Instant approval (if you have a DBS/POSB credit card + savings account)
Instant cash disbursement
No, interest rate is adjusted based on your risk profile
The actual interest rate for a DBS/POSB personal loan is personalised based on your risk profile and credit history. You may get a higher interest rate when you apply for the loan. Also, note that foreigners get only 1 to 2 years loan tenure.
Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.