DBS Balance Transfer Reviews and Comparison - Seedly
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DBS Balance Transfer

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Personal Loans/DBS Balance Transfer

DBS Balance Transfer

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Plans (2)

DBS Balance Transfer (6 Month Tenure)

5.27%
EFFECTIVE INTEREST RATE
0%
FLAT INTEREST RATE
2.50%
PROCESSING FEE

DBS Balance Transfer (12 Month Tenure)

5.06%
EFFECTIVE INTEREST RATE
0%
FLAT INTEREST RATE
4.50%
PROCESSING FEE

    DBS Balance Transfer (6 Month Tenure)

    5.27%
    EFFECTIVE INTEREST RATE
    0%
    FLAT INTEREST RATE
    2.50%
    PROCESSING FEE

Details

About DBS Balance Transfer

  • Applied interest rate 0% p.a. for 6 to 12 months
  • Online exclusive Effective Interest Rate (EIR) p.a. from 5.06% - 5.27% for cashline
  • Online exclusive Effective Interest Rate (EIR) p.a. from 5.20% - 5.34% for credit card
  • Minimum loan amount is S$500
  • Suitable for people looking for a 12 month long interest free balance transfer option
  • Not the best Balance Transfer scheme out there, other banks offer much more competitive rates

DBS Balance Transfer is a type of personal loan offered by DBS Singapore. Balance Transfer allows for the outstanding amount in one account to be transferred to another account with a lower interest rate.

Read More about DBS Balance Transfer
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Interest rates and fees for DBS Balance Transfer

Tenure

6 months

12 months

Processing Fees

2.5%

4 . 5%

Cashline Effective Interest Rate (p.a)

7.52% / 5.27% (for online application)

7.12% / 5.06% (for online application)

Credit Card Effective Interest Rate (p.a)

7.61% / 5.34% (for online application)

7.32% / 5.20% (for online application)

Applied Interest Rate (p.a.)

0%

0%

the lower EIRs are applicable only for online applications

Features: Pros and cons of DBS Balance Transfer

  • Applied interest rate 0% p.a. for 6 to 12 months
  • Online exclusive Effective Interest Rate (EIR) p.a. from 5.06% - 5.27% for cashline
  • Online exclusive Effective Interest Rate (EIR) p.a. from 5.20% - 5.34% for credit card
  • Suitable for people looking for a 12 month long interest free balance transfer option

  • Not the best Balance Transfer scheme out there, other banks offer much more competitive rates
  • The one-time administration fee will automatically be deducted from your Cashline account or DBS/POSB Credit Card.
  • Interest, fees and charges are also subject to compounding if they are not paid entirely and punctually.
  • Post loan maturity: After the interest free period, Balance Transfer users are charged up to 20.5% to 29.8% p.a. for Cashline balance transfers and 26.8% p.a. for DBS/POSB Credit Card balance transfers.

  • More details about DBS Balance Transfer personal loan here.

Other Fees: what else to look out for?

Minimum monthly repayment: 2.5% of the outstanding balance for DBS Cashline / 3% of the outstanding balance for DBS/POSB Credit Card holders ( or S$50, whichever is greater)

Late payment fee: S$100 for Credit Card / S$120 for Cashline

Late payments are also subjected to additional charges.

Eligibility: who can apply for DBS Balance Transfer?

  • Applicants with either a DBS/POSB Credit Card or Cashline Account

Contact DBS Singapore

Tel: 1800 111 1111

Website: Contact Us page