Dbs Bank Personal Loan

DBS Bank Personal Loan Details

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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.

Why Choose DBS Bank Personal Loan?

• The advantage of this loan is its same interest throughout the duration.
• Simple documentation is needed and the personal loan in DBS Bank then gets processed faster.
• The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
• You can check out DBS Bank personal loan eligibility and DBS Bank Personal Loan EMI calculator at loanbaba.com.

Features of Personal Loan DBS Bank

Loanbaba.com provides all the information about DBS Bank Personal Loan.

• Get up to ten times of your monthly salary as personal loan.
• Speedy disbursal, quick documentation and verification procedure.
• Minimal checks, best service, and complete customer support.
• Affordable fixed repayment facility is available.
• Enjoy instant approval and immediate cash.

Why Apply for 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.

DBS Bank Personal Loan Interest Rates

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.

DBS Bank Personal Loan Eligibility

• Minimum income for PRs and Singaporeans is S$20,000 p.a. You will need NRIC
• Submit CPF statement or salary crediting into POSB or income tax NOA or DBS account or computerised payslips.
• The applicant for personal loan DBS Bank needs to meet the age requirement (21 – 65 years) and possesses all necessary identity and income proof required to apply for the loan.
• He/she meet the requirement for credit score and should not be under too many debts.
• Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost DBS Bank personal loan eligibility calculator at Loanbaba.com.

Type of personal loans offered by DBS Bank

• DBS 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.

• DBS debt consolidation plan

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.

• DBS Balance Transfer

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 %.

• DBS Cashline

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.

DBS Bank Personal Loan FAQs

• addFAQs

  Below provided are important questions about personal loan DBS Bank.

  1. What more should I know about DBS Personal Loan?
  • EIR starts from 11.32 % p.a.
  • Promotional rate will be approved only on account of more than S$3000 applicable on PRs and Singaporeans.
  • If your annual salary is more than S$120,000, then you can avail a loan ten times the monthly salary.
  • If your annual salary is less than S$120,000, then you can avail a loan four times the monthly salary.
  2. Do applicants need to submit any collateral/provide guarantor?

  Personal loan by DBS Bank does not require any security or guarantors against loan.

  3. What is the Key Facts about Personal Loan in DBS Bank?

  Understand the DBS Bank personal loan eligibility and other factors.

  • Understand how your EMI will be calculated before applying for the loan. Use an EMI calculator to do so.
  • Know the exact rate of interest you will pay on principle amount in the end.
  • Look out for any hidden charges, if involved.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of DBS Bank.