DBS Bank is a multinational bank which is originated in Singapore. In India, DBS has a network of over 33+ branches spread in different cities of different states. Also, the 24×7 ATM facilities are available to the customers for their needs.
In this post, I’ll cover the details of a personal loan at DBS Bank with its features, eligibility, contact details, and many more.
Table of Contents
|1||Loan amount (minimum)||Rs 20,000|
|2||Loan amount (maximum)||Rs 15 Lakhs|
|4||Age||22 years or above|
|5||Tenure||Up to 5 years|
|7||Income||Rs 20,000 monthly|
|8||Foreclosure fees||2-4.5% + GST|
|9||Lowest EMI||Rs 2,174 per Lakhs|
Steps to apply at DBS Bank for personal loan
Step-1: Check your eligibility first and then download the DBS bank mobile app.
Step-2: Go to the option of get your personal loan and then sign if you’re existing user of DBS bank, otherwise sign up and enter your correct details.
Step-3: Complete all the KYC procedure.
Step-4: After the documents are verified by the bank, loan will be instantly transferred to your account.
Features of DBS Bank
- Fully digitized procedure– no paperwork
- Attractive loan amount till Rs 15 Lakhs
- Pre-approved facility for loan takers
- Flexible tenure period of 5 years
Eligibility criteria for DBS personal loan
- Age: 22 years or above
- Applicant must be either salaried or self-employed individual
- Work experience: 2 years minimum
- Monthly income: Rs 20,000
Required Documentation for DBS Personal Loan
As the whole procedure is paperless, no physical documents are needed. You just have to upload the documents at your own comfort.
- Bank details
- Bank statements
- Digital photographs
Comparison of DBS with other banks
|Sl. No.||Bank Name||Loan amount||Interest rates||Processing charge (without GST)|
|1||ICICI||Up to 20 Lakhs||11.5-19.25%||2.25%|
|2||Bajaj Finserv||Up to 25 Lakhs||12.99%||3.99%|
|3||Axis||Up to 15 Lakhs||10.25%||2%|
|4||Deutsche||Up to 15 Lakhs||9.99-11.49%||2%|
|5||Canara||Up to 3 Lakhs||11.25-13.9%||0.5%|
You can easily track your online DBS personal loan status by entering you details in the following button:
Toll-free customer care numbers: 1800 209 4555 or 1860 267 1234
You can visit the nearest branch of the bank for more assistance
1]. What is the way to repay my DBS personal loan?
You can pay EMIs using the digiSavings account.
2]. What is the minimum tenure of DBS personal loan?
The minimum tenure period for DBS personal loan is 1 year.
3]. Am I able to cancel my personal loan after availing it?
Yes, you can cancel your personal loan within the 48 hours of the transferred money in your account.
4]. What time is needed to fully complete the loan application digitally?
It only takes few minutes. After the whole verification, loan amount will be transferred into your digiSavings account.
5]. How much is the minimum personal loan amount that a person can ask for at DBS?
The minimum personal loan amount at DBS is of Rs 20,000.