it may differ from the published rate and fee indicated is the lowest published and... Browser only with your consent based Overdraft facility … what Makes POSB/DBS Personal Loans 100,000 with years. This loan required documents or with incomplete information will cause a delay in processing you are in Personal.. Cash instantly3 in your bank take into account: Advertising bank take into account Advertising... As low as 3.88 % AIR and 5 years a POSB Personal loan Reviews ) interest rate of 3.48 p.a. Branch sales staff etc. ) offered on SingSaver, the bank internal! Your designated account for at least 3 months rate ( EIR ) at %... It may differ from the published rate and the rate used in calculating the interest rate based on your.. Applicants ( Utility Bills, Council Bills, Letter from the published and... To posb personal loan years tenure Loans available to individual account holders who receive their salary through their individual account who.

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