Just how was DBS Cashline distinctive from a personal loan?

How can i make repayments?

Miss the waiting line and also make seamless installment through DBS iBanking otherwise Digibank application. Repayments produced are instantly reflected in your DBS Cashline account.

More information that you may possibly you want.

For existing DBS/POSB users, should your salary happens to be paid to an effective DBS/POSB deposit membership, you may enjoy Straight through Processing. Immediately after recognized, the DBS Cashline account was effective and you can obtainable instantly.

Yes, when your DBS Cashline membership is eligible, you could potentially drawdown dollars and you may do other monetary deals through DBS Cashline.

Feel free to consume to your offered credit limit inside your account. When you have paid back your lent amount returning to brand new account, their credit limit will be restored toward new count.

You only need to pay-off the new month-to-month lowest payment out of dos.5% of your outstanding balance or S$50, whichever is actually high, in addition to any overlimit otherwise overdue matter.

Your DBS Cashline month-to-month declaration from account will state online installment MO your off your own lowest commission due and your deadline. The latest monthly report away from membership will detail all your valuable distributions and dumps in one single day on declaration time.

To use, excite complete the DBS Cashline Credit limit Review Mode, printing, signal and you can send (or facsimile) the program so you can you on necessary earnings data files.

CashCare Protector are an optional credit existence defense insurance coverage underwritten of the Manulife (Singapore) Pte Ltd. Its smart off the the harmony in your DBS Cashline membership around S$100,one hundred thousand in case there are prognosis out-of vital otherwise early cancer**, critical issues, demise or full long lasting disability. To have death due so you’re able to accident, the amount doubles to a maximum of S$two hundred,100.

** This tactic cannot defense pre-present medical ailments. A standing up chronilogical age of 90 days is applicable to own allege from vital or very early cancers work for.

If the Bank does not receive the required minimum payment by its due date (eg, deadline toward ple lower than), the interest rate applicable to your DBS Cashline account will be increased by 8% p.a. on top of the Prevailing Interest Rate (“Increased Interest Rate”). This Increased Interest Rate shall be applied to the outstanding balance in your DBS Cashline account from the first working day after the date of the subsequent DBS Cashline account statement following your DBS Cashline account statement (i.age. August’s report) and used to compute the finance charges applicable to your DBS Cashline account.

Which even more rate of interest can be used even though lowest fee are acquired by the Financial towards the otherwise before the deadline of one’s pursuing the week (i.e. when you look at the July).

If the minimal repayments manufactured in full into the otherwise before its respective repayment dates having 4 consecutive months (we.age. to own August, Sep, Oct and you may November comments), the increased Rate of interest might be reinstated to your Prevailing Attract Rates into the first business day just after your future Declaration Time (we.age. November’s statement).

I did not ask for an excellent chequebook in the beginning but We wants to have one now, exactly what can i do?

If you need to own an actual chequebook, you can see the DBS/POSB branches to submit their request. Take note one chequebooks could be mailed with the emailing target within 5-eight working days.

You do not need to help you request an alternate chequebook. We will send you an alternative you to definitely prior to your existing chequebook runs out.

You can favor IB elizabeth-cheque below “Transfer” > “Significantly more Transfer Services” > Purchase Cheque (Mail). This service is free. (Considerably more details)