Pros. Apply for Balance Transfer online in 3 simple steps now! POSB … It may differ from the published rate and the rate offered to … Individual Account holders with existing loans can also access the POSB Salary Based Overdraft facility. We'll assume you're ok with this if you continue to use this website, but you can opt-out if you wish. Hence, it may differ from the published rate and the rate offered to other borrowers. How do I apply for a DBS/POSB Personal Loan after I click on "Apply Now"? POSB Personal Loan from 3.88% p.a. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Promotions. Permanently employed guarantor whose salary is sufficient to cover loan repayments.. Switchboard Lines +263 242 793831-7. Low promotional interest rates. (EIR 7.56% p.a.) (EIR 3.77% p.a. Cons . 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. 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. Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. 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. Applicant must meet the minimum net salary requirement. Note: The above table is meant for illustration. Instant cash as low as 3.88% p.a (EIR 7.56% p.a)! Download Document. On the other hand, POSB insurance products include premiums that cover property, travel, car and education among others. Letter from the university or tertiary institution confirming beneficiary is an enrolled student, level of completion and certified fees invoices. A SMS confirmation that your DBS/POSB Personal Loan is approved. These cookies do not store any personal information. Applicants must arrange themselves into groups of 3 who and be willing to cross guarantee each other. Comes with an affordable Pensioner Guarantor Plan. admin / March 28, 2016. 3 people like this. Personal Loans. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Borrow. But opting out of some of these cookies may have an effect on your browsing experience. Original and copy of IDs for all applicants. 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. 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. 4. See more. 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). 4 Personal Loans 1% Cashback Promotion Terms and Conditions apply. Features of the DBS Personal Loan. Once your account is opened, you can apply for the DBS/POSB Personal Loan. Applicants must receive their salary through their Individual Account for at least 3 months. You will need a DBS/POSB account to receive the funds upon approval. The interest rate and fee indicated is the lowest published rate and may differ from what is offered to you. Pros: Cons: Instant cash for POSB/DBS customers : Low … You can choose your desired account here and apply online. With a flat interest rate of 3.48% p.a. POSB Personal Loan. * The final instalment amount may vary slightly. Proof of residence of applicant (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). Actual figures may vary. New feature! Apply Online Now . You also have the option to opt-out of these cookies. loan amount: Up to 10X of monthly income Min. Tollfree +263 08004271. ^E.I.R. 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. Review on POSB Personal Loan. Rating: 0.0/5.0 (0 Reviews) Interest Rate From 7.56%. POSB Personal Loan POSB Loan Assist is a unsecured loan where no guarantor and collateral is needed. Submission of application letter by employer. for 2 years (EIR 8.20% p.a. See more. 3 DBS will only process applications that meet the bank's internal requirements. Loan... Corporate Loans. Enjoy 0% interest. 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. Calculate the monthly repayment with our handy calculator! 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. Competitive rates of interest. Age. Current proof of residence (Utility Bills, council bills, copies of title deeds/lodgers card, current account statements). 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. Enjoy instant approval and get money immediately 3 in your bank take into account: Advertising. Popular. Simply the plain thing to light you up! Pros . Applicant must be employed in the civil service and being paid through SSB. Learn more. How do I proceed? Credit Bureau (Singapore) Pte Ltd 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: (65) 6565 6363 www.creditbureau.com.sg. 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. Current financial statements from employer (If they are not a listed company). Get Instant Cash. Proof of residence for all applicants (Utility Bills, Letter from Employer, Village Chief, District Council, Headmaster). 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. You can’t apply for this loan product if you don’t already hold certain … over 7 years) Learn more. Enjoy 0% interest. Up to 70% off storewide 40% off + 20% cashback with "SAVINGS40" NTUC FairPrice … This category only includes cookies that ensures basic functionalities and security features of the website. and Effective Interest Rate (EIR) at 7.56% p.a. The interest portion will be reduced gradually with each instalment (see below for the repayment schedule illustration). Popular searches. Download Document. If you are an existing Cashline account or Credit Cardholder, you will receive: For DBS/POSB customers without Cashline or Credit Card. Apply for POSB Personal Loan today and receive 1% cashback on your approved loan amount!4. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or … 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 … Don't have one? Applicant must meet the minimum net salary/income requirement. Learn more. Qualities & Advantages. EIR – Effective Interest Rate. Available to Individual Account holders who receive their salaries through POSB. 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. - If you do not have a Cashline account, skip the need to provide your income documents when you apply with MyInfo. Apply for Balance Transfer online in 3 simple steps now! Make an application for POSB unsecured loan today and get 1% cashback in your loan that is approved amount! Floating Rate Packages 2-Year Lock-in. Instant cash for POSB/DBS customers. 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. (National ID, Passport or Driver’s license). This package is valid with a minimum loan amount of S$100,000 with 2 years lock-in period. Read More. Learn more. 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. (EIR of 7.99% p.a.) Please check your designated account for the crediting of the approved loan amount. Income $20,000. Alternatively, you may bring the approval or rejection letter and your NRIC to the following credit bureau’s registered office to obtain a free credit report. over 7 years) Learn more. 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. 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 Update Forms. (EIR 7.56% p.a.) Popular: Existing DBS/POSB users applying via SingSaver can get instant approval and loan disbursal. POSB account. Personal Loan - Apply Personal Loan Online @8.95% Interest Rate, … Additionally, the bank offers instant cash disbursement to approved online applicants. 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. This is helpful as most lenders take at least one day to disburse personal … Low interest rates not … 3.88% Annual Interest RateEIR 7.9% p.a. Loan Amount: $500 Approval time: Instant approval & cash disbursement for DBS/POSB customers. 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. or over to qualify for a loan. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Personal Loans. Financing plans to help … 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. 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