What is CashOne personal loan?
CashOne personal loan is an instalment loan on your credit card that allows you to borrow up to 4 times your monthly income.
How many years can I borrow the loan for?
You can borrow the money for up to 5 years.
Will I be able to use my Platinum Credit Card or existing Standard Chartered Credit Card for retail transactions?
If your annual income is $30,000 or above, you will be issued a Platinum Credit Card. As the credit limit on your Platinum Credit Card or existing Standard Chartered Credit Card is treated as a loan, you will only be able to use the available credit limit for retail transactions once you have repaid the CashOne personal loan.
Terms and Conditions
#Standard Chartered Bank (Singapore) Limited (the "Bank")'s Next Day Cash is a service whereby if an applicant successfully submits a completed application to the Bank for a personal loan by 2pm (Monday-Friday, excluding Public Holiday), and the Bank approves such an application, the Bank will disburse the funds on the next working/banking day (Monday-Friday, excluding Public Holiday). In the event that the bank needs to contact you for additional information/confirmation to complete the application, standard processing turnaround time will apply. If the Bank is unable to process your application due to system failure, system outage, malfunction, delay or any other circumstances whatsoever, whether within our reasonable control or otherwise, the Bank may not be able to provide the Next Day Cash service and the Bank disclaims all liability arising for any such delay including any loss, damage or inconvenience caused to/incurred by you the applicant, or any third party arising from or in connection therewith. Click here for full terms and conditions.
^Get a loan of up to 4x your monthly income (subject to a maximum loan amount of $200,000) upon approval if your annual income is $30,000 and above.
The CashOne Personal Loan Cashback Promotion (the “Promotion”) is available from now till 31 August 2020. To qualify for the Promotion and receive the Cashback amounting to 50% of your first month’s instalment amount and the S$199 Credit: (a) you must apply for a CashOne Personal Loan (“CashOne”), a Credit Card Instalment Loan, or top up loan on your existing Credit Card Instalment Loan account with Standard Chartered Bank (Singapore) Limited (the “Bank”): (i) at an applied interest rate of 3.88% p.a. and above (EIR^ from 7.67% p.a.) and (ii) to be repaid over tenures of either 4 or 5 years; (b) you must have applied through any of the application channels made available to you by the Bank, except for electronic direct mailers sent by the Bank to you, online application links sent by the Bank to you through SMS and convenience cheque; (c) the Bank receives your Application during the Promotion Period, which must be approved; and (d) the approved loan amount for your CashOne / Credit Card Instalment Loan (“Approved Loan Amount”) or the approved top up loan amount for your top up loan on your existing Credit Card Instalment Loan account with the Bank (“Approved Top Up Loan Amount”), must be a minimum of S$15,000. ^EIR is calculated taking into consideration the first-year annual fee of S$199 and is based on average loan amount of S$20,000. If you satisfy the eligibility criteria, you will be eligible to receive (a) cashback amounting to 50% of your first month’s instalment amount as indicated on your CashOne account statement / a cashback amounting to 50% of your first month’s Approved Top Up Loan Amount on your Credit Card Instalment Loan account statement (“Instalment Amount”) and as may be approved by the Bank through an Application to this Promotion (“Cashback”) and (b) a one-time credit of S$199, equivalent to the first-year annual fee (“S$199 Credit”). You will be able to receive S$199 Credit, if you satisfy the eligibility criteria set out in Clauses 2(a)(i), (b), (c), and your approved Loan Amount or Approved Top Up Loan Amount, is :(a) at least S$1,000 but less than S$15,000 and above and your CashOne, Credit Card Instalment Loan or top up loan on your existing Credit Card Instalment Loan is to be repaid over a tenure of 1, 2, 3, 4, or 5 years or (b) S$15,000 and above and your CashOne, Credit Card Instalment Loan or top up loan on your existing Credit Card Instalment Loan is to be repaid over a tenure of 1, 2, 3 years. The Cashback is non-redeemable for cash, non-transferable, non-assignable and non-exchangeable for any item and will be credited within 50 working days of Application approval to your credit card accounts or any one of your credit card account, provided always that the Cashone or Credit Card Instalment Loan or top up loan on your existing Credit Card Instalment Loan account (as the case may be) is validly existing, in good standing and conducted in a proper and satisfactory manner at all times. CashOne Personal Loan Cashback Online Promotion Terms and Conditions apply.
Our decision in all matters arising out of or in connection with this Promotion is final and conclusive and no correspondence will be entertained. Our Customer Terms, Personal Loan/Personal Line of Credit/Overdraft Terms and CashOne Product Terms apply. All information is correct at the time of publishing.