Not every personal loan needs to be complicated to be worth considering. The Standard Chartered CashOne Personal Loan has built its reputation on doing the basics well—one of the lowest advertised interest rates in the market, instant approval, and cash in your account within minutes. For borrowers who just want a fast, no-frills way to access funds without wading through fine print, that combination goes a long way.
But a low headline rate is only part of the story. In this review, we break down the CashOne Personal Loan's rates, fees, eligibility, and application process, and see how it stacks up against other personal loans in Singapore—so you can decide if it's the right fit for your borrowing needs.
[ms-toc title="Standard Chartered CashOne Personal Loan—MoneySmart Review (2026)"]
1. Overview: What is the Standard Chartered CashOne Personal Loan?
The CashOne Personal Loan is Standard Chartered's flagship unsecured personal loan, structured as an instalment loan on a dedicated credit facility. It's built for speed: applications are completed online via Singpass MyInfo, approval is instant, and funds are typically disbursed within 15 minutes to your nominated bank account.
Borrowers can access between $1,000 and 4 times their monthly income, or up to 8 times their monthly income if they earn $120,000 or more a year, capped at $250,000 overall. Loan tenures range from 1 to 5 years, with fixed monthly instalments throughout. The loan comes with $0 processing fees, though there's a first-year annual fee that applies from the outset—more on that below.
One detail worth knowing upfront: existing Standard Chartered principal credit cardholders can skip most of the paperwork entirely, since their existing credit relationship with the bank speeds up assessment considerably.
 (1).png)
Per Month
S$285
- Interest Rate
EIR*: From 1.75% p.a. - From 0.90% p.a.
- Total Amount Payable
- S$10,270
- Processing Fee
- S$0
- Per Month
- S$285
Sign up via MoneySmart and claim:
Up to S$5,725 Cash OR 19,050 SmartPoints (enough to redeem Apple iPhone 17 Pro Max and more) T&Cs apply.
Bonus promotion:
- Up to 1.61% cashback of your loan amount
- Only applicable to loans over S$18,000 with a 3 to 5 year tenure
- New-to-card and new-to-loan customers only
T&Cs apply.
2. Interest rate: How much does it cost to borrow?
Standard Chartered advertises the CashOne Personal Loan at an interest rate from 0.90% p.a., with an effective interest rate (EIR) from 1.75% p.a.—among the lowest headline rates of any personal loan in Singapore right now. As with most personalised lending products, your actual rate depends on your credit profile, loan amount, and chosen tenure, so the advertised figure represents the best-case scenario rather than a guarantee.
Here's how CashOne compares with other bank personal loans in Singapore, based on a $10,000 loan over 12 months:
*Figures are based on published rates and may change. Actual rates and offers depend on your personal credit assessment and the latest promotions.
Worth noting: CashOne's EIR calculation doesn't yet factor in the first-year annual fee of $199, which is deducted upfront from your disbursed loan amount. Once that's accounted for, the effective cost edges up slightly—still competitive, but a detail to keep in mind when comparing across banks on a pure EIR basis.
ALSO READ: What is Effective Interest Rate (EIR) and Why Does It Matter?
3. Fees and charges
The CashOne Personal Loan's fee structure is fairly lean on the processing side, but there are a few charges worth budgeting for.
The first-year annual fee is deducted upfront from your disbursed amount, so on a $10,000 loan you'll receive $9,801 in hand—worth factoring in if you're counting on a precise amount landing in your account. On the plus side, keeping up with your instalments for a full year gets you the $50 second-year fee waived, which rewards borrowers who stay on track.
Partial prepayments aren't allowed under this loan—if you want to pay down your balance ahead of schedule, you'll need to settle the loan in full, which triggers the early repayment fee.
4. How much can you borrow?
The CashOne Personal Loan scales with your income. Most borrowers can access up to 4 times their monthly income, while those earning $120,000 or more annually can borrow up to 8 times their monthly income. Across all income tiers, the overall loan ceiling is capped at $250,000, with a minimum loan size of $1,000.
Loan tenures run from 1 to 5 years, which is in line with most other bank personal loans in Singapore (HSBC is the outlier, offering up to 7 years). A longer tenure spreads your repayments out and lowers your monthly instalment, but you'll pay more in total interest over the life of the loan—so it's worth weighing tenure against your overall borrowing cost, not just the monthly repayment figure.
