• Interest Rate (p.a.)

    6.80% - 8.80%

  • Loan Tenure

    1 - 5 years

  • Approval Duration

    Up to 7 business days

  • Min. monthly income


Loan calculator
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Monthly salaryRM0
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Total Interest PayableS$0
Total Amount PayableS$0
What's so great about DBS Personal Loan?
  • Loan amount of up to 10 times your monthly income
  • Flat rates starts 6.8% per annum

Product Features

Min. financing amountS$3,000
Max.financing amount Up to 10x fixed monthly salary
Min. loan tenure1
Max. loan tenure5
Interest rateFixed rate of 6.8% - 8.8% per annum
Approval durationUp to 7 business days
Debt consolidationYes

Fees & Charges

One time set up
Processing fee2% on the approved loan amount
Stamp dutyN/A
Disbursement & misc. feeN/A
Early settlementS$150
Late payment chargesS$80


Age requirementAge 21 - 65
Employment eligibilitySingaporean citizens and permanent residents working and residing in Singapore. Singapore citizens working in Malaysia will be considered
Min. salary requirementS$1,667 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?Yes - DBS Cashline Account

Product Review byiMoney


What is the maximum amount you can borrow?

You can loan an amount of up to 10 times of your fixed monthly gross salary

The catch?

Applicant must be between the age of 21 to 65 to qualify.

Applicant must be a Singaporean citizen or permanent resident working and residing in Singapore with a minimum gross salary of S$1,667 per month.

What will it cost you and how will you be charged?

    One time set-up fee:
  • Processing fee of 2% on your approved loan amount
  • Flexible term loan :
  • You can choose to repay your loan in 12, 24, 36, 48, or 60 months

How long will the application take and what documentations are required?

Upon completing an application with iMoney, you may expect a call from the respected bank within the same business day to confirm your application.

Thereafter, DBS will require an average of seven business days (not including Saturday, Sunday, and public holidays) before approval or disbursement.

You are required to furnish the following documents for your loan application:

    Employee of non-MNC or private limited company:
  • Photocopy of NRIC (both sides)
  • Proof of Income:
    • Salaried Employee:

    • 1) Latest Computerised Payslip OR
      2) CPF Contribution Statement for past 12 months OR
      3) Latest Income Tax Notice of Assessment (NOA)
    Self-employed applicants:
    Photocopy of NRIC (both sides)
  • Proof of Income:

  • 1) Income Tax Notices of Assessment (NOA) for past 2 years
  • Any other documents as may be requested by the Bank at its sole discretion
    Applicants earning commission:
    Photocopy of NRIC (both sides)
  • Proof of Income:
  • Variable Income/Commission Based Earner:

  • 1) Latest 6 months Computerised Payslip OR
    2) CPF Contribution Statement for past 12 months OR
    3) Latest Income Tax Notice of Assessment (NOA)

Can you apply if you have a bad credit score in CBS/ FICO/ DP credit bureau?

Your personal loan application is likely to get rejected if you have a bad credit score. Late payments or missed payments are some of the major are some of the major contributors to a bad credit score. If you currently have an unsatisfactory credit score, take steps to rebuild it by clearing overdue payments. Make full and timely payments on your debts for 6 months before reapplying.

If you are looking for personal loans offered by other banks in the Singapore, you may also consider:

Dash Advance Personal Loan
  • Dash Advance Personal Loan offers a personal loan with finance of up to 4X monthly income with an interest rate starting from 4.98% per annum. The loan tenure ranges from 1 up to 5 years with a required minimum monthly income of S$1,667. Get your cash as soon as possible with approval duration within 60 seconds.

  • Citibank Ready Credit SmartCash
  • Get Citibank Ready Credit SmartCash for up to 3 years with an interest rate of 4.83% as one of the welcome offer. Get finance up to 2 times of your monthly salary with an approval duration of up to 7 business days. To be eligible for this personal loan your minimum monthly income should be atleast S$1,667.

  • Looking for more choices? You can also take a look at the full line-up of Personal Instalment Loans in Singapore listed on our website and choose which is the right one for you.