posb personal loan

… Pensioners and pension beneficiaries aged between 18 and 68 are eligible for this loan. Original and copy of IDs for all applicants. If you do not have an existing DBS/POSB deposit account, you can choose your desired account here and apply online. What do I do with the remaining credit limit in the Cashline account? Personal Loans. Personal Loans – Are available to civil servants earning and not earning their salaries through POSB to cater for emergencies, small asset acquisition and general living expenses. S$100. 1 DBS may grant such credit limit at its discretion, which may differ from what is requested, 2 E.I.R: Effective Interest Rate – based on 60-months loan tenure and inclusive of 1% processing fee (for Applied Interest Rate: 3.88% p.a.). Applicants must receive their salary through their Individual Account for at least 3 months. On line exclusive for New-to-Bank clients! Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Borrow. Learn more. Applicant must be employed in the civil service and being paid through SSB. Get Instant Cash. Personal Loans 1% Cashback Promotion Terms and Conditions apply, Terms & Conditions Governing Electronic Services, New customers currently credit salary into a DBS/POSB deposit account, Singaporean Citizen or Singapore Permanent Resident. A SMS confirmation for an approved Cashline account (if applied for a Cashline account) and/or approval letter(s) of the applied Cashline or Credit Card. What the POSB Personal Loan can do for you. Proof of permanent employment i.e an original payslip and a clear photocopy of the same. Applicant must receive their salary through their Individual Account for at least 3 months. Enjoy 0% interest. 4 Personal Loans 1% Cashback Promotion Terms and Conditions apply. Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. These are loans available to salaried individuals who do not bank with POSB. admin / March 28, 2016. … Bank/Lender, Telephone Number, Amount, Monthy Instalments, Account Number, Balance Outstanding e.g. We also use third-party cookies that help us analyze and understand how you use this website. POSB will consider you for a personal loan if you are between 21 and 65 years old. POSB Personal Loan from 3.88% p.a. DBS and POSB jointly offers one of the best personal loans in Singapore, with competitive competitive interest rates for both locals and foreigners. Submission of schedule of eligible employees by the employer. Popular. These cookies do not store any personal information. 4. Instant cash as low as 3.88% p.a (EIR 7.56% p.a)! Learn how you can easily apply for a DBS Personal Loan here. If you are an existing Cashline account or Credit Cardholder, you will receive: For DBS/POSB customers without Cashline or Credit Card. Read More. POSB Personal Loan. Comes with an affordable Pensioner Guarantor Plan. The interest rate and fee indicated is the lowest published rate and may differ from what is offered to you. Loans typically start from 3.88% p.a. Cons. Enjoy special interest rate of 1.99% p.a. POSB Personal Loan POSB Loan Assist is a unsecured loan where no guarantor and collateral is needed. POSB … if your annual income is below $30,000 and you are eligible for the loan, you will be offered a rate of 11.00%p.a. Applicants need … If a POSB personal loan is a right fit for your financial needs, head to their main website to start your application. You will need a DBS/POSB account to receive the funds upon approval. Why am I seeing a different rate in the application page? We'll assume you're ok with this if you continue to use this website, but you can opt-out if you wish. Credit Bureau (Singapore) Pte Ltd 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: (65) 6565 6363 www.creditbureau.com.sg. (EIR 3.77% p.a. by posb | Jan 7, 2020. While most banks take at least a day to disburse personal loans, POSB & DBS instantly provide funds to their credit card and credit line customers, as well as new customers that credit their salary into a POSB or DBS deposit account. 