Get the Best Standard Chartered Personal Loans with Low Interest Rates in Singapore for 2022!

Compare personal loan & get best loan interest rates in Singapore. Read More
10,000 personal loan Paid over 3 years
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We found 1 Standard Chartered Personal Loan for you!
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Per Month

S$307

MoneySmart Exclusive
Receive cash in 15 mins!

Standard Chartered CashOne

Interest Rate*
EIR: 7.99%
3.48%
Total Amount Payable
S$11,044
Processing Fee
S$0
Per Month
S$307

Receive your loan as quick as 15 mins and enjoy more than S$4,200 worth of free gifts! Get an additional cash incentive of up to S$2,400 from Standard Chartered Bank! T&Cs apply.

Valid until 30 Jun 2022 - See more details below
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Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Standard Chartered Personal Loan Promotions

LOAN SIZEPROMODATES
$10,000 to S$14,999$200 CashTill 31 Mar 2022
$15,000 to S$20,000 MoneySmart Exclusive Promotion: $450 Cash via PayNow or Dyson Pure Cool Purifying Fan DP04 (worth S$699) + $200Till 31 Mar 2022
$20,001 to S$30,000MoneySmart Exclusive Promotion: $600 Cash via PayNow or Apple 10.2-inch iPad Wi-Fi 64GB (worth S$499) + $300Till 31 Mar 2022
$30,001 to S$40,000MoneySmart Exclusive Promotion: $650 Cash via PayNow or Samsung Galaxy A52 5G 128GB (worth S$548) + $300Till 31 Mar 2022
$40,001 to S$50,000 MoneySmart Exclusive Promotion: $700 Cash via PayNow or Nintendo Switch [OLED Model with White Joy-Con] (worth S$549) + $300Till 31 Mar 2022
$50,001 to S$100,000 MoneySmart Exclusive Promotion: $1,050 Cash via Paynow or Apple iPad Air Wi-Fi 64GB (worth S$879) + $600Till 31 Mar 2022
$100,001 and above MoneySmart Exclusive Promotion: $2,900 Cash via Paynow or Samsung Galaxy S22+ 5G 128GB (worth S$1,468) + $2,400Till 31 Mar 2022

Standard Chartered Personal Loan Interest Rates & Fees

PARTICULARS SINGAPORE / PR FOREIGNER
Interest Rate From 3.48% p.a. From 3.48% p.a.
Effective Interest Rate (E.I.R) From 6.95% p.a. From 6.95% p.a.
Maximum loan amount 4X your monthly salary or $250,000 4X your monthly salary or $250,000
Minimum Annual Income $20,000 $60,000
Loan Tenure 1 - 5 Years 1 - 5 Years
Approval Duration Instant approval & instant cash with SingPass MyInfo. For loan amount of >$200,000, cash is disbursed by next working day Instant approval & instant cash with SingPass MyInfo. For loan amount of >$200,000, cash is disbursed by next working day
Late payment charge $80 + additional interest at 0.074% per day (EIR 26.9% p.a.) $80 + additional interest at 0.074% per day (EIR 26.9% p.a.)
Early settlement penalty $150 or 3% of the outstanding principal (whichever is higher) $150 or 3% of the outstanding principal (whichever is higher)

Standard Chartered Personal Loan Singapore

Standard Chartered’s personal loan product is called Standard Chartered CashOne. It offers an attractively low promotional interest rate and extremely fast cash disbursement (ranging from instant cash to next working day at most). It is lenient for Singaporean/PR borrowers but foreigners may find it difficult to meet the eligibility requirements.

Standard Chartered Personal Loan Eligibility

The Standard Chartered Personal Loan is open to applicants aged from 21 to 65 years old. Singaporeans/PRs may apply, but there are different eligibility criteria for each group.
For Singaporeans/PRs, the minimum annual income requirement is $20,000. Foreigners, on the other hand, need to be earning $60,000 and above a year, as well as hold an Employment Pass.
There are several ways to apply for a Standard Chartered Personal Loan. If you already have a Standard Chartered credit card, you can apply instantly and need not submit any income documents.
If you are a new customer, the quickest way to apply is with SingPass MyInfo. You will not need to submit any documents separately.
If you do not have SingPass, then you will need to submit your identification (NRIC/Passport), Employment Pass (if applicable) and income documents. Your application may take longer to get approved.

