Cash in 5 mins* – That’s all it takes!

To qualify for the Cash in 5mins* service you must be a Singaporean or Permanent Resident (PR) with a PR status of at least 1 year. You must also be, between 21 years and 70 years of age, residing in Singapore and currently earning a minimum gross annual income of S$20,000 in a continuous employment of at least 12 months.

Foreigners, retirees are regrettably not eligible to apply.

The rates we offer:

Annual Gross Income	S$20,000 - Less than S$30,000	S$30,000 and above
Credit Limit	Up to 2 times your monthly salary	Up to 4 times your monthly salary
Effective Interest Rate (inclusive of 3% processing fee & 1% Insurance fee)	(1 year) 24.91%	(1 year) 17.76%
	(2 year) 21.57%	(2 year) 14.47%
	(3 year) 21.74%	(3 year) 18.27%
	(4 year) 20.75%	(4 year) 17.41%
	(5 year) 20.01%	(5 year) 16.78%
Late Payment Charge	S$60

To apply, please visit any POSB branch with the following documents:

A copy of your NRIC (front and back)

and

For Fixed/ Variable Income Employees
You are required to retrieve your last 12 months CPF contribution history statement using your Singpass on the spot at the branch.

Note: Applicants may be required to provide additional income document for review after submitting your application at the branch.

For Full Commissioned/ Self-Employed
You are required to retrieve your last 2 years Notice of Assessment (Income Tax statement) using your Singpass or IRAS pin on the spot at the branch.

Note: Applicants may be required to provide additional income document for review after submitting your application at the branch.

Alternatively, send SMS

POSBLA<space>PC<space>NAME<space>NRIC to 76555.

Please note:

For Cash in 5mins* applications at our branches -

Please note that the Bank will firstly send you an SMS confirming receipt of your application. Within the next 5 minutes, the Bank will send you a 2nd SMS to inform you of the status of your application. Thereafter, the loan will be disbursed to your designated account with POSB within the same day.

The Cash in 5 mins* application processing service is available at any POSB branch from Monday to Friday, 8.30am to 5.30pm. For Branch operating hours, pls click here.

The Cash in 5 mins* service is applicable to the POSB Loan Assist or POSB Loan Assist Plus loan facilities only.

* POSB will only process applications that meet the bank's internal requirements. We regret that we will be unable to process applications if the Cash in 5mins* system is unavailable at the point of application. POSB reserves the right to reject any application and/or grant a lower limit at its sole discretion.