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POSB Car Loan Promotion
Receive up to 50,000 DBS Reward Points* when you apply online for your car loan at 1.99% p.a. fixed flat rate (EIR 3.77% p.a. based on a 7 –year loan tenor)!
A few minutes is all you need to enjoy this attractive offer. Apply online through digibank or MyInfo.
Enjoy this great offer in just two steps
Step 1: Click on Apply now
Step 2: Login via digibank and / or MyInfo to complete this application
New feature! - Enjoy less hassle and skip the need to provide income documents when you retrieve your personal information via MyInfo.
The promotion is open to customers who apply for a DBS/POSB Car Loan online, towards the purchase of a pre-owned car. To qualify and be eligible to receive up to 50,000 DBS Points (“Gift”), a minimum loan amount of $10,000 and a minimum loan tenure of 3 years is required.
Customers may hold any of the following DBS credit cards to be eligible for the Gift: DBS Insignia Visa Infinite/DBS Treasures Black Elite American Express/DBS Altitude American Express/DBS Altitude Visa Signature/DBS Woman MasterCard World/DBS Woman Platinum MasterCard/DBS Black Visa/DBS Black American Express/DBS Visa Platinum/DBS MasterCard Platinum. Eligible customers must have a valid DBS Credit Card Account that is active and in good standing at point of car loan application.
Each eligible customer is eligible to receive up to 50,000 DBS Points based on the loan quantum and in the form of one-time crediting of Gift to the eligible customer’s DBS Credit Card account, where he/she had successfully taken up the car loan with DBS. The Gift will be credited to customer’s valid DBS Credit Card Account after loan disbursement.
The approved loan amount is capped at 60% or 70% of the Nett Purchase Price (less the value of DBS Points) or Nett Valuation Amount, whichever is lower, depending on the Open Market Value of the vehicle. For the purpose of this promotion, the Nett Purchase Price is derived as follows: "Nett Purchase Price = Advertised Purchase Price - (value of Reward Points)“.
Access to credit report: You may obtain a free credit report within 30 calendar days from the date of application. There are two ways to obtain a free credit report. You can go to the credit bureau website listed below or bring your approval or rejection letter and your original NRIC to the credit bureau’s registered office. Credit Bureau (Singapore) Pte Ltd is located at 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: (65) 6565 6363. Website: www.creditbureau.com.sg
Terms and Conditions
Get the full terms and conditions regarding these promotions below.
DBS Car Loan Online Promotion