DBS digibank India review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

DBS digibank India suits Indian salaried and self-employed borrowers who want a fixed-rate personal or debt consolidation loan funded the same day. The trade-off is price: interest runs 10.99% to 30%, well above 12% across the site, and free early repayment is not offered.

Key facts

Best for
Indian borrowers who want a fixed-rate loan credited the same day and hold a good credit record.
APR
10.99% to 30% (Source, checked September 26, 2026)
Loan amount
up to ₹1,500,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Arrangement fee
Up to 3.00% of the loan amount + GST (processing fee, non-refundable, deducted before disbursal) (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Same day as application, credited to the DBS Savings Account (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Indian citizen, age 21 to 60 years, salaried or self-employed, minimum monthly income INR 25,000 (Source, checked September 26, 2026)
Origination fee (%)
3% (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
DBS Bank India Limited (CIN: U65999DL2018FLC329236) (Source, checked September 26, 2026)
Headquarters
India (Source, checked September 26, 2026)
Founded
2016 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
dbs.com

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInX

Pros and cons

Pros

  • Fixed-rate lending, so the monthly repayment holds steady across 12 to 60.
  • Funding is Same day as application, credited to the DBS Savings Account, so the money moves quickly.
  • A direct lender, so terms come from the bank rather than a broker.
  • Loan sizes reach up to INR 1,500,000, and home improvement is a stated use for the money.

Cons

  • Free early repayment is not offered, so clearing the balance early is not a free exit.
  • The rate reaches 10.99% to 30%, well above 12% across the site.
  • The credit check is hard and the record needed is good, which narrows who gets through.
DBS digibank India

Ready to try DBS digibank India?

Scored 8.7 / 10 by BorrowCue.

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Who it suits

  • Indian citizens who are salaried or self-employed, meet a minimum monthly income and hold a good credit record.
  • Borrowers with a home improvement plan who need the cash the same day.
  • Anyone looking to consolidate several balances into a single fixed-rate repayment.

Who should look elsewhere

  • Monzo Flex suits borrowers who want to settle a loan early without a charge, since DBS digibank India has no free early repayment.
  • Readers after the lowest headline rate on the page should weigh Cashspace ES, listed at 0%.

How DBS digibank India compares

Where DBS digibank India is available

Available
India
Licence in India
SEBI (INM000012892 (merchant banker); Depository Participant IN-DP-457-2020), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does DBS digibank India charge on a personal loan?+

Interest is fixed and runs 10.99% to 30%, so the rate holds for the whole term rather than moving with the market. That range is wide, and its ceiling sits well above 12% across the site, so the price leans on a good credit record.

Are there other fees beyond the interest rate?+

Yes, an arrangement fee of 3% of the loan amount plus GST applies on the loan. The processing fee is non-refundable and is deducted before disbursal, so the amount credited to your DBS Savings Account is the agreed amount less the fee.

How much can I borrow, and over what term?+

Loans reach up to INR 1,500,000 and run 12 to 60. DBS digibank India offers personal and debt consolidation loans, and home improvement is the stated use for the money, so both a planned renovation and clearing several smaller balances fit the range.

How quickly is the money paid out?+

Funding is Same day as application, credited to the DBS Savings Account, and same-day funding is a listed feature of this loan. That pace suits anyone who needs the money for a home improvement project or an urgent bill.

Who is eligible to apply?+

Applicants must be Indian citizens of adult age, either salaried or self-employed, and meet a minimum monthly income. The credit check is hard, and a good credit record is needed, so an existing record of repaying on time matters as much as the figure on your payslip.

Can I repay the loan early without a penalty?+

Free early repayment is not offered, so clearing the balance before the term ends is not a free exit. Across the site, free early repayment appears in 81.2% of listings, which makes DBS digibank India an exception rather than the rule.

Is DBS digibank India regulated?+

The lender is DBS Bank India Limited, a direct lender based in India that has traded through digibank since 2016. It is registered with SEBI as a merchant banker and a depository participant, so the licence trail runs through the bank rather than a third party.

How do I get help with the loan?+

Support runs on phone and help centre, so questions are handled by phone or through the help centre. Callers who need the detail on a specific instalment or fee will do better on the phone, since live chat is not among the listed channels.

Sources

  • dbs.bank.in/digibank/in/about.page checked September 26, 2026

    Backs: Founded, Legal entity

    “In 2016, DBS launched India's first mobile-only bank, digibank”

  • dbs.bank.in/digibank/in/default.page checked September 26, 2026

    Backs: Support channels

    “Calling from India: 1860 210 3456 / 1860 267 4567; Help & Support”

  • dbs.bank.in/digibank/in/loans/personal/personal-loan checked September 26, 2026

    Backs: Loan amount, Credit check, Credit needed, Eligibility, Features, Lender type, Loan types, Term, Use cases

    “DBS Bank Personal Loan: Access up to INR 15 lakh”

  • dbs.bank.in/digibank/in/loans/personal/personal-loan-inte... checked September 26, 2026

    Backs: APR, Free early repayment, Funding time, Pricing model, Arrangement fee, Origination fee (%), Rate type

    “Personal Loan Interest Rates: Minimum Interest Rate 10.99%, Maximum Interest Rate 30%, Type of Interest Rate Fixed”

  • dbs.com/india/default.page checked September 26, 2026

    Backs: Headquarters, Licences

    “DBS Bank India Limited, First Floor, Express Towers, Nariman Point, Mumbai 400 021, India”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

DBS digibank India

DBS digibank India

Indian borrowers who want a fixed-rate loan credited the same day and hold a good credit record.

8.7/10See alternatives

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