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Proceed
with an annual fee of 4.5% p.a. (EIR 8.59% p.a.) to help you manage your cashflow
Get extra cash to ease your cash flow
Flexible repayment with no early redemption fee
of the approved loan amount
Approved Loan Amount
S$6,000
S$12,000
First-year Annual Fee i.e (EIR* 8.59%)
S$270
S$540
Disbursed Loan Amount
S$5,730
S$11,460
Monthly Installment Amount
S$500
S$1,000
Total Monthly Installment Amount Paid for 12 months
S$6,000
S$12,000
No documents are required.
However, if there has been a recent change in your income, please submit your updated documents for review during the application process.
For Salaried Employees/Partial Commission-based EarnersCopy of NRIC (front and back)
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
For Self-employed
No documents are required.
However, if there has been a recent change in your income, please submit your updated documents for review during the application process.
Please prepare the following:
Additional Documents:
For Salaried Employees/Partial Commission-based Earners
Latest computerised payslip
For Self-employed
4.5% of the approved loan amount
(Interest-free Personal Loan and No Early Redemption Fee Promotion Terms and Conditions)
additional interest will be calculated on a daily basis at the EIR of 26.9% p.a. (0.074% per day)
if 2 full repayments are late within 6 consecutive months, then default interest will apply (see FAQ 5)
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 Interest-free CashOne Personal Loan application accordingly.
Yes. If you are an existing principal Standard Chartered Credit Cardholder, by submitting an application for an Interest-free CashOne Personal Loan, you will actually be applying for an Credit Card Instalment Loan, which 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 on the Credit Card Instalment Loan.
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 Instalment Loan of S$10,000. This loan amount 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 Instalment Loan, you will now have S$5,500 available to spend on retail transactions using your credit card.
If you hold any of our Credit Cards with a credit limit of S$500 and your annual income ranges from S$20,000 to S$29,999, your credit card account will be closed upon approval of the Credit Card Instalment Loan.
Your application will be reviewed upon submission.
You will receive your funds upon approval of your loan.
Your application may take up to one working day from submission to be assessed.
[*Application has to be done via here and the Next Day Cash Terms and Conditions apply.]
There will be a flat late payment fee of S$100 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$100 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 tenure 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.
There is no early redemption fee.
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 tenure, by assuming that the loan principal is constant throughout the loan tenure.
The Effective Interest Rate reflects the true cost of borrowing and is calculated by taking into account the declining principal balance over the tenure 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 tenure than towards the end. Additionally, the EIR shown takes into account the annual fee of 4.5% of the approved loan amount.
Yes, your Interest-free CashOne Personal Loan (as the case may be) will be subject to a first-year annual fee of 4.5% of the approved loan amount.
You will not be able to vary the Instalment Tenure of your Interest-free CashOne Personal Loan
For your convenience, Interest-free CashOne Personal Loan are repayable through a range of channels, including:
Please click here to download the GIRO application, or call 1800 747 7000.
Click here for more FAQs.
