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Terms & ConditionsAnnual Interest Rate
Effective Interest Rate
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Minimum Loan Amount
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Apply NowDBS is one of the most popular personal loans in Singapore because of its attractive interest rates and its connection to one of the top-tier banks in Singapore.
DBS offers one of the most competitive interest rates in the market. Its price point rate of 1.99% is one of the lowest rates in the market. In addition, their total loan costs are some of the cheapest that are currently available. The bank grants swift cash disbursement to approved loan applications submitted online. This service is helpful since many lenders take at least 24 hours to distribute requested amounts. Eligible applicants must be current credit card or credit line customers, and new to bank customers must credit their salary into a POSB or DBS deposit account.
Individuals with annual incomes of at least S$120,000 enjoy offers like the largest personal loans (10x their monthly salary). Furthermore, DBS is one of 4 banks that offer personal loans to individuals with an annual salary that are less than S$30,000. However, the borrowers are charged higher rates than DBS competitors. Their service fees are 11% p.a. with a 4% processing fee (EIR 20.01%).
Potential loan figures of S$500 are also available in the loan system. The bank offers a wide range of loan amounts ranging from smaller amounts (S$500) to large loan amounts reaching 10 times the borrower’s monthly income (annual incomes of at least S$120,000).
*Today's Moneylenders Rates - 6 January 2026
DBS charges a processing fee of 1% of the total loan amount. For example, if your total loan cost is S$1000, your processing fee is 1% of S$1000. Therefore, your total loan cost is S$10.
The bank also demands standard early recovery and late installment fees that are similar to other banks. Hence, we encourage you to make payments when due. So, your loan will be as inexpensive as possible.
| Fee | Fiat Rate |
| Transaction Fee | 1% of loan principal (4% for low-income borrowers) |
| Early Recovery Fee | S$250 |
| Late Deposit Fee (Credit Card) | S$100 |
| Late Payment Fee (Cashline PL) | S$120 |
| Loan Duration | AIR | Fee | EIR | Total Cost | Monthly Payment |
| 1 Year | 1.99% | $100 | 4.17% | S$10,199 | S$850 |
| 2 Year | 1.99% | $100 | 4.17% | S$10,398 | S$433 |
| 3 Year | 1.99% | $100 | 4.17% | S$10,597 | S$294 |
| 4 Year | 1.99% | $100 | 4.17% | S$10,796 | S$225 |
| 5 Year | 1.99% | $100 | 4.17% | S$10,995 | S$183 |
Individuals eligible for DBS Personal Loan must be citizens or permanent residents between the ages of 21 years and 65 years. Their lowest annual income should be at least $20,000.
Interested candidates can apply via ibanking by simply logging in with their valid login details. Alternatively, they can get an online personal loan application form where they use their DBS/POSB card details to apply.
For loans between S$10,000 to S$49,999: Receive 2% cashback when you choose a loan tenure of 36 months or longer
For loans of S$50,000 and above: Enjoy an enhanced 3% cashback when you choose a loan tenure of 36 months or longer
Begin your loan application by clicking on the DBS link.
You’ll be required to provide all the necessary documentation for DBS to approve your loan application. This list of documents includes but is not limited to:
After submission and approval of your DBS/POSB personal loan on your cashline and/or credit card, you will receive an SMS confirmation that the DBS personal loan has been approved. Please proceed to check your designated account for the crediting of the approved loan amount.
One of the lowest personal loan interest rates in the market
Approved loan amount will be credited to account in minutes
Up to 10x your monthly salary
Maximum loan repayment of 72 months cannot be extended
Doesn’t provide best terms for specific loan use
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