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Standard Chartered
Enjoy ultra-low rates from 1.00% p.a. (EIR 1.94% p.a.) with up to S$7,500 cashback and instant approval on the CashOne Personal Loan.
The Standard Chartered CashOne Personal Loan stands out in Singapore’s market for its incredibly low rates, starting from just 1.00% p.a. (EIR from 1.94% p.a.). Borrowers can secure amounts from S$1,000 up to S$250,000, with flexible tenures from 1 to 5 years. As an additional boost, new applicants can receive up to S$7,500 cashback, translating to an effective 3% on larger loans. There’s also the convenience of instant approval and near-immediate disbursement—meaning you get your funds fast when you need them most.
How to Apply for CashOne Personal Loan
1. Confirm eligibility: Age 21+ and meet income requirements (S$30,000 for Singapore citizens/PRs, S$90,000 for foreigners with an employment pass).
2. Gather supporting documents if applicable—SingPass users can apply with MyInfo for a paperless experience.
3. Complete the online application through Standard Chartered’s official site, choosing your loan amount, tenure, and disbursement details.
4. Wait for instant approval. If further information is needed, it may take up to one working day for assessment.
5. On approval, receive your funds directly into your nominated account—instantly if you use a Standard Chartered Savings or Current Account.
Pros of CashOne Personal Loan
The strikingly low interest rates set CashOne apart, alongside a generous cashback programme that rewards both new and existing customers. Instant approval and real-time funding further enhance convenience, allowing applicants to address urgent needs swiftly.
Another upside is the promotional no-late-penalty benefit: if you pay your monthly instalments on time for 6 months, there are no late charges, offering welcome flexibility for borrowers with variable cash flow.
Cons of CashOne Personal Loan
There’s a non-waivable S$199 annual fee in the first year, deducted upfront from the loan payout, so your actual received sum will be lower than your approved amount. Early redemption comes with a fee (S$150 or 3% of remaining principal), limiting flexibility for borrowers who hope to clear debt ahead of schedule.
Additionally, the lowest rates are reserved for the most creditworthy clients. The rate shown in the loan calculator may be higher in your personal offer, depending on your credit profile.
Our Verdict
For those seeking quick access to substantial funds at an extremely attractive rate, Standard Chartered CashOne is highly compelling. The combination of low headline rates, flexible tenures, and exceptional cashback makes it a leading choice in Singapore—so long as you are comfortable with the initial annual fee and possible early settlement costs.