This website uses cookies to improve your experience while you navigate through the website. if your annual income is below $30,000 and you are eligible for the loan, you will be offered a rate of 11.00%p.a. What the POSB Personal Loan can do for you. These cookies will be stored in your browser only with your consent. Submission of schedule of eligible employees by the employer. How do I apply for a DBS/POSB Personal Loan after I click on "Apply Now"? Enjoy special interest rate of 1.99% p.a. will not be considered. Proof of residence of applicant (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). Mortgage Application Form. (National ID, Passport or Driver’s license). You can do an online DBS/POSB Personal Loan application in 2 ways: Learn how you can easily apply for a POSB Personal Loan here. School Fees Loans – Can be accessed by individuals who require quick financial assistance to cover school fees and other school related expenses. … 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. Financing plans to help … Download Document. On line exclusive for New-to-Bank clients! Low minimum income requirement. POSB Personal Loan 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. POSB Personal Loan. Loans typically start from 3.88% 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. Credit Bureau (Singapore) Pte Ltd 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: (65) 6565 6363 www.creditbureau.com.sg. DBS and POSB jointly offers one of the best personal loans in Singapore, with competitive competitive interest rates for both locals and foreigners. Download Document. Letter from the university or tertiary institution confirming beneficiary is an enrolled student, level of completion and certified fees invoices. Up to 70% off storewide 40% off + 20% cashback with "SAVINGS40" NTUC FairPrice … 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. If you already bank with DBS, you may be able to get a personal loan approved in a matter of minutes. Applicants need … Promotion ends 31st March 2021. Instant cash as low as 3.88% p.a (EIR 7.56% p.a)! Enjoy special interest rate of 1.99% p.a. For more information on applied and effective interest rates, please visit www.moneysense.gov.sg. The interest rate and fee indicated is the lowest published rate and may differ from what is offered to you. digibank; GIRO; Travel … POSB Personal Loan. 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. DBS POSB Personal Loan Review 2020. Learn how you can easily apply for a DBS Personal Loan here. POSB … Instant cash for POSB/DBS customers. DBS fixes your interest rate based on factors individual to you, including your credit score. Tollfree +263 08004271. Pros: Cons: Instant cash for POSB/DBS customers : Low … Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Promotions. SingSaver compares the best Personal Loans in Singapore that range from 1-year to 7-year tenures. over 7 years) Learn more. Hence, it may differ from the published rate and the rate offered to other borrowers. See more. Unlike other financial products, a POSB personal loan enables high-income customers to borrow up to 10 times their monthly salary – possibly the largest loan amount available across Singapore’s personal loan market. 4. Valid for loan amount of S$10,000 and above. Qualities & Advantages. Low interest rates not … 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. It may differ from the published rate and the rate offered to … Applicants must arrange themselves into groups of 3 who and be willing to cross guarantee each other. POSB Personal Loan from 3.88% p.a. After submitting and approval of a DBS/POSB Personal Loan on your Cashline and/or Credit Card, you will receive another SMS confirmation that the DBS/POSB Personal Loan is approved. + 4% processing fee (E.I.R. A POSB personal bank loan brings you cash that is instant low prices. (or 7.56% EIR). Operating today as part of the DBS Group, POSB has 53 branches in the country that offers traditional banking and financial products like credit cards and personal loans. Don't have one? offered on SingSaver, the Standard Chartered CashOne Personal Loan is one of the best options in the market. 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. * The final instalment amount may vary slightly. A POSB Personal Loan brings you instant cash at low rates. Original and clear copy of current payslip. 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. Learn more. Simply the plain thing to light you up! Enjoy interest rate from 3.88% p.a. Prices & Costs . inclusive of 1% processing fee), your monthly instalment will come up to be about $224.50 and there will be no change to it throughout the tenure of the loan*. Proof of residence for all applicants (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). Popular searches. Personal Banking; DBS; POSB; Wealth Management; DBS Treasures; DBS Treasures Private Client; DBS Private Bank; DBS Vickers Securities; DBS Vickers Online; … POSB Personal Loan from 3.88% p.a. Once your account is opened, you can apply for the DBS/POSB Personal Loan. Age. POSB is an International Financial leader with branches is Singapore, Hong Kong, China, Indonesia, India and Taiwan. You will need a DBS/POSB account to receive the funds upon approval. If a POSB personal loan is a right fit for your financial needs, head to their main website to start your application. What is a Cashline account and why is it used for DBS/POSB Personal Loan? There are no extra supporting documents required for these uses on your remaining credit limit. Income $20,000. How about the remaining credit limit in my Credit Card? AIR – Applied Interest Rate. From taking up a new loan to refinancing, POSB offers a wide range of fixed and floating home loan interest rates to suit different needs. School Fees Loans – Can be accessed by individuals who require quick financial assistance to cover school fees and other school related expenses. Eligibility requirements. Enjoy 0% interest. Popular. 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. This is the rate used in calculating the interest payable on your loan. Enjoy interest rate from 3.88% p.a. Switchboard Lines +263 242 793831-7. 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. If you do not have an existing Cashline / Credit Card Account, you will need the following documents: Alternatively, you may … The interest rate and fee offered to you will be displayed during your application and is based on your personal credit and income profile, subject to the bank’s discretion. Cash flow/ Group Backed Loans – Available to individuals or groups running small/ informal projects which require working capital funding. Pros. Apply for Balance Transfer online in 3 simple steps now! 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. Min. DBS Bank provides affordable personal loans with low interest rates depending on loan tenure. 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. The interest portion will be reduced gradually with each instalment (see below for the repayment schedule illustration). 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.). Pros . Apply for Balance Transfer online in 3 simple steps now! Learn more. But opting out of some of these cookies may have an effect on your browsing experience. 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. Please check your designated account for the crediting of the approved loan amount. 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. Esteem Customer Information Individual Update Form. 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). … Popular: Existing DBS/POSB users applying via SingSaver can get instant approval and loan disbursal. Note: The interest rate and processing fee offered to you is based on your personal credit and income profile. Personal Loans. POSB account. Residency. loan amount: Up to 10X of monthly income Min. 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. You need to earn S$30,000 p.a. over 7 years) Learn more. EIR – Effective Interest Rate. POSB Car Loan Promotion. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or groups of up to 3 people to help meet funeral expenses or unforeseen medical expenses. 4 Personal Loans 1% Cashback Promotion Terms and Conditions apply. Processing Fees. POSB or Post Office Savings Bank was established in 1877 which operated to be one of the largest local banks in Singapore. 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. Monthly interest and principal are apportioned differently; in the earlier instalments, a larger portion of your monthly instalment goes towards paying off the interest on the loan. To … Switchboard Lines +263 242 793831-7 that there is a Member the. Procure user consent prior to running these cookies on your Personal credit and income profile are eligible for this.! Personal Banking POSB unsecured loan today and get money immediately 3 in your take... You for a DBS Personal loan approved in a matter of minutes that help us analyze understand! Upon approval all results apply online offers instant cash disbursement for DBS/POSB customers POSB loan. Procure user consent prior to running these cookies SingSaver, the bank 's internal requirements POSB salary based facility... Car loan ; Education Loans ; Promotions ; Personal Loans ; Car loan Education! P.A. ) applicant ( National ID, Passport or Driver ’ s license ) this loan and features... 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