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Standard Chartered CashOne
Loan Details
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Things To Note
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At a Glance: Standard Chartered CashOne Personal Loan
- Loan amount: From $1,000 up to $250,000
- Tenure: 1 to 5 years
- Interest rate (p.a.): From 0.90% (EIR from 1.75%)
- Processing fee: $0
- Annual fee: $199, deducted upfront in the first year
- Early repayment fee: $250 or 3% of remaining principal, whichever is higher
- Approval time: Instant for eligible digital applications, especially via MoneySmart
- Minimum annual income: $30,000 (Singaporean/PR); $90,000 (Foreigner)
Sample loan repayment calculation
For example, if you borrow S$10,000 at 0.90% p.a. (EIR from 1.75% p.a.) from SCB CashOne Personal Loan over a 12-month tenure:
- Estimated monthly repayment: Around $841 per month.
- Total interest paid: Approximately $100 for the year (interest amount will vary based on your assigned rate and actual EIR).
💡 MoneySmart Tip: Use our MoneySmart personal loan calculator to confirm your exact repayment before applying.
Pros & Cons of Standard Chartered CashOne Personal Loan
The Standard Chartered CashOne is one of Singapore’s most popular unsecured personal loans, offering fast approval, transparent fees, and flexible repayment options.
Pros ✅
- From 0.90% p.a. (EIR from 1.75% p.a.), as of writing
- One of the lowest, most competitive interest rates compared to other bank personal loans as of April 2026
- Fast approval within minutes and same-day funds disbursement for most MyInfo (SingPass) applications
- Open to new-to-SCB customers, don't need SCB account to qualify
- Broad eligibility to include Singaporeans, PRs, foreigners, and the self-employed
Cons ❌
-
$199 annual fee applies (in the 1st year) and is deducted from approved loan amount
-
Late payment fee of $100 applies if instalments are missed or paid late
Check Out Our SCB CashOne Personal Loan Review Here!
How to check personal loan eligibility in Standard Chartered Bank Singapore?
You can pre-qualify by checking the bank’s published criteria or using its online application tools before submitting a full application.
Note that requirements are updated periodically, and meeting published basics does not guarantee approval—other factors such as your credit record and existing debt also matter.
Who Can Apply for the Standard Chartered CashOne Personal Loan?
The Standard Chartered CashOne personal loan is open to Singaporeans, PRs, and eligible foreigners who meet the required age and annual income thresholds. Instant approval is available through MyInfo (SingPass) for qualified applicants, with funds disbursed immediately upon approval.
Salaried employees
Must be ≥ 21 years old
Minimum $30,000 annual income for Singaporeans/PRs
Required documents:
- Valid NRIC (front & back)
- Latest computerised payslip
- CPF contribution history
- IRAS Income Tax Notice of Assessment
Self-employed individuals
Must be ≥ 21 years old
Minimum $30,000 annual income for Singaporeans/PRs
Required documents:
- Valid NRIC (front & back)
- Latest IRAS Income Tax of Assessment
- Business registration details, if available
Commission-based / Variable income earners
Must be ≥ 21 years old
Minimum $30,000 annual income for Singaporeans/PRs
Required documents:
- Valid NRIC (front & back)
- Last 3 months' commission statements or latest IRAS Income Tax Notice of Assessment
Foreigners in Singapore
Must be ≥ 21 years old
Minimum $90,000 annual income for foreigners
Required documents:
- Valid passport
- Employment Pass (EP) with at least 6 months' validity
- Proof of local address (e.g. utility bill, bank statement)
- Latest computerised payslip or Income Tax Notice of Assessment
Existing Standard Chartered customers
Must be ≥ 21 years old
Minimum $30,000 annual income for Singaporeans/PRs
Required documents:
- NRIC or passport
- Update any income documents if employment details have changed since last account update
Student and education loan applicants
How to Apply for Standard Chartered CashOne Personal Loan?
Before you start applying for Standard Chartered CashOne or any other personal loans, you’ve got to be clear of the reason why you need to take up a personal loan, a manageable loan amount that you can afford to pay off in monthly instalments, the other costs involved such as Effective Interest Rate (EIR), processing fees, annual fees, vice versa.
Follow these steps to apply for Standard Chartered CashOne:
Apply via MoneySmart’s SCB Cashone Personal Loan page
You may begin your application clicking on the SCB CashOne Apply Now button.
If you choose to apply online via SingPass MyInfo, Standard Chartered Bank will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Provide all documentation required
The required documents for SCB CashOne personal loan are:
For salaried employees:
For 100% commission-based earners:
For self-employed:
For full transparency, please refer to SCB’s official website.
Select your monthly repayment plan
Decide on your required amount before picking the suitable plan and also pick your preferred SCB or non-SCB savings account to receive your funds, or provide the details of your other bank accounts.
Review and confirm details
After completing the application form and providing required documents, you will likely be directed to a review and confirm page.
Carefully review all the information you have entered throughout the application process. This includes:
Receive your cash disbursement quickly
The cash loan amount should be disbursed to your designated savings account upon successful approval.
