Enjoy Fast Loan Approval with Standard Chartered Personal Loans Singapore 2024!

Need instant cash? Apply for SCB Personal Loan online and get cash as fast as 15 minutes! Read More
10,000 personal loan Paid over 3 years
We found 2 Standard Chartered Personal Loans for you!
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Per Month


Per Month
MoneySmart Exclusive
Receive Cash in 15 mins! | HIGHEST CASHBACK
Interest Rate*
EIR: From 5.84%
From 2.88%
Total Amount Payable
Processing Fee
Per Month

New-to-bank customers can receive attractive gifts worth up to S$6,337 (an Apple Watch Ultra 2 + S$5,100 cashback*), while existing customers can receive up to S$5,608 in cash rewards when you apply and get approved for a loan this February!
PLUS new-to-bank customers can enjoy up to additional S$250 Cash Bonus when you apply through MoneySmart! T&Cs apply.

Valid until 29 Feb 2024 - See more details below
Promotion ends in
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Per Month


Per Month
Instant Approval & Cash Disbursement
Interest Rate
From 3.48%
Total Amount Payable
Processing Fee
Per Month
Read More

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 Interest Rates & Fees

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 Review 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

Enjoy Standard Chartered personal loan promotions when you apply with MoneySmart. You can receive your loan as quick as 15 mins and enjoy up to S$4,799 worth of free gifts! Furthermore, get an additional cash incentive of up to S$3,100 from Standard Chartered Bank! Terms and conditions apply. Valid until 31 July 2022.

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 is to proceed with a Standard Chartered Personal Loan online application 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).