Calculate your savings with SC Credit Card Funds Transfer

Discover how much you can save when you convert your credit card outstanding balances from other bank(s).

Your loan amount S$

Enter minimum $1000 outstanding amount

Preferred loan tenure Loan period during which the minimum monthly repayment must be paid each month.

Outstanding credit card balances with other bank(s)
SC Credit Card Funds Transfer
Total outstanding balances
Convert
Interest Rate 0% p.a. interest applies for the approved tenure period only (see FAQ 7 for details). Credit Card Funds Transfer Programme terms and conditions apply.
Interest
S$0
One-time processing
fee amount A one-time processing fee will be charged to your Credit Card Funds Transfer account upon approval and is non-refundable. The processing fee rate offered in your application will be based on your credit profile reviewed by the bank.
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With Standard Chartered Bank, you will save data-saved-amount

Disclaimer: The calculator is for illustration purposes only.

What is Credit Card Funds Transfer (Balance Transfer)?

Cash out your available credit limit from your existing SC Credit Card.
*For new customers without a SC Credit Card, you will get a Simply Cash Credit Card with an approved Credit Card Funds Transfer of up to 90% of your approved credit limit.

Why you need it

How it works

Manage your credit card debts

Consolidate your other banks’ credit card balances with our short-term Credit Card Funds Transfer at 0% interest.

Save money on interest charges

Enjoy interest-free cash with a low one-time processing fee.

Instant cash for:

Emergencies
Renovation
Money management
Business needs

Apply effortlessly

Get up to S$250,000 of funds, subject to your available credit limit.

Immediate cash*

To your preferred SC account immediately or any of your other bank accounts within 15 minutes.

Minimum monthly repayment

Pay as low as S$50 or 1% of your total remaining principal amount (whichever is higher). The remaining loan amount is payable at the end of your loan tenure.

*Subject to approval of the application which must satisfy the Bank’s eligibility criteria. Terms and Conditions apply.

Frequently Asked Questions

Application Eligibility

  • Age: 21 years and above
  • Minimum annual income: S$30,000

Note: Supplementary credit cardholders and cardholders holding corporate credit cards or credit cards with S$500 credit limit are not eligible to apply for a Credit Card Funds Transfer.

For Existing Standard Chartered Credit Cardholders

No documents are required.

However, if there has been a recent change in your income, please submit your updated documents for review during the application process.

For New Customers or Existing Customers with Change(s) in Income/Employment

For SingPass holders applying with MyInfo

myinfo-logo

No documents are required

For Salaried Employees/Partial Commission-based Earners
  • Copy of NRIC (front and back)
  • (i) Latest computerised payslip OR
    (ii) Latest 6 months’ CPF Contribution History Statement

    To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.

For 100% Commission-based Earners
  • Copy of NRIC (front and back)
  • (i) Latest Income Tax Notice of Assessment (NOA) OR
    (ii) Latest 3 months of Commission Statement from same employer
For Self-employed
  • Copy of NRIC (front and back)
  • Latest Income Tax Notice of Assessment (NOA)

Application Eligibility

  • Age: 21 – 65 years
  • Minimum annual income: S$90,000
  • Must hold a Singapore Employment Pass

Note: Supplementary credit cardholders and cardholders holding corporate credit cards or credit cards with S$500 credit limit are not eligible to apply for a Credit Card Funds Transfer.

For Existing Standard Chartered Credit Cardholders

No documents are required.

However, if there has been a recent change in your income, please submit your updated documents for review during the application process.

For New Customers or Existing Customers with Change(s) in Income/Employment

For SingPass holders applying with MyInfo

myinfo-logo

Please prepare the following:
  • Copy of Passport (with at least 6 months’ validity), including the page with address displayed (where applicable)
  • Copy of your Employment Pass
  • Any ONE of the following documents:
    (i) Latest utility bill, rates or tax bill
    (ii) Latest bank / credit card statement (e-Statements are accepted)
    (iii) Rental agreement showing your address
    (iv) Latest mobile phone statement or pay-TV statement
    (v) Letter from employer stating current address
    (vi) Government-issued document stating current address (e.g. IRAS, CPF, ICA)
Additional Documents:
For Salaried Employees/Partial Commission-based Earners
  • Latest computerised payslip

    To be considered for a higher loan amount, please submit your latest Income Tax Notice of Assessment (NOA) in addition to the above.

For 100% Commission-based Earners
  • (i) Latest Income Tax Notice of Assessment (NOA) OR
    (ii) Latest 3 months of Commission Statement from same employer
For Self-employed
  • Latest Income Tax Notice of Assessment (NOA)

Early redemption fee
S$0

For more details on all other applicable fees and charges,  please click here.

Late Payment Charges
S$100

Late interest will be calculated on a daily basis at the EIR of 29.9% p.a. (0.081% per day)

Credit Card Funds Transfer (also known as balance transfer) is a credit facility offered by the Bank.
As an existing credit cardholder, taking up a Credit Card Funds Transfer gives you access to short-term funds at 0% interest during your approved tenure, based on your available credit limit.
As for new clients, we will provide you with a Standard Chartered Simply Cash Credit Card (offering 1.5% cashback on card spends) and the Credit Card Funds Transfer facility will utilise the credit limit assigned to the new credit card on approval.

We offer 4 different loan tenures at 0% interest p.a. – 3 months, 6 months, 9 months and 12 months.

The minimum amount that can be transferred is S$1,000, while the maximum is 90% of the total assigned credit limit of the Standard Chartered Credit Card account that you’ve indicated in the application form or that has been assigned to you on approval of your new credit card.

Consolidating your credit card debts can reduce your interest payments and help you manage your financial situation.
Use the calculator above to find out your potential interest savings with Credit Card Funds Transfer.

Yes. An application for a Credit Card Funds Transfer will draw down from your existing credit limit. As and when you make repayments to your Credit Card Funds Transfer account, the available credit limit on your credit card will increase.

For new clients:
This is dependent on our lending criteria, which includes factors such as your credit rating and income levels, which will first have to be assessed by the Bank.
For existing clients:
This is dependent on your available credit limit, as you can only use up to 90% of your assigned credit limit for Credit Card Funds Transfer. For example: If your available credit limit is S$10,000, the maximum Credit Card Funds Transfer amount is S$9,000.

Upon expiry of your approved tenure, If you fail to repay your full Credit Card Funds Transfer amount (including any applicable fees, charges or interests), the prevailing interest rate of 29.9% will be applicable to your outstanding balance.
In addition, if you are late with a payment for any of your Standard Chartered Credit Card, Personal Loan or Credit Card Funds Transfer, the prevailing interest rate of 29.9% will also be applicable. Please refer to FAQ “What happens if I’m late on my minimum monthly repayment?” for details.

The minimum monthly repayment is 1% of the total remaining principal OR $50 (whichever is greater), plus interest, fees and charges as reflected on your credit card statement.

A flat late payment fee of S$100 will apply in the event of default on payment due date.
Following that, if the minimum repayment due is not received in full on or before the next Statement Date, late interest of 29.9% p.a. will be applied on all your Credit Card Funds Transfer accounts from the next Statement Date and reflected in the statement of the subsequent month.
Late interest will be calculated on a daily basis at the EIR of 29.9% p.a. (0.081% per day).
If you have missed only one payment during the approved tenure, the applicable interest rate will be reinstated to the promotional interest rate once minimum payment is made in full.
However, note that if the minimum monthly repayment is missed for two or more consecutive months, the promotional interest rate may be withdrawn and the EIR will remain at 29.9% p.a. after minimum payment has been made in full on your overdue account for the relevant months.
Example: If the minimum repayment due is not received in full by the payment due date (4 May), a flat late payment fee of S$100 will be charged on the payment due date (4 May).
If the minimum monthly repayment due is not received in full on or before the next Statement Date (12 May), late interest of 29.9% p.a. will be applied on all your Credit Card Funds Transfer accounts from the next Statement Date (12 May) and reflected in the statement of the subsequent month (12 June).

No, there is no early redemption fee charged if you decide to pay off the outstanding balance of your Credit Card Funds Transfer before the expiry of your approved tenure.

