Why should I get Standard Chartered Quick Cash EDGE Personal Loan?
You can start planning for tomorrow with this hassle-free personal loan that charges a low fixed interest rate throughout the tenure. It's very straightforward; you apply Quick Cash EDGE personal loan online today and get approved within the next few days.
Once you have received the money, you can disburse it and start repaying the instalment the following month until the personal loan is finally paid off or reaching maturity, whichever is earlier.
How much money can I borrow?
Quick Cash EDGE personal loan offers borrowing from RM3,000 to RM250,000 for periods between 1 to 7 years. Standard Chartered does not charge processing fee on your Quick Cash EDGE personal loan, you only need to pay a Stamp Duty fee of 0.5% on the total borrowed amount.
How fast can I get my money after applying for this personal loan?
Standard Chartered may take a few business days to process your Quick Cash EDGE Personal Loan application. Once the personal loan application has been approved, you will receive your money in the bank account of your choice.
What is my monthly commitment?
Since it is a fixed rate personal loan, your monthly repayment will be not be affected by the hike in the bank's base rate, unlike a floating interest rate. So, every month you will have a peace of mind of making a fixed monthly instalment until the end of your personal loan tenure.
Should you late in your repayment by a month, you will be charged 1% penalty on the unpaid loan amount.
Can I get penalized for settling my Quick Cash EDGE Personal Loan early?
You can settle your loan off anytime before the agreement ends. There is no penalty for early redemption of the personal loan, although Standard Chartered reserves the right to charge you for any costs, fees or interest incurred in connection with the cancellation.
What documents I need prepare for Quick Cash EDGE Personal Loan application?
As this is an unsecured personal loan, you don't need to find a guarantor or standby a collateral to back up the application. All you need to prepare is 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, OR
- Latest EPF statement, OR
- Latest BE Form (Full Submission to LHDN)
Self-Employed (max age 65 years)
- Copy of NRIC (front and back)
- Photocopy of Business Registration Form (Form 9,24, and 49), OR
- Latest EPF Statement, OR
- Latest 6 months bank statements
Am I qualified to apply for Standard Chartered personal loan 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 personal loan application if you can show that you are managing your personal finances, rather than accumulating more debt.