DBS Bank is one of the preeminent banks in Singapore that offers personal as well as business banking solutions. It offers various services such as investments, insurance, retirement plans, loans, cards, etc. moreover, it is considered to be the leading banks to avail personal loans.
|DBS Bank Personal Loan Details Updated on 21st November 2019|
|Loan Amount||Rs.100,000 to Rs.3,000,000|
|Loan Tenure||5 Years|
|Interest Rate||6.99% Onwards|
Loanbaba.com provides all the information about DBS Bank Personal Loan.
Loanbaba provides comprehensive information about personal loan schemes by DBS Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the financial institution's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Personal Loan DBS Bank interest rate goes by the model of Effective Interest Rate – that base on 60-months loan tenure, including of 1% processing fee with Applied Interest Rate: 3.88% per annum. Keep a check on this page to note the updated interest rate for DBS Bank personal loan.
The DBS personal loans are offered at fixed rates of interest starting from 6.99% p.a. Repayment of the same can be made in monthly EMIs within 1 – 5 years. You can avail up to 4 times the monthly income.
This plan lets you combine all your debts into one and repay them conveniently through monthly instalments. The interest rates applicable to this loan starts from 9.8 % p.a. the instalments get condensed in the DBS account by default. This loan can be taken for up to 8 years.
This scheme brings all the outstanding balances together and transfers them to the DBS account. No interest is applicable for a year on this scheme. On opting the cash line account, you need to pay $50 which is 2.5 %.
If your annual income is over $120,000, then funds up to 10 times of your monthly income can be obtained can be obtained under this scheme. You also get a free cheque book and facility for funds transfer on instant basis. Major benefits of opting this scheme are you can avail up to 10 times your per month income and interest rates applicable at as low as 5.88 % p.a. The same can be repaid with 1 – 5 years.
Below provided are important questions about personal loan DBS Bank.
Personal loan by DBS Bank does not require any security or guarantors against loan.
Understand the DBS Bank personal loan eligibility and other factors.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of DBS Bank.