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    We found 1 Standard Chartered Personal Loan Singapore
    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 6.88% p.a. EIR from 12.75%p.a.
    1-5 Years
    What you'll love
    What you need
    What you need to consider
    What it costs
    Personal Loan BYTES FROM OUR KITCHEN

    Standard Chartered Personal Loan Singapore

    Meet your financial requirements with personal loans from Standard Chartered Bank in Singapore. You can get a loan amount of up to 98% of the credit limit on your SCB Platinum MasterCard credit card. Under SCB CashOne Personal Loan, You can borrow a loan amount of up to 4 times your monthly income for a repayment tenure of 5 years. Consolidate all your unsecured outstanding loan repayments into one single account with SCB Debt Consolidation Plan.


    You’re probably eligible for a Standard Chartered Bank Personal Loan if you are

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    Standard Chartered Bank Personal Loan Minimum Age

    Atleast 21 years

    Standard Chartered Bank Personal LoanMaximum Age

    Less than 65 Years

     Standard Chartered Bank Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

     Standard Chartered Bank Personal Loan Minimum Income

    Earn more than the minimum income required


    Your Standard Chartered Bank Personal Loan amount eligibility is based on these factors

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     Standard Chartered Bank Personal Loan Minimum Salary

    Minimum income required
    annual income is S$20,000

    Standard Chartered Bank Personal Loan Maximum Loan Funded

    Maximum Loan Amount - up to 4 times your monthly income

     Standard Chartered Bank Personal Loan EMI

    EMIs of other loans lower your eligibility


    Increase your eligible Standard Chartered Bank Personal Loan amount by these steps

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     Standard Chartered Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    Standard Chartered Bank Personal Loan Tenure

    Choose longer tenure loan up to 5 Years


    Documentation needed to apply for an Standard Chartered Bank Personal Loan

    • 1.Photocopy of NRIC
    • 2. Salaried Employee
      • Latest Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 3. Variable Income/Commission Based Earner
      • Latest 6 months Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 4. Self-Employed
      • Income Tax Notices of Assessment (NOA) for past 2 years
    • 5.Any other documents as may be requested by the Bank at its sole discretion

    Standard Chartered Bank Personal Loan DetailsUpdated on 18 Jan 2018

    Standard Chartered Bank Personal Loan Details
    Interest Rate 6.88% p.a
    Minimum Income $20,000
    Loan Tenure 5 Years
    EIR 12.75% p.a
    Annual Fee $199 (First Year)
    Guarantor Requirement No Guarantee Required

    Standard Chartered is a popular Singaporean bank offering personal loans and a spate of banking and financial products ranging from credit cards and home loans to insurance and investment products. The bank offers a product that works both as a personal line of credit as well as a personal loan. Called CashOne, it allows you to borrow up to 4 times your monthly income and choose a tenure that works the best for you.

    standard-chartered-personal-loan

    Types of Personal Loans offered by Standard Chartered

    Standard Chartered CashOne

    CashOne behaves both as a personal line of credit and a personal loan. You can make repayments on a monthly basis. While the personal line of credit may have an annual fee attached to it, the personal loan will have a processing fee. You can get immediate approval on your loan application when you apply for CashOne. This feature is mostly dependent on your credit score.

    Standard Chartered Debt Consolidation Plan

    The Debt Consolidation Plan offered by Standard Chartered allows you to get rid of multiple debt sources and transfer the debt to a single source, enabling you to have only a single source of debt. The EIR ranges from 9.55% p.a. to 10.61% p.a. over repayment periods stretching from 1 year to 10 years. In order to be eligible for the debt consolidation plan from Standard Chartered, your annual income should be over S$30,000 and below S$120,000. The plan is only available to Singaporean citizens and Permanent Residents.

    Features and Benefits of the Standard Chartered Personal Loan

    • CashOne lets you borrow an amount equivalent to 4 times your monthly income.
    • Interest rates are low and competitive, starting at 6.88%. You can choose a repayment period from 1 year to 5 years. Tenure can be chosen based on your approved loan amount and your repayment convenience.
    • Another interesting feature about the Standard Chartered CashOne is that you will receive a credit card with a 5-year annual fee waiver. This is applicable if your annual income is in excess of S$30,000. All other credit card charges applicable will be levied on the Standard Chartered Platinum Visa Card that is offered along with CashOne.
    • You can receive cash the very next day after your loan approval.

