Standard Chartered CashOne Personal Loan

Low interest rate from 3.88% p.a (EIR 7.96% p.a) and instant approval for online applications

SingSaver Exclusive: Stand to score an up-to-S$10,000 cash cushion, fully funded by us! More details here: Standard Chartered CashOne Personal Loan promotion


  • Enjoy 0% interest rate with a low processing fee of 4.5% (1-year tenure)
  • No processing fee for longer loan tenures
  • No early repayment fee
  • Get S$199 cashback and offset the annual fee
  • Instant approval and cash disbursal
  • Max. loan amount of up to 4X monthly salary, capped at S$250,000.


  • Late payment fee: S$80
  • Change in loan tenure fee: S$50
  • Higher income requirement for foreigners
Summary of Product
Interest Rate: From as low as 3.88% p.a (EIR 7.63% p.a)
Loan Tenures: Choice of 1 to 5 years
Max. Loan Amount: Up to 4X of monthly income, or a cap of S$250,000
Min. Loan Amount: S$1,000
Turnaround Time: Instant approval and cash disbursement

Table of Content

Why should you choose Standard Chartered CashOne Personal Loan?

*NEW* Enjoy 0% interest rate
You read that right. Exclusive for 1-year tenure loans, you enjoy 0% interest with a low processing fee.

Low flat interest rate of 3.88% p.a
Standard Chartered’s CashOne Personal Loan is the one you’re looking for if low interest rate is key. It is one of the lowest on the market at 3.88% p.a. for any loan amount of more than 1 year.

Get S$199 cashback
Standard Chartered is giving you S$199 cashback to offset the first year annual fee, plus another S$20 cashback for applications via MyInfo.

Instant loan approval and disbursement
Great if you need your cash urgently. For an even seamless process, complete the online application using MyInfo (not forgetting the S$20 cashback) on SingSaver and you won’t have to wait for a decision on your application by Standard Chartered.

Complimentary Standard Chartered Platinum Visa Credit Card
Get more bang for your buck as you earn 1 rewards point for every S$1 spend on your Standard Chartered Platinum Visa Credit Card. Know what else is complimentary? An annual fee waiver for 5 years.

Who can apply?

Age Requirement 21 - 65 years old
Annual Income Requirement Singaporeans/PRs: S$30,000 Foreigners: S$60,000

What charges or fees should you look out for?

Processing fee S$199 for first year annual fee S$50 for subsequent annual fee (waived if all payment is received by due date for the past 12 months)
Early Redemption fee $150 or 3% of the outstanding principal, whichever is higher $250 or 3% of the outstanding principal, whichever is higher (with effect from 15 January 2019)
Default Interest Additional 4% p.a to the original EIR on entire outstanding balance Note that this is only applicable if payment is not received by due date twice within 6 consecutive months, and if exercised, the loan tenure will be extended so that monthly instalment remains the same
Late Payment fee S$80 for each monthly repayment that is not received in full by due date + Charge of EIR 25.9% p.a (0.071% per day) on balance of overdue monthly instalment payment

How to apply?

Once you have decided to take up for this loan, click on the “Apply Now” button and complete the application form on Standard Chartered’s page. Note that you will need to prepare the following documents.
Salaried employees Latest 12-month CPF contribution history statement + Latest income tax notice of assessment; OR Latest month’s computerised payslip
Self-employed Latest Income Tax Notice of Assessment and latest original computerised payslip
Commission-based earners Latest 3 months payslip + Latest income tax notice of assessment; OR Latest 6 months CPF contribution history statement; OR Latest 3 months payslip; OR Copy of latest income tax notice of assessment (For 100% commission earner)
All Applicants Front and back of NRIC/Passport/Employment Pass

Other Personal Loans for your consideration

Standard Chartered CashOne Personal Loan not the right fit? You may consider the following personal loans:
  • OCBC is offering you a rate of 5.8% p.a (EIR from 12.11% p.a).
  • HSBC is currently offering exclusive rate of 3.7% p.a (EIR from 7% p.a).
  • Citibank where you can get instant pre-approval decision only at SingSaver

Appendix: Summary of Interest Rates for all tenures

Loan Tenure Flat Interest Rate (p.a) Effective Interest Rate (p.a) Processing Fee Monthly Instalments
1 year 3.88% 8.97% S$199 S$1,731.33
2 years 3.88% 8.27% S$199 S$898.00
3 years 3.88% 7.97% S$199 S$620.22
4 years 3.88% 7.78% S$199 S$481.33
5 years 3.88% 7.63% S$199 S$398.00
*Note that the above monthly repayment is based on the calculation of S$20,000 loan amount, unless otherwise stated.
Looking for other personal loans? Check out the Best Personal Loans in Singapore 2020.