Standard Chartered offer a personal loan “CashOne Personal Loan” where customers can borrow up to 4 times the amount of their monthly income for a tenure of wither 1, 2, 3, 4 or 5 years.
Applying for a loan with Standard Chartered of S$30,000.00 loan, over a year tenure, with an APR of 7.8%, monthly payments would be S$1,445.00, with a total interest payable of S$4,680.00 and the total amount repayable would be S$34,680 over the term of the loan.
It will usually take about 7 days to have the loan approved, and customers can get up to S$1088 back and an extra S$50 if they apply for the loan online. The first year annual S$199.00 is also currently being waived on all loans.
What’s needed to get a Personal Loan with Standard Chartered?
In order to apply for and receive a CashOne Loan with Standard Chartered, customers will need to be between 21-65 years, a Singaporean citizen, a permanent resident or a foreigner with a valid employment pass. People who apply for a loan must also earn a minimum monthly salary of S$1,667.00 per month.
Keeping in mind, that while customers can end their CashOne loan early with Standard Chartered, they will have to pay 3%of the outstanding principle, or S$250.00. Whichever is higher. There are late payment charges of S$80.00 and if they wish to make changes to the tenure, it will cost S$50.00 per change. If customers have a bad credit it history, there is also a chance that the personal loan may not get accepted.
If you’re looking at new personal loans, consider taking out a loan with Standard Chartered.