Debt Consolidation Plan (DCP) in Singapore: eligibility self-check & what changes after (2026)

What is a DCP?

A DCP consolidates multiple interest-bearing unsecured balances into one structured repayment plan with fixed monthly repayments.

Eligibility self-check

12× threshold = monthly income × 12

Example: $4,000 monthly income → 12× threshold = $48,000

If your total interest-bearing unsecured balances exceed the threshold, you may meet a key benchmark (subject to other criteria). This is a benchmark, not an approval result. A participating bank or financial institution may still assess income, credit profile, documents, and overall repayment capacity before making an offer.

What you should compare

• EIR/APR (true yearly cost where available)

• Total payable amount

• Fees (processing/admin, early repayment charges if any)

• Repayment period and monthly repayment sustainability

What changes after you start (what people underestimate)

You’re moving from “multiple moving parts” to “one structured plan”. That improves control – but it only works if spending behaviour also changes.

Next step

• Passed the common benchmark and want to compare options? Start here to compare DCP options.

• Not sure DCP is the right fit for your situation? Read credit counselling vs. debt consolidation.

• Already looking at a more serious debt-resolution route? Read the DRS guide.

• Want to estimate repayments across different tenures first? Use the debt consolidation calculator.

Sources

MoneySense: DCP benchmark and debt-help overview – https://www.moneysense.gov.sg/managing-debt-what-can-you-do/

DBS debt consolidation plan page: example of institution-level criteria and process – https://www.dbs.com.sg/personal/loans/personal-loans/dbs-debt-consolidation-plan

HSBC debt consolidation plan FAQ: application mechanics and post-approval restrictions – https://www.hsbc.com.sg/loans/products/debt-consolidation/faq/