Interest Rate
(EIR 8.65% p.a.)
Total Amount Payable
Processing Fee
Get 3% Cashback on Approved Loan Amount
  • NEW! 3% cashback on approved loan amount when you refinance your debt consolidation plan with POSB
  • Min. 6 years loan tenure to enjoy this promotion
  • Valid for application from 01 July 2019 to 31 Dec 2019, with documents submission before 15 Jan 2020
  • Bank Terms and Conditions apply
Key features
Key Features
  • Consolidate your outstanding across all banks with POSB Debt Consolidation Plan
  • Enjoy interest rate as low as 3.98% p.a.
  • Loan tenure of 1 - 8 years
  • Bonus: 3% cashback on your approved loan amount when you refinance with POSB today
  • Get a credit card with limit of 1x monthly income for your daily expenses
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 - 65 years old

Employment Status

Employed, Self-employed and Commission earner

Minimum Annual Income


Fees & Charges

Processing Fee


Late Payment Fee


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).