5. Eligibility criteria: Who can apply?
The CashOne Personal Loan is open to Singaporeans, Permanent Residents, and foreigners holding a valid Employment Pass, though the income bar differs depending on your citizenship status.
- Age: 21 years and above
- Citizenship / residency: Singapore Citizens, Permanent Residents, and foreigners holding a valid Singapore Employment Pass
- Employment: Salaried employees, variable/commission-based earners, or self-employed
- Minimum annual income:
- Singaporeans / PRs: $30,000
- Foreigners: $90,000 (must also hold a valid Singapore Employment Pass)
This puts the foreigner income requirement on the higher end compared to some other banks—worth keeping in mind if you're an expatriate borrower comparing across personal loans in Singapore. For Singaporeans and PRs, however, the $30,000 threshold is fairly accessible and in line with the rest of the market.
Existing Standard Chartered principal credit cardholders generally won't need to submit fresh supporting documents, since their income and credit information is already on file with the bank.
ALSO READ: If You Can Afford Something, Should You Still Take a Loan to Get It?
6. How to apply for the Standard Chartered CashOne Personal Loan
Applying for CashOne is designed to be quick and mostly paperless, especially if you're applying via Singpass MyInfo.
- Apply online via MyInfo: Head to the CashOne Personal Loan page and start your application using Singpass MyInfo, which pre-fills your personal and income details.
- Submit supporting documents (if required): New applicants or those with recent changes in income/employment may need to upload a payslip, CPF contribution history, or Notice of Assessment. Existing Standard Chartered principal cardholders typically skip this step.
- Receive instant approval: Approval-in-principle is typically shown within minutes of submission.
- Get your funds: Once approved, disbursement is instant if you hold a Standard Chartered account, or within about 15 minutes for other local bank accounts.
Tip: Applying through MoneySmart via MyInfo not only speeds up your application but also means you can apply for the exclusive MoneySmart sign-up promotions listed below.
7. Ongoing promotions and offers
Per Month
S$285
- Interest Rate
EIR*: From 1.75% p.a. - From 0.90% p.a.
- Total Amount Payable
- S$10,270
- Processing Fee
- S$0
- Per Month
- S$285
Sign up via MoneySmart and claim:
Up to S$5,725 Cash OR 19,050 SmartPoints (enough to redeem Apple iPhone 17 Pro Max and more) T&Cs apply.
Bonus promotion:
- Up to 1.61% cashback of your loan amount
- Only applicable to loans over S$18,000 with a 3 to 5 year tenure
- New-to-card and new-to-loan customers only
T&Cs apply.
Applying for the CashOne Personal Loan through MoneySmart currently comes with a couple of stackable perks.
Sign up via MoneySmart and you can claim up to $1,700 cash or up to 19,050 SmartPoints (enough to redeem an Apple iPhone 17 Pro Max and other gifts from the Rewards Store), depending on your approved loan size. This promotion runs from 13 Jul 2026 to 31 Jul 2026, and is open to both new-to-bank and existing Standard Chartered customers.
On top of that, there's a stackable cashback promotion: get up to 1.61% cashback on your borrowed amount when you apply for a CashOne Personal Loan of at least $18,000 with a tenure of 3 to 5 years. This runs from 13 Jul 2026 to 30 Sep 2026.
As always, check the latest terms and conditions before applying, as promotional periods and reward tiers may change.
8. Pros and cons of the Standard Chartered CashOne Personal Loan
Overall, the CashOne Personal Loan is well suited to borrowers who want one of the cheapest headline rates around and are comfortable committing to full, on-time repayments each month.
9. MoneySmart verdict
The Standard Chartered CashOne Personal Loan earns its place among Singapore's most competitive personal loans thanks to a genuinely low headline rate, zero processing fees, and one of the fastest disbursement times on the market. For borrowers who value speed and a straightforward digital application, it delivers on both fronts.
The trade-offs are worth knowing before you apply. The first-year annual fee is deducted from your loan amount, partial prepayments aren't an option, and foreigners face a higher income bar than at some other banks. None of these are dealbreakers, but they do shape how much flexibility you'll have once the loan is in place.
If you meet the eligibility criteria, value a fast and predictable borrowing experience, and don't anticipate needing to make partial repayments along the way, the CashOne Personal Loan is well worth considering alongside other personal loans in Singapore.
Not sure if the Standard Chartered personal loan is right for you? Take a look at all the best personal loans in Singapore.
Related Articles
