POSB Everyday Card - My Preferred Payment Plan

POSB Everyday Card

My Preferred Payment Plan

Why wait to treat yourself? Now you can get that holiday or expensive item you’ve been craving and pay it off gradually.

Simply convert your purchases to a monthly instalment plan!

In addition to 3, 6, and 12-month instalment plans, My Preferred Payment Plan now gives you the added flexibility to pay over an 18 or 24-month instalment plans. All instalment plans come at no interest and a low processing fee. This applies to local as well as overseas purchases.

You can even combine up to 5 transactions to meet the minimum requirement of S$500!

My Preferred Payment Plan options

Tenure 3 months 6 months 12 months 18 months NEW 24 months NEW
One-Time Processing Fee
(based on transaction amount)
3% 3% 5% 6% 6%
Effective Interest Rate 18.18% p.a. 10.43% p.a. 9.50% p.a. 7.86% p.a. 5.98% p.a.

For example, based on transaction amount of S$2,700:

Tenure 3 months 6 months 12 months 18 months NEW 24 months NEW
Monthly Instalment S$900 S$450 S$225 S$150 S$112.50
One-Time Processing Fee
(based on transaction amount)
S$81
(3% of S$2,700)
S$81
(3% of S$2,700)
S$135
(5% of S$2,700)
S$162
(6% of S$2,700)
S$162
(6% of S$2,700)

Apply now via 2 easy ways:

  Download the application form here. Mail or fax the completed form to 6782 1063.
   SMS MP3A<space>NRIC to 76060. You will receive a call from us within 3 working days to complete your application.

For Terms and Conditions Governing My Preferred Payment Plan, please click here.