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DBS Cashline Loan

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Personal Loans/DBS Cashline Loan
Personal Loans/DBS Cashline Loan
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Plans (2)

DBS Cashline (Annual Income S$20,999 - S$29,999)

37.8%

EFFECTIVE INTEREST RATE

29.8%

FLAT INTEREST RATE

$120

PROCESSING FEE

DBS Cashline (Annual Income ≥ S$30,000)

28.5%

EFFECTIVE INTEREST RATE

20.5%

FLAT INTEREST RATE

$120

PROCESSING FEE

DBS Cashline (Annual Income S$20,999 - S$29,999)

37.8%

EFFECTIVE INTEREST RATE

29.8%

FLAT INTEREST RATE

$120

PROCESSING FEE

Details

DBS Cashline Personal Loan Review 2021

  • Low daily interest rates from 0.06%
  • Low income requirement of S$20,000
  • No fixed repayment periods - flexibility in paying whenever
  • No early repayment fees
  • Effective Interest Rates of 20.5% and 29.8% depending on income bracket
  • With the highest credit limit at 10x your monthly income for high income applicants
  • One of the most accessible line of credit personal loans for lower income applicants
  • Cash loan, best suited for short-term borrowing needs

Cashline is a line of credit type personal loan scheme by DBS Singapore. With a credit line, you can conveniently access cash within your credit limit, for emergencies. It is a pay-as-you-use type of short term personal loan scheme. 

Read More about DBS Cashline Loan
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      Interest Rates for DBS Cashline Personal Loan

      Minimum gross annual income

      Effective Interest Rates (EIR) p.a.

      S$20,000- below S$30,000

      29.8 % p.a.

      S$30,000 and above

      20.5% p.a.

      Effective Interest Rates (EIR) % p.a. dependent on annual income

      Features: Pros and cons of DBS Cashline Personal Loan

      • Low daily interest rates from 0.06%
      • Withdraw cash of up to 4 to 10 times your monthly salary, depending on your annual income
      • No fixed repayment periods - flexibility in paying whenever
      • No early repayment fees
      • Effective Interest Rates of 19.8% and 29.8% depending on income bracket
      • For annual income between S$20,000 - S$30,000: EIR at 29.8% p.a.
      • For annual income above S$30,000: EIR at 20.5% p.a.
      • Interest is charged daily once a withdrawal from the DBS Cashline account is made
      • Transacts like a regular bank account - withdrawals, transfers, bill payments and more available online or at an ATM
      • No processing fees
      • One of the most accessible line of credit options for lower income applicants

      Is DBS CashLine the Best Personal Loan for you?

      • DBS Cashline's interest rates are not the most competitive among all the line of credit loans.
      • Applicants with a minimum annual income of at least $30,000 may end up paying more under DBS Cashline scheme (EIR 20.5%) than other personal loans.

      Eligibility: who can apply for DBS Cashline Personal Loan?

      • above 21 years old
      • annual income of at least S$20,000 for Singaporeans and PR

      Fees for DBS Cashline Personal Loan

      • Minimum monthly repayment: 2.5% of outstanding balance ( or S$50, whichever is greater)
      • Minimum Interest Charge: S$10
      • Late payment fee: S$10
      • Late payment interest adjustment: Additional 8% above effective interest rate
      • Annual fee: S$120
      • Overlimit fee: S$40

      Contact DBS Singapore

      • Tel: 1800 111 1111
      • Visit DBS Official website for more details on DBS cash loan scheme Cashline.

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.