Why should I get Standard Chartered CashOne Personal Loan?
This unsecured and flexible personal loan not only charges you a low and 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 make a repayment of 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 personal loan for any reason, this will reduce your credit card limit.
How much money can I borrow?
Standard Chartered CashOne Personal Loan offers borrowing amount from RM3,000 to RM250,000 for loan periods between 1 to 5 years.
Standard Chartered does not charge a processing fee, early settlement fee and 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 and charges for this Standard Chartered Personal Loan?
Applying for CashOne Personal Loan is easy and affordable as there are no Stamp Duty fee and Processing Fee once your personal loan application is approved.
You can also settle your debt consolidation loan off 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 installment payments begin the month following the date you have received your money, until the end of your personal loan tenure.
Do I get penalized for being late on my CashOne Personal Loan payment?
Being late on your monthly installment 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 additional interest at the rate of 1% per annum, calculated on daily rest.
What documents do I need to prepare for 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:
Salaried Employee (max age 60 years)
- Copy of NRIC (front and back)
- Latest 1-month salary slip, AND
- Latest EPF statement from Standard Chartered Bank handheld device
Self-Employed (max age 65 years)
- Copy of NRIC (front and back)
- Latest B / BE form with LHDN acknowledgement, OR
- Latest 6 months' company bank statements and SSM validity of 60 days
- Selected side income documents such as commission income
Am I qualified to apply for Standard Chartered CashOne if I'm blacklisted?
Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).
Assuming you have poor credit standing due to irregular payments, the best course of action 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 personal finances, rather than accumulating more debt.