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
|
(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.