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How would you like to apply?

I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

*SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

*Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

I am an existing Standard Chartered Current/Checking/Savings Account holder

    How would you like to apply?

    I am NOT an existing Standard Chartered Current/Checking/Savings Account holder

    *SingPass holders with a MyInfo profile can use MyInfo to automatically fill up the form. By clicking “Next”, you will be re-directed to the MyInfo portal, which is not owned or controlled by Standard Chartered Bank (Singapore) Limited or any member of the Standard Chartered Group (the “Bank”). The Bank bears no liability or responsibility over your usage of the MyInfo portal.

    *Please note that MyInfo is temporarily unavailable at the stipulated downtimes:

    Mon, Tues, Thurs, Fri, Sat:  5:00AM to 5:30AM. Wed: 2:00AM to 6:00AM. Sun: 2:00AM to 8:30AM

    I am an existing Standard Chartered Current/Checking/Savings Account holder

      Text, Number, Symbol
      1. Personal Loans and Mortgages
      2. Apply For Loans

      3. Credit Card Funds Transfer

      Credit Card Funds Transfer

      Apply for a balance transfer and enjoy 0% interest with up to 100% cashback on processing fee*. T&Cs apply

      Credit Card Funds/ Balance Transfer Benefits
      • enjoy
        0 %p. a

        Interest with flexible
        repayments

      • Up to
        100%

        Cashback on processing fee*

      • from
        0.7%

        One-time processing fee (EIR 2.83% p.a.) for 3-month tenure

      *For new to Standard Chartered Credit Card customers, who are eligible for Credit Card Funds Transfer Processing Fee Cashback Promotion, see FAQ 20 .

      Terms and Conditions apply.

      Credit Card Funds Transfer Calculator2

      Use our handy calculator to see which plan best suits you
      Enter how much you need

      Select your preferred tenure

      •  
        Tenure
        Processing Fee Rate

      Tenure: Loan period during which the minimum monthly repayment must be paid each month (see FAQ 8).

      Processing Fee Rate: One-time processing fee charged to the Credit Card Funds Transfer account upon approval and is non-refundable.

      Processing Fee Amount: Calculated based on the loan amount entered and the processing fee rate corresponding to the chosen tenure.

      Interest Rate: 0% p.a. interest applies for the duration of the approved tenure only (see FAQ 4). Credit Card Funds Transfer Programme Terms and Conditions apply.

      Application Eligibility

      • Age: 21 – 65 years
      • 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 to 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$60,000
      • 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 to 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

      Please prepare the following:

      • Copy of Passport (with at least 6 months’ validity)
      • 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 28% p.a. (0.077% per day)

      Consolidating your loans is a good way to help you with your existing financial circumstances, as you get to avoid high interest rates.

      For example
      If you decide to take a Credit Card Funds Transfer of S$10,000 over a period of 6 months, you will only incur a S$150 processing fee with Standard Chartered Bank (Singapore) Limited (the “Bank”), as compared to a S$1,200 charge over a 6-month period following other banks’ credit card rates (based on 25% p.a. interest rate on other banks’ credit cards).

      Credit Card Funds Transfer (also known as a balance transfer) is a credit facility offered by the Bank, which utilises your available credit limit for existing credit cardholders; alternatively, if you are a new customer, we will provide you with an Unlimited Cashback Credit Card and the Credit Card Funds Transfer facility will utilise the limit assigned to this new credit card on approval. This allows you to access short-term funds from your card limit at a lower rate, helping you manage your finances and giving you peace of mind.

      Find out more about our available loan tenures and choose a plan that suits your needs best:

      Length of Tenure

      To cater to various financial circumstances, we offer 4 different loan tenures all at 0% interest p.a.:

      • 3 months
      • 6 months
      • 9 months
      • 12 months

      The minimum amount that can be transferred is S$1,000, while the maximum is 95% of the total available 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.

      The Effective Interest Rate in the calculator above reflects the true cost of borrowing and is calculated based on the declining principal balance over the tenure of the loan, hence it is higher than flat interest rate. The Effective Interest Rate takes 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 promotional period.

      Yes, under certain circumstances. Please refer to the Late Payment FAQ 9 for details of what happens if you are late with a payment for any Standard Chartered Credit Card, Credit Card Funds Transfer or Personal Loan.

