Standard Chartered
Enjoy rates from 1% p.a. (EIR from 1.94% p.a.) and up to S$7,500 cashback on approved loan amounts. Fast approval—get cash instantly without late penalty for early months.
The Standard Chartered CashOne Personal Loan is a standout option in Singapore, offering attractive rates from as low as 1% per annum (EIR starting from 1.94% p.a.). With flexible tenures ranging from 1 to 5 years and up to S$7,500 cashback, it targets both new and existing customers. Borrowers can get instant approval, quick cash payouts, and no late penalties if they pay on time for the first six months. Overall, this loan suits those seeking fast, value-driven financing.
How to Apply: Step-by-Step
Start by ensuring you meet the eligibility criteria: age 21+, annual income of at least S$30,000 for Singaporeans/PRs or S$90,000 for foreigners with a valid Employment Pass. Gather required documents for application, which may include NRIC or passport, proof of income, and existing employment records.
Visit the Standard Chartered CashOne application page and fill in your personal details. Use MyInfo via SingPass for a fast, document-free process if eligible. Submit the form and wait for instant approval (or up to one working day if further review is needed). Once approved, choose where your funds should be disbursed, either to an SC account or another bank in Singapore.
Pros of Standard Chartered CashOne Personal Loan
One of the biggest advantages is its low interest rate from 1% p.a — among the most competitive in Singapore. Plus, the effective cashback of up to S$7,500, depending on your loan amount, is a real incentive.
Quick approval and disbursement mean funds can be accessed almost immediately. There’s also flexibility with repayment tenure and no late penalty for the first six months, provided you pay in full on time.
Cons of Standard Chartered CashOne Personal Loan
There is a one-time annual fee of S$199 deducted from your approved loan. If you repay late, a S$100 charge per late month applies, alongside a high default interest rate.
Foreigners have a higher income and documentation requirement, which may not suit everyone. The exact interest rate is subject to your credit profile, so lower rates are not guaranteed for all applicants.
Verdict
The Standard Chartered CashOne Personal Loan stands out for its high cashback, low headline rates, and very fast approvals for eligible customers. It offers real flexibility and convenience, though fees and strict eligibility must be considered. For those who value quick access to funds and competitive rewards, this loan is a compelling choice in Singapore’s personal loan market.