POSB Loan Assist - Affordable Personal Loan

POSB Loan Assist
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Here is your opportunity to take control of your finances with a personal loan that comes with a low interest rate and up to 4 times1 your monthly income. And if your annual income is more than S$120,000, you could even get cash of up to 4X your monthly income or higher1

Fixed interest rates and easy application
An affordable loan that offers fixed interest rates depending on your loan tenure. What's more, you don't need guarantor or collateral to apply.

Better control of your finances
Spread your loan over fixed monthly instalments with your choice of loan tenure between 1 to 5 years.

Lower Interest Rates!*

Interest rate table for income earner of $30,000 per annum or more

 

Approved Loan Amount <S$3,000> <S$10,000>
Less 3% Processing Fee 3%
Less 1% Insurance Fee 1%
Disbursed Loan Amount S$2,880 S$9,600
Loan Tenure AIR (% p.a.)^ EIR (% p.a.)# Your Monthly Repayment Amount
1-year 6.18 19.03 S$265 S$885
2-year 6.18 15.59 S$140 S$468
3-year 5.88 13.71 S$98 S$327
4-year 5.88 12.96 S$77 S$257
5-year 5.68 12.09 S$64 S$214

 

Customer segment Loan Amount (S$) Tenure
Singaporean and PR, Annual income $30,000 -< S$120,000 Up to 4X1 monthly income S$1,000 - S$200,000 1 -5 years
Singaporean and PR, Annual income > = S$120,000 Up to 4X monthly income or a higher limit1 S$1,000 - S$200,000 1 -5 years
Foreigner, Annual income > = S$45,000 Up to 4X1 monthly income S$1,000 - S$60,000 1 -2 years**

Interest rate table for income earner of $20,000 to less than $30,000 per annum

Approved Loan Amount (Up to 2X monthly income) S$3,000 S$4,000 S$4,500
Less 3% Processing Fee 3%
Less 1% Insurance Fee 1%
Disbursed Loan Amount S$2,880 S$3,840 S$4,320
Loan Tenor AIR (% p.a.)^ EIR (% p.a.)# Your Monthly Repayment Amount
1-year 11 27.69 S$278 S$370 S$416
2-year 11 24.16 S$153 S$203 S$229
3-year 11 22.57 S$111 S$148 S$167
4-year 11 21.53 S$90 S$120 S$135
5-year 11 20.74 S$78 S$104 S$117

 

Loan Amount (S$) Tenure
1,000 -< 5,000 1 -5 years

Note: Minimum Loan Amount is S$1,000. For loan amount below S$3,000, the maximum loan tenure is 24 months.

(These numbers are meant for illustrative purposes only and should not be taken to be a guarantee of the actual, future or likely figures)

1 DBS may grant such credit limit at its discretion, which may differ from what is requested

^ Applied interest rate.

# Effective interest rate (inclusive of 3% processing fee and 1% insurance fee)

** If your Employment pass validity is 6 to 12 months, you may choose 12 months tenure only. If your Employment pass validity is more than 12 months, you may choose 12 months or 24 months tenure.

Processing fee of 3% and Insurance fee of 1% each will be deducted upfront from the approved loan amount

Please be informed that with immediate effect, the provision for disclosure of information in the terms and conditions governing each of the Bank's unsecured loans facilities has been revised to allow disclosure of information to any person or organisation involved in the sending or delivering of any communication to your last known address on our records. Communication will include all forms of direct mailers and advertisements (including messages printed on envelopes with DBS' name and logo).

Revision to POSB Loan Assist Terms and Conditions

Please be informed that revisions have been made to the POSB Loan Assist Terms and Conditions which will take effect on 1st July 2014. For the full list of changes, click here.

Click here to view the latest POSB Loan Assist Terms and Conditions