1 file(s) 1,005.46 KB. You can do an online DBS/POSB Personal Loan application in 2 ways: Learn how you can easily apply for a POSB Personal Loan here. I do not have a deposit account with DBS/POSB. Flat interest rates at 6.99% p.a for loan amount with tenures up to 5 years. Benevolent/ Emergency Medical Services Loans – Accessible to individuals or groups of up to 3 people to help meet funeral expenses or unforeseen medical expenses. ^E.I.R. Enjoy interest rate from 3.88% p.a. Zalora Singapore. Cons . Pros: Cons: Instant cash for POSB/DBS customers : Low … This is the rate used in calculating the interest payable on your loan. Popular searches. A SMS confirmation that your DBS/POSB Personal Loan is approved. Get Instant Cash. over 7 years) Learn more. Simply the plain thing to light you up! Get Instant Cash. From taking up a new loan to refinancing, POSB offers a wide range of fixed and floating home loan interest rates to suit different needs. Monthly Repayment. Illustration on interest payable for a S$10,000 loan with 3.88% AIR and 5 years tenure. Loan... Corporate Loans. Enjoy interest rate from 3.88% p.a. Original and clear copy of current payslip. How do I proceed? Cash flow/ Group Backed Loans – Available to individuals or groups running small/ informal projects which require working capital funding. Learn more. Alternatively, you may bring the approval or rejection letter and your NRIC to the following credit bureau’s registered office to obtain a free credit report. Here are its highlights: Low fixed interest rate from 3.88% p.a. Learn more. Letter from the university or tertiary institution confirming beneficiary is an enrolled student, level of completion and certified fees invoices. Just the thing to light you up! If you already bank with DBS, you may be able to get a personal loan approved in a matter of minutes. Permanently employed guarantor whose salary is sufficient to cover loan repayments.. This is helpful as most lenders take at least one day to disburse personal … Bank; Cards; Insure; Borrow; Invest; Learn; Marketplace; ATM & Branch; You are in Personal Banking. Personal Loan Application Form. DBS/POSB Personal Loan: 3.88% (EIR 7.9%)* 1% of loan amount: No: Citibank Quick Cash Loan: 3.99% (EIR 7.5%) None: Yes (with $20,000 loan) Standard Chartered CashOne Personal Loan: Low interest rates, and cashback. POSB Car Loan Promotion. How is the interest on my DBS/POSB Personal Loan repaid across the monthly instalments? over 7 years) Learn more. (EIR 3.77% p.a. Esteem Customer Information Business Update Form. * Clarification: We would like to clarify that “The free Credit Bureau Report” is limited only to application of a new product such as Cashline, Credit Card, Further Study Assist. The POSB Personal Loan lets you apply to borrow up to four times your monthly salary or up to ten times your wages if you earn over S$120,000 per year at competitive rates. Apply Online Now . Shorter turnaround time for processing loan applications. Original Identity Document such as National ID, Passport or Driver’s License and a clear photocopy of the same. Enjoy … DBS fixes your interest rate based on factors individual to you, including your credit score. Enjoy special interest rate of 1.99% p.a. Don't have one? 3 people like this. Hence, it may differ from the published rate and the rate offered to other borrowers. Popular: Existing DBS/POSB users applying via SingSaver can get instant approval and loan disbursal. Income. Enjoy interest rate from 3.88% p.a. In groups of 3 who all cross guarantee each other, the group will collectively apply for individual loans. POSB Enhanced … You also have the option to opt-out of these cookies. DBS Bank provides affordable personal loans with low interest rates depending on loan tenure. Residency. Up to 70% off storewide 40% off + 20% cashback with "SAVINGS40" NTUC FairPrice … over 7 years) Learn more. You can choose your desired account here and apply online. Featured; Home Loans; Personal Loans; Car Loan; Education Loans; Promotions; Promotions. POSB or Post Office Savings Bank was established in 1877 which operated to be one of the largest local banks in Singapore. (or 7.56% EIR). You can’t apply for this loan product if you don’t already hold certain … (EIR 7.56% p.a.) Rating: 0.0/5.0 (0 Reviews) Interest Rate From 7.56%. Learn more. Once your account is opened, you can apply for the DBS/POSB Personal Loan. Civil Service Employees who are paid through Salary Services Bureau (SSB) and do not receive salaries through POSB are eligible for Mutually Guaranteed Loans. Processing Fees. Transactional Accounts Investment Banking … Apply for one here first! for 2 years (EIR 8.20% p.a. Low promotional interest rates. DBS POSB Personal Loan Review 2020. Contact Center +263 242 252595/6 School Fees Loans – Can be accessed by individuals who require quick financial assistance to cover school fees and other school related expenses. This package is valid with a minimum loan amount of S$100,000 with 2 years lock-in period. Enjoy instant approval and get cash instantly3 in your account for: Online exclusive for New-to-Bank customers! Proof of income (pay slip /income statement for parent or guardian/guarantor), Confirmation letter from employer for parent or guardian/guarantor, Trade references for farmers (proof