From 2.68%

Interest Rate*

What is Effective Interest Rate (EIR)?

The true cost of taking a loan in Singapore. Loan interest rate is not the only cost, and there are often other costs such as admin fees.

^S$10,268

Total Amount Payable

From 1% of Approved Loan Amount

Processing Fee

What is a processing fee?

The processing fee can either be a percentage or a fixed amount on top of the loan. It is usually applied as a once-off charge at the beginning of the loan.

All Details

• Key Features

  • Existing POSB/DBS users can apply directly to receive instant cash disbursement to your POSB/DBS account!

  • *Note that the rates provided to you are customised and might differ from what's displayed here. POSB Bank is regulated by the Monetary Authority of Singapore.

• Repayment Summary

  Total Interest Payable	S$268
  Monthly Payment	S$856
  Total Amount Payable	S$10,268
  Processing Fee	S$100
  Effective Interest Rate	6.72%
  Annual Interest Rate	2.68%
  Approval Duration	Immediate for existing posb customer
  Citizenship	Singaporean/Pr
  Principal Loan Amount	S$10,000
  Loan Tenure	1 Year
  Minimum Annual Income	S$20,000.00
  Maximum Loan Tenure	5 Years

Eligibility

Citizenship Status	Singaporean / PR
Age Requirement	age 21 - 65 years old
Employment Status	Employed, Self-employed and Commission earner
Minimum Annual Income	S$30,000

Fees & Charges

Processing Fee	1%
Late Payment Fee	S$100 for Credit Card PL; S$120 for Cashline PL
Partial Repayment Penalty	No partial repayment allowed
Full Repayment Penalty	S$250

Loan Features

Instant Approval