Apply for POSB Debt Consolidation Plan

Clear your debt easily and save interest expenses by taking up a loan at low rates starting from 3.58% p.a.

Important information

Who will be eligible to apply:
1. Singaporean/Permanent Resident
2. 21 to 65 years (upon loan maturity date)
3. Annual income from S$30,000 to < S$120,000
4. Balance to Income Ratio (BTI) of more than 12 times monthly income
POSB Debt Consolidation Plan comes with a DBS Visa Platinum Credit Card to provide you with a convenient mode of payment for managing your daily essentials.
1. This card comes with a maximum credit limit of 1x your monthly income
2. No annual fee
You will need a DBS/POSB deposit account (excluding Joint All, Trust, MSA, SAYE and POSB current accounts) for the repayment of the loan.
You can only sign up for Debt Consolidation Plan with one single Financial Institution.

How to Apply

You will need a DBS / POSB deposit account (excluding Joint All, Trust, MSA, SAYE, FCCA and POSB current accounts) for the repayment of the loan.

If you do not have an existing DBS / POSB account, click here to apply before beginning your Debt Consolidation Plan application.

	Application via digibot
Step 1	Download and fill up the editable Debt Consolidation Plan PDF application form. To have the best experience please complete the form using Adobe Acrobat Reader on your Personal Computer.
Step 2	Check that all required documents are in order. For New to Debt Consolidation Completed PDF application form Income documents Credit Bureau Report (current or less than 2 months validity) All Bank Statements (statement must clearly show Bank's name, account number and outstanding balances) For Refinance to DBS Debt Consolidation Plan Completed PDF application form Income documents Credit Bureau Report (current or less than 2 months validity) Early settlement letter Survival credit card statement For Repayment Terms Revision Completed PDF application form Income documents Important note: Please note that maximum 5 files are allowed to be uploaded. Supported file are JPG, PNG, PDF. Maximum of 4MB each . You may refer to the guide here on how to combine your documents.
Step 3	Submit your application online seamlessly and fully assisted by our digibot. You will need to authenticate yourself via: Your digibank User ID and PIN, OR ATM, Debit or Credit Card number and PIN Please wait a few seconds for the digibot to be activated and it will guide you through your application.

Application via digibot

Step 1

Download and fill up the editable Debt Consolidation Plan PDF application form. To have the best experience please complete the form using Adobe Acrobat Reader on your Personal Computer.

Step 2

Check that all required documents are in order.

For New to Debt Consolidation

Completed PDF application form
Income documents
Credit Bureau Report (current or less than 2 months validity)
All Bank Statements (statement must clearly show Bank's name, account number and outstanding balances)

For Refinance to DBS Debt Consolidation Plan

Completed PDF application form
Income documents
Credit Bureau Report (current or less than 2 months validity)
Early settlement letter
Survival credit card statement

For Repayment Terms Revision

Completed PDF application form
Income documents

Important note:
Please note that maximum 5 files are allowed to be uploaded. Supported file are JPG, PNG, PDF. Maximum of 4MB each . You may refer to the guide here on how to combine your documents.

Step 3

Submit your application online seamlessly and fully assisted by our digibot. You will need to authenticate yourself via:

Your digibank User ID and PIN, OR
ATM, Debit or Credit Card number and PIN

Please wait a few seconds for the digibot to be activated and it will guide you through your application.

Was this information useful?