Personal Loan for salaried employee made easy

Personal loan for salaried people can range from Rs. 25,000 and Rs. 15 lakh, depending on eligibility.

Interest rates range from 10.99% to 23.99%. How much you are charged will depend on various factors like income, credit score, and so on.

Tenures can range from 12 months to five years, depending on eligibility and other factors.

A processing fee (one-time) and relevant taxes are charged when you take a personal loan

The application process for our personal loan only takes a few minutes.

Once the application process has been completed, your account verification will be done. Then the personal loan amount will be credited to your DBS Bank Savings Account.

Personal loan for salaried employees is entirely devoid of hassles like these. There’s no need for you to have a guarantor, provide collateral, or have a co-applicant.

Applying for a personal loan with is us is 100% paper-free. You need to fill in some personal details to apply.

If the loan amount you sought exceeds our approved upper limit, you will be required to provide your bank details and statements (banks other than DBS).

Other documents, like salary slips or income tax returns, are not required.

After you have paid the first 12 EMIs, you can make a partial prepayment of your personal loan at any time.

You need to pay the applicable charges or taxes if there are any before you can make the pre-payment from your DBS Bank Savings Account.

The EMI of your personal loan will be debited from your DBS Bank Savings Account, so payment is effortless.

You need to ensure that your account has sufficient funds two days before the payment date of your EMI. Your EMI is paid only through your DBS Bank Savings Account, and there are no other options to transfer payment from other bank accounts. You will receive regular notifications regarding your EMI due date and payment.

If you want a personal loan for salaried, go to the 'Personal Loans' section in the DBS Bank menu. Then go to the 'Statements' section and download the repayment/loan schedule.

After the amount has been credited to their account, a 48-hour window is provided to everyone for cancellation of loans. You will be charged with no cancellation fees then. However, the processing fee you paid is non-refundable.

After you get done with the application process and your verification has been carried out through the DBS Bank app, the amount is credited into your DBS Bank Savings Account. The amount you receive will be after the deduction of the processing fees and other taxes.

You will receive the full amount of the loan since we do not offer a part-disbursement facility.

If you want a loan with no hassles, DBS Bank is the best choice. We ask for no physical documents and deal in no paper-based application forms. Apply for a loan at your convenience, right from the DBS Bank app itself.

The interest rate and processing fee that we offer is based on your eligibility and is not negotiable.