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

POSB Loan Assist gives you cash in just 5 minutes

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 65 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, S$3,000-<S$5,000		Up to 4 times your monthly salary, S$3,000,-S$150,000
Tenure	AIR (% p.a.)^	EIR (% p.a.)*	AIR (% p.a.)^	EIR (% p.a.)*
1-year	10	25.91	5.88	18.48
2-year	10	22.42	5.88	15.04
3-year	11	22.57	8.88	18.98
4-year	11	21.53	8.88	18.07
5-year	11	20.74	8.88	17.40
Processing fee	3%
Insurance fee	1%
Late fee Charges	S$60

^Applied interest rate.

*Effective interest rate (inclusive of 3% processing fee and 1% insurance fee)

Interest rate is calculated on a flat rate, front end loaded basis.

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 76060.

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 Thursday, 8.30am to 5.15pm and Friday, 8.30am to 4.30pm. For Branch operating hours, pls click here.

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

* 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.