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Anonymous

07 Jun 2019

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DBS Cashline allows me cash up to 4x my monthly salary, principal is $100 and the interest is only 1.65%. Should I take it up and invest it for higher returns, ?

DBS Cashline allows me cash up to 4x my monthly salary, principal is $100 and the interest is only 1.65%? Should I take it up and invest it for higher returns, maybe even put it into my CPF for guaranteed 4% interest? Or am I missing something here

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Eng You Guan

07 Jun 2019

1.65% is per month not per annum.

Per annum is around 20%

https://www.dbs.com.sg/personal/loans/personal-...

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