    Standard Chartered Bank Personal Loan Interest Rates

    The interest rates of SC personal loan are as follows:

    Loan tenure Loan amount of S$14,999 and below (Annual income of S$30,000 and above) Loan amount of S$15,000 and above (Annual income of S$30,000 and above) Loan amount below S$5,000 (Annual income between S$20,000 to S$29,999)
    1st year

    AIR: 7.80% p.a.

    EIR: 16.01% p.a.

    AIR: 8.58% p.a.

    EIR: 19.34% p.a.

    AIR: 9.80% p.a.

    EIR: 27.56% p.a.

    2nd year

    AIR: 7.80% p.a.

    EIR: 15.35% p.a.

    AIR: 8.58% p.a.

    EIR: 17.76% p.a.

    AIR: 9.80% p.a.

    EIR: 23.14% p.a.

    3rd year

    AIR: 7.50% p.a.

    EIR: 14.39% p.a.

    AIR: 8.38% p.a.

    EIR: 16.63% p.a.

    AIR: 10.80% p.a.

    EIR: 22.99% p.a.

    4th year

    AIR: 7.50% p.a.

    EIR: 14.06% p.a.

    AIR: 8.38% p.a.

    EIR: 16.08% p.a.

    AIR: 10.80% p.a.

    EIR: 21.80% p.a.

    5th year

    AIR: 6.88% p.a.

    EIR: 12.75% p.a.

    AIR: 8.08% p.a.

    EIR: 15.16% p.a.

    AIR: 10.80% p.a.

    EIR: 20.92% p.a.

    Standard Chartered Bank Personal Loan Fees and Charges

    The fees, and charges of Standard Chartered Bank personal loan are as follows:

    Interest rate 4% p.a. plus the original EIR on the outstanding balance on your credit card
    Early settlement fee 3% of the outstanding balance or S$250, whichever is higher
    Annual fee S$199 for the first year and S$50 from second year onwards until the end of loan tenure
    Conversion fee S$50
    Late payment fee S$80

    Standard Chartered Personal Loan Promotions

    Following are some exciting promotional offers offered by Standard Chartered Bank

    • You will receive a cashback when you apply for the personal loan from Standard Chartered. If your loan amount is less than S$50,000, you’ll receive a 1% cashback. If your approved amount is greater than S$50,000, you can earn a cashback of 1.5% of the loan amount.
    • Applying online for the loan will give you an additional cashback of S$50. Altogether you can earn up to S$1,088 as cashback.

    Eligibility Criteria

    The following eligibility parameters need to be satisfied In order to apply for the standard chartered personal loan :

    • The applicant has to be 21 years of age.
    • The applicant can be a citizen, Permanent Resident or a Foreigner.
    • The minimum income is S$20,000 for citizens and PRs, and S$60,000 for foreigners.
    • Foreigners must possess an employment pass with a minimum validity of 1 year.

    Documents Required

    • Salaried individuals:
      • Latest computerized payslips, front and back copy of NRIC, Income Tax Notice of Assessment.
    • Self-employed individuals:
      • Bank statements for the last 3 months, front and back copy of NRIC , Notice of Income Tax Assessment, CPF Contribution history for the last 6 months
    • Individuals with varied income:
      • Front and back copy of NRIC, latest Income Tax Notice of Assessment, Bank statements for the last 3 months.
      Foreigners:
      • Copy of Passport, Employment Letter, valid work permit, latest computerized payslips, a valid employment pass.

    Standard Chartered Personal Loan for Foreigners

    Standard Chartered CashOne is available to foreigners. However, only foreigners with a minimum income of S$60,000 can apply for the loan. They also need to have a valid work permit and an employment pass, and proof of income and identity documents need to be submitted. Also note that foreigners must have P1, P2 or Q-type employment passes in order to apply for the loan.

    How to Apply for the Standard Chartered Personal Loan

    If you want to apply for CashOne, you can visit the official Standard Chartered Singapore website and fill out the form available on the CashOne page. Just navigate to the page and click on the Apply Now button. You will also need to submit your income documents, documents evincing proof of address, identity, etc. Once you’ve submitted your documents, an official from Standard Chartered will get in touch with you and help you complete the remainder of your application. Your loan application will then be processed and reviewed by Standard Chartered.

