Standard Chartered CashOne Personal Loan in Singapore
updated: Apr 30, 2025
The Standard Chartered CashOne Personal Loan is a solid option for fast, fuss-free financing, offering fixed monthly repayments and approval in minutes. Interest rates start from 3.48% p.a. (EIR from 6.95% p.a.), and you can borrow up to 4x your monthly income, or even 8x if you earn S$120,000 or more a year.
Jump to:
- Standard Chartered CashOne Personal Loan product overview
- Standard Chartered CashOne Personal Loan promotion
- Why should you apply for Standard Chartered CashOne Personal Loan?
- Loan eligibility
- Comparing to other personal loans
- How to apply for Standard Chartered CashOne Personal Loan
- Frequently asked questions about the Standard Chartered CashOne Personal Loan
Standard Chartered CashOne Personal Loan
Standard Chartered CashOne Personal Loan
Standard Chartered CashOne Personal Loan product overview
Here's an overview of Standard Chartered CashOne Personal Loan, including the interest rate, fees, minimum annual income, and more.
Standard Chartered CashOne Personal Loan
Read Singsaver’s full review of the Standard Chartered CashOne Personal Loan
Standard Chartered CashOne Personal Loan promotion
SingSaver Exclusive Cashback Offer: Receive the following rewards when you apply for an SCB CashOne Personal Loan.
SingSaver x SCB CashOne Personal Loan Exclusive Offer
Experience the lowest interest rates from 1.90% p.a. (EIR from 3.63% p.a.) in the market, plus up to S$1,299 in Cashback & Rewards (e.g., Apple iPhone 16, Dyson AM07, and more!) when you apply for Standard Chartered CashOne Personal Loan via SingSaver. Valid till 1 June 2025. T&Cs apply.
Why should you apply for Standard Chartered CashOne Personal Loan?
Attractive personalised interest rates
Standard Chartered offers highly competitive interest rates starting from 1.90% p.a. (EIR 4.04% p.a.). Final rates are tailored to your credit profile, so strong borrowers could score lower-than-average rates.
Fast, fuss-free approval
Submit your application online using MyInfo via SingPass and get instant approval. If everything checks out, your loan can be approved within minutes and disbursed to your account within 15 minutes.
Flexible loan amounts and tenure
Borrow from as little as S$1,000, up to 4x your monthly income, or up to 8x if your annual income is S$120,000 or more. Tenure ranges from 1 to 5 years, giving you control over your repayment timeline.
Low entry barrier
The minimum annual income requirement is just S$30,000 for Singapore Citizens and Permanent Residents, making this one of the most accessible personal loans in Singapore.
Loan eligibility
- Citizenship status: Singaporean / PR / Foreigners with Employment Pass
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Age requirement: Between 21 and 65 years old
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Employment status: Whether you're a full-time salaried employee, earning variable or commission-based income, or running your own business as a self-employed individual, you're welcome to apply, provided you meet the income criteria below.
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Annual income:
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Singapore citizens/Singapore PRs: $30,000
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Foreigners: $90,000
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Comparing to other personal loans
|
Loan provider |
SCB CashOne |
HSBC Personal Loan |
Trust Bank Instant Loan |
|
Interest rate |
From 1.90% p.a. |
From 2.20% p.a. |
From 2.22% p.a. |
|
Effective interest rate (EIR) |
From 4.04% p.a |
From 4.0% p.a. |
From 4.22% p.a. |
|
Annual fee |
$199 for first year only, S$50 annually from the second year onwards (waived if all monthly payments are made on time for the preceding 12 months) |
S$120 (First year waived) |
$0 |
|
Total interest payable |
$190 |
$220 |
$222 |
|
Total amount payable |
$10,190 |
$10,220 |
$10,222 |
|
Principle loan amount |
$10,0000 |
$10,0000 |
$10,0000 |
|
Monthly payment* |
$849 |
$852 |
$852 |
|
Minimum annual income |
$30,000 |
$30,000 |
$30,000 |
|
Loan tenure |
1 to 5 years |
1 to 7 years |
3 to 60 months |
|
Loan disbursement speed |
Instant upon approval to any FAST-enabled bank account; typically within 15 minutes |
Same-day disbursement to HSBC accounts upon approval; 1–3 working days for disbursement to other bank accounts |
Funds are disbursed instantly to your Trust savings account upon approval |
|
Processing fee |
$0 |
$0 |
$0 |
|
Cancellation fee |
S$150 or 3% of the outstanding principal, whichever is higher |
2.5% of the redemption amount for early repayment |
3% of the outstanding principal amount if repaid in full within 90 days |
|
Late payment fee |
S$100 per missed payment; additional interest of 29.9% p.a. on overdue amounts |
$120 |
$100 |
*Assuming $10,000 borrowed loan amount over a 1-year tenure
How to apply for Standard Chartered CashOne Personal Loan
To apply for the Standard Chartered CashOne Personal Loan, click the ‘Apply Now’ button below and complete the online form with your personal, employment, and loan details—approval may be instant if you apply via MyInfo.
SingSaver x SCB CashOne Personal Loan Exclusive Offer
Experience the lowest interest rates from 1.90% p.a. (EIR from 3.63% p.a.) in the market, plus up to S$1,299 in Cashback & Rewards (e.g., Apple iPhone 16, Dyson AM07, and more!) when you apply for Standard Chartered CashOne Personal Loan via SingSaver. Valid till 1 June 2025. T&Cs apply.
Frequently asked questions about the Standard Chartered CashOne Personal Loan
How much personal loan can I take from Standard Chartered?
You can borrow up to 4 times your monthly income, capped at S$250,000, subject to the bank's credit assessment. For existing Standard Chartered credit cardholders, the approved loan amount may be up to 98% of your available credit limit.
How long does it take Standard Chartered to approve a loan?
If you apply online using MyInfo via SingPass, you may receive instant approval, provided no additional documentation is required. If further information is needed, approval may take up to one working day.
If I’m late for my monthly instalment, how much do I have to pay?
A late payment fee of S$100 will be charged if the minimum payment is not received by the due date. Additionally, interest will accrue daily on the overdue amount at an Effective Interest Rate (EIR) of 29.9% p.a. (0.082% per day).
What is the minimum monthly payment for Standard Chartered CashOne Loan?
The minimum monthly repayment is the higher of S$50 or 1% of the approved monthly principal instalment amount, plus any interest, fees, charges, and any overlimit or past due balance. This provides greater flexibility in managing your repayments.
I am an existing HSBC cardholder, will taking up the Standard Chartered CashOne affect the credit limit of my card?
No, taking up the Standard Chartered CashOne Personal Loan will not affect the credit limit of your HSBC credit card, as they are managed by separate banks. However, if you hold a Standard Chartered credit card, taking up a CashOne loan will reduce your available credit limit by the loan amount.