Debt Consolidation Plan
Interest Rate as low as 3.48% p.a. (EIR from 6.33% p.a.)
Borrow from Us
Calculations are based on the average rate of our lowest risk businesses.
Apply now to avail these benefits
From 3.48% p.a.
Enjoy competitive interest rates (EIR from 6.33% p.a.)
Receive up to S$500
Cashback upon approval
Save S$18K
On interest charges/year
Features
Debt Consolidation Plan (DCP)
Do you have multiple personal loans and credits cards to manage? With DCP, consolidate all your outstanding balances from multiple banks into a single loan – and at a lower interest rate too.
Credit Card
Receive a Platinum Mastercard® Credit Card with a credit limit2 equivalent to your monthly salary for your daily use (Credit limit is shared across all existing credit card).
Manageable Debt Repayment
Stretch your monthly repayments with a consolidated loan tenures from 3 to 10 years.
Annual Fee Waiver
Annual Fee perpetually waived for your Platinum Mastercard® Credit Card.
| CURRENT MONTHLY PAYMENT (TO MULTIPLE BANKS) | NEW MONTHLY PAYMENT (WITH DCP) | |
|---|---|---|
| Monthly Payment | S$2,000 paid to multiple banks at prevailing interest rates | S$1,187.95 fixed instalment at a lower interest rate (based on 7-year loan) |
| Interest Charges | S$21,520/year* *Calculated based on EIR 26.9% p.a. | S$2,826.89/year# #Calculated based on 3.48% p.a. (EIR 6.50% p.a.) |
| Interest Savings (with DCP) | S$18,693/year | |
Salaried employee
- A copy of your NRIC/passport
- Latest original computerized payslip or Tax Notice of Assessment or last 12 months' CPF statements
Self-employed
- A copy of your NRIC/passport
- Last 2 years’ Income Tax Notice of Assessment
- Last 3 months’ bank statements
- A copy of your passport and work permit (with minimum 6 months validity)
- A copy of utility/telephone bill or bank statement with your name and address
- Income Tax Notice of Assessment and latest original computerized payslip
Terms and Conditions
•By responding to any advertisement relating to the Loan Application and providing your personal data, you consent to Smart Portal Bank contacting you in respect of the Loan Application including via the telephone.
•*Welcome offer eligible for new members only with S$800 qualifying spend in the first 2 months. Promotion valid till 31 Oct 2023. Click here to view the Loan 2% Cash Back Welcome Offer Terms & Conditions.
•^Spend refers to eligible retail purchases as defined in the Loan's Agreement.
•#Instant disbursement is available only for Smart Portal Bank Deposit Accounts displayed during the funds disbursement option.
•Click here to view the Member's Agreement.
•Click here to view the Information Sheet.
•Click here for the Frequently Asked Questions.
•^Click here for the list of merchants and/or Merchant Category Codes (“MCC”) which will not earn Cash Back.