of 2 previous seasonal sales and agents that were involved e.g. S$310. You must be a citizen of Singapore or have permanent resident status. Instant cash for POSB/DBS customers. E.g. (EIR 7.56% p.a.) Apply for POSB Personal Loan today and receive 1% cashback on your approved loan amount!4. Learn more. Switchboard Lines +263 242 793831-7. POSB Personal Loan product summary: Interest rate: From as low as 3.88% p.a (EIR 7.56% p.a) Loan tenures: Choice of 1 to 5 years Max. How do I apply for a DBS/POSB Personal Loan after I click on "Apply Now"? How about the remaining credit limit in my Credit Card? On the other hand, POSB insurance products include premiums that cover property, travel, car and education among others. Use POSB's Personal Loan Calculator to calculate your estimated monthly repayment based on your preferred loan amount and tenure! 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. 3.88% Annual Interest RateEIR 7.9% p.a. 3 DBS will only process applications that meet the bank's internal requirements. Age. Any customers looking for loans with loan tenures of more than five years will not be able to submit an application form to POSB – as 5 year tenures are the longest … Floating Rate Packages 2-Year Lock-in. You have the flexibility to use the available credit limit (up to 95%) to take up another DBS/POSB Personal Loan or you can use the available credit limit as a standby credit line for short term usage. The University Education Loan Support Facility is designed to assist current and prospective students who do not have the requisite financial resources to support their University or tertiary education. Apply for Balance Transfer online in 3 simple steps now! What is a Cashline account and why is it used for DBS/POSB Personal Loan? Applications via other channels (i.e Telesales or Branch sales staff etc.) POSB is an International Financial leader with branches is Singapore, Hong Kong, China, Indonesia, India and Taiwan. This website uses cookies to improve your user experience. The interest portion will be reduced gradually with each instalment (see below for the repayment schedule illustration). (EIR 3.77% p.a. Enjoy instant approval and get money immediately 3 in your bank take into account: Advertising. Available to Individual Account holders who receive their salaries through POSB. POSB is a Member of the Deposit Protection Corporation. POSB Car Loan Promotion. Reviews ) interest rate from 7.56 % pa AIR + 1 % processing fee offered to … Lines! Can also access the POSB salary based Overdraft facility do with the remaining credit limit lock-in period must! Who require quick financial assistance to cover school fees Loans – available to individuals or groups running small/ informal which. Utility Bills, Council Bills, Council Bills, Council Bills, Letter from employer, Chief... Above table is meant for illustration interest payable for a s $ 10,000 and.. Used for DBS/POSB customers Loans in Singapore that range from 1-year to 7-year.... With a flat interest rate based on your preferred loan amount effect on your browsing experience what is offered you! Loan brings you cash that is approved ; GIRO ; Travel … Makes. 68 are eligible for this loan to function properly amount and tenure Cashline account Accounts Investment Banking … Personal... ( 24hours ) DBS/POSB users applying via SingSaver can get instant approval & cash disbursement approved. Are no extra supporting documents required for these uses on your browsing experience title deeds/lodgers Card, account! Cash instantly3 in your bank take into account: Advertising – can be accessed by individuals who require quick assistance! Financial statements from employer, Village Chief, District Council, Headmaster.! And get 1 % cashback Promotion Terms and Conditions apply approval time: instant &! Their salary through their individual account holders who receive their salaries through POSB loan brings you cash. Your credit score rates from as low as 3.88 % AIR and years. Fixes your interest rate and may differ from the published rate and processing fee offered …!, please visit www.moneysense.gov.sg ; Marketplace ; View all results ) at 7.56 % p.a. ) Corporation! Applications that meet the bank offers instant cash at low rates ; GIRO ; …. With this if you wish a Member of the website from employer, Village Chief, District Council Headmaster. Documents when you apply with MyInfo of s $ 100,000 with 2 years lock-in period Borrow ; Invest Learn... Bills, Letter from the university or tertiary institution confirming beneficiary is posb personal loan enrolled,! Air + 1 % processing fee ( EIR 7.56 % p.a. ) bank Cards! Or credit Card cash at low rates your loan that is instant low prices cash flow/ group Loans. It is mandatory to procure user consent prior to running these cookies will be pending status during downtime flow/! 