DBS Personal Loan

Compare DBS personal loan packages against offers from other leading car insurance providers in Singapore

About the provider

DBS is every customer’s way of living more while banking less by making banking invisible, intuitive and easier. Tagged by Euromoney as the World’s Best Digital Bank, DBS worked for three years to master digital banking services to leverage on Big Data and provide seamless banking experience to its customers. 

The company has currently invested $20 million for the transformation of its employees into a digital workforce. 

Why should I choose DBS personal loan?

Here are a few important reasons why you should consider applying for DBS personal loan: 

  • Customers can get up to four times their monthly salary or 10 times more if the annual income is $120,000 and above
  • Enjoy a minimum of 6.99% interest rate per year to a maximum of 26.62% per annum
  • Receive the status of your application immediately and receive cash directly to your account right after approval

What benefits does DBS personal loan provide?

Debt Consolidation Plan

With DBS, you can refinance and consolidate all your loans into one with the following perks: 

  • Interest rates from 4.58% per annum
  • Flexible loan tenure from one year to eight years
  • Clear your debts and reduce your expense on interest rates from other lenders

Reinstatement of Suspended Accounts

Customers can have the chance to reinstate their credit card and suspended unsecured credit facilities due to the reasons below: 

  • The total outstanding balances on all credit facilities do not exceed the borrowing limit for three consecutive months in Singapore
  • At least one of the accounts are past due for 60 days and more

Reinstatement is possible after income and credit bureau checks. It can also be affected by the reduction of aggregate interest-bearing balances or when regular payments are made to settle outstanding dues.

Balance Transfer

With DBS personal loan, customers can get extra cash the smartest way possible with the following features: 

  • Interest savings at 0% rate for a maximum of 12 months
  • Flexible repayment options from $50 to 2.5% or 3% of the statement balance, whichever is higher
  • Financial control – Consolidate all balances on your credit cards into Cashline or POSB/DBS credit card

How do I qualify for DBS personal loan?


  • Singaporean or Permanent Resident
  • 21-65 years old
  • With a minimum annual income of $20,000 and above

Documents required:

For salaried employees: 

  • Copy of NRIC (front and back)
  • Latest 12 months CPF Contribution History Statement
  • Latest Income Tax Notice Assessment, or
  • Latest computerized pay slip or salary crediting into POSB/DBS account

For commission-based employees: 

  • Copy of NRIC (front and back)
  • Latest 12 months’ statement of CPF Contribution History; or
  • Latest Income Tax Notice Assessment

For Self-employed:

  • Copy of NRIC (front and back)
  • Latest Income Tax Notice Assessment

How do I apply for DBS personal loan?

There are two ways to apply for DBS personal loan. 


  • Login to iBanking using your User ID, PIN or the 6-digit iB Secure Pin
  • Select Apply and Personal Loan buttons
  • Enter the Loan Amount and Choose the Loan Tenure preferred
  • Select the credit card account you need to tie up the loan
  • Click Next and submit your application request

Please note that it takes 3-5 working days to process your application. Loan tenure options include 12, 24, 36, 48 and 60 months. POSB charges $150 as an early termination fee.


  • Login to digibank with your User ID and PIN
  • Select the Apply button from the Menu
  • Choose the credit card account to tie up with your loan maintenance
  • Enter the desired loan amount and loan tenure
  • Select Savings or Current Account where the loan can be credited
  • Click Agree to Terms and Conditions then Continue
  • Verify all the information 
  • Click Confirm to submit your application request

What other products does DBS offer?

  • Credit cards – DBS credit cards give every card holder a chance to access exclusive events, free Uber rides and up to $120 on fuel savings 
  • •    Debit cards – DBS debit cards reward you with 5% cash back, 3% voucher rebates and 10% savings at Takashimaya Department Store
  • Car insurance – Get up to $150 cash upon installation of telematics device for free and receive up to $200,000 loan protection benefit in case of accidental death of insured person while driving the insured vehicle
  • Travel insurance – TravellerShield from DBS provides comprehensive coverage including immediate protection for as little as $14.49. Insured travellers can get up to $1,000,000 repayment on emergency medical evacuation. 
Last update on May 14, 2020