DBS Bank is a multinational bank which is originated in Singapore. In India, DBS has a network of over 33+ branches spread in different cities of different states. Also, the 24×7 ATM facilities are available to the customers for their needs.
In this post, I’ll cover the details of a personal loan at DBS Bank with its features, eligibility, contact details, and many more.
Table of Contents
Loan Details
Sl. No.
Category
Data
1
Loan amount (minimum)
Rs 20,000
2
Loan amount (maximum)
Rs 15 Lakhs
3
Interest rates
10.99-34%
4
Age
22 years or above
5
Tenure
Up to 5 years
6
Processing charge
1-3%
7
Income
Rs 20,000 monthly
8
Foreclosure fees
2-4.5% + GST
9
Lowest EMI
Rs 2,174 per Lakhs
Steps to apply at DBS Bank for personal loan
Step-1: Check your eligibility first and then download the DBS bank mobile app.
Step-2: Go to the option of get your personal loan and then sign if you’re existing user of DBS bank, otherwise sign up and enter your correct details.
Step-3: Complete all the KYC procedure.
Step-4: After the documents are verified by the bank, loan will be instantly transferred to your account.
Features of DBS Bank
Fully digitized procedure– no paperwork
Attractive loan amount till Rs 15 Lakhs
Pre-approved facility for loan takers
Flexible tenure period of 5 years
Eligibility criteria for DBS personal loan
Age: 22 years or above
Applicant must be either salaried or self-employed individual
Work experience: 2 years minimum
Monthly income: Rs 20,000
Required Documentation for DBS Personal Loan
As the whole procedure is paperless, no physical documents are needed. You just have to upload the documents at your own comfort.
KYC
Bank details
Bank statements
ITRs
Digital photographs
Comparison of DBS with other banks
Sl. No.
Bank Name
Loan amount
Interest rates
Processing charge (without GST)
1
ICICI
Up to 20 Lakhs
11.5-19.25%
2.25%
2
Bajaj Finserv
Up to 25 Lakhs
12.99%
3.99%
3
Axis
Up to 15 Lakhs
10.25%
2%
4
Deutsche
Up to 15 Lakhs
9.99-11.49%
2%
5
Canara
Up to 3 Lakhs
11.25-13.9%
0.5%
Check Status
You can easily track your online DBS personal loan status by entering you details in the following button:
