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Get instant cash at 0% interest with POSB Balance Transfer

Unplanned bill stress? Consolidate outstanding balances at 0%¹ interest
Get instant cash² to pay outstanding bills at 0% interest
Choose flexible repayment options with 3-, 6- or 12-month tenures​
Pay off early with no early repayment fee​
POSB Balance Transfer
Get instant cash at 0% interest with POSB Balance Transfer
Apply now
Overview
Overview
How to apply
Eligibility
FAQ
Important notes

Apply for POSB Balance Transfer today!​

POSB digibank Online​POSB digibank Mobile​New to POSB digibank?​
1
Log InLog in to digibank Online with your digibank User ID & PIN
2
Start ApplicationTap on Start to begin your Balance Transfer application
3
Select ProductChoose to apply on Cashline, Credit Card, or both
4
Enter Loan DetailsChoose your borrowing amount and preferred loan tenure
5
Select Crediting AccountSelect the DBS/POSB Crediting Account and your Cashline or Credit Card Account and enter Promo code (if any)
6
Review and SubmitReview your application and tab Submit to submit the application request

Eligibility & Fees ​

You must hold a DBS/POSB Cashline and/or DBS/POSB Credit Card.​

Age​

21 – 70 years old​

Rates and fees​

Tenure: 3 months
Applied interest rate p.a.1 : 0%​
Administration fee1 : 1.8%​​
Effective interest rate4 : 7.34% (Cashline) / 7.38% (Credit Card)​

Tenure: 6 months ​
Applied interest rate p.a.1 : 0%​​
Administration fee1 : 2.5%​​
Effective interest rate4 : 5.27% (Cashline) / 5.34% (Credit Card)​

Tenure: 12 months​
Applied interest rate p.a.1 : 0%​​
Administration fee1 : 4.5%​​
Effective interest rate4 : 5.06% (Cashline) / 5.20% (Credit Card)​


For full list of fees and interest charges, please visit List of Fees and Charges.​

Income documents​

No income documents required​

To receive funds​

You’ll need a DBS/POSB deposit account (Joint-All, Trust, MSA, SAYE, or POSB current accounts are excluded). Click here to apply.​

Frequently Asked Questions​

Items to Note

Apply for Cashline

Tips: Apply on your Cashline to keep your loan repayments separate from your regular spending. Don’t have a Cashline yet?

Apply now

1 One-time administration fee

The one-time administration fee will be charged to your Cashline/Credit Card. The 0% interest rate will revert to the prevailing interest rate after the loan expires.

2 To note for funds disbursement

Please note that for loans approved after 11.45pm daily or 9pm during month end (e.g. 31 Mar), the funds will only be credited to the designated deposits account on the following day. If the following day falls on a Sunday or Public Holiday, the crediting will be on the next following day (e.g. Monday to Saturday).

3 Terms & Conditions for promotions

Terms & Conditions apply, please refer to the promotion page.

4 EIR

The effective interest rate, which includes the administration fee, is determined by the reducing outstanding balance throughout the loan tenure. This calculation presumes a monthly minimum payment of 2.5% for Cashline and 3% for DBS/POSB Credit Cards, along with any interest and fees charges, and a final full payment in the loan's last month. Interest and fees charges are subject to compounding if it is not paid in full.

For more information on applied and effective interest rates, please visit www.moneysense.gov.sg

Unsure of which POSB Instant Loan product to select?

Cashline, Personal Loan, or Balance Transfer – confused about which loan to pick? Our easy-to-use calculator helps you find the perfect fit with the lowest interest and fees for your needs.