Lower interest from
(EIR from 5.43% p.a.) 1
Approve & disburse
Cash to any bank account of choice
SC exclusive
Enjoy the flexibility to repay as low as S$50 monthly without late charges3.
Build your ideal life with CashOne Personal Loan, designed to help you achieve your life goals. Whether you’re planning a home improvement, preparing for parenthood, dreaming of a ‘much needed’ vacation out of Singapore, organising a wedding or managing your personal finances.
Use a personal loan to upgrade and enhance your living space to create the home you’ve always wanted.
Prepare for the joys and responsibilities of parenthood with a cash buffer.
Take that well-deserved holiday and turn your dream vacation into reality with extra cash.
Be financially empowered in managing your personal finances or any cash needs.
Make your special day unforgettable as you cover your wedding cost at the venue of your choice in Singapore with extra funds.
No documents are required.
However, if there has been a recent change in your income, please submit your updated documents for review during the application process.
No documents are required
To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.
No documents are required.
However, if there has been a recent change in your income, please submit your updated documents for review during the application process.
No documents are required
To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.
$199 is deducted from the approved loan amount. See T&Cs for more information.
until the expiry of the instalment tenure, S$50 will be charged annually if any minimum payment due amounts are not paid on or before the due dates for the preceding 12 consecutive calendar months
or 3% of the outstanding principal (whichever is higher)
per change, subject to the Bank’s approval
additional interest will be calculated on a daily basis at the EIR of 29.9% p.a. (0.082% per day)
if payment for 2 minimum payment due amounts are late within 6 consecutive months, then default interest will apply (see FAQ 13)
Yes, Standard Chartered offers personal loan for foreigners through CashOne Personal Loan. Eligibility criteria for foreigners are listed below:
No documents required if you are either of the following:
If you fall in either of below categories, please refer to ‘Eligiblity & Documents’ section for documents required
Yes. If you are an existing principal Standard Chartered Credit Cardholder, by submitting an application for a CashOne Personal Loan, you will actually be applying for a Credit Card Instalment Loan, which will draw down from your existing credit card limit. Your available credit limit on your credit card which can be used for retail transactions will increase as and when you make repayments on the Credit Card Instalment Loan.
For example
You have an existing credit card limit of S$20,000 and have recently spent S$5,000 on it, leaving you with a balance of S$15,000 on your credit card limit. At the same time, you decide you need to take a Credit Card Instalment Loan of S$10,000. This loan amount will be deducted from the remaining S$15,000, giving you a balance of S$5,000 to spend with your credit card.
If you then make a monthly repayment of S$500 on your Credit Card Instalment Loan, you will now have S$5,500 available to spend on retail transactions using your credit card.
If you hold any of our Credit Cards with a credit limit of S$500 and your annual income ranges from S$20,000 to S$29,999, your credit card account will be closed upon approval of the Credit Card Instalment Loan.
Yes, taking a personal loan can affect your credit score. If you make timely payments, it can improve your score, but missed payments or a high debt load could negatively impact it.
Apply with Myinfo and you could enjoy instant approval, subject to no documentation review or further document requirements. Refer to the Eligibility & Documents section for more information. If the Bank requires more information from you, your application may take up to one working day from submission to be assessed.
Receive your funds instantly* upon loan approval if you choose to disburse your approved loan amount to an existing Standard Chartered Current/Cheque & Save Account. This applies to all approved loan amounts.
[*Application for CashOne quick loan has to be done via sc.com/sg/cashoneonline and the CashOne Disbursement Terms and Conditions apply]
Receive your funds in 15 minutes^ upon loan approval if you choose to disburse your approved loan amount to a non-Standard Chartered Current or Savings Account. Do note that if your approved loan amount is more than $200,000 and approved before 2pm, you will receive your funds on the next working day upon approval of your loan. If approved after 2pm, you will receive your funds 2 working days after day of approval.
[^CashOne Disbursement Terms and Conditions apply.
If the Bank needs to contact you for additional information/confirmation to complete the application and/or your non-Standard Chartered account of choice is a non-FAST participating bank, cash will be disbursed the next working day instead and will be subject to the Next Day Cash Terms & Conditions.]
For other scenarios, please refer to the CashOne Personal Loan / Credit Card Instalment Loan Disbursement Terms and Conditions,
To be eligible for the CashOne Personal Loan Cashback promotion, you will have to meet the following requirements:
The approved loan amount is subjected to the Bank’s review and may vary from your requested loan amount. If you are an existing Standard Chartered Credit Cardholder, the approved amount is subjected to a maximum of 98% of your available Standard Chartered Credit Card(s) limit. If you are not an existing Standard Chartered Credit Cardholder, a Platinum Visa Credit Card will be issued to you if your annual income is above S$30,000.