Apply with Myinfo and you could enjoy instant approval, subject to no documentation review or further document requirements. Refer to Eligibility & Documents section for more information. If the Bank requires more information from you, your application may take up to one working day from submission to be assessed.
Receive your funds instantly* upon loan approval if you choose to disburse your approved loan amount to an existing Standard Chartered Current/ Cheque & Save account. This applies to all approved loan amounts.
[*Application has to be done via sc.com/sg/ccft and the Credit Card Funds Transfer Disbursement Terms and Conditions apply]
Receive your funds in 15 minutes^ upon loan approval if you choose to disburse your approved loan amount to a non-Standard Chartered Current/ Savings or Credit Card account. Do note that if your approved loan amount is more than $200,000 and approved before 2pm, you will receive your funds on the next working day upon approval of your loan. If approved after 2pm, you will receive your funds 2 working days after day of approval.
[^Credit Card Funds Transfer Disbursement Terms and Conditions apply. If the Bank needs to contact you for additional information/ confirmation to complete the application and/or your non-Standard Chartered account of choice is a non-FAST participating bank, cash will be disbursed the next working day instead and will be subject to the Next Day Cash Terms & Conditions.]
For other scenarios, please refer to the Credit Card Funds Transfer Disbursement Terms and Conditions.

You can transfer the approved loan amount to any local bank accounts registered solely under your name.

There is no annual fee to Standard Chartered’s Credit Card Funds Transfer. However, there is a one-time non-refundable processing fee based on your approved loan amount and tenure.

No, you cannot change your repayment tenure once your Credit Card Funds Transfer has been approved.

You can open a Standard Chartered Current/ Cheque/ Savings Account. This also allows you to receive your funds instantly upon approval of your loan on your credit card. T&Cs apply.

Credit Card Transfer Funds are repayable through a range of convenient channels, including:

  • Online Banking
  • SC Mobile
  • AXS and ATM machines island-wide
  • All Standard Chartered Bank (Singapore) Limited branches
  • GIRO (for automatic monthly repayments)

No, Credit Card Funds Transfers do not earn rewards and cashback on your credit card(s) with the Bank.

Yes, foreigners can apply for Credit Card Funds Transfers. All applications are subject to the Bank’s approval.

No. Cash received from your Credit Card Funds Transfer may not be used to pay off existing loans or outstanding Credit Card payments issued by the Bank (e.g. Standard Chartered Credit Card, Personal Loan, Overdraft and Mortgage accounts).

The Effective Interest Rate is the true cost of borrowing. It provides a more accurate picture of the overall cost, taking into account the processing fee and monthly minimum payments of 1% of principal, plus interest, fees and charges and full payment in the final month of the approved tenure.

Click here for more FAQs.

Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank”)’s Credit Card Funds Transfer Disbursement Terms and Conditions is applicable if an applicant makes an application for a Credit Card Funds Transfer (“Application”), successfully submits a completed Application to the Bank and the Bank approves such an Application. The transfer of funds to the applicant’s designated Standard Chartered Current/Cheque & Save Account(s) or non-Standard Chartered Current or Savings Account or non-Standard Chartered Credit Card Account (each account a “Designated Account” and each such transfer of funds a “Funds Disbursement”) is subject to (a) the applicant successfully submitting a completed Application to the Bank; and (b) the Bank approving the Application which must satisfy the Bank’s eligibility criteria, including our credit and risk management policies, as well as prevailing laws and regulations. The Bank reserves the right to reject any Application which does not fulfil our criteria at our discretion. If the Bank is unable to process the Application or the Funds Disbursement due to system failure, system outage, malfunction, delay or any other circumstances whatsoever, whether within our reasonable control or otherwise, the Bank is not able to provide Funds Disbursement within the time periods(as stated in clauses 3 to 5 of the full Credit Card Funds Transfer Disbursement terms and conditions), and the Bank disclaims all liability arising for any such delay including any loss, damage or inconvenience caused to/incurred by you the applicant, or any third party arising from or in connection therewith. Click here for full terms and conditions which apply.

For details, please click here

Please click here for Credit Card Funds Transfer Programme Product Terms and Conditions. These terms apply in addition to our Customer Terms and Credit Card Terms

For details, please click here

For details, please click here

Prefer a different financing solution?

Need a longer tenure to reduce your monthly repayment?

Take a CashOne Personal Loan to enjoy low monthly repayments across a 1-to-5-year tenure at attractive interest rates.

Looking to split your SC credit card transactions?

EasyPay offers interest-free monthly instalments across 3, 6, 9 or 12 months for your credit card purchases with low processing fees.

Looking to earn rewards on your bill payments?

EasyBill lets you get cashback, 360° Reward Points or Bonus Interest on your IRAS, Education, Insurance and Rental payments at low fees.

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