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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

    Operating in Singapore since 1859, Standard Chartered Bank provides a range of financial products and services to both individual and corporate clients. The bank operates through its locally-registered arm Standard Chartered Bank (Singapore) Limited (SCBSL) – rated “A” by Standard & Poor’s, “A” by Fitch Ratings, and “Aa3” by Moody’s Investor Services.


    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 21 Jul 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

    Catering to the financing requirements of individual customers, the bank’s retail division offers different types of personal loans. Depending on your eligibility, these personal loans allow you to borrow up to four times your monthly income for a period of up to five years.

    Read on to find out everything you need to know about these loans – from features and benefits to interest rates and other charges applicable. There are some joining perks as well that you must consider before you apply for a personal loan.

    standard-chartered-personal-loan

    Types of Personal Loans

    Standard Chartered offers two types of personal loans: CashOne Personal Loan and Debt Consolidation Plan.

    Features and Benefits

    • Borrow up to 4x your monthly income: With CashOne Personal Loan, you can borrow up to four times your monthly income, if your annual income is S$30,000 or more. If your annual income is in the range of S$20,000 to S$29,999, you can borrow up to two times your monthly income.
    • Next day loan disbursal: When you apply for CashOne Personal Loan on any working day (Monday to Friday) before 2:00 p.m., with all the required documents, the funds will be deposited in your account by the next working day.
    • Debt consolidation: Consolidate all your unsecured credit facilities in Singapore into one account for better management of your finances.
    • Tenure flexibility: You get the flexibility to choose the tenure of your loan. While CashOne loans can be repaid over a period of 1 to 5 years, debt consolidation loans allow you to repay over 3 to 10 years.

    Interest Rates

    CashOne Personal Loan

    Tenure Annual income of S$30,000 and above Annual income between S$20,000 and S$29,999
      Loan amount of S$14,999 and below Loan amount of S$15,000 and above Loan amount below S$5,000
    1 year AIR: 8.58% p.a. EIR: 19.34% p.a. AIR: 7.80% p.a. EIR: 16.01% p.a. AIR: 9.80% p.a. EIR: 27.56% p.a.
    2 years AIR: 8.58% p.a. EIR: 17.76% p.a. AIR: 7.80% p.a. EIR: 15.35% p.a. AIR: 9.80% p.a. EIR: 23.14% p.a.
    3 years AIR: 8.38% p.a. EIR: 16.63% p.a. AIR: 7.50% p.a. EIR: 14.39% p.a. AIR: 10.80% p.a. EIR: 22.99% p.a.
    4 years AIR: 8.38% p.a. EIR: 16.08% p.a. AIR: 7.50% p.a. EIR: 14.06% p.a. AIR: 10.80% p.a. EIR: 21.80% p.a.
    5 years AIR: 8.08% p.a. EIR: 15.16% p.a. AIR: 6.88% p.a. EIR: 12.75% p.a. AIR: 10.80% p.a. EIR: 20.92% p.a.

    Debt Consolidation Plan

     

    Tenure AIR EIR
    3 years 4.98% p.a. 9.55% p.a.
    4 years 5.68% p.a. 10.64% p.a.
    5 years 5.68% p.a. 10.48% p.a.
    6 years 5.68% p.a. 10.34% p.a.
    7 years 5.68% p.a. 10.20% p.a.
    8 years 6.00% p.a. 10.57% p.a.
    9 years 6.88% p.a. 11.77% p.a.
    10 years 6.88% p.a. 11.61% p.a.

    Can Foreigners Take These Loans?

    Foreigners can only apply for CashOne Personal Loan.

    What are the Fees and Other Charges?

    Standard Chartered Personal Loan Fees and Charges
      CashOne Personal Loan Debt Consolidation Plan
    Late payment fee S$80
    Early termination fee 3% of the outstanding principal amount or S$250, whichever is higher
    Annual fee First year: S$199 Second year onwards: S$50 (can be waived, depending on your last 12 months’ payment behaviour) One time joining fee: S$199

    Are There Any Joining Perks Available?

    • 5-year annual fee waiver on Platinum Visa Credit Card: Apply for CashOne Personal Loan and, if your annual income is S$30,000 or more, you will get a Platinum Visa Credit Card with 5-year annual fee waiver.
    • S$50 cashback plus cash credit on online application: Apply for CashOne Personal Loan online and get S$50 cashback plus S$199 credit to offset the first year annual fee. This promotion is valid until 30 June 2018.

    Are You Eligible?

    Nationality Criterion:

    • CashOne Personal Loan: Singaporeans, Singaporean PRs, and foreigners with employment pass (P1, P2 or Q type) can apply.
    • Debt Consolidation Plan: Only Singaporeans and Singaporean PRs can apply.

