Your application will be reviewed upon submission.

If you choose to have your approved loan amount disbursed to an existing Standard Chartered Current/Cheque & Save Account:

You will receive your funds instantly* upon approval of your loan.

For example
You submitted an application for a loan 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.

[*Application has to be done via sc.com/sg/cashone and the CashOne Disbursement Terms and Conditions apply]

If you choose to have your approved loan amount disbursed to a non-Standard Chartered Current or Savings Account:

(i) Loan amount of S$200,000 and less

You will receive your funds within 15 minutes^ upon approval of your loan.

For example
You submitted an application for a loan 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.

[^CashOne 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.]

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

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

For example
You submitted an application for a loan of S$200,001 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, the cash will be disbursed by Wednesday.

However, if the submission took place after 2pm on Tuesday, it will be subject to our Next Day Cash Terms & Conditions, and the cash will only be disbursed on Thursday.

For other scenarios, please refer to the CashOne Personal Loan / Credit Card Instalment Loan Disbursement Terms and Conditions.

There will be a flat late payment fee of S$80 with potential for additional charges, depending on how late the payment is made.

For example
You are late on your full monthly payment of S$500 by a total of 7 days. You will have to pay additional interest on the full outstanding balance for those 7 days, calculated on a daily basis at the minimum EIR of 26.9% per annum (0.074% per day), on top of the flat S$80 fee.

We understand that with a busy lifestyle, it can be easy to forget a payment or two. But in the event of multiple late payments, you will be subject to additional charges.

For example
You were late in making your full monthly repayment of S$1,000 in February and May this year. Because you did not make full repayment of your instalment amount twice within a span of 6 consecutive months, on top of the individual months’ late payment fees and any additional daily interest, a further 4% p.a. will be added to your EIR effective from the next statement date immediately after the second instalment payment due date is missed.

To keep your monthly repayment amounts consistent, your loan tenor will be extended in view of the new EIR. This 4% p.a. of default interest will be removed from your EIR as soon as you make full instalment repayments by the instalment payment due date for 6 consecutive months.

If you decide to pay off your loan early, bear in mind that there will be an early redemption fee of S$150 or 3% of your outstanding principal, whichever is higher.

For example
You borrowed S$20,000 and after a few years you are left with an outstanding balance of S$6,000. If you choose to pay off this S$6,000 before your loan tenor is up, you will have to pay an additional S$180, as the 3% fee is greater.

You may have looked at our rates and noticed that there is a significant difference between the AR and the EIR.

The Applied Rate is used as a reference to calculate the total interest charged on your loan over the full tenor, by assuming that the loan principal is constant throughout the loan tenor.

The Effective Interest Rate reflects the true cost of borrowing and is calculated by taking into account the declining principal balance over the tenor of the loan; hence, it is higher than the flat interest rate. The Interest Repayment component of the monthly instalment is higher in the beginning of the loan tenor than towards the end. Additionally, the EIR shown takes into account the first-year annual fee of S$199.

Yes. For CashOne Personal Loan applications made from now till 31 December 2019 via sc.com/sg/cashone, while there is an annual fee waiver, you will be charged an initial first-year annual fee of S$199. This amount will be taken from your approved loan amount, and will be returned to your credit card or approved Cashone Personal Loan account after 50 working days (CashOne Cashback Promotion Terms and Conditions apply).

For example
You borrowed S$10,000. The initial amount that will be credited to your account will be S$9,801. After 50 working days, the remaining S$199 will be returned to your credit card or CashOne Personal Loan account.

From the second year onwards, until the expiry of the instalment tenor, S$50 will be charged annually if instalments are not paid on time on or before the due dates in full for the preceding 12 consecutive calendar months.

Depending on your existing financial circumstances, changes to an instalment tenor can sometimes be unexpected but necessary.

For example
You decide that it would be in your best interest to extend your instalment tenor from 2 years to 5 years. A S$50 charge will be imposed every time you change the tenor and each change will be subject to the Bank’s approval.

For your convenience, CashOne Personal Loans 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.

The interest rate shown to you in your online application is based on your credit profile as determined by us.

Hence, the interest rate shown to you in your online application may differ from the illustrative interest rate shown in the calculator above and the interest rate shown to other borrowers.