Who can apply for the DBS Personal Loan?
The DBS Personal Loan is open to Singapore citizens, permanent residents, and eligible foreigners aged between 21 and 70 years old. To qualify, applicants must have a minimum annual income of S$20,000. For those earning above S$120,000 annually, the loan offers access to up to 10 times your monthly salary.
Existing DBS or POSB Cashline and credit card customers can enjoy a streamlined application process with instant cash disbursement. If you don’t yet have an account with DBS, setting one up is easy, allowing you to start your loan application without delay.
Required Documentation
Applying for the DBS Personal Loan is simple, especially if you use MyInfo with Singpass for a faster process. For others, documents such as your NRIC or recent payslips Self-employed individuals should provide a Notice of Assessment from the last year.
For those who do not yet have a DBS or POSB deposit account, setting one up is required to receive loan disbursement. Providing all necessary documents ensures a quicker approval process, helping you access the funds when you need them most.
Words of Advice!
Before applying for the DBS Personal Loan, it’s a good idea to use their online loan calculator to estimate your monthly repayments. This can help you determine the most suitable loan tenure for your budget and give you a clearer picture of what to expect.
Additionally, check if you qualify for any ongoing promotions, such as cashback offers, which can add extra value to your loan. Being prepared helps you make the most of your loan and ensures you can manage your finances comfortably.
I want to apply for the DBS Personal Loan!
Whether you’re a new customer or an existing DBS Cashline or credit card holder, you can enjoy instant cash disbursement directly to your DBS/POSB account. Click the link below to start your application and get the financial support you need today with DBS, a bank you can trust.