TODO
DBS Debt Consolidation Loan
Update time: Nov 2022
$
204,490
Total Repayment (as low as)
$
17,041
Monthly Repayment (as low as)
4.27
%
APR (as low as)
Monthly Flat Rate: 0.02%
[More debt, less burden] Loan amount up to 21x your monthly salary or HK$2m (whichever is lower)
[Consolidate your debts] Say no to minimal payment of credit card debt

Great for

  • Customer is entitled to reward up to HK$13,500 supermarket cash coupon upon the following requirements are satisfied

    • Successfully apply for the Loan via through whatever channels;
    • From 1 to 30 November 2022: successfully apply for the Loan;
    • On or before 21 December 2022: draw down the approved Loan
  • Customer is entitled to reward extra HK$300 supermarket coupon and up to HK$6,200 exclusive supermarket coupon or Apple Store Gift Card upon the following requirements are satisfied

    • Successfully apply for the Loan via MoneyHero;
    • From 1 to 30 November 2022: successfully apply for the Loan;
    • On or before 21 December 2022: draw down the approved Loan
    • Terms and Conditions apply
  • Loan Amount DBS Coupon Offer DBS Extra Coupons MoneyHero
    Exclusive Offer for New Customers
    MoneyHero
    Exclusive Offer for Existing Customers
    HK$1,000,000 or above HK$13,500 HK$300

    HK$6,200 supermarket coupon / Apple Store Gift Card

    HK$4,200 supermarket coupon / Apple Store Gift Card

    HK$500,000 - HK$999,999 HK$4,500 HK$300

    HK$4,200 supermarket coupon / Apple Store Gift Card

    HK$3,300 supermarket coupon / Apple Store Gift Card

    HK$300,000 - HK$499,999 HK$1,500 HK$300

    HK$2,200 supermarket coupon / Apple Store Gift Card

    HK$1,700 supermarket coupon / Apple Store Gift Card
    HK$50,000 - HK$299,999 HK$500 HK$300

    HK$700 supermarket coupon / Apple Store Gift Card

    HK$400 supermarket coupon / Apple Store Gift Card

     

  • Monthly flat rate as low as 0.02% (Annualised percentage rate: 4.27%)
  • The Loan Set Up Fee is 2% of the loan amount. The Loan Set Up Fee shall be calculated by reference to the principal amount of the loan at the rate specified by the Bank from time to time and shall be deducted from the loan principal amount upon draw down of the loan and is non-refundable
  • High loan amount up to HK$2,000,000 or 21x monthly salary (whichever is lower)
  • Flexible repayment period of up to 72 months

Need to know

  • Minimum salary requirement: fixed annual income of HK$100,000 or above
  • The redemption process will take at least 16 weeks from the time the bank confirms the eligibility of the reward, and the time required may vary due to approval, billing, and other actual circumstances. A redemption letter will be sent for the eligible customer to redeem the Coupons at the designated redemption center. Use of the Coupons is subject to the terms and conditions stipulated by the supplier.
  • Coupons are only applicable to customers whose Loan accounts are in good standing and not in default (as determined by the Bank at its sole discretion)
  • APR is calculated in accordance with the guideline issued in respect of the Code of Banking Practice and is rounded to the nearest two decimal places. An APR is a reference rate, which includes all applicable interest rates, fees and charges of the product, expressed as an annualized rate. The APR in the above table has included Loan Set Up Fee of 2% in the calculation. Loan Set Up Fee shall be deducted from the loan principal amount upon draw down of the loan and is non-refundable
  • Terms and conditions apply. For details, please visit DBS website
  • The above information is for reference only, the final approved interest rate, loan amount and instalment period are subject to the financial condition of customers.

Eligibility

Minimum Age
21 years old
Min. Annual Income
HK$100,000

Fees

Handling Fee
2

Steps to Apply

1. Apply online or by phone
2. Fill in personal and employment information
3. Confirm the information
4. Wait for the approval result 
5. Disburse the loan

Required Documents

1. HKID card
2. Latest 3 months’ income proof
3. Address proof (issue date within 6 months)
4. Practicing certificate issued by relevant association, if you are a professional (e.g. medical doctor, accountant, lawyer or engineer)
5. Banking statement / passbook showing your name and account number

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