We aim to provide a seamless and convenient process for your loan application. As such, following our review, the approved loan amount will be directly disbursed to your designated account stated in your application.
Standard Chartered’s CashOne Personal Loan has one of the lowest personal
loan rates in Singapore. You will be able to see the interest rate and repayment
amount within the application journey – Apply for personal loan now to access it. You can decide
thereafter whether to proceed with application submission.
Alternatively, use our personal loan calculator here to estimate your monthly
repayment loan amount assuming our lowest interest rate. Actual interest rate is
subject to your credit profile as determined by us during your application.
For existing CashOne Personal Loan clients, your repayment amount can be
found on your Credit Card and Personal Loan Statement
The interest rate shown to you in your online application is based on your credit profile as determined by us.
Hence, the interest rate shown to you in your online application may differ from the illustrative interest rate shown in the calculator above and the interest rate shown to other borrowers.
You may have looked at our rates and noticed that there is a significant difference between the AR and the EIR.
The Applied Rate is used as a reference to calculate the total interest charged on your loan over the full tenure, by assuming that the loan principal is constant throughout the loan tenure.
The Effective Interest Rate reflects the true cost of borrowing and is calculated by taking into account the declining principal balance over the tenure of the loan; hence, it is higher than the flat interest rate. The Interest Repayment component of the monthly instalment is higher in the beginning of the loan tenure than towards the end. Additionally, the EIR shown takes into account the first-year annual fee of S$199.
Yes. For the CashOne Personal Loan applications, you will be charged an initial first-year annual fee of S$199. This amount will be taken from your approved loan amount. (Terms and Conditions Current/Cheque/Savings Account and Time Deposit Terms Personal Loan/Personal Line of Credit/Overdraft Terms).
For example
You borrowed S$10,000. The initial amount that will be credited to your account will be S$9,801. From the second year onwards, until the expiry of the instalment tenure, S$50 will be charged annually if instalments are not paid on time on or before the due dates in full for the preceding 12 consecutive calendar months.
Interest is calculated based on the ‘front-end add-on’ method by multiplying the principal loan amount by the approved applied interest rate for the full tenure of the plan. The interest charged per month is not spread equally throughout the tenure.
While the monthly instalment is constant throughout the loan tenure, the monthly interest and principal is apportioned differently: the interest component is highest in the first month and decreases gradually throughout the loan tenure.
CashOne Personal Loan has a flexible repayment loan tenure from 1 to 5 years*. Enjoy our latest cashback promotion offer for loan tenures of 3, 4 or 5 years (refer to CashOne Personal Loan Cashback Online Promotion Terms & Conditions)
There will be a flat late payment fee of S$100 for every late month, with potential for additional interest charges, depending on how late the payment is made
For example
You are late on your full monthly payment of S$100 by a total of 7 days. You will have to pay additional interest on the full outstanding balance for those 7 days, calculated on a daily basis at the minimum EIR of 29.9% per annum (0.082% per day), on top of the flat S$100 fee.
We will avail the option of being able to make minimum payment due if you have paid your full monthly instalment amount consecutively for 6 months upon taking up a CashOne/CCIL.
Minimum payment due would be
Any amount unpaid from monthly instalment will be subjected to prevailing finance charges.
Outstanding balances below S$50 are to be repaid in full.
For your convenience, CashOne Personal Loans are repayable through a range of channels, including:
Please click here to download the CashOne Personal Loan GIRO application, or call 1800 747 7000.
A S$50 charge will be imposed every time you change the tenure, with each change subject to the Bank’s approval.
You can refer to your monthly statements or log in to Online Banking/ SC Mobile app.
Online Banking
Step 1: Log into Online Banking.
Step 2: Click on “eStatements/eAdvices” on top right hand corner.
Step 3: Select the “View PDF” option to view your statement.
Step 4: Refer to “Instalments Loan Summary” table for details.
SC Mobile app
Step 1: Log into SC Mobile app.
Step 2: Click on “eStatements”.
Step 3: Select the “View” or “Download” option to view your statement.
Step 4: Refer to “Instalments Loan Summary” table for details.
If you decide to pay off your loan early, bear in mind that there will be an early redemption fee of S$150 or 3% of your outstanding principal, whichever is higher.
For example
You borrowed S$20,000 and after a few years you are left with an outstanding balance of S$6,000. If you choose to pay off this S$6,000 before your loan tenure is up, you will have to pay an additional S$180, which is the higher of S$150 or 3% of the outstanding balance of S$6,000.
