S$20,000 – <S$30,000
Application for POSB Loan Assist Plus
Eligibility Important information to take note:
You must be a Singaporean or Permanent Resident between 21 and 70 years of age residing • Processing fee of 3% and Insurance fee of 1% each will be deducted upfront
from the approved loan amount.
in Singapore and earn a gross annual income of at least S$20,000 p.a. - < S$30,000 p.a.
• A penalty fee of 1.5% of the outstanding loan amount is payable if the loan is
Existing DBS Cashline and POSB Loan Assist customers will not be eligible for fully prepaid within the first year.
POSB Loan Assist Plus. • The effective interest rate for POSB Loan Assist Plus is 24.91% (1 year), 21.57% (2 year),
21.74% (3 year), 20.75% (4 year) and 20.01% (5 year).
Please allow 1-2 weeks for processing. Applications not accompanied with required • POSB will only process applications that meet the bank’s internal requirements.
documents or with incomplete information will result in a delay in processing. • POSB will be unable to process this application if the Cash in 5 mins system is
unavailable at the point of application.
Please submit all documents with this application form.
For Salaried Employees
• NRIC (front and back), AND either a OR b OR c
a latest 12 months' CPF Contribution History Statement^
b latest computerised payslip
c latest 6 months’ bank statement reflecting salary www.dbs.com/sg/personal/cpfsubmit on:
credited to bank account
For Commissioned or Variable Income Earners (% p.a.)1 (% p.a.)2
• NRIC (front and back), AND either a OR b OR c
a latest 12 months' CPF Contribution History Statement^ 10 24.91
b latest 3 months’ computerised payslips 10 21.57
c latest 6 months’ bank statement reflecting salary credited to bank account
For Self- Employed
• NRIC (front and back), AND 11 20.75
a latest 2 years' Income Tax Notice of Assessment **
** You can now print your Income Tax Notice of Assessment at myTax Portal with your
SingPass or IRAS PIN. The service is free. Log on to https://mytax.iras.gov.sg for more details.
My Personal Details My Work Details
Title: Dr Mr Mrs Miss Mdm Company Name:
Name (as in NRIC):
Company Address (Please do not give a P.O. Box or foreign address):
NRIC No.: Gender: Male Female
Block Unit # –
Date of Birth: (dd/mm/yyyy) / /
Nationality: Singapore Citizen Postal Code
Singapore PR, Nationality:
Marital Status: 1 Single 2 Married
3 Divorced Others 04 Executive 05 Office Worker 19 Supervisor
No. of Dependants: 30 Technician 28 Chef 27 Teacher
06 Sales 31 Telemarketer 33 Driver
Education: 03 University/Post-Grad 05 Diploma Holder
32 Customer Service Support Staff 09 Blue Collar
06 Technical 07 ‘A’ Level 08 Secondary
09 Primary 10 Others
Correspondence Address: Residential Office Job Status: E Employee S Self - Employed
Residential Address (Please do not give a P.O. Box or foreign address): c Variable/Commission Earner Others
Block Unit # – Occupation:
Industry/Business Type: 04 Banking & Finance 05 IT/Telco
Postal Code 02 Building/Construction 20 Shipping/Transport 29 Travel Related
11 Government 17 Manufacturing 23 Hotel/Restaurant
Home Tel: 6 Office Tel: 6
27 Retail 19 Others
Mobile No: (Mandatory field)
Length of Current Employment: Years Months
Name of Previous Company:
Residential Status: Self-Owned S Mortgaged M
Rent R Live with Parents P
Employer’s E Others O
Length of Previous Employment: Years Months
Residence Type: HDB HD Landed LA
Condominium/Apartment CA Other OT
Length Of Stay At Address: Years Months
Please turn over...
Application for POSB Loan Assist Plus (continued)
I agree not to terminate any GIRO facility or such other payment facility during
My Financial Details (Provide income documents as stated)
the tenure of the loan. However should there be such cancellation, I hereby
Monthly Salary Other source(s) of Income consent to you reinstating my GIRO facility or such other payment facility,
without notice or liability to any party.
Notwithstanding that my primary account may be operated by way of thumprint,
by submission of this application form via mail, fax or other such approved
My Other Credit Lines modes of communication, I hereby authorise you to act upon my instructions
in such application.
