Assuming that you are taking up a loan at $5,000 at 3.88% p.a. Additionally, the bank offers instant cash disbursement to approved online applicants. Promotion ends 31st March 2021. 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. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or groups of up to 3 people to help meet funeral expenses or unforeseen medical expenses. * The final instalment amount may vary slightly. Original and copy of ID of applicant (National ID, Passport or Driver’s license). Current financial statements from employer (If they are not a listed company). Please check your designated account for the crediting of the approved loan amount. POSB is a Member of the Deposit Protection Corporation. for 2 years (EIR 8.20% p.a. We also use third-party cookies that help us analyze and understand how you use this website. POSB offers personal loans of up to 4 times the … It may differ from the published rate and the rate offered to … 4. Enjoy personalised interest rates from as low as 3.88% pa AIR + 1% Processing fee (EIR 7.56% pa)! Please check your designated account for the crediting of the approved loan amount. Applicant must meet the minimum net salary requirement. POSB Personal Loan POSB Loan Assist is a unsecured loan where no guarantor and collateral is needed. Why am I seeing a different rate in the application page? (EIR 7.56% p.a.) POSB is an International Financial leader with branches is Singapore, Hong Kong, China, Indonesia, India and Taiwan. Get instant cash 2 disbursement at any of our branches if you are currently crediting salary to POSB/ DBS … Age. Competitive rates of interest. Loans typically start from 3.88% p.a. 20.01%p.a.^). Residency. With a flat interest rate of 3.48% p.a. For more information on applied and effective interest rates, please visit www.moneysense.gov.sg. POSB Personal Loan. Enjoy 0% interest. … Switchboard Lines +263 242 793831-7. 1 file(s) 1,005.46 KB. Credit Bureau (Singapore) Pte Ltd 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: (65) 6565 6363 www.creditbureau.com.sg. Instant cash as low as 3.88% p.a (EIR 7.56% p.a)! Min. Income $20,000. 3 DBS will only process applications that meet the bank's internal requirements. Submission of schedule of eligible employees by the employer. A POSB personal bank loan brings you cash that is instant low prices. On the other hand, POSB insurance products include premiums that cover property, travel, car and education among others. Enjoy special interest rate of 1.99% p.a. 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. loan amount: Up to 10X of monthly income Min. Permanently employed guarantor whose salary is sufficient to cover loan repayments.. New feature! EIR – Effective Interest Rate. * 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. (EIR 3.77% p.a. Use POSB's Personal Loan Calculator to calculate your estimated monthly repayment based on your preferred loan amount and tenure! Download Document. You will need a DBS/POSB account to receive the funds upon approval. DBS POSB Personal Loan Review 2020. POSB will consider you for a personal loan if you are between 21 and 65 years old. What Makes POSB/DBS Personal Loans Stand Out to Borrowers. … 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. 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. Limited time promotion for low interest rates. A1 or A2 lease agreement.). Bank/Lender, Telephone Number, Amount, Monthy Instalments, Account Number, Balance Outstanding e.g. Comes with an affordable Pensioner Guarantor Plan. Apply for POSB Personal Loan today and receive 1% cashback on your approved loan amount!4. Learn more. Features of the DBS Personal Loan. Cons. You have the flexibility to use the available credit limit (up to 95%) to take up another DBS/POSB Personal Loan or you can use the available credit limit as a standby credit line for short term usage. Esteem Customer Information Individual Update Form. You must be a citizen of Singapore or have permanent resident status. Personal Banking; DBS; POSB; Wealth Management ; DBS Treasures; DBS Treasures Private Client; DBS Private Bank; DBS Vickers Securities; DBS Vickers Online; Institutional … Cashline is a standby line of credit account which the credit limit granted is utilized for DBS/POSB Personal Loan. 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. Apply for Balance Transfer online in 3 simple steps now! (EIR 3.77% p.a. admin / March 28, 2016. 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. You can’t apply for this loan product if you don’t already hold certain … POSB Personal Loan from 3.88% p.a. 3 people like this. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Borrow. E.g. Read More. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Personal Loans. 1 file(s) 1.55 MB. What do I do with the remaining credit limit in the Cashline account? POSB Car Loan Promotion. Enjoy 0% interest. Illustration on interest payable for a S$10,000 loan with 3.88% AIR and 5 years tenure. 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. by posb | Jan 7, 2020. POSB Personal Loan from 3.88% p.a. Pros. Letter from the university or tertiary institution confirming beneficiary is an enrolled student, level of completion and certified fees invoices. 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. 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. Mortgage Application Form. Review on 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. You need to earn S$30,000 p.a. 3.88% Annual Interest RateEIR 7.9% p.a. 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. Learn more. Personal Loan - Apply Personal Loan Online @8.95% Interest Rate, … Loan Amount: $500 Approval time: Instant approval & cash disbursement for DBS/POSB customers. Apply Online Now . digibank; GIRO; Travel … School Fees Loans – Can be accessed by individuals who require quick financial assistance to cover school fees and other school related expenses. Learn more. A SMS confirmation that your DBS/POSB Personal Loan is approved. (EIR 7.56% p.a.) Simply the plain thing to light you up! If you do not have an existing DBS/POSB deposit account, you can choose your desired account here and apply online. Download Document. Pros: Cons: Instant cash for POSB/DBS customers : Low … What is a Cashline account and why is it used for DBS/POSB Personal Loan? (EIR 3.77% p.a. If you do not have an existing Cashline / Credit Card Account, you will need the following documents: Alternatively, you may … Personal Banking; DBS; POSB; Wealth Management; DBS Treasures; DBS Treasures Private Client; DBS Private Bank; DBS Vickers Securities; DBS Vickers Online; … How do I apply for a DBS/POSB Personal Loan after I click on "Apply Now"? 