Standard Chartered Bank Personal Loan

About Standard Chartered Bank

The Standard Chartered Bank was founded in 1875 on Beach Street in Penang and is Malaysia’s oldest and first bank. In addition, Standard Chartered Bank offers a wide range of financial products and services, including retail, corporate, and institutional banking, to individuals, small and medium-sized businesses, corporations, and institutions. Standard Chartered now has more than 30 branches throughout the country. After relocating from its previous location, Standard Chartered’s main headquarters or main branch is at Equatorial Plaza, Jln Sultan Ismail, 50250 Kuala Lumpur.

What is a personal loan?

A personal loan is a type of instalment credit provided by a financial institution (bank) to a borrower (you) in a one-time cash payment. You, as a borrower, must pay back the amount plus interest either in regular or monthly instalments over the loan’s term agreement. Personal loans can be divided into secured loans (backed by collateral) and unsecured loans (no collateral required).

What type of personal loan does Standard Chartered offer?

Standard Chartered provides 1 type of personal loan, which is Standard Chartered CashOne, a personal loan that comes with a credit card.

What are the eligibility to apply for Standard Chartered CashOne?

The eligibility for individuals to apply for Standard Chartered CashOne are as follows:

• Malaysian or Malaysian PR status holder
• Between 21 to 60 years (up to 65 years for self-employed)
• Minimum annual income of RM36,000
• Owns a credit card, personal loan, car loan, or home loan with any bank for more than 24 months

Why should I choose Standard Chartered CashOne?

There are numerous other reasons you should choose Standard Chartered CashOne:

• Standard Chartered Bank offers to finance amounts up to RM250,000
• The repayment tenure is offered up to
• 7 years (existing customer)
• 5 years (new-to-bank)
• Interest rates are as low as 5.5% p.a.
• 100% disbursement with low monthly instalments
• Monthly repayments will be converted into a credit card limit

What are the benefits I can enjoy from Standard Chartered CashOne?

Standard Chartered CashOne can provide you with the following benefits:

• No stamp duty, no processing fee, no hidden charges, and no early settlement fee
• No guarantor or collateral is required
• Flexible repayment tenure up to 7 years (existing customer) and 5 years (new-to-bank)
• Instant cash disbursement upon approval

*Terms and conditions apply.

What are the documents required for Standard Chartered CashOne?

When applying for Standard Chartered CashOne, the following documents are required:

• Salaried employees
• Copy of NRIC (front and back)
• Latest EPF statement
• Latest 1-month salary slip
• Self-employed
• Copy of NRIC (front and back)
• The Latest B/ BE form with LHDN acknowledgement, or
• Latest 6 months company’s bank statement and SSM validity of 60 days
• Selected side income documents such as commission income

What are the fees included in Standard Chartered CashOne?

Certain fees apply, including:

• Stamp duty

  None

• Processing fee

  None

• Late payment fee

  None

• Early termination fee

  None (1 month’s written notice in advance)

Who should I contact for further information about Standard Chartered CashOne?

For more information or assistance with Standard Chartered CashOne, you can

• Contact +60377118888 or 1-300-88-8888
• Visit Standard Chartered Bank branches near you

What are the common terms of personal loan?

• Per Annum (p.a.)

  The interest rate over one year with the assumption that interest is compounded annually.

• Tenure

  The period you must repay your loan.

• Principal

  Principal is commonly known as the loan amount you requested from the bank.

• Interest rate

  Principal is commonly known as the loan amount you requested from the bank.

• Instalment

  Instalment is the fixed amount you must repay your personal loan every month until the term expires.

• Penalty

  A fee that a bank will levy on your overdue amount if you are late with your repayment.

• Default

  The term used to describe a situation in which a personal loan is not paid off for more than three months.