Salary Advance offers you a revolving line of credit that comes with a
chequebook and a debit card, enabling you to withdraw cash instantly.
Make an
e-Appointment

Details

Instant Access to Cash and Greater Convenience
  • 30 conveniently-located Standard Chartered ATMs
  • More than 100 ATMs across our shared network across Singapore
  • Access 90,000 Cirrus ATMs in more than 120 countries with your international ATM card
Online Banking Services
  • Pay any bank's Visa or MasterCard credit card bills online
  • Access more than 360 billing organisations
  • Perform funds transfer
  • Issue e-cheques
Make Repayments Via:
  • Cheque
  • Online Banking
  • Cash payments at any Standard Chartered branch, ATM or cash deposit machine
  • AXS stations
  • SAM machines
How do I Save with Salary Advance?

We charge you 0% interest on the first $3,000 you withdraw, which means you save money when you use your Salary Advance account to pay your outstanding credit card balances at other banks. What's more, you earn 1% CashBack anywhere you use your MasterCard Debit Card, with no limits.

Illustration
  Salary Advance Other Bank's Credit Card
Outstanding amount $5,000 $5,000
Interest rate 0% for first $3,000 and 17.9% per annum for excess balance 24% p.a.
Interest amount $358 $1,200
You save $842 70% savings

This is for illustration only. The Bank reserves the right to amend any terms of the interest at anytime, at its sole discretion without prior notice.

Eligibility

Aged Between 21-65 with a Minimum Annual Income of:
  • $30,000 for Singapore citizens and permanent residents
  • $80,000 for foreigners with an Employment Pass*
Employment Pass Holders:
  • Foreigners must be holders of P1, P2 or Q type Singapore Employment Passes
  • Q Pass holders must have at least 1 year left on their pass

FAQs

    • What is Salary Advance?

      Salary Advance is an unsecured revolving credit line that comes with a chequebook and a debit card so you can withdraw cash instantly.

      Features:

      • No collateral required
      • Get cash up to 2x monthly salary or $100,000, whichever is lower.
      • Receive a cheque book and a debit card for cash withdrawal
      • Interest charged only on the amount used
      • You can repay the money over time with minimum payments of just 3% of outstanding balances or a minimum of $50, whichever is higher
    • How much of my Salary Advance can I use?

      You can withdraw up to your full credit limit using your debit card or cheque book. To check your current available balance, please call our 24-hour Phone Banking at 1800 747 7000 or log on to our Internet Banking service at Standard Chartered Online.

    • Do I only pay for what I use?

      Yes. You will only pay the amount you use. If you do not use your Salary Advance funds, you will not be charged any interest.

    • What are the requirements to apply for Salary Advance?
      You must be aged between 21 and 65 years old with a minimum annual income of:
      • $30,000 for Singapore citizens and permanent residents
      • $80,000 for foreigners with Employment Pass

        Employment Pass holders:
        • Foreigners must be holders of P1, P2 or Q type Singapore Employment Passes
        • Q Pass holders must have minimum one year validity remaining on their pass

Learn more »

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