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This document outlines the terms and conditions for the DBS Cashline Balance Transfer application, including rules regarding transfer amounts, payments, approval conditions, and promotional interest
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How to fill out dbs cashline balance transfer

How to fill out DBS Cashline Balance Transfer Terms and Conditions
01
Begin by reading the introductory section to understand the purpose of the document.
02
Fill in your personal information such as name, address, and contact details.
03
Provide your DBS account number for identification.
04
Review the eligibility criteria mentioned in the terms.
05
Agree to the terms by initialing or signing where indicated.
06
Note the interest rates and any fees associated with the balance transfer.
07
Submit the completed form as instructed, either online or by mail.
Who needs DBS Cashline Balance Transfer Terms and Conditions?
01
Customers looking to transfer balances from other credit cards to DBS Cashline.
02
Individuals interested in consolidating debt to manage their finances more efficiently.
03
People who want to take advantage of promotional interest rates offered by DBS.
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People Also Ask about
Can I cancel DBS cashline?
Cancel Cashline Account You may cancel your Cashline easily through our new digital banking service.
What is the minimum balance requirement for DBS?
Key Takeaways Balance transfers won't hurt or help your credit alone; you should still commit to best practices when paying off credit card debt. Balance transfers require an approval process, which means your balance transfer request can be denied if you have a high credit utilization.
How does Balance Transfer work in Singapore?
In Singapore, banks offer balance transfer programmes with attractive introductory rates. You apply for a balance transfer, and if approved, the new bank pays off your existing credit card debts. You then repay this amount to the new bank, usually at a much lower balance transfer interest rate for a set period. 0% p.a.
What are the requirements for DBS Balance Transfer?
Your Credit Card or Cashline account must not have a credit balance (excess credit) or a GIRO arrangement in place for Balance transfer application. The minimum loan amount is S$500 and the maximum loan amount up to 93% of your available aggregated credit limit on your DBS/POSB credit card and/or Cashline account.
What are the charges for DBS cashline finance?
Interest is accrued daily at 22.9% p.a. (or 0.07% per day) with no processing fee. Fixed interest is charged upfront over your loan tenure. From 3.88% p.a. + 1% processing fee (E.I.R 7.56% p.a.)
How do you qualify for a balance transfer?
DBS Account Account TypeMinimum Average Daily Balance (MADB)Service Charge DBS Multiplier Account* S$3,000 S$5.00 per month DBS eMulti-Currency Autosave Account* DBS Multi-Currency/eMulti-Currency Autosave Plus Account* DBS eAutosave Account DBS eAutosave Plus Account DBS Current Account S$3,000 S$7.50 per month4 more rows
Do balance transfers always get approved?
To apply, you'll need to be at least 21 years old. You will need to earn a minimum annual income of: S$30,000 for Singaporeans/ Permanent Residents. S$45,000 for Foreigners.
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What is DBS Cashline Balance Transfer Terms and Conditions?
DBS Cashline Balance Transfer Terms and Conditions outline the rules and policies governing the transfer of outstanding balances from other credit cards or loans to a DBS Cashline account, including interest rates, fees, eligibility criteria, and repayment terms.
Who is required to file DBS Cashline Balance Transfer Terms and Conditions?
Customers applying for the DBS Cashline Balance Transfer offer are required to acknowledge and comply with these Terms and Conditions as part of their application process.
How to fill out DBS Cashline Balance Transfer Terms and Conditions?
To fill out the DBS Cashline Balance Transfer Terms and Conditions, applicants should carefully read through the document, provide any required personal and financial information, and sign to acknowledge their acceptance of the terms.
What is the purpose of DBS Cashline Balance Transfer Terms and Conditions?
The purpose of the DBS Cashline Balance Transfer Terms and Conditions is to inform applicants about the terms governing the balance transfer process, including costs, responsibilities, and rights associated with the transfer.
What information must be reported on DBS Cashline Balance Transfer Terms and Conditions?
The information that must be reported includes the applicant's personal details, details of the existing debts being transferred, the amount to be transferred, and the applicant's acceptance of the relevant terms and fees.
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