Standard Chartered CashOne Personal Loan is a personal instalment loan with one of the lowest guaranteed flat interest rates of 3.88% p.a in the market. The guaranteed low interest rate is a great financing option that can help you borrow money for big ticket purchases and/or clearing off high interest debt.
Standard Chartered CashOne Personal Loan comes with one of lowest flat interest rates of 3.88% p.a. The average flat interest rate in the market is around 6%-7% p.a. This practically means you can save thousands in interest by opting for this personal instalment loan.
Standard Chartered CashOne Personal Loan’s flat interest rate of 3.88% p.a. is guaranteed upon approval regardless of loan amount, tenure, income or credit history. The minimum salary to apply for this loan is S$30,000 for Singaporeans/PRs and S$60,000 for foreigners.
The first year annual fee for Standard Chartered CashOne Personal Loan is $199, but can be offset with up to $388 in cash upon approval for every 10th applicant. This SingSaver exclusive promotion is valid till 28 Feb 2019. Subsequently, the annual fee of S$50 can be waived if monthly repayment is made on-time for the past 12 months.
Upon approval, your cash is available the next day in your account. This is critical for those looking for emergency or urgent financing options such as paying off medical bills.
However, if your annual income is above S$80,000, then you’re better off applying for the HSBC Personal Loan, which offers a 3.7% flat interest rate (depending on loan tenure).
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