DBS Debt Consolidation Loan

Great for

• 

  Customer is entitled to reward up to HK$18,500 supermarket cash coupon upon the following requirements are satisfied

  • Successfully apply for the Loan via through whatever channels;
  • From 1 to 31 December 2023: successfully apply for the Loan;
  • On or before 22 January 2024: draw down the approved Loan
• 

  Customer is entitled to reward extra HK$300 supermarket coupon and up to HK$8,200 exclusive supermarket coupon or Apple Store Gift Card upon the following requirements are satisfied

  • Successfully apply for the Loan via MoneyHero;
  • From 1 to 31 December 2023: successfully apply for the Loan;
  • On or before 22 January 2024: draw down the approved Loan
  • Terms and Conditions apply
• 

  Loan Amount	DBS Coupon Offer	MoneyHero Exclusive Offer for New Customers	MoneyHero Exclusive Offer for Existing Customers
  HK$1,500,000 or above	HK$18,800	HK$8,200 supermarket coupon / Apple Store Gift Card	HK$6,200 supermarket coupon / Apple Store Gift Card
  HK$1,000,000 - HK$1,499,999	HK$10,800	HK$8,200 supermarket coupon / Apple Store Gift Card	HK$6,200 supermarket coupon / Apple Store Gift Card
  HK$700,000 - HK$999,999	HK$4,800	HK$6,200 supermarket coupon / Apple Store Gift Card	HK$5,300 supermarket coupon / Apple Store Gift Card
  HK$300,000 - HK$699,999	HK$1,800	HK$4,200 supermarket coupon / Apple Store Gift Card	HK$3,700 supermarket coupon / Apple Store Gift Card
  HK$100,000 - HK$299,999	HK$800	HK$2,200 supermarket coupon / Apple Store Gift Card	HK$1,900 supermarket coupon / Apple Store Gift Card

• 

  Product Features

  • Monthly flat rate as low as 0.11% (Annualised percentage rate: 6.38%)
  • 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 drawdown 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 84 months
  • Reduce interest expense by up to 93%
  • No income proof is required

Need to know

• 

  Things you need to know

  • Minimum salary requirement: fixed annual income of HK$100,000 or above
  • A redemption letter will be sent to the eligible customer by mail within 5 months after the end of the Promotional Period for the customer to redeem the Coupons at 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.
  • Relevant fee applies if a customer early pays off the Loan. For details, please refer to the Personal Instalment Loan Terms and Conditions.
  • To borrow or not to borrow? Borrow only if you can repay!