Standard Chartered Personal Loan Interest Rates

At the moment, Standard Chartered is offering an attractive interest rate of 3.48% p.a. (EIR 6.95% p.a.) for their personal loans.

What is EIR, you ask? The EIR, or Effective Interest Rate, is higher because it reflects all other fees and charges, and takes into account the loan tenure. When comparing different loans, it is best to compare the EIR rather than the advertised interest rate.

Note that the attractive Standard Chartered personal loan interest rate is promotional in nature and comes with some terms and conditions. For example, your income needs to be at least $30,000 annually. Also, it is only valid for a limited time.

Not sure what this personal loan interest rate looks like in terms of monthly repayments? Use our Standard Chartered Personal Loan Calculator to work out your ideal loan amount and tenure.

Standard Chartered Personal Loan Promotion


There are several Standard Chartered personal loan promotions you can enjoy if you apply through MoneySmart. These are valid until 15 June 2021.

First, the interest rate of 3.48% p.a. is guaranteed if you apply here. You also get a cashback from a range of $200 to $1200 from Standard Chartered, depending on the loan amount.

In addition, you can get an Apple AirPods Max and $800 instant cash by PayNow when your loan is approved. This is for those with a minimum loan amount above $100,000 only.
However, if you do not need that much money, it is wiser to take on a smaller loan as you would end up paying less in interest anyway.

Standard Chartered Personal Loan Hotline

To contact Standard Chartered about Personal Loans, you can call the 24-hour Standard Chartered hotline at +65 6747 7000.
You may also live chat with a bank representative via www.sc.com/sg/help/contact-us/. The Standard Chartered live chat service is available from 9am to 12am daily.

Standard Chartered Personal Loan Frequently Asked Questions

How can I get personal loan from Standard Chartered Bank?

The quickest way to apply for a Standard Chartered Personal Loan is online, using either your existing Standard Chartered account (if you already have a StanChart credit card) or SingPass MyInfo (if you are a new customer). Otherwise, you will need to submit an application online and upload your identity and income documents, which take a longer time to be approved.

Can foreigners apply for a Standard Chartered Personal Loan?

Yes, but the eligibility requirements are stricter for foreigners than for Singaporeans/PRs. Briefly, you need to be earning at least $60,000 a year to qualify for a personal loan, and you need to furnish a valid Employment Pass. If you do not meet these requirements, you may try a more lenient bank such as Citibank, which has a lower income requirement for foreigners.

What is the interest rate for personal loan in Standard Chartered Bank?

Standard Chartered personal loan interest rates are usually tailored to the loan tenure, loan amount and the credit profile of the applicant. Your final interest rate will be the one shown when your loan is approved. However, during this promotional period, Standard Chartered is offering a guaranteed 3.48% p.a. interest rate for applicants via MoneySmart, who are earning at least $30,000 a year.

How can I check my Standard Chartered personal loan status?

You can call the 24-hour Standard Chartered hotline at +65 6747 7000 and speak to a customer service officer or live chat with a bank representative via www.sc.com/sg/help/contact-us/. For other banking requests, you can follow up with the Standard Chartered mobile banking app. Under “Help and Services”, you should be able to see the status of your pending requests.

Personal Loan Calculator - Note to Borrowers

MoneySmart lists Personal Loan products that range between a minimum of 1 to a maximum of 7 years. The effective interest rate (EIR) of loan products on our site range from 6.5% p.a. to up to 20.0% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs. For an example of a loan with 8.5% EIR, you would need to pay S$316/month for an S$10,000 Personal Loan with a loan tenure of 3 years. This would equate to a total payment of S$11,376 over 3 years. Please view each Personal Loan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).