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 … 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. 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. Original and copy of IDs for student, parent/guardian and guarantor (National ID, (valid Passport or Driver’s license). Apply Online Now . Apply for Balance Transfer online in 3 simple steps now! 3.88% Annual Interest RateEIR 7.9% p.a. The interest rate and fee offered to you will be displayed during your application and is based on your personal credit and income profile, subject to the bank’s discretion. Apply for one here first! You can’t apply for this loan product if you don’t already hold certain … Make an application for POSB unsecured loan today and get 1% cashback in your loan that is approved amount! Please check your designated account for the crediting of the approved loan amount. Applicant must meet the minimum net salary/income requirement. Min. Applicant must receive their salary through their Individual Account for at least 3 months. 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. What the POSB Personal Loan can do for you. POSB is an International Financial leader with branches is Singapore, Hong Kong, China, Indonesia, India and Taiwan. DBS and POSB jointly offers one of the best personal loans in Singapore, with competitive competitive interest rates for both locals and foreigners. POSB Car Loan Promotion. On line exclusive for New-to-Bank clients! Learn more. Once your account is opened, you can apply for the DBS/POSB Personal Loan. 4. Note: The interest rate and processing fee offered to you is based on your personal credit and income profile. 1 file(s) 2.02 MB. + 1% processing fee (EIR 7.56% p.a.). This package is valid with a minimum loan amount of S$100,000 with 2 years lock-in period. As low as 3.88% p.a. Please note that there is a downtime daily from 11.45PM to 8.00AM and application will be pending status during downtime. Review on POSB Personal Loan. POSB Personal Loan from 3.88% p.a. Enjoy instant approval and get money immediately 3 in your bank take into account: Advertising. loan amount: Up to 10X of monthly income Min. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or groups of up to 3 people to help meet funeral expenses or unforeseen medical expenses. Here are its highlights: Low fixed interest rate from 3.88% p.a. Learn more about our cash loans and short term loans! over 7 years) Learn more. Just the thing to light you up! Applicants must receive their salary through their Individual Account for at least 3 months. Near-instant loan approval. You can choose your desired account here and apply online. Permanently employed guarantor whose salary is sufficient to cover loan repayments.. (EIR 7.56% p.a.) loan amount: Up to 10X of monthly income Min. Personal Loans 1% Cashback Promotion Terms and Conditions apply, Terms & Conditions Governing Electronic Services, New customers currently credit salary into a DBS/POSB deposit account, Singaporean Citizen or Singapore Permanent Resident. Civil Service Employees who are paid through Salary Services Bureau (SSB) and do not receive salaries through POSB are eligible for Mutually Guaranteed Loans. POSB Personal Loan POSB Loan Assist is a unsecured loan where no guarantor and collateral is needed. How is the interest on my DBS/POSB Personal Loan repaid across the monthly instalments? S$310. POSB offers personal loans of up to 4 times the … Apply for POSB Personal Loan today and receive 1% cashback on your approved loan amount!4. POSB is a Member of the Deposit Protection Corporation. But opting out of some of these cookies may have an effect on your browsing experience. POSB will consider you for a personal loan if you are between 21 and 65 years old. Personal Loan - Apply Personal Loan Online @8.95% Interest Rate, … offered on SingSaver, the Standard Chartered CashOne Personal Loan is one of the best options in the market. Promotion ends 31st March 2021. Actual figures may vary. Enjoy 0% interest. Financing plans to help … EIR – Effective Interest Rate. The effective … 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. S$100. Applicants must arrange themselves into groups of 3 who and be willing to cross guarantee each other. POSB Personal Loan product summary: Interest rate: From as low as 3.88% p.a (EIR 7.56% p.a) Loan tenures: Choice of 1 to 5 years Max. Applicant must meet the minimum net salary requirement. Loans typically start from 3.88% p.a. 4 Personal Loans 1% Cashback Promotion Terms and Conditions apply. Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. Enjoy interest rate from 3.88% p.a. See more. These are loans available to salaried individuals who do not bank with POSB. (EIR 3.77% p.a. (National ID, Passport or Driver’s license). It is mandatory to procure user consent prior to running these cookies on your website. If a POSB personal loan is a right fit for your financial needs, head to their main website to start your application. POSB Car Loan Promotion. Bank/Lender, Telephone Number, Amount, Monthy Instalments, Account Number, Balance Outstanding e.g. Enjoy special interest rate of 1.99% p.a. You also have the option to opt-out of these cookies. This website uses cookies to improve your user experience. Personal Banking; DBS; POSB; Wealth Management ; DBS Treasures; DBS Treasures Private Client; DBS Private Bank; DBS Vickers Securities; DBS Vickers Online; Institutional … AIR – Applied Interest Rate. Note: The above table is meant for illustration. 