Standard Chartered
Enjoy rates as low as 1% p.a., quick approval, and up to S$7,500 cashback on larger loans. Great for those wanting flexible, fast cash!
Standard Chartered CashOne Personal Loan offers one of the lowest interest rates in Singapore, starting from just 1% p.a. (EIR from 1.94% p.a.). The loan is available for tenures ranging from 1 to 5 years. For loan amounts of S$18,000 or higher, applicants can receive up to S$7,500 cashback, making this an attractive option for those looking for quick, substantial financing.
How to Apply for CashOne Personal Loan
To initiate your application, first check that you’re a Singaporean/Permanent Resident (21+ years, min. annual income S$30,000) or a foreigner (min. S$90,000 income and Singapore Employment Pass). Existing Standard Chartered credit card holders don’t need extra documents unless there’s a recent income change. New customers or those with income changes should prepare their NRIC or passport, income proof, and MyInfo for a streamlined process. Simply apply online for near-instant approval and designate your preferred bank account for cash disbursement.
Key Pros
One of the greatest advantages is the exceptionally low interest rate, which begins at just 1% per annum. Moreover, the up-to-3% cashback on approved loans over S$70,000 (capping at S$7,500) is one of the highest available in the Singapore personal loan market today. Instant approval and quick disbursement ensure you get your funds rapidly for urgent needs.
Notable Cons
The first-year annual fee of S$199, deducted directly from the loan amount, can affect how much cash you actually receive upfront. In addition, foreigners must meet a higher salary threshold (S$90,000 per annum), which may be restrictive for some applicants. Early redemption comes with its own set of fees, with a S$150 or 3% charge on the remaining principal.
Veredicto
Overall, Standard Chartered CashOne Personal Loan is a top-tier option if you value low rates, rapid access to cash, and strong cashback perks. While some fees apply, the flexibility and potential rewards make this a compelling choice for qualified borrowers seeking reliability and speed.