Bank Credit Limit Outstanding Balance (if any)
I agree to abide and be bound by your Standard Terms and Conditions Relating
to POSB Loan Assist Plus granted by DBS Bank Ltd. as may be amended and
supplemented from time to time ("Terms"). A copy of the Terms is available
from any POSB/DBS branch or by calling telephone number (65) 6339 6666. A
copy of the Terms, together with the Approval Letter, will be sent to me and
My Financial Commitment constitute the whole agreement between us in relation to the loan if this
application is approved.
Other Financial Institution
I instruct and authorise you, upon approval of this application, to:-
a) deduct upfront from the loan, upon disbursement, a processing fee of 3% of
Type of loan: Loan Amount: the approved loan amount and the insurance premium of 1% of the
approved loan amount payable for my comprehensive life, or total and
Security: Monthly Repayment:
permanent disability insurance coverage;
2. b) credit the net proceeds of the loan to my designated account which I
Type of loan: Loan Amount: maintain with DBS Bank; and
c) debit the monthly instalment amounts and accrued interest and all other
Security: Monthly Repayment:
monies due and payable by me to DBS Bank from such account as may be
designated by me or any other account(s), which I maintain with DBS Bank
My Loan Request singly or jointly with any other person on a joint alternate basis, without prior
notice to me.
Loan Amount Required: S$
(POSB Loan Assist Plus - min. loan amount: S$3,000) Applicant’s Signature
Please sign as per your POSB/DBS account
The bank may grant a lower limit which may differ from what (for thumbprint account, please visit any POSB/DBS branch to have your signature verified):
For Bank Use
Please refer to Loan Tenure Table for the minimum and maximum loan tenure Spec No:
with each corresponding loan amount required.
Loan Tenure: 12 mths (C70010) 24 mths (C70010) 36 mths (C70011) Initial:
48 mths (C70011) 60 mths (C70011)
X Sign here
(POSB Loan Assist Plus: min. loan tenure 12 mths and max. loan tenure 60 mths) Name:
Please provide your POSB/DBS bank account for crediting of your loan amount NRIC No: Date:
and debiting of monthly instalment.
For Bank Use
7171 (Joint All, Trust and SAYE accounts not permitted) Code: 05-LPB9SN3300-V
Declaration (Please read before signing) For Bank Use CMS411 00
CDM 2 Ø Ø 1ØØ/CT491
I understand that where I nominate my joint-alternate account to facilitate the
crediting/debiting of my loan, any funds within the account for this purpose may F($)M: V($)M: F($)C: V($)C:
be accessible and/or withdrawn by the other account holder(s) without my
POSB Biz Reg. No. 52880148A
EL($)M: EL($)C: DBS($): RL($):
consent, and DBS shall not be liable for such access/withdrawal.
Instal($): Repay mth: 12 & 24 (C70010), 36, 48 & 60 (C70011)
I understand that in the event of my loan is not approved, I may choose to close
the account that was opened solely to facilitate the crediting and debiting of the
loan amount. AF AP DC ( ) WD DP
I understand that you reserve the right to decline this application without giving CDM
any reason whatsoever.
I hereby declare and warrant that the information given in this application and
all documents submitted to you are complete, true and accurate and belong to
you absolutely and that I have not wilfully withheld any material fact. If any of
the information given herein changes or becomes inaccurate in any way, I shall
immediately notify you of any such change and/or inaccuracy.
I hereby authorise and give you consent to conduct credit checks on me
including but not limited to checks with any credit bureau recognised as such by
the Monetary Authority of Singapore and obtain and verify and/or to disclose or
release any information relating to me and/or any of my account(s) with you
from or to any other party or source as you may from time to time deem fit at
your own discretion and without any liability or notice to me.
I agree that you may send to me by ordinary mail or such other means at my sole
risk the Approval Letter, and all other documents and communications
addressed to me to any of my address(es) on DBS Bank's records as DBS Bank
may at its sole discretion select.
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BUSINESS REPLY SERVICE BUSINESS REPLY SERVICE BUSINESS REPLY SERVICE
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DBS Bank Ltd DBS Bank Ltd DBS Bank Ltd
Bedok Central Post Office Bedok Central Post Office Bedok Central Post Office
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Singapore 914686 Singapore 914686 Singapore 914686
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