1 DBS may grant such credit limit at its discretion, which may differ from what is requested, 2 E.I.R: Effective Interest Rate – based on 60-months loan tenure and inclusive of 1% processing fee (for Applied Interest Rate: 3.88% p.a.). Processing Fees. by posb | Oct 9, 2019. Apply for Balance Transfer online in 3 simple steps now! POSB Personal Loan product summary: Interest rate: From as low as 3.88% p.a (EIR 7.56% p.a) Loan tenures: Choice of 1 to 5 years Max. Applications such as Credit Limit increase, Balance Transfer / Personal Loan disbursed from existing products and existing principal cardholders applying for another card(s) are not entitled to the free credit report. What Makes POSB/DBS Personal Loans Stand Out to Borrowers. if your annual income is below $30,000 and you are eligible for the loan, you will be offered a rate of 11.00%p.a. + 4% processing fee (E.I.R. What the POSB Personal Loan can do for you. * Clarification: We would like to clarify that “The free Credit Bureau Report” is limited only to application of a new product such as Cashline, Credit Card, Further Study Assist. 1 file(s) 1.98 MB. Popular: Existing DBS/POSB users applying via SingSaver can get instant approval and loan disbursal. 3 people like this. 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. Mortgage Application Form. will not be considered. If you already bank with DBS, you may be able to get a personal loan approved in a matter of minutes. Please check your designated account for the crediting of the approved loan amount. Monthly Repayment. Download Document. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or … (EIR 7.56% p.a.) Applicants will be loan to loan up to 4 times their salary if they have a high annual income with good credit score while repaying the loan from 1 to 5 years. Residency. or over to qualify for a loan. Why am I seeing a different rate in the application page? 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. Shorter turnaround time for processing loan applications. This is the rate that reflects the true cost of borrowing as expressed over a reducing balance basis (similar to home loans) and is useful in comparing different loans to get the best rate. Applicant must be employed in the civil service and being paid through SSB. 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. New feature! Tollfree +263 08004271. These cookies do not store any personal information. … Learn more. (EIR 3.77% p.a. TIMB or GMB and ownership of land, i.e. Learn more. over 7 years) Learn more. POSB and DBS offer interest rates from 3.88%, which is one of the lowest advertised flat rate on the market, and makes these loans some of the cheapest available. Use POSB's Personal Loan Calculator to calculate your estimated monthly repayment based on your preferred loan amount and tenure! This is helpful as most lenders take at least one day to disburse personal … POSB Personal Loan. It may differ from the published rate and the rate offered to … Esteem Customer Information Individual Update Form. POSB Personal Loan. POSB Personal Loan from 3.88% p.a. (EIR 7.56% p.a.) 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). Low promotional interest rates. A1 or A2 lease agreement.). Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. Personal Loans – Are available to civil servants earning and not earning their salaries through POSB to cater for emergencies, small asset acquisition and general living expenses. 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. Flat interest rates at 6.99% p.a for loan amount with tenures up to 5 years. 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). This is the rate used in calculating the interest payable on your loan. Cash flow/ Group Backed Loans – Available to individuals or groups running small/ informal projects which require working capital funding. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. … Instant cash as low as 3.88% p.a (EIR 7.56% p.a)! There are no extra supporting documents required for these uses on your remaining credit limit. Calculate the monthly repayment with our handy calculator! The interest rate and processing fee offered to you is based on your personal credit and income profile. These cookies will be stored in your browser only with your consent. Original and copy of ID of applicant (National ID, Passport or Driver’s license). Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; View all results. Download Document. Don't have one? Popular. Contact Center +263 242 252595/6 * The final instalment amount may vary slightly. Enjoy 0% interest. Instant cash for POSB/DBS customers. We'll assume you're ok with this if you continue to use this website, but you can opt-out if you wish. Income. POSB or Post Office Savings Bank was established in 1877 which operated to be one of the largest local banks in Singapore. Enjoy instant approval and get cash instantly3 in your account for: Online exclusive for New-to-Bank customers! by posb | Jan 7, 2020. Current financial statements from employer (If they are not a listed company). Learn more. ^E.I.R. Income $20,000. Valid for loan amount of S$10,000 and above. Short turnaround time for processing loan applications (24hours). If you do not have an existing Cashline / Credit Card Account, you will need the following documents: Alternatively, you may … Learn more. What is a Cashline account and why is it used for DBS/POSB Personal Loan? Esteem Customer Information Update Forms. 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. Interest on the Loan shall be calculated based on a flat rate basis method (simple interest) by multiplying the principal Loan amount by the specified annual Applied Interest Rate for the full tenure of the Loan. Assuming that you are taking up a loan at $5,000 at 3.88% p.a. 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. - If you do not have a Cashline account, skip the need to provide your income documents when you apply with MyInfo. 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