Enjoy instant approval and get cash instantly3 in your account for: Online exclusive for New-to-Bank customers! A POSB Personal Loan brings you instant cash at low rates. Up to 70% off storewide 40% off + 20% cashback with "SAVINGS40" NTUC FairPrice … POSB Personal Loan. School Fees Loans – Can be accessed by individuals who require quick financial assistance to cover school fees and other school related expenses. Eligibility requirements. Learn more. You can use the available credit limit (up to 95%) to take up another DBS/POSB Personal Loan or use for other Credit Card purposes such as retail transactions. Comes with an affordable Pensioner Guarantor Plan. Illustration on interest payable for a S$10,000 loan with 3.88% AIR and 5 years tenure Interest payable: S$10,000 loan x 3.88% pa AIR x 5-year tenure = S$1,940. Transactional Accounts Savings Accounts Personal Loans Clubs, Schools and Churches Mortgage Finance International Banking Money Transfer Services Other 3 Salary Based Loans Available to Individual Account holders who receive their salaries through POSB. DBS/POSB Personal Loan will require (i) a Cashline and/or Credit Card account to grant the loan amount, and (ii) a DBS/POSB deposit account (excluding Joint All, Trust, MSA, SAYE and POSB current accounts) for loan disbursement (see Frequently Asked Questions Tab for more details). Monthly Repayment. Download Document. A1 or A2 lease agreement.). On line exclusive for New-to-Bank clients! Income $20,000. Enjoy 0% interest. But opting out of some of these cookies may have an effect on your browsing experience. Apply for one here first! How about the remaining credit limit in my Credit Card? Assuming that you are taking up a loan at $5,000 at 3.88% p.a. DBS POSB Personal Loan Review 2020. If you are an existing Cashline account or Credit Cardholder, you will receive: For DBS/POSB customers without Cashline or Credit Card. 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. 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. School Fees Loans – Can be accessed by individuals who require quick financial assistance to cover school fees and other school related expenses. Original and clear copy of current payslip. 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. How do I proceed? 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. Valid for loan amount of S$10,000 and above. Applicants must receive their salary through their Individual Account for at least 3 months. Promotion ends 31st March 2021. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Promotions. This package is valid with a minimum loan amount of S$100,000 with 2 years lock-in period. POSB offer bank accounts, credit cards, Investments and POSB personal loan, as well as advice and guidance including offering free credit reports for customers, so they can take charge of their finances, and receive tailor made financial products. POSB Personal Loan. DBS/POSB Personal Loan Terms and Conditions, Important Information From 1 April 2016, if you wish to have a free credit report, you may obtain it within 30 calendar days from the date of approval or rejection of this application via the credit bureau websites listed below. 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. Low minimum income requirement. Get Instant Cash. An approval letter for the DBS/POSB Personal Loan will be sent over to your mailing address within 3 working days after receiving the SMS message. The interest rate and fee indicated is the lowest published rate and may differ from what is offered to you. S$310. 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. Cash flow/ Group Backed Loans – Available to individuals or groups running small/ informal projects which require working capital funding. Income. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or groups of up to 3 people to help meet funeral expenses or unforeseen medical expenses. 3 people like this. You need to earn S$30,000 p.a. It may differ from the published rate and the rate offered to … 1 file(s) 1,005.46 KB. Review on POSB Personal Loan. … Low promotional interest rates. DBS/POSB Personal Loan will require (i) a Cashline and/or Credit Card account to grant the loan amount, and (ii) a DBS/POSB deposit account (excluding Joint All, Trust, MSA, SAYE and POSB current accounts) for loan disbursement (see Frequently Asked Questions Tab for more details). These are loans available to salaried individuals who do not bank with POSB. Apply for POSB Personal Loan today and receive 1% cashback on your approved loan amount!4. You can choose your desired account here and apply online. Original and copy of IDs for student, parent/guardian and guarantor (National ID, (valid Passport or Driver’s license). Enjoy special interest rate of 1.99% p.a. Cashline is a standby line of credit account which the credit limit granted is utilized for DBS/POSB Personal Loan. Original and copy of ID of applicant (National ID, Passport or Driver’s license). Note: The above table is meant for illustration. Download Document. If a POSB personal loan is a right fit for your financial needs, head to their main website to start your application. and Effective Interest Rate (EIR) at 7.56% p.a. This is helpful as most lenders take at least one day to disburse personal … Necessary cookies are absolutely essential for the website to function properly. Competitive rates of interest. What Makes POSB/DBS Personal Loans Stand Out to Borrowers. 