Installment Loans - FAQs

  1. What is Cashline Instalment Loan?
    Cashline Instalment Loan is the term loan feature offered under Cashline. The full loan amount will be transferred to your preferred account and you are required to make monthly repayments.

    The credit limit in relation to your Cashline account will be reduced by blocking out an amount equivalent to the entire loan amount (including the interest amount) but will be progressively restored as each monthly instalment amount is paid and received by DBS.

    You will still be able to use your Cashline account facilities as per normal as long as there is available credit limit in your account.
  2. How do I sign up for Cashline Instalment Loan?
    You can download the application form here. If you are not a Cashline customer, please click here.
  3. How much can I loan up to?
    The loan amount of your Cashline Instalment Loan cannot not exceed the credit limit of your Cashline account, which in turn cannot exceed twice your monthly income or such other amount as stipulated by any regulatory authority or the credit limit set by us.
  4. Can I re-structure or opt for early prepayment of my Cashline Instalment Loan?
    No restructuring of loan amount or loan tenure is allowed.

    Partial prepayment is also not allowed. You may, at any time cancel any one or more of your Cashline Instalment Loan(s) by giving DBS 30 days’ notice in writing unless otherwise agreed by DBS. Upon cancellation of the Cashline Instalment Loan(s), all of the monthly instalments then outstanding together with interest charged for each Cashline Instalment Loan cancelled shall be directly charged to and debited from your Cashline account or such other account as determined by DBS.
  5. How do I calculate the monthly interest?
    Interest will be calculated on a flat rate basis and shall be fixed for the entire duration of each loan.
  6. How much of my monthly instalments am I required to pay?
    You must pay the full instalment amount by the payment due date stipulated on your month statement, otherwise additional interest at the prevailing Cashline interest rate, or such other rate as we may in our absolute discretion, will be charged on the unpaid instalment amount.

    Monthly minimum payment due will still be the higher of (i) the amount equal to 2.5% of the Cashline outstanding balance specified in your Cashline statement or (ii) S$50/-.
  7. How do I make payment?
    The existing modes of payment for Cashline still apply:
    1. Issuing a cheque into your Cashline account;
    2. Bill payment via ATM;
    3. Cash payment at our branches;
    4. Bill payment at AXS stations
  8. Will I get a monthly statement detailing the payment and outstanding balance?
    You will receive a monthly Cashline statement stating the monthly instalment payable.
  9. What are the fees and charges?
    Minimum Payment Due 2.5% of the Cashline outstanding balance specified in your Cashline statement or (ii) S$50/-, whichever is higher.

    Full instalment amount must be made by the payment due date stipulated on your month statement, otherwise additional interest at the prevailing Cashline interest rate, or such other rate as we may in our absolute discretion, will be charged on the unpaid instalment amount.
    Prepayment fee None. All of the monthly instalments then outstanding together with interest charged for each Cashline Instalment Loan cancelled shall be directly charged to and debited from your Cashline account or such other account as determined by DBS.
    Cancellation fee S$100 if the application is cancelled before the balance is disbursed into your designated POSB/DBS bank account.
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