DBS Bank Personal Loan Interest rates from 10.99% p.a
Apply for a personal loan from DBS Bank with interest rates starting from 10.99% p.a. Enjoy quick approval, flexible terms, and easy access to funds.
DBS Bank Personal Loan Interest Rate
DBS Bank offers personal loan interest rates with interest rates from 10.99% per annum, This interest rate is subject to vary based on the borrower’s credit score, credit records, and repaying ability.
The Interest rates of DBS Bank are determined by several factors which include credit score, income stability, repayment ability, tenure, and existing relationship with DBS bank. A good credit profile with a strong credit score increases your chance of getting personal loan at good interest rates
DBS Bank Interest Rate VS Other Banks
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Factors that affect DBS Personal Loan interest rate
- Credit Score : Borrowers who have a credit score of 750 and above are most likely to get personal loan at favourable interest rates
- Income Level: Higher and stable incomes often lead to better interest rates as the lenders get assurance that you will be able to repay on time
- Employment Type: Salaried professionals, especially those working in reputed companies and government organization are more likely to get personal loan at favourable interest rates
- Loan Tenure: Shorter tenure typically attracts lower interest rates as the risk to the lender is less
- Debt-to-Income Ratio: A lower DTI ratio indicates that you have good disposable income to take care of the new EMI obligations. Banks generally expect a DTI of less than 40%
- Existing Relationship with DBS Bank: Existing customers of DBS Bank with a good credit record can expect favourable loan terms
How to Get the Best Interest Rate on DBS Personal Loans
- Enhance Your Credit Score: Regularly check your credit report for errors and ensure your score is atleast 750 or higher to get favourable interest rates.
- Choose a Shorter Loan Tenure: Opting for a shorter tenure significantly reduce your interest rates as it is low risk option for the lenders
- Apply During Special Promotions: DBS bank offers personal loan with low interest rates during festivals and other occasions. It is better to take advantage of those
- Take advantage Your Employer’s Reputation: Banks offer loan amounts with better interest rates to employees who are working in reputed organization such as CAT A and CAT B companies
- Negotiate with the lender: If you have an existing relationship with DBS Bank, negotiate with them for better interest rates
DBS Bank Personal Loan Interest Rate with an Example
An EMI calculator helps you estimate your monthly repayments, making financial planning easier.
Formula: EMI = \[P x R x (1+R)^N\] / \[(1+R)^N - 1\]
where:
P = Loan amount,
R = Monthly interest rate,
N = Loan tenure in months.
How It Works:
- Enter the loan amount.
- Input the applicable interest rate.
- Choose the desired repayment tenure.
Example Calculation:
- Loan Amount: ₹6,00,000
- Interest Rate: 13% p.a.
- Tenure: 5 years (60 months)
- Monthly EMI - ₹13,652
- Total Cost of the loan - ₹8,19,111 (Excluding fees and charges)
FAQ on DBS Personal Loan Interest rate
1. Can I reduce my DBS Bank personal loan interest rate after loan approval?
No, the interest rate is fixed at the time of loan approval, but you can always repayment twice a year to reduce the overall loan cost
2. Does DBS Bank offer a fixed or floating interest rate on personal loans?
DBS Bank usually offers fixed interest rates on personal loan, so, you will have to pay the same EMI every month throughout the course of the loan
3. What is the processing fee for personal loans?
Whenever you apply for a personal loan, you need to pay upto 3.00% of the loan amount you have applied for as processing fees. GST will be applied on the loan amount
4. What is the maximum and minimum tenure of the personal loan from DBS bank?
The personal loan tenure of DBS Bank is minimum 1 year and the maximum tenure is 5 years
5. Can I make part payments towards my DBS Bank Personal Loan?
You are allowed to make a partial prepayment of loans after 6 months from the disbursement date. You can make upto 2 part payments per year and they attract a charge of 4.5% of the loan principal paid for upto 2 years, 2.5% for the third year, and 2% for tenure beyond 3 years