    You can also visit your closest Standard Chartered branch in Singapore and physically fill out the loan form and submit your documents. For any further queries regarding this personal loan or application process, you can contact standard chartered hotline number.

    FAQs

    Q. What is the maximum amount that I can borrow? Can I borrow more than 4 times my monthly income?

    A. In case your income is on the higher side (over S$100,000), the bank may allow you to borrow more than 4 times your income. You will need to check with the bank for details on this.

    Q. Can I pre-close my loan application with Standard Chartered?

    A. Standard Chartered lets you pre-close your loan application. Pre-closure charges as specified by the bank will hold applicable. An Early Redemption Fee of 3% of the outstanding loan amount, or S$250, whichever is higher, will hold applicable.

    Q. How soon can I expect the cash in my account?

    A. You can expect to receive the cash within the span of 1-2 working days after your loan has been approved.

    Q. How do I get the Platinum Visa Card along with CashOne? What is the annual fee?

    A. You will need to apply separately for the Platinum Visa Card. The annual fee for the card is S$192.60 but it is waived for the first five years.

    Q. What is the default rate of interest?

    A. If the minimum payment isn’t received for two consecutive months within a 6 month period, a default interest rate of 4% will be levied in addition to the Effective Interest Rate on the outstanding loan balance.

    News About Standard Chartered Bank Personal Loan

    • Standard Chartered Bank all set to launch biometric technology in Asia, Africa and Middle East!

      Standard Chartered Bank customers in Asia, Africa and Middle East have a reason to rejoice as they can now access their mobile banking services without the need of any password. The bank is all set to roll out a new feature known as the “touch login” feature to its mobile service banking with just a touch through the fingerprint recognition technology that is imbedded in the device. The feature is available on both iOS and Android platforms.The feature is live in Singapore, India and United Arab Emirates (UAE). The bank will also launch a voice biometric technology for its mobile banking service in UAE and India by the end of this year.

      07th September 2016

    • Standard Chartered Cashback Promotion

      Particulars: Get up to SGD 1,088 as cashback when you apply for a personal loan from Standard Chartered Bank Singapore. You will also enjoy approval-in-principle in 60 seconds. Apart from that you will also receive an additional cashback of SGD 50 if you apply online and the annual fee of SGD 199 charged for the loan will be waived for the first year. If the loan amount is less than SGD 50,000, you will get 1.2% of the amount as cashback and if the amount is SGD 50,000 or more you will get 1.5% of the amount as cashback.

      Terms and conditions

      You will be eligible for this promotion only if your loan application is approved by the bank. The maximum amount that you can get as cashback is SGD 1,088. Others terms and conditions may apply.

    • Standard Chartered Personal Loan Promotion

      Enjoy cashback of up to SGD 888 or 1.2 percent when you apply for a CashOne personal loan from Standard Chartered Bank in Singapore. Apart from that, you will get cash back of SGD 199, the annual fee charged for the loan for the first year. You will also enjoy approval-in-principle in a minute (60 seconds).

      Please contact the bank to know about the applicable terms and conditions.

    • Standard Chartered bank’s mobile banking app, Dash, is now available on Lazada

      Dash, the mobile banking app from Standard Chartered Bank, now available on Lazada. This mobile banking app was launched by the bank in the Lion City in collaboration with Singtel. This app can now be used when shopping with the online retailer Lazada, who is the first e-commerce partner of this app. This collaboration between Standard Chartered Bank and the retailer Lazada has been facilitated by helloPay, which is a fin-tech platform powered by the Lazada group. Lazada is one of the most popular online shopping website in Singapore and it offers a wide range of products to the customers.

      At present, customers can enjoy cash back of 5 percent on all the purchases made on Lazada with the help of the Dash app. This is an introductory offer that will be available till the end of the year i.e. 31 Dec, 2015. In order to avail this facility and to make payments with the Dash app on Lazada, customers need to select the helloPay option at first when they checkout, then choose Dash as the payment portal and then log in to the portal with their PIN and mobile number for making the payment. Standard Chartered bank and Lazada have now launched a promotional campaign to make this collaboration popular with the consumers.

      05th October 2015

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