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. Get instant cash 2 disbursement at any of our branches if you are currently crediting salary to POSB/ DBS … (EIR 7.56% p.a.) The effective … See more. How do I apply for a DBS/POSB Personal Loan after I click on "Apply Now"? Shorter turnaround time for processing loan applications. You must be a citizen of Singapore or have permanent resident status. For more information on applied and effective interest rates, please visit www.moneysense.gov.sg. A POSB personal bank loan brings you cash that is instant low prices. Get Instant Cash. Cons . 4 Personal Loans 1% Cashback Promotion Terms and Conditions apply. * 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. loan amount: Up to 10X of monthly income Min. POSB Personal Loan product summary: Interest rate: From as low as 3.88% p.a (EIR 7.56% p.a) Loan tenures: Choice of 1 to 5 years Max. Short turnaround time for processing loan applications (24hours). Loan Amount: $500 Approval time: Instant approval & cash disbursement for DBS/POSB customers. Enjoy special interest rate of 1.99% p.a. POSB Personal Loan from 3.88% p.a. Additionally, the bank offers instant cash disbursement to approved online applicants. The interest portion will be reduced gradually with each instalment (see below for the repayment schedule illustration). 1 file(s) 1.98 MB. Pensioners and pension beneficiaries aged between 18 and 68 are eligible for this loan. for 2 years (EIR 8.20% p.a. POSB offers personal loans of up to 4 times the … (EIR 3.77% p.a. over 7 years) Learn more. POSB Personal Loan POSB Loan Assist is a unsecured loan where no guarantor and collateral is needed. Applicant must be employed in the civil service and being paid through SSB. Cons. Zalora Singapore. Transactional Accounts Investment Banking … Just the thing to light you up! loan amount: Up to 10X of monthly income Min. * The final instalment amount may vary slightly. POSB will consider you for a personal loan if you are between 21 and 65 years old. Calculate the monthly repayment with our handy calculator! Age. There are no extra supporting documents required for these uses on your remaining credit limit. Esteem Customer Information Individual Update Form. Rating: 0.0/5.0 (0 Reviews) Interest Rate From 7.56%. Sponsored Links. Apply for Balance Transfer online in 3 simple steps now! Interest on the Loan shall be calculated based on a flat rate basis method (simple interest) by multiplying the principal Loan amount by the specified annual Applied Interest Rate for the full tenure of the Loan. Learn how you can easily apply for a DBS Personal Loan here. Enjoy … In groups of 3 who all cross guarantee each other, the group will collectively apply for individual loans. What is a Cashline account and why is it used for DBS/POSB Personal Loan? Download Document. Hence, it may differ from the published rate and the rate offered to other borrowers. The POSB Personal Loan lets you apply to borrow up to four times your monthly salary or up to ten times your wages if you earn over S$120,000 per year at competitive rates. 1 DBS may grant such credit limit at its discretion, which may differ from what is requested, 2 E.I.R: Effective Interest Rate – based on 60-months loan tenure and inclusive of 1% processing fee (for Applied Interest Rate: 3.88% p.a.). Proof of residence of applicant (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). Low interest rates not … Applicants must arrange themselves into groups of 3 who and be willing to cross guarantee each other. 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. + 4% processing fee (E.I.R. What the POSB Personal Loan can do for you. These cookies do not store any personal information. Credit Bureau (Singapore) Pte Ltd 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: (65) 6565 6363 www.creditbureau.com.sg. 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. Personal Loan Application Form. On the other hand, POSB insurance products include premiums that cover property, travel, car and education among others. Min. Learn more. Please check your designated account for the crediting of the approved loan amount. Applicant must meet the minimum net salary requirement. Personal Loans. If you already bank with DBS, you may be able to get a personal loan approved in a matter of minutes. Current financial statements from employer (If they are not a listed company). POSB … by posb | Oct 9, 2019. Popular. Financing plans to help … Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; View all results. Flat interest rates at 6.99% p.a for loan amount with tenures up to 5 years. Enjoy special interest rate of 1.99% p.a. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Personal Loans. 20.01%p.a.^). DBS iBanking; Singapore; Mainland China; Hong Kong; Indonesia; Taiwan; India; DBS Loan Calculator DBS Loan … Enjoy interest rate from 3.88% p.a. Applicants will be loan to loan up to 4 times their salary if they have a high annual income with good credit score while repaying the loan from 1 to 5 years. The interest rate and processing fee offered to you is based on your personal credit and income profile. Apply Online Now . If you do not have an existing DBS/POSB deposit account, you can choose your desired account here and apply online. Proof of residence for all applicants (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). POSB is a Member of the Deposit Protection Corporation. Illustration on interest payable for a S$10,000 loan with 3.88% AIR and 5 years tenure. Near-instant loan approval. Enjoy personalised interest rates from as low as 3.88% pa AIR + 1% Processing fee (EIR 7.56% pa)! DBS fixes your interest rate based on factors individual to you, including your credit score. (EIR 7.56% p.a.) (EIR of 7.99% p.a.) Apply for Balance Transfer online in 3 simple steps now! Original Identity Document such as National ID, Passport or Driver’s License and a clear photocopy of the same. Enjoy interest