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
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Who will be eligible to apply:
- Singaporean/Permanent Resident
- 21 to 65 years (upon loan maturity date)
- Annual income from S$30,000 to < S$120,000
- Balance to Income Ratio (BTI) of more than 12 times monthly income
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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.
- This card comes with a maximum credit limit of 1x your monthly income
- 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 | |
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| 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.
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| Step 2 | Check that all required documents are in order.
For New to Debt Consolidation
Important note: |
| Step 3 | Submit your application online seamlessly and fully assisted by our digibot. You will need to authenticate yourself via:
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