You might need a personal loan for a variety of reasons - a much-awaited international holiday, a sudden medical emergency or for a dream wedding. No matter what your purpose is, you can take a personal loan for salaried individuals offered through digbank by DBS.

Our guiding principle is ‘Live More, Bank Less’. Now, salaried employees can apply for a personal loan in just four quick and easy steps. The interest rates we offer are appealing, loan tenures flexible, and we have simple options for loan repayment. Download the digibank by DBS app, and you can get your required funds after a short wait. If you fit our eligibility criteria for a pre-approved personal loan, you get instant disbursal!


Features and Benefits of Personal Loan for Salaried Employees

Instant Eligibility

It will just take you a couple of minutes

Entirely Paperless

You needn’t submit any physical document

Highly Tempting Interest Rates

You get fixed interest rates that are generous

Equally Accommodating Loan Tenures

Loan tenures vary from 12 to 60 months

Flexible Options for Loan Repayment

You can manage everything digitally from the app

Instantaneous Disbursal for Pre-approved Personal Loans

digiSavings customers who are eligible will receive this offer


Eligibility criteria for a personal loan for salaried employees

The eligibility criteria for a personal loan for salaried employees are:


22 years (lower limit)
60 years (upper limit) at the time of loan maturity


Salaried or self-employed


Minimum of Rs. 20,000 per month


Interest rates and charges

Our interest rates range from 10.99% to 23.99%

We charge only a nominal amount as the processing fee, and other charges are also very nominal.

To know more about our fees and charges for a personal loan for salaried individuals, click here


Documents required for a personal loan

Unlike other banks, you don’t have to submit any paper documents to apply for a personal loan through digibank by DBS. All that is required is a KYC verification, which you will need to scan and upload (documents like passport, driving licence, voter's identity card, Aadhaar card or PAN card are accepted).

If your requirements exceed the permissible upper limit, you will be required to provide some bank statements and details (other banks). That’s all. We do not ask for salary slips or income tax returns.


How to apply for a personal loan for salaried employees

Here are the steps to apply for a digibank personal loan for salaried employees:

  • For digibank by DBS users:

    • Using the digibank by DBS mobile app
    • Start the app on your device
    • Log in, go to the navigation menu and click on "Personal Loans".

  • For new users:

    1. Check your eligibility

      Keep your personal details handy, and answer a few questions to get an instant offer.

    2. Apply to create a digiSavings account

      Answer some questions to help us set up your digiSavings account. Your loan will be credited here.

    3. Finish your KYC and verification

      Fix your biometric appointment, after which we will inform you once your background checks are complete.

    4. Get your money credited to your digiSavings account

      You're done!

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Frequently Asked Questions

Personal loan for salaried people can range from Rs. 25,000 and Rs. 15 lakh, depending on eligibility.

Interest rates range from 10.99% to 23.99%. How much you are charged will depend on various factors like income, credit score, and so on.

Tenures can range from 12 months to five years, depending on eligibility and other factors.

A processing fee (one-time) and relevant taxes are charged when you take a personal loan

The application process for our personal loan only takes a few minutes.

Once the application process has been completed, your account verification will be done. Then the personal loan amount will be credited to your digisavings account.

Personal loan for salaried employees is entirely devoid of hassles like these. There’s no need for you to have a guarantor, provide collateral, or have a co-applicant.

Applying for a personal loan with is us is 100% paper-free. You need to fill in some personal details to apply.

If the loan amount you sought exceeds our approved upper limit, you will be required to provide your bank details and statements (banks other than DBS).

Other documents, like salary slips or income tax returns, are not required.

After you have paid the first 12 EMIs, you can make a partial prepayment of your personal loan at any time.

You need to pay the applicable charges or taxes if there are any before you can make the pre-payment from your digiSavings account.

The EMI of your personal loan will be debited from your digiSavings account, so payment is effortless.

You need to ensure that your account has sufficient funds two days before the payment date of your EMI. Your EMI is paid only through your digiSavings account, and there are no other options to transfer payment from other bank accounts. You will receive regular notifications regarding your EMI due date and payment.

If you want a personal loan for salaried, go to the 'Personal Loans' section in the digibank by DBS menu. Then go to the 'Statements' section and download the repayment/loan schedule.

After the amount has been credited to their account, a 48-hour window is provided to everyone for cancellation of loans. You will be charged with no cancellation fees then. However, the processing fee you paid is non-refundable.

After you get done with the application process and your verification has been carried out through the digibank by DBS app, the amount is credited into your digiSavings account. The amount you receive will be after the deduction of the processing fees and other taxes.

You will receive the full amount of the loan since we do not offer a part-disbursement facility.

If you want a loan with no hassles, digibank by DBS is the best choice. We ask for no physical documents and deal in no paper-based application forms. Apply for a loan at your convenience, right from the digibank by DBS app itself.

The interest rate and processing fee that we offer is based on your eligibility and is not negotiable.

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

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