POSB Everyday Card - My Preferred Payment Plan

POSB Everyday Card

My Preferred Payment Plan

If there’s an exotic getaway or expensive purchase you’ve been dreaming of, why wait?

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 24 months
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 24 months
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 MP3<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.