Standard Chartered’s Debt Consolidation Plan helps you manage your loans effectively by offering you an affordable monthly repayment plan. By consolidating all your debts into one simple loan, you free yourself from paying high interest rate loans. On top of that, enjoy the convenience of a Platinum Mastercard® Credit Card for your daily expenses.

  • How it works-Consolidate

    Consolidate Loans+

    Consolidate all your eligible unsecured outstanding loans in Singapore into one simple account - Debt Consolidation Plan

  • How it works-Consolidate

    Card =

    Get a complimentary Platinum Mastercard® Credit Card with a credit limit of up to 1 times your monthly income
    for your daily use

  • How it works-Consolidate

    Easier financial management

    Enjoy greater peace of mind to
    manage your finances better.

Get better control of your finances with our Debt Consolidation Plan with an affordable monthly repayment plan.

Terms and conditions apply.

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Lower interest rates

Applied Rate % p.a. Effective Interest Rate % p.a.
3 4.98% 9.55%
4 5.68% 10.64%
5 5.68% 10.48%
6 5.68% 10.34%
7 5.68% 10.20%
8 6.00% 10.57%
9 6.88% 11.77%
10 6.88% 11.61%

AR: Applied / flat interest rate (from 4.98% p.a. to 6.88% p.a.)
EIR: Effective interest rate ( from 9.55% p.a. to 11.77% p.a.)
For illustration, EIR is calculated taking into consideration of $199 joining fee and based on average loan amount of $50,000


  • Singapore Citizen or Permanent Resident
  • Annual income:Minimum $30,000 to less than $120,000 per annum
  • Unsecured Outstanding balances: More than 12 times of monthly income
  • 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 and unsecured credit facilities from Standard Chartered and Other Banks

  • Copy of latest income documentations


Please click here for the FAQs.

Terms and Conditions

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. Click here for full Terms and Conditions.

Fee Charge
Joining Fee One time $199
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)
Early redemption fee $250 or 3% of the outstanding principal, whichever is higher
Default interest Effective Interest Rate (“EIR”): 25.9% per annum (minimum).
If payment is not received in full by the due date, finance charges will be calculated
on a daily basis at 0.071% 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.

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Please complete our contact form and we will contact you within 5 business days.

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Call Us

Call our hotline for further information.

1800 747 7000

Locate Us

Visit the branch that is nearest to you.

Find a Branch >>


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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.


Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.