Exactly how is actually DBS Cashline distinctive from an unsecured loan?

Exactly how is actually DBS Cashline distinctive from an unsecured loan?

  • Fund
  • Personal loans
  • Without delay
  • At a glance

How to make costs?

Skip the waiting line and work out smooth payment via DBS iBanking or Digibank software. Costs produced is actually instantaneously reflected on your DBS Cashline account.

Much more information that you might you desire.

Having present DBS/POSB customers, if the income happens to be credited so you’re able to a DBS/POSB put membership, you may enjoy Straight through Control. Immediately after accepted, your own DBS Cashline account try effective and you can obtainable immediately.

Sure, once your DBS Cashline account is approved, you could potentially drawdown bucks and you may create other economic deals courtesy DBS Cashline.

Please take-up towards the readily available credit limit inside your account. When you have paid back the borrowed matter back again to the fresh membership, their borrowing limit would be recovered into the totally new count.

You simply pay-off the newest month-to-month minimal percentage regarding 2.5% of a great harmony otherwise S$fifty, any kind of try high, and any overlimit otherwise delinquent count.

Your own DBS Cashline month-to-month report of membership will state your away from your own minimum fee owed plus deadline. The new monthly declaration out-of membership commonly outline any withdrawals and you may places in one week from the report big date.

To make use of, please finish the DBS Cashline Credit limit Review Means, print, signal and you can send (otherwise fax) the applying so you’re able to you into the compulsory income data.

CashCare Protector are a recommended credit lives security insurance policies underwritten from the Manulife (Singapore) Pte Ltd. It pays off the a great balance on your own DBS Cashline account to S$100,100000 in case of medical diagnosis from critical or early disease**, critical Connecticut online payday loans problems, demise or full long lasting handicap. Having death due so you’re able to collision, the amount doubles so you’re able to a total of S$2 hundred,one hundred thousand.

** This tactic does not security pre-existing medical ailments. A waiting period of ninety days enforce getting allege of crucial or very early disease benefit.

If the Bank does not receive the required minimum payment by its due date (such as for instance, due date towards 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.elizabeth. August’s statement) and used to compute the finance charges applicable to your DBS Cashline account.

It even more interest rate is used regardless if minimum percentage was received by Bank on otherwise up until the deadline of one’s pursuing the week (we.elizabeth. inside July).

If the minimal payments are produced in full for the or before its respective due dates getting 4 consecutive days (we.e. having August, Sep, Oct and you will November statements), the elevated Interest are reinstated to your Prevalent Focus Rate towards basic working day once your next Declaration Big date (we.e. December’s declaration).

I didn’t request good chequebook to start with however, We desires get one today, just what do i need to manage?

If you’d like to have an actual physical chequebook, you might visit our very own DBS/POSB twigs add the request. Take note you to chequebooks could be shipped into emailing target within 5-eight working days.

You don’t need to ask for a new chequebook. We shall send you a different sort of you to ahead of your chequebook runs out.

You could potentially choose IB age-cheque below “Transfer” > “A whole lot more Transfer Functions” > Purchase Cheque (Mail). This service is free. (Considerably more details)

Leave a Comment

Your email address will not be published. Required fields are marked *