POSB Debt Consolidation Plan

Low Interest rates

Save on interest charges with interest rates from as low as 3.58% p.a. (EIR 6.56% p.a.)#

Apply for New-to-DCP today and enjoy:

1% Cashback on approved loan amount+

With minimum loan tenure of 72 months (6 years)

Refinance your existing Debt Consolidation Plan to POSB and enjoy:

5% Cashback on approved loan amount^

with minimum loan tenure of 72 months (6 years)

Promotion ends 31 December 2022. Hurry and apply now!

New-to-DCP 1% Cashback Promotion Terms and Conditions and Refinance 5% Cashback Promotion Terms and Conditions apply.

+New-to-DCP 1% Cashback Promotion Terms and Conditions.

^Refinance 5% Cashback Promotion Terms and Conditions.

How to apply?

You will need a DBS / POSB deposit account (excluding Joint All, Trust, MSA, SAYE, FCCA and POSB current accounts) for the repayment of the loan.

If you do not have an existing DBS / POSB account, click here to apply before beginning your Debt Consolidation Plan application.

  Application via digibot
Step 1

Download and fill up the editable Debt Consolidation Plan PDF application form. To have the best experience please complete the form using Adobe Acrobat Reader on your Personal Computer.

Download

Step 2

Check that all required documents are in order.

For New to Debt Consolidation

  • Completed PDF application form
  • Income documents
  • Credit Bureau Report (current or less than 2 months validity)
  • All Bank Statements (statement must clearly show Bank’s name, account number and outstanding balances)

For Refinance to DBS Debt Consolidation Plan

  • Completed PDF application form
  • Income documents
  • Credit Bureau Report (current or less than 2 months validity)
  • Early settlement letter
  • Survival credit card statement

For Repayment Terms Revision

  • Completed PDF application form
  • Income documents

Important note:
Please note that maximum 5 files are allowed to be uploaded. Supported file are JPG, PNG, PDF. Maximum of 4MB each. You may refer to the guide here on how to combine your documents.

Step 3

Submit your application online seamlessly and fully assisted by our digibot. You will need to authenticate yourself via:

  • Your Digibank User ID and PIN, OR
  • ATM, Debit or Credit Card number and PIN

Please wait a few seconds for the digibot to be activated and it will guide you through your application.

Apply Now


For more information on POSB Debt Consolidation Plan

Find out more

# Effective Interest Rate – based on S$63,000 loan amount for 96-months loan tenure and 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, subject to the bank’s discretion.

 

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