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Fast forward your plans with CashOne

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CashOne

Fast forward your plans with CashOne

Realise your plans faster with CashOne

A personal loan that allows you to borrow up to 4x your monthly income.

Employee Banking Benefits

Employee Exclusive

  • Interest rates

    Enjoy preferential interest rates from 3.88% p.a. (Effective interest rate from 7.63% p.a.)1.

    3.88%

    p.a.

For Walk-In Customers

  • Interest rates

    Interest rates from 6.88% p.a. (Effective interest rate of 12.75% p.a.)2.

    6.88%

    p.a.

Eligibility & Documents

Eligibility

  • You must be aged between 21 and 65 with a minimum annual income of:
    • $20,000 for Singapore citizens and permanent residents
    • $60,000 for foreigners with an Employment Pass
    • Employment Pass holders
      – Foreigners must be holders of P1, P2 or Q type Singapore Employment Passes
      – Q Pass holders must have minimum 1-year validity remaining on their passes

Documents Required

  • Mandatory supporting documents for Singapore citizens and permanent Residents:
    • NRIC (front and back)
    • Income documents:
      – Salaried employee: current or previous month’s computerised payslip from current employer (handwritten copies are not acceptable)
      – Commission earner: computerised payslips for the last 3 months from the same current employer (handwritten copies are not acceptable); OR latest Income Tax Notice of Assessment (if this document is faxed, please fax from the bottom end first) OR
      – CPF Contribution History Statements for the last 6 months from current employer
  • Mandatory supporting documents for foreigners:
    • Passport
    • Employment Pass
    • Any of the following documents:
      – Last 3 months’ utility bill
      – Last 3 months’ bank statement
      – Letter from the human resource department of current employer stating address
      – Government-issued documents stating address (e.g. IRAS, CPF, ICA)
      – Telecommunications bill
      – Tenancy agreement
  • Income documents:
    • Salaried employee: current or previous month’s computerised payslip from current employer (handwritten copies are not acceptable);
      OR latest Income Tax Notice of Assessment (if this document is faxed, please fax from the bottom end first)

Key Charges

Fee
Charges
Annual Fee First year:
$199 (deducted from the approved loan amount)
Second year till expiry of instalment tenor:
$50 annual fee waived if all payments are received by payment due date for the past 12 months
Early redemption fee $250 or 3% of the outstanding principal, whichever is higher
Change of tenor $50 per change
Default interest (payment is not received by payment due date twice within 6 consecutive months) 4% p.a. will be added to the original EIR on your entire outstanding balance. The loan tenor will be extended so that your monthly instalment stays the same. This revised EIR will be reinstated to the original EIR when full payment is made by payment due date for six consecutive months.

Important Information

If you are an existing Standard Chartered Credit Cardholder, you will be applying for a Credit Card Instalment Loan which will drawdown from your existing Credit Card limit.

If you are an existing Standard Chartered Personal Credit customer, your line of credit may be converted to a CashOne personal loan.

If you hold any of our Credit Cards with a credit limit of $500 and your annual income ranges from $20,000 to $29,999, your Credit Card account will be closed upon approval of the CashOne personal loan.

Important Notes

1. For illustration, EIR is calculated taking into consideration the first year annual fee of S$199 and is based on a loan amount of $20,000 and loan tenor of 5 years applied through Standard Chartered Employee Banking Programme. Visit here for the full terms and conditions that apply.
2. For illustration, EIR is calculated taking into consideration the first year annual fee of S$199 and is based on a loan amount of $20,000 and loan tenor of 5 years.
3. Subject to a maximum loan amount of S$250,000 and if your annual income is S$30,000 and above. If your annual income is between S$20,000 and S$29,999, you can get up to 2x your monthly income.
4. S$199 Cashback Promotion is available from now to 30 June 2018. Cashback of S$199 will be credited to the loan repayment account, of an eligible customer acquired through Standard Chartered Employee Banking Programme. Please visit sc.com/sg/terms-andconditions/employee-banking for full details and terms and conditions.
5. Waived for eligible customers acquired through Standard Chartered Employee Banking
Programme. Standard Chartered Employee Banking Programme Terms and Conditions apply. Visit here for the full terms and conditions that apply.
Our decision in all matters arising out of or in connection with this Promotion is final and
conclusive and no correspondence will be entertained. Our Customer Terms, Personal
Loan/Personal Line of Credit/Overdraft Terms and CashOne Product Terms apply. All information is correct at the time of publishing. Click here for full Terms and Conditions.