Why do I need to update my income?

Updating your income ensures your total unsecured credit exposure remains within regulatory limits.

How is my income determined?

We will utilise your latest income records where available, to compute your monthly income using our internal computation methods. Hence, you are strongly advised to update your income records with us, to avoid unnecessary disruption to the use of your credit facilities.

What happens if I don’t update my income?

Your credit cards and unsecured loans may be suspended if your balance to income exceed 12x for 3 consecutive months.

How long does the income update review take?

Instantly if you use salary crediting option as income proof. Otherwise, it takes 5 business days.

Where can I upload my income documents?

You can upload them via digibank.

Income Update Credit Card & Unsecured Loans

Income Update for Credit Cards and Unsecured Loans

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Overview

Update income

Required Documents

FAQ

Update your income for uninterrupted card usage

Keeping your income current helps ensure uninterrupted use of your credit cards and unsecured loans

Avoid account suspension

Updating your income helps keep your total unsecured credit exposure within allowed limits. If your account is already suspended, you will need to reinstate your account.

Learn more

Update online, anytime

Upload your income documents online anytime through digibank.

Learn more

Hassle-free submission

Apply online via digibank.

How It Works

Check if income update is requiredIf there are changes in your income since your last income declaration. If your total interest-bearing unsecured balances¹ exceed the industry borrowing limit², income update may be required.

Submit your income documentsLog in to digibank mobile or online and upload your latest income documents.

Income reviewOnce verified, your income records are updated

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¹ These include amounts rolled over on credit cards and balances outstanding on unsecured loans that accrue interest. Such balances do not include amounts charged to credit cards that are fully repaid by their due dates, and amounts outstanding on interest-free instalment payment plans. If, however, interest is imposed on a particular instalment due to late payment, the instalment amount will be included.
² The borrowing limit is 12 times of your monthly income.

Who should update their income?

Your income has changed

If your salary has changed since your last update.

You want to avoid suspension

If you wish to continue using your credit cards and unsecured loans without interruption

SINGAPORE CITIZENS & PRs

Required documents for Salaried Employees

Provide either Option A or Option B below.

Option A	Salary Crediting into DBS/POSB Account^1,2
Option B	Latest Computerised Payslip¹ Latest Income Tax Notice of Assessment
Note:	¹Income record / documents must not be dated more than 3 months prior to date of application. ²Your salary must be credited via GIRO, to your own DBS/POSB Account for the last 3 consecutive months and your current annual income meets our minimum income criteria. Salary credited into joint account will not be considered.

SINGAPORE CITIZENS & PRs

Required documents for Variable Commission-based Employees/ Self-Employed

Latest Income Tax Notice of Assessment

2 years

Singapore Citizens & PRs

Optional income documents (Age 56 and above)

CPF Monthly payouts history statement or Personal bank statement in SGD showing CPF Life payout	1 month
Annual personal bank statement in SGD showing dividend or interest income	1 year
Personal Bank statement in SGD showing pension payout	3 months
CPF Transaction History showing Retirement Sum Scheme (RSS) payout and RSS Balance	1 year

Foreigners

Required documents for Salaried Employees

Employment Pass	Minimum 6 months validity remaining.
Company letter certifying Employment & Salary (in Singapore dollar currency)	Issued within 3 months of the application date.
Computerised Payslip¹	Latest computerised payslip.
Income Tax Notice of Assessment	Latest Income Tax Notice of Assessment.
Note:	¹Income documents must not be dated more than 3 months prior to the application date.

Foreigners

Required documents for Variable Commission-based Employees/ Self-Employed

Employment Pass	Minimum 6 months validity remaining.
Company letter certifying Employment & Salary (in Singapore dollar currency)	Issued within 3 months from the application date.
Income Tax Notice of Assessment	Latest 2 years’ Income Tax Notice of Assessment.

Income Update for Credit Cards and Unsecured Loans

Update your income for uninterrupted card usage

Avoid account suspension

Update online, anytime

Hassle-free submission

How It Works

Who should update their income?

Required documents for Salaried Employees

Option A

Option B

Note:

Required documents for Variable Commission-based Employees/ Self-Employed

Latest Income Tax Notice of Assessment

Optional income documents (Age 56 and above)

CPF Monthly payouts history statement or Personal bank statement in SGD showing CPF Life payout

Annual personal bank statement in SGD showing dividend or interest income

Personal Bank statement in SGD showing pension payout

CPF Transaction History showing Retirement Sum Scheme (RSS) payout and RSS Balance

Required documents for Salaried Employees

Employment Pass

Company letter certifying Employment & Salary (in Singapore dollar currency)

Computerised Payslip1

Income Tax Notice of Assessment

Note:

Required documents for Variable Commission-based Employees/ Self-Employed

Employment Pass

Company letter certifying Employment & Salary (in Singapore dollar currency)

Income Tax Notice of Assessment

Frequently Asked Questions

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Computerised Payslip¹