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Proceed

Get 5% cashback^ when you refinance your existing Debt Consolidation Plan with us. Plus, enjoy low interest rates from 3.98% p.a. (EIR* 7.70% p.a.).

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Get 5% cashback^ when you refinance your existing Debt Consolidation Plan with us. Plus, enjoy low interest rates from 3.98% p.a. (EIR* 7.70% p.a.).

Debt Consolidation Plan Refinancing

Grab our best-in-market offer of 5% cashback^ when you refinance your existing Debt Consolidation Plan granted by another financial institution with us. What’s more, interest rate starts from as low as 3.98% p.a. (EIR* 7.70% p.a.).

 
STANDARD CHARTERED DEBT CONSOLIDATION PLAN REFINANCING
EXISTING DEBT CONSOLIDATION PLAN GRANTED BY ANOTHER FINANCIAL INSTITUTION
Monthly Instalment S$913 S$1,058
Tenure 7 Years 7 Years
Interest Rate 3.98% p.a. (EIR** 7.70% p.a.) 6.88% p.a. (EIR* 11.97% p.a.)
Total Payable (without drawing new amounts) S$76,709 S$88,888
Interest Savings S$12,179
1 The illustration is based on the assumption that: (a) the total outstanding balance of S$60,000 is subject to interest rates of 6.88% p.a. (EIR* from 11.97% p.a.) (b) no new amounts are drawn down; and (c) the total outstanding balance of S$60,000 is transferred to Standard Chartered Debt Consolidation Plan of a 7-year tenure and interest rate of 3.98% p.a. (EIR* from 7.70% p.a.). The interest rate offered to you is based on your personal credit profile as determined by us, and may differ from the published interest rate and the interest rate offered to other borrowers.

*For illustration, EIR is calculated based on average loan amount of S$60,000 and all instalment payments are paid by their respective due dates during the 7-year loan tenure.

**For illustration, EIR is calculated taking into consideration of S$199 joining fee and based on average loan amount of S$60,000 and all instalment payments are paid by their respective due dates during the 7-year loan tenure.

2The credit limit for the Platinum Mastercard Credit Card issued with Standard Chartered Debt Consolidation Plan is equivalent to your monthly salary as per the bank’s assessment with your latest income document.

Our Customer Terms, Current/Cheque/Savings Account and Time Deposit Terms, Personal Loan/Personal Line of Credit/Overdraft Terms, Credit Card Terms, Credit Card Tariff Sheet and Terms and Conditions Governing Debt Consolidation Facility apply.

Fees & Charges

Fee
Charge
Joining Fee One time $199
Early redemption fee $250 or 5% of the outstanding principal, whichever is higher.
Default interest Effective Interest Rate (“EIR”): 26.9% per annum (minimum).

If payment is not received in full by the due date, finance charges will be calculated on a daily basis at 0.074% from the respective transaction dates for all transactions to the date the payment is received.

Late payment If we do not receive the minimum payment as per indicated on your statements by the due date, a late payment charge of $80 will be charged to your Debt Consolidation Plan facility and/or Platinum Mastercard® Credit Card respectively.
Annual Fee For Standard Chartered
Platinum Mastercard® Credit Card
$192.60 (including GST) – perpetually waived

Please click here for more information on the Platinum Mastercard® Credit Card, including the applicable fees and charges (such as the finance charges and late payment fee)

Eligibility & Documents

Eligibility

  • Singapore Citizen or Permanent Resident
  • Annual income: Minimum $30,000 to less than $120,000 per annum
  • Existing Debt Consolidation Plan granted by another financial institution
  • Age: 21 -65 years old

Application Documentation

  • NRIC (front and back)
  • Copy of latest credit bureau
  • Copy of the latest statements of your credit cards from your existing DCP financial institution
  • Copy of latest income documentations
  • Settlement notice from the existing DC bank

Terms and Conditions