    Age criteria:

    • Minimum age: 21 years
    • Maximum age: 65 years

    Income Criteria:

    • CashOne Personal Loan: The minimum annual income required is S$20,000 for Singaporeans and Singaporean PRs and S$60,000 for foreigners.
    • Debt Consolidation Plan: S$30,000 to < S$120,000

    Documents Required

    CashOne Personal Loan

    Salaried individuals:

    • Latest computerized payslips
    • A copy of NRIC (front and back)
    • Latest Income Tax Notice of Assessment

    Self-employed individuals:

    • Last three months’ bank statement
    • A copy of NRIC (front and back)
    • Latest Income Tax Notice of Assessment
    • Last six months’ CPF contribution history

    Commission earning individuals:

    • A copy of NRIC (front and back)
    • Latest Income Tax Notice of Assessment
    • Last three months’ bank statement

    Foreigners:

    • Copy of passport
    • Employment letter
    • Valid work permit
    • Latest computerised payslips
    • Valid employment pass

    Debt Consolidation Plan

    • A copy of NRIC (front and back)
    • Latest credit bureau report copy
    • Latest credit cards/other unsecured credit facilities’ statements
    • Latest income documents

    How to Apply for Standard Chartered Personal Loan?

    You can apply through BankBazaar.sg with a few quick and easy steps.

    FAQs

    Q. I have got a Platinum Visa Credit Card with CashOne loan. Can I use it for retail transactions?

    A. The credit limit on the card issued with CashOne is treated as a loan. You will be able to use this limit as and when you repay your CashOne loan.

    Q. How do I know my monthly repayment amount and the payment due date?

    A. You can find out the monthly repayment amount and the payment due date from your monthly statement.

    Q. What if I miss my CashOne instalment payment?

    A. In case you miss two instalments within a period of six months, an extra 4% p.a. will be added to your EIR on the entire loan outstanding balance.

    Q. Is there any minimum unsecured outstanding debt requirement to apply for the Debt Consolidation Plan?

    A. Yes. Your outstanding unsecured balances must be more than 12 times your monthly income.

    Q. Can I apply for Debt Consolidation Plan to consolidate a part of my balances?

    A. No. You must apply for this loan for full consolidation of your outstanding unsecured facilities.

    News About Standard Chartered Bank Personal Loan

    • Standard Chartered Splits its Operation Between Singapore and Hong Kong

      Standard Chartered Plc creates two new hubs for its Asian operations in Hong Kong and Singapore. This initiative will simplify the extensive network of the bank and also reduce costs. The bank is planning to combine 10 South Asian and Southeast countries, which includes India and Indonesia, into one Singapore subsidiary. This will allow Standard Chartered to handle its capital and assets efficiently and decrease the size of the emergency buffers. The bank is also combining its North Asian countries like South Korea into a Hong Kong subsidiary. Currently, the bank is suffering from high management and compliance costs as it operates in around 60 markets. Bill Winters, the Chief Executive Officer of the bank, said that the restructure could lead to partial listing or sale of the new units in the future. The bank will also be able to merge its capital and liquidity by uniting several countries.

      8th June 2018

    • Standard Chartered’s Digital Platform Shows Growth in Customer Base

      Standard Chartered’s wealth management business has been growing at a steady pace, and the bank’s recent move to offer a digital platform to their customers has created a significant growth in their customer base. More and more customers seem to prefer transacting online. The bank says that this ties in with the customers’ need to protect and invest their increasing wealth. In South Asia and ASEAN, Standard Chartered’s retail asset management sector grew by 41% in 2017 when compared to the previous year. Asset management under private banking for the same year showed a growth of 25%. Given that Singapore is an important hub for wealth management, it is natural that it contributes one-third of the bank’s income from retail banking in the country.

      Last October, Standard Chartered launched its new platform, Personalised Investment Ideas (PII), in Singapore. It is a smart investment tool on a digital platform that gives priority clients practical investment ideas in a matter of minutes. In order to use this facility, priority clients have to invest at least S$200,000 with the bank. Sumeet Bhambri, Regional Head of Standard Chartered Wealth Management, ASEAN and South Asia, said the PII tool enables relationship managers to assess clients’ risk appetites and suggest suitable hold, sell, and buy investment ideas. He added that the tool helps build customers’ confidence in the investment advice given to them, proven by the fact that more than 8,000 customers have used the new platform since October 2017.

      The bank does not mandate a minimum amount for online trading nor does it charge custody fees. While the old version of the platform was available only on computers, the newly revamped platform can also be accessed on tablets and mobiles.

      30th May 2018

    • 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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