Instant approval (if you have a DBS/POSB credit card + savings account)
Instant cash disbursement (if you apply on MoneySmart)
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.
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