There will be a flat late payment fee of S$80 with potential for additional charges. Late interest of 28% per annum will be applied if the minimum monthly repayment due is not received in full by the next Statement Date on any of your Credit Card and Credit Card Funds Transfer accounts.

While within the approved tenure, the interest rate will be reinstated to 0% once the minimum payment due is made in full. Should full repayment be delayed beyond the expiry of the tenure, the EIR will be reinstated to the prevailing EIR of 26.9% once the minimum payment due is made in full.

If you make a late payment for any other Standard Chartered Credit Card or Personal Loan then the EIR for your Credit Card Funds Transfer will be adjusted to 26.9% until all accounts are back in order.

If you already have a credit card with us, you need not submit any documents. However, if you have recently experienced a change in income, you will need to submit your latest income documents during the application, so that we can review your credit limit and your Credit Card Funds Transfer application accordingly.

Yes. If you are an existing principal Standard Chartered Credit Cardholder, by submitting an application for a Credit Card Funds Transfer, the Credit Card Funds Transfer will draw down from your existing credit card limit. Your available credit limit on your credit card which can be used for retail transactions will increase as and when you make repayments for the Credit Card Funds Transfer.

For example
You have an existing credit card limit of S$20,000 and have recently spent S$5,000 on it, leaving you with a balance of S$15,000 on your credit card limit. At the same time, you decide you need to take a Credit Card Funds Transfer of S$10,000. The funds will be deducted from the remaining S$15,000, giving you a balance of S$5,000 to spend with your credit card.

If you then make a monthly repayment of S$500 on your Credit Card Funds Transfer, you will now have S$5,500 available to spend on retail transactions using your credit card.

Your application will be reviewed upon submission.

If you choose to have your funds disbursed to an existing Standard Chartered Current/Cheque/Savings Account:

You will receive your funds instantly upon approval of your application (Application has to be done via sc.com/sg/ccft and the Credit Card Funds Transfer Disbursement Terms and Conditions) apply.

For example
You submitted an application for a Credit Card Funds Transfer of S$250,000 to be disbursed to your Standard Chartered savings account. Regardless of time and day, if your application is complete and is approved instantly, you will have cash disbursed to the account immediately.

However, if the Bank requires more information from you, your application may take up to one working day from submission to be assessed.

If you choose to have your approved Credit Card Funds Transfer amount disbursed to a non-Standard Chartered Current or Savings Account:

(i) Disbursement amount of S$200,000 or less

You will receive your funds within 15 minutes upon approval of your application (Credit Card Funds Transfer Disbursement Terms and Conditions apply). If the Bank needs to contact you for additional information/confirmation to complete the application 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 example
You submitted an application for a Credit Card Funds Transfer of S$20,000 to be deposited into a Fast And Secure Transfers ("FAST") participating bank. As long as your application is complete and is approved instantly, you will receive your funds within 15 minutes.

(ii) Disbursement amount of more than S$200,000

You will receive your funds on the next working day, upon approval of your application.

For example
You submitted an application for a Credit Card Funds Transfer of S$210,000 to be deposited into a non-FAST, non-Standard Chartered Current or Savings Account. This submission occurred on Tuesday, 1pm. If your application is complete and is approved instantly, it will be subject to our Next Day Cash Terms & Conditions and the cash will only be disbursed on Wednesday.

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.

If you decide to pay off the full outstanding balance of your Credit Card Funds Transfer before the agreed tenure is completed, there is no early redemption fee charged.

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

We suggest that you open a Standard Chartered Current/Cheque/Savings Account. In this way, you will receive your funds instantly (see above FAQ re. terms and conditions) upon approval of your loan.

There is no annual fee on your Credit Card Funds Transfer account; however, you will be charged a one-time, non-refundable processing fee on your approved amount and this is dependent on your chosen loan tenure. This will be added to the approved amount upon approval of your application.

There is no option to change the repayment tenure once your Credit Card Funds Transfer has been approved.

For your convenience, Credit Card Funds Transfers are repayable through a range of channels, including:

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

Please click here to download the GIRO application, or call 1800 747 7000.

Yes, you can apply for a Credit Card Funds Transfer. Please note that all applications will be subject to the Bank’s approval.

No, Credit Card Funds Transfers do not earn rewards or cashback.

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, i.e. Standard Chartered Credit Card, Personal Credit, Home Renovation Loan, Personal Loan, Overdraft and Mortgage accounts.

For new customers:

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 customers:

This is dependent on whether you recently utilised 95% or more of your available credit limit.

For example
You have a credit limit of S$10,000. Because you can only use 95% of your available credit limit for your Credit Card Funds Transfer, this leaves you with a total of S$9,500 that can be borrowed.

You apply for a Credit Card Funds Transfer for an amount of S$9,500. However, between the time of application for the Credit Card Funds Transfer and its approval, you spend S$2,000. Given that you have applied for the maximum of your eligible loan amount, any spend during this period will be deducted from it. This then leaves you with a final Credit Card Funds Transfer amount of S$7,500.