A DBS personal loan is priced from 1.00% a year plus a 1% processing fee, which DBS states as an Effective Interest Rate (EIR) of 2.32% a year, as at November 2026. That is the bank’s lowest published rate. What you are offered depends on your credit and income profile, and you only see it when you apply.
This page sets out what DBS publishes for its personal loan, balance transfer, Cashline credit line and Debt Consolidation Plan, and turns the numbers into dollars. We read each DBS page on 13 November 2026. We are not paid by DBS and there are no application links here.
A caution on borrowing: a loan from DBS is still a fixed monthly commitment. Borrow for a need you can name, for an amount you can repay from income you are fairly sure of.
DBS Personal Loan: Rates, Fees and Who Qualifies
The DBS Personal Loan is a term loan with fixed monthly instalments for up to 60 months.
- Rate: from 1.00% a year, plus a 1% processing fee. DBS states the EIR as 2.32% a year.
- How it is drawn: you apply with an existing Cashline account or a DBS or POSB credit card. The loan comes out of that available limit.
- Maximum: S$200,000 per loan, or 95% of your available limit, whichever is lower. You may hold more than one loan if you have limit left.
- Age: 21 to 70.
- Minimum income for new customers: $30,000 a year for citizens and Permanent Residents; $60,000 for foreigners. Existing Cashline and card holders do not need income documents.
- Tenure limits: loans of $3,000 or less, and loans to foreigners, are limited to 6, 12 or 24 months.
- Early termination: $250 for each personal loan.
DBS also runs cashback promotions on this loan from time to time. They change often, so we leave them out. Check the DBS page for the current terms.
How the Four DBS Borrowing Products Compare
| DBS product | Published rate | Published EIR | Fees | Tenure | Minimum income |
|---|---|---|---|---|---|
| Personal Loan | From 1.00% a year | 2.32% | 1% processing fee; $250 early termination | Up to 60 months | $30,000 (citizens, PRs); $60,000 (foreigners) |
| Balance Transfer | 0% | 5.06% to 7.38%, by tenure and account | One-time fee of 1.8%, 2.5% or 4.5% | 3, 6 or 12 months | Must hold a Cashline or DBS/POSB card |
| Cashline (credit line) | 22.9% a year | Not stated | $120 annual fee, first year waived; $120 late fee | Revolving | $30,000; $60,000 for foreigners |
| Debt Consolidation Plan | 3.58% a year | From 6.56% | $99 processing fee; 5% early termination; $90 late fee | Up to 8 years | $30,000 to under $120,000; citizens and PRs |
Rates as published on DBS’s own pages in November 2026. They can change without notice.
A Worked Example of the Total Cost
DBS’s 1.00% is a floor. Take an illustrative borrower who is offered 3.5% a year flat on $20,000 over three years, with the 1% fee. These are our own figures, for illustration only.
- Interest: $20,000 × 3.5% × 3 = $2,100
- Processing fee: $200, so about $19,800 reaches you
- Monthly instalment: $22,100 ÷ 36 = $613.89
- Total cost: $2,300, an EIR of roughly 7.3% a year
At DBS’s published floor of 1.00% over five years, the same $20,000 costs $1,000 in interest plus the $200 fee, $1,200 in all. The gap between the floor and a plausible offer is more than $1,000, which is why the offered rate matters more than the headline.
Our debt payoff calculator lets you test other rates and tenures.
The short version: DBS publishes a floor of 1.00% plus a 1% fee (EIR 2.32%). Your offer may be higher. Compare it on EIR and total dollars repaid, and remember the $250 fee if you might repay early.
DBS Balance Transfer, Cashline and Debt Consolidation
Balance Transfer
The DBS Balance Transfer moves part of your Cashline or card limit into cash at 0% interest for a one-time administration fee:
- 3 months: 1.8% fee; EIR 7.34% (Cashline) or 7.38% (card)
- 6 months: 2.5% fee; EIR 5.27% or 5.34%
- 12 months: 4.5% fee; EIR 5.06% or 5.20%
There is no early repayment fee. The catch is the end date. DBS states that the 0% rate reverts to the prevailing rate after the period ends. Our guide to balance transfers explains how to plan the payoff.
Cashline
Cashline is a revolving line of credit. Interest is 22.9% a year for incomes of $30,000 and above, charged daily, with a minimum interest charge of $10 per statement. The minimum payment is 2.5% of the balance or $50. If a minimum payment is missed, DBS adds 8% a year to the rate until four consecutive minimum payments are made on time.
At 22.9%, $10,000 repaid at $500 a month takes about 26 months and costs about $2,700 in interest. A credit line suits short gaps, not long balances. See credit lines compared.
Debt Consolidation Plan
The DBS Debt Consolidation Plan is for citizens and PRs whose unsecured interest-bearing debt is more than 12 times monthly income. It charges 3.58% a year (EIR from 6.56%) over up to 8 years, computed under the Rule of 78. It comes with a DBS card limited to one month’s income. See our guide to debt consolidation plans.
What to Check Before You Apply
- Your MAS limit. Each lender’s unsecured limit is capped at two months’ income below $30,000 a year and four months’ income from $30,000 to under $120,000, under MAS rules. A DBS personal loan uses up your Cashline or card limit.
- Whether the loan reduces your card limit. Because the loan is drawn from your existing limit, there is less left for spending until you repay.
- Total repayable, in writing. Ask for the rate, EIR, fee and total dollars before accepting.
- Who it does not suit: anyone borrowing to cover a monthly shortfall, or to repay another loan without a plan to clear both. Borrowers who may repay within months may find a short balance transfer cheaper.
For a side-by-side look at other banks’ published rates, see our best personal loans in Singapore hub, or the bank pages for OCBC, UOB, Citibank and Standard Chartered.
What To Do Next
- Work out the monthly instalment your budget can carry with our budget planner before you look at offers.
- Log in to DBS’s app or website to see your personalised rate, then ask for the EIR and total repayable.
- Get at least two other quotes for the same amount and tenure and compare total dollars.
- If you hold DBS cards you rarely use, note that the loan draws on that limit.
- If repayments already feel heavy, MoneySense’s guide to managing debt lists free help, including Credit Counselling Singapore.