Tips for Fast Loan Approval & Common Application Mistakes
How to get your loan approved quickly
- Apply digitally via MyInfo: Using SingPass auto-fills your application, eliminating manual uploads.
- Check your income records: CPF or IRAS data must reflect your latest employment and salary details.
- Choose realistic loan terms: Loan amount and tenure should align with your financial profile to avoid manual review.
- Keep contact details consistent: Discrepancies between application data and supporting documents may delay approval.
- Ensure sufficient credit history: A strong repayment record improves your chances of same-day disbursement. Refer to our guides on improving your Credit Bureau Singapore (CBS) credit score
READ: Can You Get a Personal Loan in Singapore With a Bad Credit Score?
Common application mistakes to avoid
- Incomplete or outdated documents: Missing payslips or expired Employment Passes are common causes of rejection.
- Overstated income or inconsistent data: Always match your declared income with official records in CPF or IRAS.
- Multiple simultaneous loan applications: Applying for several loans at once may affect your credit score and eligibility.
- Unverified employment details: If your employer is not listed or your job data is incomplete, approval can take longer.
READ: 10 Common Mistakes To Avoid When Taking Personal Loans
How fees affect your total loan cost
In the case of Standard Chartered CashOne, the first-year $199 annual fee is deducted from the loan principal, resulting in your initial disbursed amount to be slightly lower than your approved loan. For example, if you borrow $10,000, you’ll receive $9,801 after the $199 annual fee deduction. The total cost of borrowing is reflected in the EIR, which accounts for this adjustment.
Tips to reduce loan cost
- Apply through MoneySmart to enjoy exclusive MoneySmart sign-up promos and waived processing fees. Use our MoneySmart personal loan comparison tool to do your cost-benefit analysis before deciding on a loan, its borrow amount, and tenure.
- Select shorter tenures if you can afford higher monthly repayments. This lowers your total interest repaid.
- Keep a strong credit score to qualify for the lowest EIR.
- Avoid missing payments. Late payment fees are flat and non-negotiable.
Comparison: Standard Chartered CashOne Vs Other Personal Loans
| Personal Loan | Interest Rate | EIR | Promotion | Valid until |
|---|---|---|---|---|
| UOB Personal Loan | From 1.00% p.a. | From 1.93% p.a. | Register through MoneySmart to qualify for up to S$1,700 cash via PayNow or 19,050 SmartPoints (enough to redeem an Apple iPhone 17 Pro Max and more). Rewards available in as fast as 4 weeks. | 1 Oct 2026 till 7 Oct 2026 |
| Trust Instant Loan | From 1.00% p.a. | From 2.28% p.a. | Sign up through MoneySmart to claim up to S$1,700 cash via PayNow or 19,050 SmartPoints, enough to redeem the Apple iPhone 17 Pro Max and more. Stackable Bonus promotion: | 1 Oct 2026 till 31 Oct 2026 |
| HSBC Personal Loan | From 1.30% p.a. | From 2.50% p.a. | Interest rates start at 1.30% p.a. (EIR from 2.50% p.a.) with zero processing fees for any loan amount. | 12 May 2026 till 31 Oct 2026 |
| HSBC Personal Loan (For Renovation Needs) | From 1.30% p.a. | From 2.50% p.a. | Interest rates start at 1.30% p.a. (EIR from 2.50% p.a.) with zero processing fees for any loan amount. | 12 May 2026 till 31 Oct 2026 |
| DBS Personal Loan | From 1.48% p.a. | From 3.22% p.a. | Get 3% unlimited cashback on approved loans of at least S$10,000 with a minimum 36-month tenure using promo code MONEYSMART. | 1 Apr 2026 till 30 Nov 2026 |
| CIMB Personal Loan | From 1.00% p.a. | From 1.94% p.a. | Enjoy interest rates from as low as 1% p.a. (EIR from 1.94% p.a.) with zero processing fees, or opt for 0% interest on 3 or 6-month loans with a one-time processing fee from 0.99% (EIR from 5.99% p.a.). | 27 Sep 2026 till 31 Oct 2026 |
| Trust Instant Loan (Foreigners) | From 1.00% p.a. | From 2.43% p.a. | Sign up through MoneySmart to claim up to S$1,700 cash via PayNow or 19,050 SmartPoints, enough to redeem the Apple iPhone 17 Pro Max and more. Stackable Bonus promotion: | 1 Oct 2026 till 31 Oct 2026 |
| GXS FlexiLoan | From 1.00% p.a. | From 1.84% p.a. | Get 1.88% off your interest rate as cashback by naming your loan "MSDEAL". Terms and conditions apply. | 1 Jun 2026 till 31 Oct 2026 |
| HSBC Personal Loan (Foreigners) | From 1.30% p.a. | From 2.50% p.a. | Interest rates start at 1.30% p.a. (EIR from 2.50% p.a.) with zero processing fees for any loan amount. | 12 May 2026 till 31 Oct 2026 |
| CIMB Personal Loan (Malaysians Only) | From 1.00% p.a. | From 1.94% p.a. | Enjoy interest rates from as low as 1% p.a. (EIR from 1.94% p.a.) with zero processing fees, or opt for 0% interest on 3 or 6-month loans with a one-time processing fee from 0.99% (EIR from 5.99% p.a.). | 27 Sep 2026 till 31 Oct 2026 |
| Credible.sg Personal Loan | From 9.60% p.a. | From 10.00% p.a. | Enjoy 1% cashback on disbursed loan amounts up to $60K from Sep 17 to Oct 16, 2026, with interest rates from 9.60% p.a. (EIR 10.00% p.a.), loans up to 6x monthly income, flexible repayment, and same-day approval via Credible.sg. | 18 Sep 2026 till 16 Oct 2026 |
Frequently Asked Questions About SCB CashOne Personal Loan
Are there any fees if I take up the SCB CashOne Personal Loan?
