Interest Rate
(EIR 10.50% p.a.)
Total Amount Payable
Processing Fee
Key features
Key Features
  • No processing fees at all
  • Choose loan tenure from 3-7 years
  • Get a credit card with a limit of 1X your monthly income
  • Complimentary protection insurance coverage of up to S$160,000
  • Total interest-bearing outstanding balances on credit cards and personal loans must be at least 12X your monthly income
  • If this your first DCP, your loan amount approved/disbursed will be the outstanding bills and interest, plus 5% on top of that. E.g. A first DCP loan of $30k, the loan amount approved/disbursed will be $31.5k
Repayment Summary

Principal Loan Amount


Loan Tenure

3 years

Interest Rate (p.a)


Monthly Instalments


Total Amount Payable


Total Interest Payable



Citizenship Status

Singaporean / PR

Age Requirement

21 years old and above

Employment Status

Salaried Employee

Minimum Annual Income


Fees & Charges

Processing Fee


Restructuring Fee


Late Payment Fee

Rate/amount specified in your Approval Letter will apply until payment in full is received by the bank

Partial Repayment Penalty

No partial prepayment allowed

See all debt consolidation plan

MoneySmart lists Debt Consolidation Plan products that range between a minimum of 1 to a maximum of 10 years. The effective interest rate (EIR) of loan products on our site range from 7.70% p.a. to up to 11.08% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs.

For example, you would need to pay S$311/month for a S$10,000 Debt Consolidation Plan with a loan tenure of 3 years at 3.98%pa Interest Rate (7.70% EIR). This would equate to a total payment of S$11,393 over 3 years. Please view each Debt Consolidation Plan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).