DBS Cashline
Enjoy S$1 withdrawal minimum, pay only 0.07% daily interest, and flexible repayment—no early payment penalty. Free first-year annual fee plus cashback offers!
DBS Cashline in Singapore is a flexible personal credit line designed for instant access to cash. Users benefit from a low 0.07% daily interest rate (22.9% per annum) on withdrawals starting from just S$1. The annual fee of S$120 is waived for the first year, and cash withdrawals come with no transaction fee. Repayment is highly flexible, and borrowers may repay early without penalty or just the minimum due—whichever suits their budget and circumstances best.
This line of credit is available to Singapore Citizens and Permanent Residents between 21 to 70 years old, with a minimum annual income of S$20,000. You can access your funds instantly via digibank, ATMs, or fund transfers to other accounts. Additional promotions sweeten the deal, such as S$50 cashback upon approval and even more cashback if certain account balances are maintained in the initial months.
How to Apply for DBS Cashline
- Log in to digibank online or via mobile app
- Select ‘Apply’, then choose ‘Personal Loans’
- Pick the Cashline option and enter your personal and employment details
- Decide your preferred credit limit and input any promo codes
- Review and complete your application
Key Advantages
DBS Cashline’s best features include its extremely low minimum withdrawal (from S$1), fully digital application, and the ability to repay early with no penalty. Customers pay interest only on what they use, not the approved line amount, making it extra flexible. Cashback offers on approval and account usage boost value further.
Potential Drawbacks
Applicants must meet income criteria, which excludes those below S$20,000 annual income. Interest rates rise to 29.8% if annual income is under S$30,000, which can be hefty. Also, it charges a minimum S$10 interest each statement, regardless of usage.
DBS Cashline Verdict
DBS Cashline is a suitable and flexible option for Singaporeans seeking quick cash solutions with minimal fuss. It rewards convenience with instant access and attractive cashback but is best suited for disciplined spenders who can manage repayments responsibly.