Personal Loan for salaried employee made easy

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 DBS Bank 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

DBS Bank Savings Account 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

Looking for an instant Personal Loan? With DBS Bank get instant approval on Loans up to INR 15 lakhs

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 DBS Bank. 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.

Do More, Live More

Open Instant DBS Bank Savings Account in just a few minutes.

Download digibank.

Download digibank.


complete KYC

Fill your details and complete KYC.


Activate your digibank savings account

Activate your DBS Bank savings account.


Frequently Asked Questions

What amount can I get through a personal loan?

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

What is the interest rate for my loan?

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.

What will be the tenure of my loan?

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

What are the charges and fees that need to be paid to get a personal loan?

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

How long does the application process for a personal loan for salaried individuals take?

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 DBS Bank Savings Account.

Is there a need for a guarantor? What other additional security do I need to give?

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.

What is the documentation/information I need to apply for a personal loan?

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.

What are the rules and regulations for part-payment of loans?

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 DBS Bank Savings Account.

What’s the procedure for paying EMIs?

The EMI of your personal loan will be debited from your DBS Bank Savings 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 DBS Bank Savings 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.

How do I receive the schedule for the repayment of my loan?

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

What are the charges for cancelling my personal loan after sanction?

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.

How do I receive the loan amount, and how much time does it take?

After you get done with the application process and your verification has been carried out through the DBS Bank app, the amount is credited into your DBS Bank Savings 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.

Why should I choose a personal loan from DBS Bank?

If you want a loan with no hassles, DBS Bank 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 DBS Bank app itself.

Will my request for modification of the interest rate and processing fee be entertained?

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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