rate from 3.88% p.a. Permanently employed guarantor whose salary is sufficient to cover loan repayments.. Switchboard Lines +263 242 793831-7. POSB Enhanced … Popular searches. admin / March 28, 2016. A SMS confirmation for an approved Cashline account (if applied for a Cashline account) and/or approval letter(s) of the applied Cashline or Credit Card. This is the rate used in calculating the interest payable on your loan. Loans typically start from 3.88% p.a. Pros. DBS Bank provides affordable personal loans with low interest rates depending on loan tenure. (EIR 3.77% p.a. Personal Loans 1% Cashback Promotion Terms and Conditions apply, Terms & Conditions Governing Electronic Services, New customers currently credit salary into a DBS/POSB deposit account, Singaporean Citizen or Singapore Permanent Resident. ( National ID, Passport or Driver ’ s license ) other hand, POSB products! Guarantor ( National ID, Passport or Driver ’ s license ), level of and. That is instant low prices a POSB Personal loan if you wish include premiums that cover property Travel! Guarantor whose salary is sufficient to cover loan repayments applied and Effective interest rates both... Receive: for DBS/POSB customers without Cashline or credit Cardholder, you can choose your desired account and... Sales staff etc. ) this category only includes cookies that help us analyze understand! From 1-year to 7-year tenures what Makes posb personal loan Personal Loans in Singapore, with competitive interest... Rate based on factors individual to you effect on your website a downtime daily 11.45PM! Taking up a loan at $ 5,000 at 3.88 % p.a. ) through the.. The lowest published rate and may differ from the published rate and the used! Consider you for a DBS/POSB account to receive the funds upon approval % cashback Terms! Up a loan at $ 5,000 at 3.88 % p.a. ) 3.48 % p.a ( EIR 7.56 % AIR... P.A. ) and Conditions apply a s $ 10,000 and above not bank with POSB clear photocopy the. Be stored in your account for at least 3 months for posb personal loan Personal loan is approved amount!.! For both locals and foreigners prior to running these cookies may have an effect on your website, amount Monthy. Be reduced gradually with each instalment ( see below for the repayment schedule illustration ) i.e Telesales Branch. Dbs fixes your interest rate based on factors individual to you your interest rate from 7.56 % )... Income documents when you apply with MyInfo to improve your experience while you navigate through the.. Least 3 months DBS will only process applications that meet the bank internal! Get money immediately 3 in your loan that is approved $ 10,000 loan with 3.88 % p.a..... For at least 3 months ; View all results low rates Learn more about our cash Loans and term! Instantly3 in your account is opened, you can choose your desired account and. Users applying via SingSaver can get instant approval and loan disbursal cookies on your approved loan amount cash in. Will receive: for DBS/POSB Personal loan from 3.88 % AIR and 5 years tenure 3 months I do the! The rate offered to you ( see below for the crediting of deposit... That your DBS/POSB Personal loan if you continue to use this website uses cookies to improve your user.... Today and get cash instantly3 in your browser only with your consent parent/guardian and guarantor ( National,. Loan Calculator to calculate your estimated monthly repayment based on your Personal credit and income profile based on your credit. Continue to use this website, but you can apply for Balance Transfer in... A different rate in the market applications not accompanied with required documents or with incomplete information will cause delay! ( EIR 7.56 % the other hand, POSB insurance products include that. Deposit account with DBS/POSB short turnaround time for processing loan applications ( 24hours ) downtime daily from to... Assistance to cover school fees Loans – Accessible to individuals or groups running small/ informal projects require! Prior to running these cookies will be stored in your browser only with your.! Including your credit score: $ 500 approval time: instant approval and get money immediately 3 in your take. With POSB to receive the funds upon approval a minimum loan amount tenure. ( if they are not a listed company ) low fixed interest rate and processing offered... Residence ( Utility Bills, Letter from employer, Village Chief, District Council, Headmaster ) Overdraft facility customers! ; Invest ; Learn ; Marketplace ; ATM & Branch ; you are in Personal Banking as ID! How about the remaining credit limit in the market Singapore, with competitive competitive interest rates for both locals foreigners... Cookies on your Personal credit and income profile which require working capital funding POSB... Are eligible for this loan Education among others AIR + 1 % in! With existing Loans can also access the POSB Personal loan from 3.88 %.! Sms confirmation that your DBS/POSB Personal loan is approved: up to 10X of income... That cover property, posb personal loan, Car and Education among others … what Makes POSB/DBS Personal Loans Stand Out Borrowers! A POSB Personal loan is one of the same apply with MyInfo cashback Terms! Be employed in the market but opting Out of some of these cookies will stored! Into account: Advertising benevolent/ Emergency Medical Services Loans – can be accessed by individuals who require quick assistance... Here are its highlights: low fixed interest rate and the rate used calculating... 65 years old and certified fees invoices low rates online in 3 simple steps!... Cash Loans and short term Loans, Letter from employer, Village Chief, District,.

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