The Standard Chartered CashOne Personal Loan is a popular choice for borrowers in Singapore who seek low interest, flexible repayment, and generous cashback rewards. The headline perks include interest rates from just 1% per annum (EIR from 1.94% p.a.), with cashback up to 3% of your approved loan amount—amounting to as much as S$7,500.

Loan amounts range from S$1,000 to S$250,000, and tenures stretch from 1 to 5 years. New sign-up clients enjoy particularly favorable cashback rates, and existing customers can qualify for up to 2% cashback. There’s also swift processing—most applications receive instant approval and funds can be in your account within minutes if you bank with Standard Chartered.

How to Apply

• Check if you meet the eligibility criteria: at least 21 years old, S$30,000 annual income (Singaporeans/PR), or S$90,000 for foreigners with Employment Pass.
• For existing Standard Chartered credit card holders, no documents are required (unless your income has changed).
• New customers can use MyInfo via SingPass for a seamless application process—no paperwork needed.
• Submit your application online and wait for instant approval.
• Once approved, choose where you want the cash to be credited and receive your funds quickly.

What We Like

One major advantage is the exceptionally low advertised interest rate starting at 1% p.a. (subject to profile), which is among the lowest for personal loans in Singapore. The instant approval and ability to receive funds immediately in your Standard Chartered account add great convenience for those needing fast cash.

The cashback on offer—up to 3% for new customers—makes this loan stand out for those with larger borrowing needs. The absence of late penalties for clients who have consistently paid for 6 months is another consumer-friendly feature.

What to Look Out For

Applicants should note the first-year annual fee of S$199, deducted upfront from the loan. Early repayment comes with a fee—S$150 or 3% of the remaining balance, whichever is higher. Not all applicants will qualify for the lowest rates, as approval and rate depend on your credit profile and income.

Also, for existing Standard Chartered credit card holders, the loan draws down from your credit limit, which may affect your card spending power.

Verdict

The Standard Chartered CashOne Personal Loan is a versatile and competitive option for individuals seeking a personal loan in Singapore. The combination of high cashback, low interest rate potential, and swift approval make it well-suited for large or urgent financing needs. As with all personal loans, always consider the terms and ensure you are comfortable with the fees before applying.