Standard Chartered CashOne
Enjoy low rates starting at 1.08% p.a. with EIR from 2.09% p.a. Get up to S$9,700 cashback and instant approval on your personal loan.
Standard Chartered’s CashOne Personal Loan stands out in Singapore with its impressively low interest rate from 1.08% p.a. (applied rate), while the effective interest rate (EIR) starts from 2.09% p.a. Borrowers can enjoy special cashback of up to 3.88% (or S$9,700 for the highest loan amount), making this offer particularly attractive. The loan amount ranges from S$1,000 up to S$250,000 with flexible tenures between 1 and 5 years. New applicants will need a minimum annual income of S$30,000, and an annual fee of S$199 is deducted from the disbursed loan amount in the first year.
How to Apply: Step by Step
- Check you meet the eligibility criteria: age 21+, Singaporean/PR or foreigner (with higher income).
- Prepare your NRIC and income documents, unless you are an existing Standard Chartered credit cardholder.
- Submit an application using MyInfo via SingPass for faster approval or through the bank’s online portal.
- Select your desired loan amount and tenure, review the offered rate and cashback, and submit your application.
- Upon approval, funds are credited directly to your account.
Pros: Main Advantages
The competitive flat rate of 1.08% p.a. is one of the lowest among personal loans in Singapore, which helps reduce your overall borrowing costs.
Instant approval and quick disbursal—sometimes within minutes—ensure you get access to funds as soon as you need them. The up to 3.88% cashback maximises value especially for larger loans.
Cons: What to Consider
The first-year annual fee of S$199 reduces the actual amount you receive and increases your total borrowing cost, although EIR reflects this.
Eligibility for the best rates and highest cashback depends on your credit score, income, and loan amount. Smaller loans below S$15,000 receive a lower cashback rate.
Verdict: Should You Apply?
CashOne offers a compelling mix of low rates, high cashback, and immediate approval. If you qualify for the best rates and need a personal loan with fast access to cash, this promotion is a top contender in the Singapore market. Still, review all charges and compare with alternatives before applying.
