Apply for My Preferred Payment Plan

Bought something expensive using your credit card and wish to have an option to pay it off over time? Split your purchases into monthly instalments of up to 24 months.

Part of: Guides > Go Shopping with POSB

Who is it for?

Customers who wish to make their expensive purchases or holidays more affordable.

Tenure	3 months	6 months	12 months	18 months	24 months
One-Time Processing Fee (based on transaction amount)	2% 0%	3%	5%	6%	6%
Effective Interest Rate	0% p.a.	10.43% p.a.	9.50% p.a.	7.86% p.a.	5.98% p.a.

Sample illustration

For example, based on a transaction amount of S$2,700:

Tenure	3 months	6 months	12 months	18 months	24 months
Monthly Instalment	S$900	S$450	S$225	S$150	S$112.50
One-Time Processing Fee (based on transaction amount)	S$0 (0% of S$2,700)	S$81 (3% of S$2,700)	S$135 (5% of S$2,700)	S$162 (6% of S$2,700)	S$162 (6% of S$2,700)
Total	S$2,700	S$2,781	S$2,835	S$2,862	S$2,862

Types of eligible transactions

Eligible transactions

Applicable for retail transactions charged to a DBS/POSB credit card or DBS Platinum Business Card or DBS World Business Card, and instruction has to be given by Principal Cardholder.

Unbilled retail transactions and retail transactions reflected in latest statement;
Minimum amount required for MP3 application is S$100 (in a single transaction);
A combination of 10 transactions is allowed per MP3 application.