How does Cashline works? | POSB Singapore

Cashline

You’ve got lots to do in life. And it’s time to get charged up – with Cashline, you’ll have an instant cash boost for every need, opportunity or emergency. There’s really no stopping you nowAccess cash fast with POSB Cashline, and enjoy these benefits:

Low daily interest rate of 0.06%^

No early repayment fees. Save up to 80% in interest and fees, compared to cash advances.

^{^}Daily interest rate of 0.06% is calculated based on 365 days at the prevailing interest rate of 20.5% p.a.

Convenience in a flash

Transact like a regular bank account. Withdrawals, transfers, bill payments and more, online or at an ATM.

How is interest calculated?Interest on the Facilities will be calculated daily (0.06%), by multiplying the outstanding balance on Facilities by the Prescribed Rate and then dividing by 365/366 (in a leap year), subject to a minimum interest charge of S$10.00.For example: Suppose you withdraw from your POSB Cashline account S$2,000 for 30 calendar days.

Cashline Balance

30 days interest

Cashback (Savings)

Total Interest Cost

$2,000.00

$33.70

$20.00

$13.70

How much do I have to pay back?You only need to repay the monthly minimum payment of 2.5% of the outstanding balance or S$50, whichever is higher, plus any overlimit or overdue amount.

How do I know when and how much to pay?Your POSB Cashline monthly statement of account will inform you of your minimum payment due as well as your due date. The monthly statement of account will detail all your withdrawals and deposits within one month from the statement date.

How do I make repayments?Skip the queue and make seamless repayment via DBS iBanking or Digibank app. Repayments made are instantly reflected in your DBS Cashline account.

Using DBS iBanking (click here for payment guide)

Using DBS Digibank app (click here for payment guide)

Other repayment options (requires 1 – 3 working days for processing):

Using AXS

AXS Station – self-service kiosks
AXS QuickBill – over-the-counter at Cheers & Fairprice Xpress stores
AXS e-Station – online at www.axs.com.sg
AXS m-Station – mobile app on IOS & Android

Using our DBS/POSB ATMs

Cash Repayment at DBS/POSB branches

How is POSB Cashline different from a Personal Loan?

	POSB Cashline	Personal Loan
Description	POSB Cashline is a personal line of credit for your short-term borrowing needs. Think of it as a standby stash of cash.	Personal loans, however, are long-term loans spanning anywhere from 1-5 years.
Repayment	Repaying your POSB Cashline amount is flexible. Repay it in days, weeks or months. There is only a minimum monthly repayment of 2.5% of your outstanding amount or S$50, whichever is higher.	Personal Loans offer a fixed monthly repayment plan ranging from 1-5 years.
Interest/Fee	Interest is accrued daily at 20.5% p.a. (or 0.06% per day) with no processing fee.	Fixed interest is charged upfront over your loan tenure. From 3.88% p.a. + 1% processing fee (E.I.R 7.56% p.a.)

How is POSB Cashline different from Cash Advance?

	POSB Cashline	Personal Loan
Description	POSB Cashline is a personal line of credit for your short-term borrowing needs. Think of it as a standby stash of cash.	Personal loans, however, are long-term loans spanning anywhere from 1-5 years.
Repayment	Repaying your POSB Cashline amount is flexible. Repay it in days, weeks or months. There is only a minimum monthly repayment of 2.5% of your outstanding amount or S$50, whichever is higher.	Personal Loans offer a fixed monthly repayment plan ranging from 1-5 years.
Interest/Fee	Interest is accrued daily at 20.5% p.a. (or 0.06% per day) with no processing fee.	Fixed interest is charged upfront over your loan tenure. From 3.88% p.a. + 1% processing fee (E.I.R 7.56% p.a.)

Other ways to use CashlineYou can also tap on your Cashline account to apply for the following:

DBS Personal Loan

Fixed repayment from as low as 2.88% p.a. + 1% processing fee (E.I.R. 5.79% p.a.)
Tenures between 1 to 5 years

Apply now Learn more

DBS Balance Transfer

Interest free loan for up to 12 months
Flexible repayment from as little as S$50 or the minimum due on your statement balance, whichever is higher

Apply now Learn more

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