      In addition, if the total Credit Card Funds Transfer amount plus any applicable fees, charges or interest is not repaid in full by the expiry of the approved tenure, then the interest rate for your Credit Card Fund Transfer will be the prevailing rate of 26.9% p.a. and cannot be adjusted.

      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/borrow/loans/balance-transfer/ 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.

      A flat late payment fee of S$100 will be imposed immediately upon default on the payment due date. Additionally, if the minimum monthly repayment due is not received in full on or before the next Statement Date, late interest of 28% per annum 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. 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, if we do not receive the minimum monthly repayment for two or more consecutive months, the promotional interest rate may be withdrawn and the E.I.R. will revert to 26.9% p.a. once minimum payment has been made in full on your overdue account for the relevant month(s).

      E.g. If the minimum monthly 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 28% per annum 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).

      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.

      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.

      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 7. terms and conditions) upon approval of your loan.

      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.

      The Credit Card Funds Transfer Processing Fee Cashback Promotion is only applicable to new Standard Chartered Credit Card customers.

      Depending on the approved tenure, the processing fee cashback percentage will differ, please refer to the summary table below and the Credit Card Funds Transfer Processing Fee Cashback Promotion Terms & Conditions for full details.

      Tenure Percentage of Fee Cashback
      3 Months 100%
      6 Months 50%
      9 Months 40%
      12 Months 40%

      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
      1. A credit card funds transfer application may only be submitted by a Principal cardholder. 2. The minimum credit card funds transfer amount is S$1,000, and the maximum is 95% of the total available credit limit of the Standard Chartered Credit Card account indicated in the application form (“Credit Card account”) at the time of processing the application. 3. The promotional interest rate of 0% p.a. (as indicated in the application form) is only applicable to the amount transferred pursuant to the application submitted in respect of this promotion (“Approved Amount”), and is only valid for the tenure indicated in the application form (“Tenure”). Any existing outstanding balances and/or amounts subsequently incurred on the Credit Card account, including instalment payment transactions, will be subject to the prevailing interest rate chargeable for the Credit Card account if these amounts are not paid in full. The promotional interest rate is valid for the Tenure from the date the application is approved and ends on the last day of the Tenure. Thereafter, the prevailing interest rate chargeable for the Credit Card account will apply. The Effective Interest Rate (EIR) is calculated taking into consideration the processing fee and based on the assumption that full repayment is made within six months from the date the application is approved and with minimum monthly payments of 1% of principal plus interest, fees, charges. 4. Following the approval of the application, a credit card funds transfer account will be set up in the name of the principal cardholder. The one-time non-refundable processing fee on the Approved Amount (as indicated in the application form) will be charged to the credit card funds transfer account upon the approval of the application. 5. If the principal cardholder and/or his/her supplementary cardholder defaults on any payment in respect of their respective credit card accounts or any other credit facilities with us during the Tenure or for other reason which we deem appropriate at its reasonable discretion, a late payment interest of 28% p.a. will be charged to all accounts. We shall also be entitled to withdraw the Promotional Interest Rate and charge applicable finance charges, and/or late payment charges at such rate as we may determine. 6. Credit Card Funds Transfer to any Standard Chartered Credit Card, Personal Credit, Home Renovation Loan, Personal Loan, Overdraft and Mortgage accounts is not permitted. Supplementary cardholders, and cardholders holding corporate cards or credit cards with $500 credit limit are not eligible to apply for credit card funds transfer. Credit Card Funds Transfer will not be eligible for any Rewards Points and CashBack. 7. We reserve the right to (a) decline the application or approve the application with a lower funds transfer amount than the amount applied for without any reason whatsoever, and (b) withdraw, or vary the terms of, this promotion at any time without prior notice. Our decision on all matters relating to this promotion shall be final and binding. These terms apply in addition to our Customer Terms, Credit Card Terms and Credit Card Funds Transfer Programme Product Terms (collectively, “Other Terms”). In the event of any inconsistency between the terms set out herein (“Terms”) and the Other Terms, these Terms shall prevail only to the extent of such inconsistency. Instant approval and instant loan disbursement are subject to the availability of external services and systems including MyInfo and Credit Bureau Singapore.

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