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.

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