DBS Quick Finance, designed for SMEs, provides instant loans up to S$50,000 for newcomers and up to S$300,000 for existing DBS SME customers. The highlight is its zero-document submission for new clients, making the process especially swift. While exact interest rates aren’t published openly, the advantage comes with a 50% discount on processing fees, which adds up to essential savings for small businesses. Loans are typically offered for short to medium terms suitable for working capital needs.

How to Apply – Step by Step

1. Check if you are a new or existing DBS SME customer.
2. New customers can directly apply for up to S$50,000 online without document uploads.
3. Existing customers (by invitation) may apply for up to S$300,000 by submitting an interest form.
4. Wait for DBS to contact you with eligibility confirmation and next steps.
5. On approval, complete the online acceptance and disbursement process.

Pros of DBS Quick Finance

• Truly instant for new clients – submit your application in minutes without worrying about paperwork.
• Attractive for urgent funding needs, giving quick access to working capital.
• Established DBS service quality ensures reliability.
• Substantial amounts available for existing SME customers – up to S$300,000.
• 50% off processing fees makes borrowing more affordable.

Cons of DBS Quick Finance

• Maximum of S$50,000 for new customers may be restrictive for larger businesses.
• Invitation-only access for S$300,000 amount places extra limits.
• Transparent interest rates are not listed; more details provided only upon application.

Final Verdict

DBS Quick Finance stands out for ultra-fast applications and no-document convenience, particularly suitable for SMEs seeking quick, short-term capital. While larger amounts and clearer fees are reserved for existing clients, the 50% processing fee reduction is an appealing bonus for all. It’s a strong option if you value speed, brand trust, and a streamlined process.