Standard Chartered CashOne Loan | Low Interest Loans Singapore

Loans | Personal Loans

Aside from the floor-grazing interest rates, the CashOne promises many promos that will make it worthwhile to apply. Standard Chartered CashOne Personal Loan is a personal installment loan giving you one of the market’s lowest guaranteed flat interest rates. The interest rate is 3.48 percent p.a. The guaranteed low-interest rate is an excellent financing solution.  It can help you pay off high-interest debt or enable cash flow when you reach a hurdle. 

Terms & Conditions of the Standard Chartered CashOne Personal Loan

The Interest rates start at 3.48 percent per annum (EIR 6.95 percent p.a). And the loan terms range from one to five years. The maximum loan amount is up to four times your monthly salary, with a maximum loan sum of $250,000. Along with a minimum loan amount of $1,000. If you are thinking about the time for approval, you will be happy to know that you get Instant approval with Standard Chartered. 

Why should you take the Standard Chartered CashOne Personal Loan?

On the market, this is the lowest flat interest rate available. Standard Chartered’s CashOne Personal Loan is a market beater, with interest rates starting at 3.48 percent p.er annum. It performs a fast search and comparison with other personal loans. And you’ll quickly realize they range from 4 percent to 7 percent p.a. The numerical difference may appear minor on paper, but when applied to a significant loan amount, you may be surprised at how much interest payment you’ll save throughout the loan term.

For applicants of Standard Chartered’s CashOne Personal Loan, you may not only receive rapid approval, but you may also receive cash in your designated bank account in as little as 15 minutes. This is a critical feature if you are in an emergency situation and require an immediate cash cushion. Also, historically, Standard Chartered Bank has offered large cashback promotions to personal loan applicants in order to cover the first year charge. 

Other Costs

• Processing fee: $199 for the first year, $50 for each year after that (waived if all payment is received by the due date for the past 12 months)
• Early repayment penalty: $150 or 3% of the outstanding principal amount, whichever is greater.
• Default interest: An additional 4% p.a. to the original EIR on the full outstanding balance.
• Late payment penalty: $100 for each monthly repayment not received in full by the due date, plus a charge of EIR 25.9 percent p.a. (0.071 percent per day) on the balance of the missed monthly installment payment.

Eligibility Criteria 

You have to be between the age of 21 and 65 years. For Singapore nationals and permanent residents, the minimum income requirement is at least $30,000 yearly. And for foreigners, the minimum income is at least $60,000 per year.

Who is the Standard Chartered CashOne Personal Loan best suited to?

The Standard Chartered Bank’s CashOne is as close as you can get to the best low-cost interest loan. Especially with its low-interest rate and promotions. This personal loan is intended for people who have fallen on hard times and need financial assistance to get back on their feet. 

The important pros for taking up this loan are that you get easy cash disbursement with interest rates as low as 3.48% p.a. It comes with heavy promo offers. And you can borrow as low as $1000. 

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