MoneySmart Exclusive
POSB Personal Loan (Existing POSB customers)

POSB Personal Loan (Existing POSB customers)

MoneySmart Says

POSB personal loans are easy to apply for if you are already a DBS/POSB customer. You can apply for it through internet banking and get it with minimal fuss - approval is instant, and the cash is disbursed immediately. But if you are not an existing customer, you will need to apply for a DBS/POSB credit card and savings account, so do this only if you are not in a rush to get the loan. You can apply for a DBS/POSB credit card and/or a savings account through MoneySmart as well.

3.88%
Interest Rate*
S$11,164
Total Amount Payable
S$100
Processing Fee

MoneySmart Exclusive

Secured application via DBS ibanking account on MoneySmart and get your instant approval!

Valid till 30 Apr 2020

More Details
  • Enjoy interest rates from 3.88% p.a.*
  • You will be directed to authenticate with DBS
  • Login with your DBS digibank ID and apply to get your loan approved instantly and enjoy instant cash disbursement
  • You will need to have an existing eligible (i) Cashline and/or Credit Card account to grant the loan amount, and (ii) an existing eligible DBS/POSB deposit account (excluding Joint All, Trust, MSA, SAYE and POSB current accounts) for loan disbursement
  • MoneySmart does not retain any information related to your DBS account
  • *Note that the rates provided to you are customised and might differ from what's displayed here

Quick Facts

Loan Approval Time

Immediate if you have a DBS/POSB credit card and savings account.

Easy of approval

Easy for existing customers, challenging for new customers.

Pre-requisits

DBS/POSB credit card and a DBS/POSB deposit account.

Best for

Seamless application journey. Apply directly on MoneySmart and enjoy instant cash disbursement.

The Bottom Line

Good for existing DBS/POSB customers who have cashflow needs. Apply only if you already have a DBS/POSB credit card and savings account - application is fuss-free and you get cash instantly.

What you need to know

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. Foreigners get only 1 to 2 years loan tenure.

Likelihood of getting the advertised IR

Personalised Pricing

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POSB Personal Loan (Existing POSB customers)

POSB Personal Loan (Existing POSB customers)

Per Month
S$310
Apply NowApply directly on MoneySmart