POSB Personal Loan

POSB is an International Financial leader with branches is Singapore, Hong Kong, China, Indonesia, India and Taiwan.

POSB offer bank accounts, credit cards, Investments and  personal loans, as well as advice and guidance including offering free credit reports for customers, so they can take charge of their finances, and receive tailor made financial products.

POSB offer personal loans of up to 4 times the applicant’s monthly salary if they earn over S$20,000 annually, and up to 10 times the monthly salary if their annual salary is over S$120,000. Loans are available to Nationals or Permanent residents of Singapore between 21-65. Loan terms are available from 1 year to 5 years so can making them flexible.

To apply for a loan applicants will need to have either a cash line or credit card account to grant the loan or a DBS/POSB deposit account. If the applicant meets these requirements they can get a personal loan paid directly into their account instantly.


Once customer apply for a loan and it has been approved they will receive a text message to let them know, the money will be transferred to their account and they will receive all the paperwork both electronically and through the post in the following days. Customers will then also be sent log in details for the online banking feature where they can keep track of their credit line and loan repayments.

Representative example:
Promotional interest rates of 3.88%p. as (with an additional 1% processing fees – E.I.R. 7.56%pa). A S$5000 loan over 2 years will cost S$224.50 a month, total re-payable is S$5.388, $5.388 base loan, S$50 processing fee and S$338. Interest rates are fixed for the term of the agreement so the payments will not alter.

If applicants need any more information or are having trouble applying for loan online they can contact POSB directly by phone on 1800 339 6666, or if they prefer they can email them through the online link on their website or chat live to an agent through the online chat function. Alternatively, applicants can visit any of their branches or tweet them.