Why should I get a Standard Chartered CashOne Personal Loan?
This unsecured and flexible personal loan not only charges you a flat interest rate but also automatically converts your monthly repayments into a credit card limit, giving you more access to cash on your Standard Chartered Platinum credit card.
For example, when you repay RM10,000 on your RM25,000-worth CashOne Personal Loan, the repaid amount will be added to your credit card limit.
This facility works both ways; should you wish to top-up your loan for any reason, this will reduce your credit card limit.
How much money can I borrow?
Standard Chartered CashOne Personal Loan offers borrowing amounts from RM3,000 to RM200,000 for loan periods between one (1) to five (5) years.
Specifically, new Standard Chartered Credit Card holders are eligible for loan amounts up to RM150,000, while existing credit card holders are eligible for up to RM200,000.
Standard Chartered does not charge a processing fee, early settlement fee or Stamp Duty fee on your CashOne personal loan.
How fast can I get my money after applying for this personal loan?
Standard Chartered may take a few business days to process your CashOne personal loan application.
Once the personal loan application has been approved, you will receive your money in the bank account of your choice.
What are the fees for this Standard Chartered Personal Loan?
Applying for a CashOne Personal Loan is easy and affordable as there are no Stamp Duty Fees or Processing Fees once your loan application is approved.
You can also settle your debt consolidation loan anytime before the agreement ends as there is no penalty for early termination of the loan agreement.
What is my monthly commitment?
Your monthly repayment schedule will be detailed in your application approval document. In most cases, your instalment payments begin the month following the date you have received your money, until the end of your personal loan tenure.
Do I get penalised for being late on my CashOne Personal Loan payment?
Being late on your monthly instalment payment is not advisable when you are committing to a loan as you will incur unnecessary charges on your outstanding balance.
Any default in payment shall be subjected to the additional interest of 1% per annum, calculated on daily rest.
What documents do I need to prepare for the CashOne Personal Loan application?
As this is an unsecured personal loan, you don't need to find a guarantor or standby collateral to back up the application.
All you need to prepare are several personal and income documents with your application form such as the following.
If you are a salaried employee, please prepare the following documents:
Individuals who are new to Standard Chartered Credit Card
- Copy of your IC (front and back); and
- The latest downloaded 2023 and 2024 full EPF Statement from the KWSP i-Akaun website/app (in PDF)
Individuals who have an existing Standard Chartered Credit Card
- The latest downloaded 2023 and 2024 full EPF Statement from the KWSP i-Akaun website/app (in PDF)
If you are a non-fixed-income earner, please prepare the following documents:
Individuals who are new to Standard Chartered Credit Card
- Copy of your IC (front and back); and
- The latest downloaded 2023 and 2024 full EPF Statement from the KWSP i-Akaun website/app (in PDF)
Individuals who have an existing Standard Chartered Credit Card
- The latest downloaded 2023 and 2024 full EPF Statement from the KWSP i-Akaun website/app (in PDF)
- The latest Form B/BE and the Acknowledgement Summary Page
If you are self-employed, please prepare the following documents:
Individuals who are new to Standard Chartered Credit Card
- Copy of your IC (front and back); and
- The latest 6 months' company bank statements; or
- The latest Form B/BE and the Acknowledgement Summary Page
Individuals who have an existing Standard Chartered Credit Card
- The latest 6 months' company bank statements; or
- The latest Form B/BE and the Acknowledgement Summary Page
Note: The Bank may request additional document(s) as a part of the credit check if required.
Am I qualified to apply for Standard Chartered CashOne if I'm blacklisted?
Depending on your credit history with other financial institutions, all this information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collects credit information on borrowers, not blacklisting them).
Assuming you have poor credit standing due to irregular payments, the best course would be to break the habit and start making your payments on time to avoid future hurdles.
Standard Chartered is more likely to approve your Standard Chartered CashOne application if you can show that you are managing your finances, rather than accumulating more debt.
