Apply for Best Personal Loan Offers! 
Be it financing a vacation or wedding, paying medical bills, renovating a home, purchasing a household item or any other expense, DBS Bank Personal Loan is designed to meet your diverse financial needs. The bank offers a loan amount of upto Rs. 15 lakh along with flexible tenure and easy repayment options. Also, the complete digital and paperless application process ensures quick disbursal of loan amount.
DBS Bank Personal Loan - Interest Rate
The interest rate offered by DBS Bank on a personal loan starts from 10.99% p.a.. The interest rates provided by bank to different individuals may vary from each other depending upon their credit score, age, repayment history, etc.
What Are the Factors that Affect DBS Bank Personal Loan Interest Rate?
- Credit score: A credit score that is a 3 digit numeric value and ranges between 300 to 850 plays an important role in influencing your interest rate. A credit score of 750 and above is considered healthy by the lenders. If your credit score is more than 750, you are likely to have a lower interest rate
- Income: When your income increases, your chances of repaying the loan on time also increases and you are considered more reliable by the lenders. Hence, the lenders offers lower interest rate to individuals with higher income
- Reputed employer: If you work with a reputed employer, the lenders get an impression that you have a stable job and have more chances of repaying the loan on time. Hence, offers you a lower interest rate
DBS Bank Personal Loan - Other Fees and Charges
| Loan Tenure | Foreclosure Charges |
| 2 to 24 months | 4.50% |
| 25 to 36 months | 2.50% |
| >36 months | 2.00% |
| Loan Tenure | Part Pre- Payment Charges |
| 13 to 24 months | 4.50% |
| 25 to 36 months | 2.50% |
| >36 months | 2.00% |
| Loan Cancellation Charges | Nil (processing fee will not be refunded in such a case) |
| Dishonour of Standing Instruction | Rs. 600/- per instance + GST as applicable |
| Penal Interest Rate | @ 24% per annum i.e. 2 % per month on the overdue instalment |
FAQs
Is loan tenure offered by DBS Bank on a personal loan flexible?
Yes, the loan tenure offered by DBS Bank on a personal loan is flexible and varies from 12 to 60 months.
I am a self- employed professional. Can I avail this personal loan?
Yes, both self- employed professionals and salaried individuals can avail a personal loan from DBS Bank.
What is the income criterion to apply for a personal loan?
Your minimum income should be Rs. 20,000.
Is it possible to prepay my personal loan?
Yes, you can prepay the personal loan in full any time after paying the 12th EMI.