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. Enjoy … You also have the option to opt-out of these cookies. If a POSB personal loan is a right fit for your financial needs, head to their main website to start your application. Actual figures may vary. Shorter turnaround time for processing loan applications. Financing plans to help … Tollfree +263 08004271. POSB Car Loan Promotion. (EIR of 7.99% p.a.) + 4% processing fee (E.I.R. Up to 70% off storewide 40% off + 20% cashback with "SAVINGS40" NTUC FairPrice … loan amount: Up to 10X of monthly income Min. 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.). The effective … Enjoy 0% interest. 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). - If you do not have a Cashline account, skip the need to provide your income documents when you apply with MyInfo. 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. Qualities & Advantages. Popular searches. 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. S$310. If you do not have an existing Cashline / Credit Card Account, you will need the following documents: Alternatively, you may … Apply for Balance Transfer online in 3 simple steps now! 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. Pensioners and pension beneficiaries aged between 18 and 68 are eligible for this loan. Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. POSB … DBS/POSB Personal Loan: 3.88% (EIR 7.9%)* 1% of loan amount: No: Citibank Quick Cash Loan: 3.99% (EIR 7.5%) None: Yes (with $20,000 loan) Standard Chartered CashOne Personal Loan: Low interest rates, and cashback. Rating: 0.0/5.0 (0 Reviews) Interest Rate From 7.56%. The interest rate and processing fee offered to you is based on your personal credit and income profile. Get Instant Cash. over 7 years) Learn more. over 7 years) Learn more. Loan... Corporate Loans. 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. What the POSB Personal Loan can do for you. Learn more about our cash loans and short term loans! DBS Bank provides affordable personal loans with low interest rates depending on loan tenure. 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. Enjoy interest rate from 3.88% p.a. Applicant must be employed in the civil service and being paid through SSB. How do I proceed? 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. Processing Fees. Download Document. Contact Center +263 242 252595/6 ^E.I.R. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or … Applications via other channels (i.e Telesales or Branch sales staff etc.) Proof of residence for all applicants (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; View all results. Enjoy interest rate from 3.88% p.a. 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. POSB Personal Loan from 3.88% p.a. As low as 3.88% p.a. POSB Car Loan Promotion. 4 Personal Loans 1% Cashback Promotion Terms and Conditions apply. Hence, it may differ from the published rate and the rate offered to other borrowers. In groups of 3 who all cross guarantee each other, the group will collectively apply for individual loans. Prices & Costs . 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. 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. Sponsored Links. Learn more. Flat interest rates at 6.99% p.a for loan amount with tenures up to 5 years. This website uses cookies to improve your user experience. Enjoy interest rate from 3.88% p.a. (National ID, Passport or Driver’s license). If you are an existing Cashline account or Credit Cardholder, you will receive: For DBS/POSB customers without Cashline or Credit Card. Any customers looking for loans with loan tenures of more than five years will not be able to submit an application form to POSB – as 5 year tenures are the longest … This category only includes cookies that ensures basic functionalities and security features of the website. You can choose your desired account here and apply online. Instant cash for POSB/DBS customers. 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. 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. Applicants need … Original and clear copy of current payslip. Enjoy special interest rate of 1.99% p.a. + 1% processing fee (EIR 7.56% p.a.). Pros . I do not have a deposit account with DBS/POSB. See more. Please note that applications not accompanied with required documents or with incomplete information will cause a delay in processing. These cookies do not store any personal information. (or 7.56% EIR). Cons. DBS iBanking; Singapore; Mainland China; Hong Kong; Indonesia; Taiwan; India; DBS Loan Calculator DBS Loan … Applicants must arrange themselves into groups of 3 who and be willing to cross guarantee each other. How about the remaining credit limit in my Credit Card? 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. Apply Online Now. This is helpful as most lenders take at least one day to disburse personal … offered on SingSaver, the Standard Chartered CashOne Personal Loan is one of the best options in the market. Apply for one here first! Make an application for POSB unsecured loan today and get 1% cashback in your loan that is approved amount! Applicant must meet the minimum net salary/income requirement. Available to Individual Account holders who receive their salaries through POSB. Just the thing to light you up! will not be considered. Please note that there is a downtime daily from 11.45PM to 8.00AM and application will be pending status during downtime. Eligibility requirements. Necessary cookies are absolutely essential for the website to function properly. Note: The above table is meant for illustration. Learn more. Applications such as Credit Limit increase, Balance Transfer / Personal Loan disbursed from existing products and existing principal cardholders applying for another card(s) are not entitled to the free credit report. TIMB or GMB and ownership of land, i.e. by posb | Oct 9, 2019. Cash flow/ Group Backed Loans – Available to individuals or groups running small/ informal projects which require working capital funding. But opting out of some of these cookies may have an effect on your browsing experience. 1 file(s) 2.02 MB. On line exclusive for New-to-Bank clients! Learn how you can easily apply for a DBS Personal Loan here. Note: The interest rate and processing fee offered to you is based on your personal credit and income profile. Submission of application letter by employer. POSB, 0242 355 916, $10 000, $450, 296533001, $2500 DBS and POSB jointly offers one of the best personal loans in Singapore, with competitive competitive interest rates for both locals and foreigners. 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. How is the interest on my DBS/POSB Personal Loan repaid across the monthly instalments? 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.