- Standard Chartered Bank charges an initial annual fee of $199 (deducted from your approved loan). From the second year onward, S$50 will be charged annually if any minimum payments due in the preceding 12 consecutive months were missed.
There’s also an early redemption (prepayment) fee of $150 or 3% of the outstanding principal (whichever is higher). How do I apply for a SCB CashOne Personal Loan?
- Click "Apply Now" on the Standard Chartered Bank CashOne option on MoneySmart's Personal Loans page.
- Provide your NRIC or identification, latest computerised payslip, CPF Contribution History for 6 months, and optionally Income Tax Notice of Assessment for higher loan consideration.
- Receive your funds upon approval (instant disbursement if to an SCB account; 15 min for non-SCB accounts; other limits apply for large amounts).
Am I eligible for SCB CashOne Personal Loan?
- You must be aged 21 to 65 and either a Singapore Citizen, Permanent Resident, or a foreigner with valid Employment Pass. Minimum annual income: S$20,000 for Singaporeans/PRs; S$90,000 for foreigners.
If I’m late for my monthly instalment, how much do I have to pay?
- A late payment charge of S$100 will apply. Additional interest is calculated daily at the EIR rate of 29.9% p.a. (0.082% per day). If two minimum payments are late within 6 months, default interest at EIR + 4% p.a. may be applied.
When will I receive the approved loan amount in my bank account?
- You will receive your funds instantly upon loan approval if using an existing SCB current or cheque & save account, regardless of loan amount.
For non-SCB current or savings accounts, you will receive your funds in 15 minutes upon successful approval.
Do note however, if your loan amount > $200,000 and approved before 2pm, your funds will be disbursed on the next working day. Or if approved after 2pm, funds will be disbursed 2 working days later. I am an existing SCB cardholder, will taking the SCB CashOne affect the credit limit of my card?
- Yes, SCB CashOne acts as a Credit Card Instalment Loan which draws from your existing credit card limit.
For instance, if your existing credit card limit is $2,000 and you’ve recently spent $5,000 on it, this leaves you with a remaining balance of $15,000. Simultaneously, if you take up a credit card instalment loan of $10,000, this amount will be deducted from your remaining $15,000, leaving a balance of $5,000 to spend with your credit card. Are there any charges if I would like to change my SCB CashOne loan tenure?
- Yes, there is a fee of $50 per tenure change, subject to Standard Chartered Bank’s approval.
Can students or those without income apply?
No, the CashOne personal loan is not available to students or applicants without qualifying annual income and employment. Student/education loan schemes are not offered under this product.
What documents do I need to apply?
- Singaporean/PR: NRIC, latest payslip, CPF contribution statement, or Income Tax Notice of Assessment.
- Foreigner: Passport, valid Employment Pass, proof of address, and latest income documents. Refer to the "Who can apply" section above for breakdown.
Are there any upfront or hidden fees?
- Processing Fee: Waived ($0).
- Annual Fee: $199 in the first year, deducted from your loan amount.
- Late Payment Fee: $100 per missed instalment.
- Early Redemption: $150 or 3% of outstanding principal (whichever is higher). No partial repayments allowed.
How do monthly repayments work? Can I make a lump sum repayment?
- Repayments are made in fixed monthly instalments for your chosen tenure (1 - 5 years).
- Early full repayment is allowed but comes with the early redemption fee mentioned above.
- Partial lump sum repayments are not permitted.
What could cause my application to be rejected?
- Not meeting income, employment, or residency criteria.
- Incomplete or illegible documents.
- Poor credit history, or applying to multiple lenders at the same time.
- Rejections can't usually be appealed, but you may reapply if circumstances change.
Can I choose the disbursement account? Must it be an SCB account?
- No, you do not need a Standard Chartered deposit account. Disbursement can be made to any local Singapore bank account.
What if I need to change my loan tenure after approval?
- You may request a change in loan tenure, but a $50 restructuring fee applies. This is processed at the bank’s discretion.
How do I make my monthly repayments?
- Repayments can be made via GIRO, FAST transfer, or any channel supported for loan repayments. Setting up GIRO helps avoid late fees.