Personal Loan Interest Rates 2025: starting @10.99%*

Personal Loan Interest Rates 2025

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Life doesn’t always wait - neither should you.From dream weddings to urgent needs, a DBS Bank Personal Loan gives you quick access to funds with competitive rates and zero hassle.Secure Funds at Low Interest Rates Starting at 10.99%Financial needs can arise unexpectedly, whether you’re planning a wedding or dealing with a medical emergency. A personal loan from DBS Bank can help bridge the financial gap. Read on to learn about our personal loan interest rates. Open a DBS Bank Account Now

Interest Rates and ChargesWhen you are planning to take a personal loan online, it’s important to be aware of all the charges and interest rates that apply to the borrowers:Personal Loan Interest RatesDBS Bank offers personal loans at attractive interest rates with flexible tenures that make it easy on the borrowers.

Minimum Interest Rate	Maximum Interest Rate	Type of Interest Rate
10.99%	30%	Fixed

To get an estimate on your EMIS plan use our Personal Loan EMI Calculator. Just enter your loan amount, tenure, and interest rate to calculate an EMI plan that suits your budget. Open a DBS Bank Account Now

Personal Loan Fees & ChargesHere’s a detailed overview of fees you should know before applying for a DBS Bank personal loan.

Charge Type	Details
Processing Fee	Up to 3.00% of the loan amount + GST
Standing Instruction Dishonour	INR 600 per instance + GST
Penal Charges	3% per annum over the applicable personal loan interest on overdue EMIs, charged monthly
EMI Overdue Calculation	Based on Principal + Interest

Foreclosure ChargesForeclosure is allowed after 6 months from loan disbursement.

Loan Tenure	Charge on Outstanding Principal
7-24 months	4.50% + GST
25-36 months	2.50% + GST
Above 36 months	2.00% + GST

Prepayment Charges-Partial prepayments are allowed after 6 months (maximum twice a year)

Loan Tenure	Charge on Prepaid Amount
7-24 months	4.50% + GST
25-36 months	2.50% + GST
Above 36 months	2.00% + GST

Loan Cancellation

Free Look Period: Within 3 days of disbursal.

Cancellation Fee: None, but processing charges paid earlier will not be refunded.

Note: Processing Fees are non-refundable

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Loan Tenure	Foreclosure Charges will be collected on the Loan Principal outstanding + GST as applicable
7-12 months	4.50%
25-36 months	2.50%
>36 months	2.00%

Things to Know While Taking a Personal LoanWhen it comes to securing a low-rate personal loan, it’s important to comply with a few important factors before you apply for a personal loan online such as:

Ensure you meet the eligibility criteria for personal loan.

To ensure you get a personal loan with low interest rate, maintain a strong credit history with timely repayments.

Personal Loan interest is calculated on a daily reducing balance basis.

Once approved, the personal loan amount will be disbursed directly to your DBS Savings Account.

Assess all fees to get a clear estimate of the expenses you might

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What is the interest rate for a personal loan?

DBS Bank offers competitive, low interest rates for Personal Loans starting at 10.99% per annum, making it easier to avail funds you need for any unforeseen expenses.

Are DBS Bank Personal Loan interest rates fixed or floating?

Is it possible to lower my personal loan interest rate?

To secure a personal loan with a low interest rate, it’s important to have a strong CIBIL score, ensure that you match the eligibility criteria and have paid previous dues on time.

What is are the charges on loan?

There are additional fees and charges that are applicable to the borrowers. These fees can be levied on foreclosure or defaulting on EMI payments. Make sure to go through all the charges associated with DBS Bank Personal Loan here.

What are foreclosure charges?

Foreclosure fees are applicable to the borrower, when they pay off the loan before the completion of tenure. These are calculated as a percentage of the outstanding loan amount. For the DBS Bank Personal Loan, the foreclosure charges can be 4.50% to 2% and additional GST.

What is the difference between Part payment & foreclosure?

Part-payment refers to when a borrower pre-pays a part of the loan before the end of the term, whereas foreclosure refers to when the entire loan is repaid before the end of the loan tenure.

Do banks charge GST on personal loans?

Yes, banks charge GST on personal loan processing, pre-payment and other charges. GST is not applicable for loan repayment and personal loan interest payments.

What are the minimum and maximum tenures for personal loans by DBS Bank?

Do I need to provide collateral to avail of a personal loan?

What are the penal charges on a personal loan?

Penal Charges apply when the borrower delays EMI payments on the personal loan. DBS Bank charges 3% annual interest. This amount must be paid every month along with EMI.

How to calculate personal loan interest rates?

How to apply for a personal loan?

For DBS Bank users, you can simply click on apply now, to get a personal loan online. Alternatively, you can also use DBS digibank app, go to the loan section and select the personal loan option to apply instantly.

How much time does it take to disburse a personal loan?

Once approved, your personal loan amount is immediately disbursed to your DBS Bank Savings Account. In most cases, the personal loan amount is disbursed on the same day of application.

How can I cancel my personal loan? What are the charges for cancellation?

You can cancel a personal loan within 72 hours of the amount being credited to your account. No charges are levied for the cancellation. The processing fees paid at the time of applying for the loan, however, cannot be refunded.

What are the other fees and charges applicable to personal loans?

For dishonor of standing instruction, a charge of Rs. 600 plus GST is applicable for every instance. Partial prepayment and foreclosures are not permitted within the first 6 months of disbursal. The charges post 6 months from disbursement vary depending on the personal loan tenure.