POSB Debt Consolidation Plan
Interest Rate
Processing Fee
Monthly Repayment
Loan Amount
Loan Tenure
For those seeking assistance to repay their debts faster, POSB Debt Consolidation Plan offers low rates beginning from 3.58% p.a. (EIR 6.56% p.a.) It may, however, not be best for those looking for guaranteed rates. It offers a cashback promotion of 3% of the approved DCP nonetheless.
ALL DETAILS
Key Features
- Attractive interest rates from as low as 3.58%p.a. (EIR 6.56%)
- Guarantees quick cash approval when you apply online
- Repayments are fixed monthly instalments over a loan tenure of 1 to 8 years
- Can consolidate all your outstanding balances across various banks
- DBS refinancing allows borrowers to get a 3% cashback and a Visa Credit Card
Eligibility
| Citizenship Status | Singaporean / PR |
| Age Requirement | 21 – 65 years old |
| Employment Status | Employed, Self-employed and Commission earner |
| Minimum Annual Income | S$30,000 |
| Balance to Income Ratio (BTI) | At least 12x your monthly income |
Other Fees and Charges
| Processing Fee | S$99 |
| Late Payment Fee | S$90 |
| Early Settlement Fee | 5% on the balance outstanding at the point of termination |
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