DBS Personal Loan

DBS Personal Loan
(Product Review)

Updated July 15, 2024

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Annual Interest Rate


Minimum Loan Amount


Processing Fee

Current DBS Personal Loan Rate

Today's DBS Personal Loan interest rate trends in Singapore - As of Monday, July 15th, 2024, DBS Personal Loan’s annual interest rate stands at 3.88% with an effective interest of 7.56%.

Product Review

DBS 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 3.88% 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.

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3 Months

72 Months

Your monthly payment


* For a loan amount of $20,000, APR of 6.95%, 5 year tenure, the tot. loan payable will be $26,940 with a monthly cost of $449. An individualised APR will be presented at the end of your application. Max. APR 8.88%. Min. repayment period 3 months, max. 72 months.

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).

DBS Personal Loan Fees

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

Overview of DBS Personal Loan Interest Rates

Loan Duration AIR Fee EIR Total Cost Monthly Payment
1 Year 3.88% $100 7.56% S$10,388 S$866
2 Year 3.88% $100 7.56% S$10,776 S$449
3 Year 3.88% $100 7.56% S$11,164 S$310
4 Year 3.88% $100 7.56% S$11,552 S$241
5 Year 3.88% $100 7.56% S$11,940 S$199
*Rates Updated July 15, 2024 - Loan Amount Example S$10,000
DBS Personal Loan Application Requirements

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.


There are a few cashback promotions going on that you can benefit from if you are deciding on a DBS Personal Loan. If you’re new to the bank, you get $200 cashback for a $10,000 loan, $888 cashback for a $30,000 loan and $1,088 cashback for a $50,000 loan.
Existing customers, get $688 cashback for a $30,000 loan and $888 for any amount abovet $50,000.


  • Apply via ROSHI

    Begin your loan application by clicking on the DBS link.

  • There are 2 ways to do complete an online DBS/POSB personal loan application:
    • Using iBanking Login: Enter your iBanking username and password to apply for an online personal loan
    • Using card and PIN: Input your Debit or ATM card number and the PIN (the same PIN used for ATM input).
      For customers with only a personal credit card and no debit or ATM card, please use credit card as your
  • Provide Necessary Documents

    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:

    • Photocopy of NRIC (front and back)
    • CPF statement (past 12 months)
    • Latest income tax notice of assessment or latest computerised payslip
    • 2 years income tax notice of assessment or latest income tax notice of assessment (commission based employees 2 years income tax notice of assessment (self-employed)
  • Receive your loan disbursement

    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.


  • Competitive interest rates

    One of the lowest personal loan interest rates in the market

  • Quick fund disbursement

    Approved loan amount will be credited to account in minutes

  • High maximum loan amounts

    Up to 10x your monthly salary

  • Tenures only up to 5 years

    Maximum loan repayment of 72 months cannot be extended

  • Not the best for individuals seeking a specific-use loan (e.g. car loan)

    Doesn’t provide best terms for specific loan use

DBS Personal Loan Calculator

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Frequently Asked Questions

Can a foreigner apply for a DBS personal loan?

One of the eligibility criteria for a DBS personal loan is that you must be a Singaporean or a Permanent Resident (PR). Foreigners with work visas such as EP holders, may want to consider other banks or licensed moneylenders instead.

Can I get a DBS personal loan with bad credit?

Before your loan application will be approved, you'll need to consent to the bank’s application revision via your credit bureau score file. If you currently have a bad credit rating, your loan application approval is subject to the bank’s terms and conditions.

How much money can I borrow?

For the average Singaporean, the maximum loan amount for a DBS personal loan is 4 times their monthly salary. However, if you earn $120,000 annually or above, you'll get to take out a loan 10 times your monthly salary. You are to repay the loan from anywhere between 1 and 5 years at the confirmed interest rate.

How long does it take to get the money when I am approved for the loan?

Loan applications connected to Standard Chartered bank accounts are credited instantly while applications connected to other bank accounts are credited within 15 to 30 minutes.

How to check if my DBS personal loan has been approved?

If you are already a DBS/POSB account holder, you can check the DBS banking portal to see the status of your application. If you’re an existing DBS/POSB credit card or Cash line customer, and your application meets the bank’s requirements, you will get the cash instantly disbursed to your savings account.