This is due to late or missed minimum amount due repayments 2x or more in a consecutive 6-month period of your loan tenure. In such events, an additional interest of 4% p.a. is added to your EIR effective from the next statement date immediately after the second instalment payment due date is missed. To keep your monthly repayment amounts consistent, your loan tenure will be extended in view of the new EIR.
The additional interest of 4% p.a. will be removed from your EIR once the minimum payment due is made by the next statement date for 6 consecutive months.
Refer to FAQ #7 for more information on minimum payment amount.
Online Banking
Step 1: Go to Help & Services
Step 2: Select “Account Management”
Step 3: Choose your reason for closing the loan Step 4: Select the loan(s) you wish to close Step 5: If required, update your contact number (optional)
Step 6: Click “Confirm” to submit your request
SC Mobile Aapp
Step 1: Go to Help & Services
Step 2: Select “Account Management”
Step 3: Choose your reason for closing the loan Step 4: Select the loan(s) you wish to close Step 5: If required, update your contact number (optional)
Step 6: Click “Confirm” to submit your request
Click here for the full list of available Digital Services.
A fee of S$150 or 3% of your outstanding principal, whichever is higher, will be levied for any early redemption. Refer to your latest statement for the outstanding principal amount. maintain existing Q&A
The CashOne Personal Loan Up to 2.5% Cashback Online Promotion is available from now till 31 October 2024. Click here for full terms and conditions.
The CashOne Personal Loan Up to 2.5% Cashback Non-Online Promotion is available from now till 31 October 2024. Click here for full terms and conditions.
The CashOne Personal Loan Atome Cashback Promotion Terms and Conditions is valid till 31 August 2024. Click here for full terms and conditions.
Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank”)’s CashOne Personal Loan / Credit Card Instalment Loan Disbursement Terms and Conditions is applicable if an applicant makes an application for a CashOne Personal Loan (“CashOne”) or a Credit Card Instalment Loan (“Application”), successfully submits a completed Application to the Bank and the Bank approves such an Application. The transfer of funds to the applicant’s designated Standard Chartered Current/Cheque & Save Account(s) or non-Standard Chartered Current or Savings Account (each account a “Designated Account”) (“Loan Disbursement”) is subject to (a) the applicant successfully submitting a completed Application to the Bank; and (b) the Bank approving the Application which must satisfy the Bank’s eligibility criteria, including our credit and risk management policies, as well as prevailing laws and regulations. The Bank reserves the right to reject any Application which does not fulfil our criteria at our discretion.
If the Bank is unable to process the Application or the Loan Disbursement due to system failure, system outage, malfunction, delay or any other circumstances whatsoever, whether within our reasonable control or otherwise, the Bank is not able to provide Loan Disbursement within the time periods(as stated in clauses 3 to 5 of the CashOne Personal Loan / Credit Card Instalment Loan Disbursement terms and conditions), and the Bank disclaims all liability arising for any such delay including any loss, damage or inconvenience caused to/incurred by you the applicant, or any third party arising from or in connection therewith. Click here for CashOne Instant Disbursement full terms and conditions which apply.
Standard Chartered Bank (Singapore) Limited (the “Bank”)’s Next Day Cash is a service whereby if an applicant successfully submits a completed application to the Bank for a personal loan by 2pm (Monday-Friday, excluding Public Holiday), and the Bank approves such an application, the Bank will disburse the funds on the next working/banking day (Monday-Friday, excluding Public Holiday). In the event that the bank needs to contact you for additional information/confirmation to complete the application, standard processing turnaround time will apply. If the Bank is unable to process your application due to system failure, system outage, malfunction, delay or any other circumstances whatsoever, whether within our reasonable control or otherwise, the Bank may not be able to provide the Next Day Cash service and the Bank disclaims all liability arising for any such delay including any loss, damage or inconvenience caused to/incurred by you the applicant, or any third party arising from or in connection therewith. Click here for full terms and conditions on Next Day Cash.
This Exclusive Interest Rate Promotion (the “Promotion”) is available from 1 January 2024 to 31 December 2024 (both dates inclusive) (the “Promotion Period”). Click here for full terms and conditions.
Our decision in all matters arising out of or in connection with this Promotion is final and conclusive and no correspondence will be entertained. Our Customer Terms, Personal Loan/Personal Line of Credit/Overdraft Terms and CashOne Product Terms apply. All information is correct at the time of publishing. Click here for full Terms and Conditions on Current/Cheque/Savings Account/Time Deposit, Personal Loan/Personal Line of Credit/Overdraft Terms.
For details, please click here to learn more about Standard Chartered Instant Approval Terms and Conditions.
This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/sg and entering a website operated by other parties:
Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.
The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.
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