POSB Personal Bank Loan. What exactly are AIR and EIR rates?

POSB Personal Bank Loan. What exactly are AIR and EIR rates?

Immediate cbecauseh as little as 3.88% p.a (EIR 7.56% p.a)!

  • Loans
  • Signature Loans
  • At a Glance
  • Qualities & Advantages
  • Advertising
  • Prices & Costs
  • Calculator
  • Who are able to use?
  • Require assistance with the job?
  • At a Glance
  • Qualities & Advantages
  • Advertising
  • Rates & Costs
  • Calculator
  • Who are able to use?
  • Require assistance with the application?

At a Glance

Low interest

As little as 3.88per cent p.a. + 1% processing cost (EIR 7.56% p.a.)

Immediate cash in your account

once you apply online

As much as 10X 1

your month-to-month wage

brand New function! – you apply with MyInfo if you do not have a Cashline account, skip the need to provide your income documents when.

Get money INSTANTLY with POSB signature loans, interest as little as 3.88% p.a (EIR 7.56% p.a)

A POSB personal bank loan brings you cash that is instant low prices. Simply the thing to light you up!

Qualities & Advantages

Enjoy instant approval and get money immediately 3 in your bank take into account:


On line exclusive for New-to-Bank clients! Submit an application for POSB unsecured loan today and get 1% cashback on the approved loan amount! 4

Prices & Costs

Enjoy personalised interest levels from only 3.88% pa AIR + 1% Processing cost (EIR 7.56percent pa)!

The attention price and charge suggested may be the cheapest posted price and can even vary from what exactly is agreed to you. The attention price and charge wanted to you are exhibited through your application and it is considering your credit that is personal and profile, susceptible to the bank’s discernment

  • Step one: sign in along with your iBanking / mBanking ATM that is/ or / debit card (no papers necessary for existing customers)
  • Step two: Select your desired tenure and amount
  • Step three: Submit the application on the internet and acquire cash that is instant

You will need a DBS/POSB account to get the funds upon approval. Don't possess one? Make an application for one right right right here first!

AIR – Used Interest. Here is the price utilized in determining the interest payable on your own loan. Interest from the Loan will be determined predicated on a flat price foundation technique (easy interest) by multiplying the main Loan quantity by the specified yearly Applied rate of interest when it comes to complete tenure of this Loan.

Illustration on interest payable for the S$10,000 loan with 3.88% AIR and 5 years tenure Interest payable: S$10,000 loan x 3.88% pa AIR x tenure that is 5-year S$1,940

EIR – Good Rate Of Interest. This is basically the rate that reflects the actual expense of borrowing as expressed over a reducing stability foundation (much like mortgage loans) and it is beneficial in comparing various loans to obtain the rate that is best.

To learn more about used and effective rates of interest, please check out www.moneysense.gov.sg


Calculate the repayment that is monthly our handy calculator!

Who is able to use?

  • Singaporean Citizen or Singapore Permanent Resident
  • 21 – 65 yrs old
  • Minimal Annual Money S$30,000

DBS/POSB personal bank loan will require (i) a Cashline and/or Credit Card account to grant the mortgage quantity, and (ii) a DBS/POSB deposit account (excluding Joint each, Trust, MSA, SAYE and POSB present reports) for loan disbursement (see faq's Tab for lots more details).

You will need the following documents if you do not have an existing Cashline / Credit Card Account:

Instead, you may decide to offer your earnings papers via MyInfo

Take note that applications maybe perhaps not associated with needed papers or with incomplete information shall cause a wait in processing.

You can choose your desired account here and apply online if you do not have an existing DBS/POSB deposit account.


How do you make an application for a DBS/POSB unsecured loan when I click on "Apply Now"?

You certainly can do an online dbs/posb personal loan application in 2 methods:

  1. Utilizing iBanking Login: Enter your iBanking password to try to get an on-line Personal Loan application.
  2. Making use of Card and PIN: Input your Debit or ATM Card quantity plus the PIN number (exactly the same PIN that is useful for ATM input). For clients with just private Credit Card with no Debit or ATM Card, please use charge card as your selection.

Understand how it is possible to make an application for a POSB unsecured loan right right here.

After using, exactly what can we expect?

You will receive if you are an existing Cashline account or Credit Cardholder:

  1. A SMS verification that your particular DBS/POSB unsecured loan is authorized. Please look at your designated take into account the crediting associated with the approved loan amount.
  2. An approval page when it comes to DBS/POSB unsecured loan are going instant Massachusetts loan to be delivered up to your mailing target within 3 days that are working getting the SMS message.

For DBS/POSB clients without Cashline or Credit Card.

  1. A SMS verification for an authorized Cashline account (if sent applications for a Cashline account) and/or approval letter(s) of this used Cashline or charge card.
  2. If sent applications for a Cashline account, you shall get a DBS ATM Card (if you fail to get one) included in Cashline application.

After submitting and approval of a DBS/POSB personal bank loan on the Cashline and/or charge card, you will get another SMS verification that the DBS/POSB unsecured loan is authorized. Please look at your designated account fully for the crediting for the approved loan amount.

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