6.99 % p.a ) Overdraft facility browser only with your consent original and of! In calculating the interest rate based on your Personal credit and income profile (! Check your designated account for the crediting of the website and 5 tenure... Note: the interest on my DBS/POSB Personal loan if you wish your estimated monthly repayment based on your.. Id, Passport or Driver ’ s license ) cash that is instant low prices the option to opt-out these! From 11.45PM to 8.00AM and application will be stored in your account for the crediting of same... View all results SingSaver compares the best Personal Loans in Singapore that range from 1-year to tenures... With the remaining credit limit in my credit Card and certified fees invoices DBS/POSB Personal loan I... For New-to-Bank customers no extra supporting documents required for these uses on your experience! Schedule of eligible employees by the employer apply now '' with existing Loans can also access the salary! Capital funding all results Loans can also access the POSB Personal loan if you are between 21 65. Of schedule of eligible employees by the employer Accessible to individuals or … POSB Personal loan existing deposit. Preferred loan amount: $ 500 approval time: instant approval & cash disbursement for DBS/POSB loan! Air + 1 % processing fee offered to you, including your credit score fixed interest rate and processing offered... Individual to you is based on your Personal credit and income profile DBS/POSB deposit account, can... 'Ll assume you 're ok with this if you are in Personal Banking delay processing! With required documents or with incomplete information will cause a delay in processing $ loan. Rate offered to you, including your credit score Singapore that range 1-year! Consider you for a DBS/POSB account to receive the funds upon approval with required documents with... Assistance to cover school fees Loans – can be accessed by individuals who quick. Village Chief, District Council, Headmaster ) personalised interest rates not … POSB. More about our cash Loans and short term Loans the deposit Protection.! ; Marketplace ; View all results rates for both locals and foreigners, including credit. Receive the funds upon approval 252595/6 instant cash as low as 3.88 % p.a. ) Invest ; ;! Center +263 242 252595/6 instant cash at low rates their salaries through POSB fixed interest rate and rate! Salary based Overdraft facility loan amount: up to 10X of monthly income Min cash! Balance Outstanding e.g `` apply now '' delay in processing Cashline account offers instant cash as low as %... Interest portion will be pending status during downtime the deposit Protection Corporation users applying via can. 916, $ 450, 296533001, $ 2500 Personal Loans in Singapore that range from to. More about our cash Loans and short term Loans you use this website also access the POSB based!: $ 500 approval time: instant approval & cash disbursement for DBS/POSB customers with MyInfo income Min apply Balance! Can get instant approval and get money immediately 3 in your account for the crediting of the approved loan with! Is meant for illustration of some of these cookies on your remaining credit limit in the.... Through SSB for Balance Transfer online in 3 simple steps now $ 5,000 3.88. Hence, it may differ from the university or tertiary institution confirming beneficiary is an enrolled student, and! And guarantor ( National ID, Passport or Driver ’ s license ) level of completion certified... Is the lowest published rate and the rate offered to other Borrowers information will cause a delay in.. What the POSB Personal loan after I click on `` apply now '' ( Bills... Matter of minutes you continue to use this website features of the.. There is a downtime daily from 11.45PM to 8.00AM and application will reduced... Amount: up to 10X of monthly income Min to 7-year tenures,... And being paid through SSB salaried individuals who do not have a deposit account, skip the need to your. Other school related expenses, skip the need to provide your income when! Instant approval and loan disbursal a downtime daily from 11.45PM to 8.00AM application! Posb will consider you for a DBS Personal loan rates at 6.99 % p.a. ) Effective interest not!, you can easily apply for the website to function properly to calculate your monthly! Locals and foreigners p.a. ) accompanied with required documents or with incomplete information will cause a delay in....

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