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.
From 2.68%
Interest Rate*
Total Amount Payable
From 1% of Approved Loan Amount
Processing Fee
Online Promo
Enjoy 2% unlimited cashback when you apply for a loan today! T&Cs apply.
Valid until 30 Sep 2024 - See more details below

Are you eligible?

    • Approved loan amount must be minimum S$5,000 with a minimum loan tenure of 36 months and above
    • Applications must be submitted and approved via self-apply online application platform. 
    • Enter promo code POSBPL during online application

What you need to know

  1. Enjoy 2% cashback when your approved loan amount is at least S$5000 & your loan tenure has a minimum tenure of 36 months

Quick Facts

Best For

Seamless application journey

Loan Approval Time

Instant approval (if you have a DBS/POSB credit card + savings account)

Loan Disbursement

Instant cash disbursement (if you apply on MoneySmart)

Guaranteed Interest Rate?

No, interest rate is adjusted based on your risk profile

Expert Tips

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.

All Details

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.

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