• Borrow up to 2x monthly salary (Annual Income $20,000 to $29,999), borrow up to 4x monthly salary (Annual Income $30,000 and above), borrow up to 8x monthly salary (Annual Income $120,000 and above)
• Loan Repayment Period of 12 – 60 months
• 9.80% to 10.80% p.a. Interest Rate and 20.92% to 27.56% p.a. EIR (Annual Income $20,000 to $29,999), 6.88% to 8.58% p.a. Interest Rate and 12.75% to 19.34% p.a. EIR (Annual Income $30,000 and above), 4.98% p.a. Interest Rate and 7.76% to 9.52% p.a. EIR (Annual Income $120,000 and above)
• Processing fee of $199 for the first year (waived for online applications), and $50 for each subsequent year (can be waived if borrowers made timely repayments)
• Suitable for borrowers who are looking for large loan amounts with low interest rates

Standard Chartered provides loans for Singaporeans with a minimum annual income of $20,000 and $60,000 for foreigners with an employment pass. They are able to provide cash a day after the loan approval and offer several rebates and cashbacks which will be explained below.

The bank offers a maximum loan amount of 2x monthly salary for annual income below $30,000 and their minimum required loan amount is $1,000. Processing fee of $199 applies for the first year (waived for online applications), and $50 for each subsequent year (which can be waived for borrowers who make repayments on time).

For borrowers with an annual income of $120,000 and above, they can borrow up to 8x of their monthly salary. Standard Chartered charges a flat interest rate of 4.98% p.a. and EIR of 7.76% to 9.52% for larger loans of up to $50,000.

For borrowers with an annual income of $30,000 and above, they can borrow up to 4x of their monthly salary. Interest rates are at 6.88% to 8.58% p.a. for loan tenures of 1 to 5 years with longer loan tenures having lower interest rates. EIR for the loans range from 12.75% to 19.34% p.a. and again, with lower percentages for longer loan tenures.

For borrowers with an annual income of $20,000 to $29,999, they can borrow up to 2x of their monthly salary. Interest rates range from 9.80% to 10.80% p.a. with lower rates for shorter terms. EIR however, is the opposite. EIR ranges from 20.92% to 27.56% p.a. with higher rates for shorter terms.

Standard Chartered also provides cashback to their clients. Maximum cashback amount of $2,088 for new Standard Chartered clients and a maximum cashback amount of $1,088 for existing clients.