Standard Chartered CashOne Personal Loan

Low interest rate from 3.88% p.a (EIR 7.96% p.a) and tenure


  • No processing fee and fee waiver of $199 annual fees
  • Instant approval and cash disbursal


  • Higher income requirement for foreigners as compared to other banks
Summary of Product
Interest Rate: From as low as 3.88% p.a (EIR 7.63% p.a)
Loan Tenures: Choice of 1 year to 5 years
Max. Credit Limit: Up to 4x of monthly income
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?

Exclusive low flat interest rate of 3.88% p.a (EIR from 7.67% p.a.) for all loan tenure and amount

Interest rates for personal loans range between 3.5% p.a. to 10.8% p.a. Standard Chartered is offering one of the lowest interest rates in the market at 3.88% p.a. (EIR from 7.67% p.a.) for all loan tenures and all loan amounts for the Standard Chartered CashOne Personal Loan. This is applicable for all new or existing Standard Chartered customers.

Get $199 cashback

Standard Chartered is giving away $199 cashback to waive off the first year annual fee. This is available for all approved applications, regardless of the loan amount. This cashback will be deducted from your approved loan amount first, and within the next 50 days, $199 will be transferred back to your account. Don't miss out the chance for the rich offers and act fast now!

Highest limit of loan amount of up to S$250,000

Get up to 4x of your monthly income if your annual income is S$30,000 and above. What also makes Standard Chartered CashOne Personal Loan stand out is that, the individual can loan up to S$250,000 while most of the other banks have a cap of S$200,000.

Get your loan approved and disbursed instantly

This is a very important feature for consideration if you need your cash urgently. Once you have completed your application online via MyInfo (where you do not have to even upload your documents at all), you will be able to get an instant decision on your loan application. Similar to DBS, Standard Chartered will disburse the loan amount to you immediately. This is even applicable for new Standard Chartered customers. However, if you have applied via the manual application form, you will still be able to get your cash next day. Standard Chartered bank will process your application by 2pm and disburse the approved loan amount by the next working day i.e. Monday to Friday (excluding public holidays). Otherwise, the loan amount will be disbursed to you the following working day.

Complimentary Standard Chartered Platinum Visa Credit Card

Get more for your bucks with the credit card as you earn 1 rewards point for every S$1 spend. As an illustration, with 5,000 points, you can redeem $20 shopping vouchers at Tangs/Al-Futtaim Retail Asia and etc. These points can be accumulated and only expires after 3 years. What’s more, the annual fee is waived for 5 years i.e. throughout your loan tenure, so you do not have to fret over paying additional fees.

Who can apply?

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

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.

Here’s what you will need during the application process:
  • Front and back of NRIC/Passport/Employment Pass
  • Following Income Documents
  • Salaried employees Latest month’s computerised payslip + Latest income tax notice of assessment; OR
    Latest 6 month’s CPF contribution history statement + Latest income tax notice of assessment; OR
    Latest 6 month’s CPF contribution history statement; OR
    Latest month’s computerised payslip
    Self-employed Last 2 years’ Notice of Assessment
    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)

    Other Personal Loans for your consideration

    If Standard Chartered CashOne Personal Loan does not work for you, you may consider the following personal loans that may work in your favor:

  • 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 2019.