How to pick a loan
Get the knowledge you need to find a suitable loan for all your needs
How to pick a loan
At a Glance
A loan is a needs-based financial solution
Approval is based on creditworthiness, without needing collateral
Loans can help you manage your cashflow better
They can offer lower interest repayments
Some loans come with flexible repayment plans
Start with your needs
The right loan is one that matches your needs. Swipe left to learn more about the features of different loans that best fit your situation.
Disclaimer: The interest rate and processing fee offered to you are based on your personal credit and income profile, which may differ from the published rates and the rates offered to other borrowers.
Picking a loan based on repayment plans
We know everyone’s financial situation is different. So we’ve mapped out the different loans based on repayment terms, to guide you to the loan that’s the best fit.
For more details on each solution, click a book on the map to go to the respective loan page.
Start here to find a loan solution
Work out the loan solution you need!
The loan solution you need is:
Cashline
DBS may grant such credit limit at its discretion, which may differ from what is requested.
Here's your monthly interest repayment breakdown:
Disclaimer: 20.50% per annum, effectively 0.08% per day. Interest rates may differ.
If you're using your credit card:
Balance Transfer
Your loan repayment breakdown:
| Tenure | Compare repayment breakdown | ||
|---|---|---|---|
| One-time administration fee | S$ 00.00 Based on 0% admin rate | S$ 00.00 Based on 0% admin rate | S$ 00.00 Based on 0% admin rate |
| Interest payable with Balance Transfer (0% p.a.) | S$ 0.00 | S$ 0.00 | S$ 0.00 |
| Effective Interest Rate (EIR) * | 12.50% | 12.50% | 2.00% |
| Min. payment per month ^ | S$ 0.00 | S$ 0.00 | S$ 0.00 |
| Interest payable on your credit card (24% p.a.) | S$ 00.00 | S$ 00.00 | S$ 00.00 |
| Your savings with Balance Transfer vs. Credit Card | S$ 00.00 | S$ 00.00 | S$ 00.00 |
* The Effective Interest Rate is calculated taking into consideration the administration fee, and is based on the assumption of a minimum monthly payment of 2.50% for Cashline / 3.00% for DBS/POSB Credit Card(s) of the outstanding and full payment in the final month of the promotional period.
^ The minimum payment is S$50 or 3.00% of the statement balance, whichever is higher.
Personal Loan
| Tenure | Compare your term period | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|---|
| Max loan Loan amount | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | |
| Interest rate (p.a.)* | - % | - % | - % | - % | - % | |
| Effective interest rate (p.a.) | - % | - % | - % | - % | - % | |
| One-time processing fee (1%) | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | |
| Monthly repayment^ | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 |
* The interest rate and processing fee offered to you is based on your personal credit profile and may differ from the published rate and rate offered to other borrowers. Please refer to the actual rate in the online application form.
^ The monthly and total repayment amount shown is only an estimation and may differ due to rounding differences. The actual monthly repayment will be indicated in the letter mailed to you upon approval of your loan.
The loan solution you need is:
Further Study Assist
- Total disbursement amount should match the loan amount indicated.
- Month of disbursement should be in sequence with no duplicates.
- Total number of disbursement should match what was indicated.
| Disbursement | Month of Disbursement (in sequence) | Disbursement Amount (S$) | Instalment Effective from Month | Estimated/ Revised Monthly instalment* |
|---|---|---|---|---|
| 1st (incl. processing fee) | 0 | S$ | 1 | S$ 0.00 |
| Disbursement Total | 0 | S$ 0.00 | ||
* The monthly and total repayment amount shown is only an estimation and may differ due to rounding differences. The actual monthly repayment will be indicated in the letter mailed to you upon approval of your loan.
Work out the loan solution you need!
≥ S$30,000 p.a. < S$120,000 p.a.
To be eligible, your Balance to Income Ratio (BTI) must be more than 12x your monthly income.
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Debt Consolidation Plan
Enjoy interest rates from as low as 3.58% p.a.
| Tenure | Compare your term period | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years | 6 Years | 7 Years | 8 Years |
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | |
| Monthly instalment | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | |
| Interest rate (p.a.) * | - % | - % | - % | - % | - % | - % | - % | - % | |
| Effective interest rate (p.a.) | - % | - % | - % | - % | - % | - % | - % | - % | |
| Processing fee ^ | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | |
| Total loan amount (with interest) | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 | S$ 0.00 |
Note:
* The interest rate indicated is the lowest published rate and may differ from what is offered to you. The interest rate and fee offered to you will be displayed during your application and is based on your personal credit and income profile, subject to the bank’s discretion.
* The interest rates used in this calculator and the amounts shown are for illustration purposes only.
^ Figures are for illustration only. Processing Fee is charged upfront together with your first monthly instalment.
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