After using, exactly what do I expect?
You will receive if you are an existing Cashline account or Credit Cardholder:
- A SMS confirmation that your particular DBS/POSB unsecured loan is authorized. Kindly look at your designated take into account the crediting associated with the authorized loan amount.
- An endorsement page when it comes to DBS/POSB personal bank loan would be delivered up to your mailing target within 3 days that are working obtaining the SMS message.
For DBS/ POSB clients without Cashline or Credit Card.
- A SMS confirmation for an authorized Cashline account (if sent applications for a Cashline account) and/or approval letter(s) associated with used Cashline or bank card.
- If sent applications for a Cashline account, you will get a DBS ATM Card (if you don’t get one) included in Cashline application.
After publishing and endorsement of the DBS/POSB personal bank loan on your Cashline and/or charge card, you will obtain another SMS verification that the DBS/POSB unsecured loan is authorized. Kindly look at your designated take into account the crediting regarding the loan amount that is approved.
What’s a Cashline account and exactly why could it be utilized for DBS/POSB unsecured loan?
Cashline is just a line that is standby of account that your borrowing limit issued is used for DBS/POSB unsecured loan.
Just just just What do i really do with all the staying borrowing limit in the Cashline account?
You’ve got the mobility to utilize the readily available borrowing limit (up to 95%) to just just just take up another DBS/POSB personal bank loan or perhaps you can use the readily available borrowing limit being a standby personal line of credit for temporary use. There are not any extra encouraging documents needed for these utilizes in your staying credit restriction.