At a Glance

Have you been saving for the latest smartphone, DSLR camera, or home appliances? Do you wish to upgrade your tech devices? Now you need not delay your plans to buy those gadgets you have been eyeing. With DBS Bank Personal Loans, you can buy your favourite gadgets today. Get easy Gadget Loans starting from INR 25,000 up to INR 15 Lakh in minutes with our paperless loan application process.

Gadget Loan by DBS Bank

DBS Bank's Gadget Loan is a type of Personal Loan that you can use to buy any gadget of your choice. It is an unsecured, collateral-free loan, which means you can enjoy speedy approvals and disbursals. You can apply for the Gadget Loan online through our paperless online application process and get funds credited into your account within hours.

Features & Benefits

  • Minimal documentation and online KYC: Submit scanned copies of your PAN, ID, address, and income proof documents and complete the e-KYC process online.
  • Competitive Personal Loan interest rates: Get competitive interest rates on your DBS Bank loan. We also offer gadget loans for students starting from only 10.99%.
  • Speedy approval & disbursals: Get speedy disbursals of loan amount directly into your bank account. Check if you qualify for pre-approved personal loans to expedite the fund procuring process.
  • Flexible repayment tenures: Repay the loan comfortably in flexible tenures ranging from 12 to 60 months.
  • Easy EMIs: Use our Personal Loan EMI calculator to compute pocket-friendly Equated Monthly Instalments that suit your monthly budget.
  • No-end use restrictions: Buy any gadget of your choice without any intervention from the bank.

Personal Loan Eligibility Criteria

At DBS Bank, we offer gadget loans to

  • Resident Indians and Non-Resident Indians
  • Individuals in the 22 to 60 years age group
  • Salaried or self-employed individuals earning a minimum net monthly income of INR 20,000
  • Individuals with a credit score exceeding 650 points.

Documents Required

Our online application process means that we can sanction your smartphone or computer loan with minimal documentation. You merely need to submit scanned copies of:

  • ID Proof documents: PAN, Aadhaar, Passport, Voter's ID, Driving License, etc.
  • Address Proof documents: Aadhaar, Passport, Voter's ID, Driving License, Bank Passbook, Rental Agreement, etc.
  • Income Proof documents: Last 3 salary slips, 3 months bank statements.

*Income Proof documents to be submitted only upon the bank's request and based on the loan amount.

How to Apply for DBS Bank Gadget Loan Online?

  1. Download the DBS Bank app from your phone's app store or scan the QR code on the website.
  2. Complete the KYC process and open a Savings Account.
  3. From the menu on the top left corner, select Loans, and choose Personal Loans.
  4. Select Apply For New Loan > Get Started > Check Eligibility.
  5. Verify the EMI plans, interest rates, and one-time processing fee and click submit.

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Frequently Asked Questions

My Personal Loan got sanctioned. However, I no longer wish to buy the gadget. Can I cancel the application?

Yes. DBS Bank offers a free-look period that allows you to place a loan cancellation request within 48-hours of receiving the loan disbursal. The bank debits your account if you choose this facility, although the one-time processing fee remains non-refundable.

Can I make a part payment of my gadget loan online?

You can partially repay your loan after 6 months from the disbursement date with a maximum of 2 pre-payments per year.

What is the loan processing fee?

The one-time processing fee depends on the loan amount sanctioned. It is usually a percentage of your principal loan amount.

**All loans will be given out at the sole discretion of DBS Bank India Limited.

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