- Interest Rate (p.a.)
6.88% - 10.80%
- Loan Tenure
1 - 5 years
- Approval Duration
Up to 7 business days
- Min. monthly income
What's so great about Standard Chartered CashOne?
- Approved loan amount of up to 4x of your monthly income or S$200,000
- Receive a Platinum Credit Card for those with annual income of S$30,000 and above
- Low interest rates from 6.88% p.a.
- Up to 1.5% CashBack (or up to S$1,088) on your approved loan amount and extra S$50 CashBack plus S$199 credit (annual fee waiver)!
|Min. financing amount||S$1,000|
|Max.financing amount|| Up to 4x fixed monthly salary or up to S$200,000|
|Min. loan tenure||1 year|
|Max. loan tenure||5 years|
|Interest rate||Applied rate of 6.88% – 10.80% per annum|
|Approval duration||Up to 7 business days|
Fees & Charges
|One time set up|
|Annual fee||$199 for first year (deducted from approved loan amount)|
|Early settlement||The higher of S$250 or 3% of the outstanding principal|
|Late payment charges||S$80|
|Other penalties||Charges of S$50 per change of tenure|
|Age requirement||Age 21 - 65|
|Employment eligibility||Singaporean citizens, permanent residents or foreigners with employment pass|
|Min. salary requirement||S$1,667 gross per month|
|Guarantor / Collateral requirement||N/A|
|Need to open linked banked account?||No|
Product Review by
Standard Chartered CashOne - Limited time offers
- 1.5% CashBack (or up to S$1,088) on your approved loan amount
- Additional S$50 CashBack for online applicants
- Plus additional S$199 credit (waiver of annual fee)!
What is the maximum amount you can borrow?
You can borrow up to the higher of four times of your fixed monthly gross salary or S$ 200,000
Applicant must be between the age of 21 to 65 to qualify
Applicant must be a Singaporean citizen, permanent resident with a minimum gross salary of S$1,667 per month or foreigners with Employment Pass earning a minimum gross salary of S$5,000 per month
What will it cost you and how will you be charged?Annual fee: : S$199 for the first year, and S$50 thereafter if any payment is received after due date Flexible term loan : : You can choose to repay your loan in 12, 24, 36, 48 or 60 months Default interest rate : : Additional 4% p.a. will be added to the original effective interest rate Late payment : : S$80 Early redemption fee : : The higher of S$250 or 3% of the outstanding principal
What are the required documents?
You are required to furnish the following documents for your loan application:Employed applicants: : Photocopy of NRIC (both sides) : Photocopy of income proof: • Salaried: 1. Latest 1-month computerised payslip OR; 2. Latest 6 months' CPF statement OR; 3. Latest Income Tax Notice of Assessment (NOA) • Commission based: 1. Latest 6-months' computerised payslip OR; 2. Latest 6-months' CPF statement OR; 3. Latest Income Tax Notice of Assessment (NOA) Self-employed applicants: : Photocopy of NRIC (both sides) : Photocopy of income proof: 1. Latest Income Tax Notice of Assessment* * Must be a running-business for at least 2 years • Any other documents as may be requested by the Bank at its sole discretion Additional documents required for foreigners: : Copy of passport with valid Employment Pass (Type P1, P2 or Q Type*) * Q Pass holder must possess a minimum 1-year validity
Can you apply if you have a bad credit score in CBS/FICO/DP credit bureau?
Your personal loan application is likely to get rejected if you have a bad credit score. Late payments or missed payments are some of the major are some of the major contributors to a bad credit score. If you currently have an unsatisfactory credit score, take steps to rebuild it by clearing overdue payments. Make full and timely payments on your debts for 6 months before reapplying.
If you are looking for personal loans offered by other banks in the Singapore, you may also consider:Citibank Ready Credit PayLite Loan
DBS Cashline Instalment Loan
Looking for more choices? You can also take a look at the full line-up of Personal Loans listed on our website and choose which is the right one for you.