POSB Debt Consolidation Plan
Clear debt with one fixed monthly payment from interest rates as low as 3.58%p.a. (EIR 6.56%p.a.)
POSB Debt Consolidation Plan
At a Glance
Low Interest rates#
Save on interest charges with rates from as low as 3.58%p.a (EIR 6.56%p.a.)*
Loan tenure of up to 8 years
Fixed monthly instalments over tenure of 1 to 8 years
Consolidate all your outstanding across all banks
Ease of repayment to a single loan with automated monthly deductions
Bundled with a Credit card for your daily expenses
Get a credit card with credit limit of 1x monthly income
# Effective Interest Rate (inclusive of processing fee)
The interest rate offered to you is based on your personal credit profile and may differ from the published rate and the rate offered to other borrowers.
Promotion
How it Works
Eligibility & Fees
Eligibility
| Nationality | Singaporean/Permanent Resident |
| Age | 21 - 65 years old |
| Annual Income | >=30k to < $120k |
| Balance to Income Ratio (BTI) | More than 12 times of monthly income |
Fees
| Processing Fee | $99 |
| Early Termination Fee | 5% on the balance outstanding at point of termination |
| Late Fee | $90 |
Calculator
Calculate the monthly repayment with our handy calculator!
Visa Credit Card
DBS Debt Consolidation Plan comes with a DBS VISA Platinum Credit Card to provide you with a convenient mode of payment for managing your daily essentials.
- This Card only have a maximum credit limit of 1x monthly income.
- No annual fee.
Click here to find out more about DBS Card fee and charges.
Mandatory Documents
- Copy of NRIC (Front and Back) AND
- Latest Credit Bureau report3 AND
- Income documents (any ONE of the following)
Frequently Asked Questions
Click here to find out more.
Terms and Conditions
Click here to find out more.
1 Calculated based on 25.9%p.a
2 Calculated based on 3.58%p.a. (AIR), 6.56%p.a. (EIR)
AIR - Applied Interest Rates EIR - Effective Interest Rates (inclusive of processing fee)
3 You can obtain a copy of your Credit Bureau report in-person either at CBS office or any SingPost branches, or through www.creditbureau.com.sg with your SingPass. A transactional fee of S$6.42 (inclusive of GST) applies.
4 You can now print your Income Tax Notice of Assessment at myTax Portal with your SingPass or IRAS PIN. The service is free. Log on to https://mytax.iras.gov.sg for more details.
5 Please note that your CPF documents submitted online are only available for up to 7 days from the date of submission.
6 Income documents are not required on condition that your salary is credited via GIRO, to your own Personal POSB/DBS Account for at least 3 consecutive months. The Bank will review, and if necessary, adjust the current combined credit limit of all unsecured accounts based on the latest salary crediting information provided.
7 DBS reserve the rights to reject any of the documents provided.
Applications not accompanied with required documents or with incomplete information will cause a delay in processing
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