POSB Personal Loan


POSB Personal Loan
  • Receive financing amount of up to 4X1 of your monthly salary, or up to 10X1 of your monthly salary if your annual income is S$120,000 and above.
  • Flat interest rates at 6.99% p.a for loan amount with tenures up to 5 years.
  • Get instant cash2 disbursement at any of our branches if you are currently crediting salary to POSB/ DBS deposit account.
  • A Cashline account is required for a POSB Personal loan grant. Please allow 7 working days for processing time.

    POSB Loan Assist is a unsecured loan where no guarantor and collateral is needed. Applicants will be loan to loan up to 4 times their salary if they have a high annual income with good credit score while repaying the loan from 1 to 5 years.  As for interest, you can enjoy up to 6.99% p.a flat interest rates. This rate will depends very much on loan amount and loan tenure.

    For customers with annual income of minimum S$30,000


    For annual income of S$20,000 to less than S$30,000


    A.I.R.: Applied Interest Rate
    E.I.R: Effective Interest Rate – inclusive of 2% or 4% processing fee.
    The above monthly instalment amounts have been simplified for illustration purposes


    Despite the advertised low interest rates, POSB Loan Assist is subjected to 3% processing fees and 1% insurance fees.

    Late Payment Penalty

    You will be subjected to $80 for any late payment


    This loan is open to Singaporeans, Permanent residents and Foreigners from 21 years to 65 years at the end of tenure. You will need to have a minimum annual income of $20,000 for Singaporeans and PR while a minimum annual income $45,000 for Foreigners with working permit.

    Documents required


    • Photocopied NRIC front and back
    • Most recent 1 year CPF statement
    • Most recent Payslip
    • Income tax of assessment


    • Valid Passport and employment pass
    • Most recent paylist
    • Income tax of assessment
    • Certificate of employment