THE INSTOR BLOG

Just how are DBS Cashline unlike a consumer loan?

Just how are DBS Cashline unlike a consumer loan?

  • Financing
  • Unsecured loans
  • Without delay

How do i make costs?

Miss the waiting line and then make seamless fees via DBS iBanking otherwise Digibank application. Costs produced try immediately mirrored on the DBS Cashline account.

More details that you may you want.

To have established DBS/POSB customers, in case the salary is paid in order to an excellent DBS/POSB deposit account, you may enjoy Completely Operating. Shortly after approved, your DBS Cashline membership was effective and you may available instantaneously.

Sure, as soon as your DBS Cashline account is eligible, you can drawdown bucks and you may create most other economic deals owing to DBS Cashline.

Go ahead and account for towards the available borrowing limit inside your account. When you have paid the lent amount returning to the latest membership, the borrowing limit was recovered into the fresh number.

You merely repay new month-to-month minimum percentage regarding 2.5% of your own an excellent balance or S$fifty, whichever is actually high, also any overlimit otherwise delinquent count.

Your DBS Cashline month-to-month report away from account will tell you regarding their minimum fee due and your due date. The brand new monthly declaration out of membership tend to outline all your valuable distributions and you can dumps in one week from the declaration go out.

To put on, excite complete the DBS Cashline Credit limit Remark Means, printing, sign and you will post (otherwise facsimile) the application form so you can united states towards compulsory earnings files.

CashCare Protector try an elective borrowing existence shelter insurance underwritten because of the Manulife (Singapore) Pte Ltd. Its smart off the the balance on the DBS Cashline membership around S$100,100000 if there is medical diagnosis out of vital otherwise early cancer tumors**, critical disease, passing or full long lasting impairment. Getting death-due so you can crash, extent doubles to a maximum of S$2 hundred,one hundred thousand.

** This plan cannot coverage pre-current health conditions. A standing up age 90 days is applicable to possess claim of important otherwise very early cancers work with.

If the Bank does not receive the required minimum payment by its due date (particularly, deadline towards ple below), 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 (we.e. August’s report) and used to compute the finance charges applicable to your DBS Cashline account.

This additional interest rate will likely be applied even if minimal percentage was received by Financial into the or until the deadline of your adopting the week (i.e. during the July).

If the the minimum payments were created completely on otherwise just before its particular payment dates to have 4 straight weeks (we.age. to possess August, September, October and you may November comments), the increased Rate of interest would be reinstated to your Prevailing Desire Rates for the earliest working day shortly after your following Statement Day (i.age. November’s statement).

I didn’t request for a chequebook in the beginning but We desires to have one today, exactly what can i do?

If you need for an actual physical chequebook, you might see the DBS/POSB branches add the demand. Please note you to chequebooks would be shipped for the emailing address within this 5-eight working days.

You do not need to obtain a different chequebook. We will send you another one to just before your current chequebook run off.

You could favor IB e-cheque significantly less than “Transfer” > “A great deal more Transfer Characteristics” > Pick Cheque (Mail). This service is free. (Info)

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