DBS Cashline Instalment Loan, Processing Fee Waiver

When you apply for loan, one of the cost incurred is processing fee or administration fee which amount could be varied from one provider to another. In this case, normally DBS charge 1% processing fee which needs to paid in front.

With this promotion which valid until 31 May 2012, there will be no processing fee for applying the DBS Cashline installment Loan.

Here is the summary from the DBS websites:

For new DBS Cashline customers

For applicants with annual income of at least S$30,000

Tenure (months)	A.I.R (% p.a.)^	Processing fee	E.I.R (% p.a.)*	Monthly instalment amount for loan of S$5,000
12	6.8	0%	12.32	S$445
24	6.8	0%	12.56	S$237
36	6.8	0%	12.48	S$168
48	6.8	0%	12.34	S$133
60	6.8	0%	12.18	S$112

For applicants with annual income of between S$20,000 and S$29,999

Tenure (months)	A.I.R ^ (% p.a.)	Processing fee	E.I.R * (% p.a.)	Monthly instalment amount for loan of S$5,000
12	8.8	0%	15.86	S$454
24	8.8	0%	16.08	S$245
36	8.8	0%	15.91	S$176
48	8.8	0%	15.66	S$141

^ A.I.R: Applied Interest Rate
* E.I.R.: Effective Interest Rate
The above monthly instalment amounts have been simplified for illustration purposes

DBS Cashline Instalment Loan Promotion Terms and Conditions

1. The processing fee waiver promotion ("Promotion") is applicable to new DBS Cashline account applicants who apply for DBS Cashline and DBS Cashline Instalment Loan concurrently from 1 March 2012 to 31 May 2012.
2. DBS Cashline Terms and Conditions and DBS Cashline Instalment Loan Terms and Conditions apply.

Source: DBS Websites

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