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Just how are DBS Cashline unlike a consumer loan?

Just how are DBS Cashline unlike a consumer loan?

  • Money
  • Personal loans
  • Immediately
  • Immediately

How to generate costs?

Miss the waiting line and work out seamless fees thru DBS iBanking otherwise Digibank app. Costs made is instantly mirrored in your DBS Cashline account.

Addiitional information that you could you want.

To have present DBS/POSB customers, in case your salary is credited to help you a great DBS/POSB put membership, you may enjoy Throughout Handling. Just after acknowledged, your own DBS Cashline membership are effective and you will accessible instantaneously.

Yes, when your DBS Cashline account is approved, you might drawdown cash and carry out most other monetary purchases through DBS Cashline.

Feel free to take up to your available credit limit when you look at the your account. When you have paid off their lent amount to this new membership, your credit limit would be restored toward brand-new amount.

You only need to repay brand new monthly minimal percentage away from 2.5% of outstanding balance otherwise S$fifty, whatever was high, plus people overlimit otherwise overdue number.

Your DBS Cashline month-to-month report out of membership will state your away from your own minimum payment owed as well as your due date. This new monthly report off account usually detail all your withdrawals and you can places in a single few days from the statement day.

To put on, excite finish the DBS Cashline Credit limit Opinion Mode, print, sign and you can send (otherwise facsimile) the application form in order to you towards required earnings data.

CashCare Protector are an optional borrowing lifestyle shelter insurance underwritten from the Manulife (Singapore) Pte Ltd. Its smart from the a good equilibrium in your DBS Cashline membership doing S$one hundred,one hundred thousand in the event of diagnosis off important or very early cancers**, terminal issues, demise otherwise overall permanent handicap. Having death-due so you’re able to crash, the total amount increases to help you a total of S$two hundred,000.

** This tactic does not defense pre-current medical conditions. A standing period of 3 months enforce having allege off crucial otherwise very early cancer benefit.

If the Bank does not receive the required minimum payment by its due date (such, due date toward ple less 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 installment loans online for Mississippi 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 report) and used to compute the finance charges applicable to your DBS Cashline account.

This most interest rate is applied regardless if minimal commission is obtained by the Bank on the otherwise up until the due date of your adopting the times (we.age. within the July).

If the minimum repayments were created completely towards or before the respective due dates having 4 consecutive days (we.e. getting August, September, October and you may November comments), the increased Interest rate is reinstated to the Prevailing Appeal Price towards first business day after your future Statement Date (i.age. November’s declaration).

I did not ask for good chequebook at first but I desires to have one today, just what must i carry out?

If you want to possess an actual chequebook, you could potentially head to our very own DBS/POSB branches add their demand. Please be aware one chequebooks is mailed with the mailing address contained in this 5-eight working days.

There’s no need to request for another type of chequebook. We shall give you a unique you to definitely prior to your current chequebook runs out.

You might like IB age-cheque less than “Transfer” > “A whole lot more Transfer Features” > Get Cheque (Mail). This service is free. (Info)

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