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DBS may offer seasonal promotions for their personal loan products, for example, a cash coupon for online application or reduced promotional interest rate for new customers. While such promotions are tempting, a personal loan is a major financial commitment and it would be unwise to base your decision on a limited-time-only offer. Check the terms of each loan type to make sure that it's the right one for your needs before you apply for it. Also, note that the bank may choose to claw back the offer in certain scenarios, such as if you decide to make early repayment of your loan.
The basic criteria for DBS personal loans are listed above. Minimally, you must be a Hong Kong resident, at least 18 years old, and earn HK$80,000 a year. More stringent criteria will apply if you opt for the DBS Debt Consolidation Loan. You will need to furnish your HKID card and disbursement account to apply for a loan, as well as the following:
We have discussed interest rates and loan structures quite a bit above, but it is also important to know about any hidden fees that DBS might charge.