Standard Chartered CashOne Personal Loan Review

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Find out what you need to know about Standard Chartered CashOne Personal Loan. Get competitive rates and a loan that’s matched to your needs.

  • Standard Chartered loans can be approved in as little as 15 minutes
  • The early redemption fee of S$150 is quite costly

Standard Chartered offers a range of competitive loans tailored to meet individual needs – and one of its leading products is the CashOne Personal Loan. With this loan, you can take advantage of a first year annual fee waiver worth S$199 on your loan or credit card account.


EIR: 7.67%

Interest Rate From

Up to 4x your monthly salary, subject to a cap of S$250,000

Maximum Loan Amount

1 - 5 years

Loan Tenure


Special OfferCashback amounting to 50% of your first month’s loan instalment, resulting in a S$199 refund on your loan account equivalent to the amount of the first-year annual fee charged on your approved loan. T&Cs apply. Valid till 30 June 2020.
Interest Rate From3.88% 

EIR: 7.67%

Minimum Loan AmountS$1,000
Maximum Loan AmountUp to 4x your monthly salary, subject to a cap of S$250,000
Loan Tenure1 - 5 years
Approval DurationNext working/banking day. T&C's apply
Loan Account TypeLine of credit
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Pros and cons


  • For new customers, your approved loan could give you 50% off your first month’s instalment in the form of cash back. This offer runs until 30 June 2020. Terms and conditions apply.
  • This provider has a high limit of Up to 4x your monthly salary, subject to a cap of S$250,000 for its loans.
  • Standard Chartered is a name you can trust, being one of Singapore’s biggest full-service banks.


  • Loan terms have a limit of 5 years.
  • The early redemption fee of S$150 or 3% of the outstanding principal (whichever is higher) is more than the S$100 charged by the Citi Quick Cash Loan.

Main points to consider with a Standard Chartered CashOne Personal Loan

You can borrow for any type of expense with Standard Chartered. Loans start at S$1,000 and go Up to 4x your monthly salary, subject to a cap of S$250,000 but the amount you can get (if any) will depend on your personal circumstances including your annual income.

Features of a Standard Chartered CashOne Personal Loan

  • Fast approval times. You may be able to secure a loan in as little as 15 minutes, sent to a bank account of your convenience.
  • Cashback promotion. You could get 50% off your first month’s instalment in the form of cash back. This offer runs until 30 June 2020.
  • Flexible repayment periods. Repay your loan over as little as 1 year or up to 5 years.
  • Interest rate. Standard Chartered sets your interest rate based on factors individual to you. Its effective rates of interest start from 7.67%.
  • Credit card. You may be eligible for a Platinum Visa Credit Card if you have an annual income of S$30,000 or above. With this card, you could enjoy a five-year annual fee waiver.

How much does the loan cost?

The overall cost of your loan varies depending on factors including your income, how much you’re borrowing and your repayment instalments.

Standard Chartered has an effective interest rate starting at 7.67% per annum. Some of the fees which apply to this loan include a S$50 fee if you change your loan terms and an S$80 fee for late payments, plus interest. If two full repayments are late within six consecutive months, you’ll revert to a default interest rate and will have to pay additional interest.

Make sure you read your loan terms carefully so that you’re fully aware of all the fees and charges that apply before you sign up.

How to apply for a Standard Chartered CashOne Personal Loan

To be eligible for a Standard Chartered personal loan you must:

  • Be aged between 21 and 65 years of age
  • Have a minimum annual income of S$20,000
  • Foreigners must hold a Singapore Employment Pass

Required documents

New Customers

If you’re a new customer applying for a loan, you’ll typically have to provide:

  • Copy of your passport (with at least 6 months’ validity)
  • Copy of your Employment Pass
  • One from the following: a bank or credit card statement, a utility bill, a government-issued document, an employment letter, a mobile phone or Pay TV statement, or a rental agreement.
For Salaried Employees/Partial Commission-based Earners

Additional Documents:

  • Latest computerised payslip
  • For higher loan amounts you may also need to submit your latest Income Tax Notice of Assessment (NOA).
For 100% Commission-based Earners

Additional Documents:

  • Last Income Tax Notice of Assessment (NOA), or
  • Last three months of Commission Statement from the same employer
For Self-employed

Additional Documents:

  • Latest Income Tax Notice of Assessment (NOA)

Existing customers: If you’re a customer of Standard Chartered and hold a credit card account with this provider, you shouldn’t need to show any documents (unless you’ve had a recent change in your income).

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