Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Personal Loan BYTES FROM OUR KITCHEN

    Standard Chartered Personal Loan

    Standard Chartered is a leading banking institution in Malaysia that enjoys a strong presence globally. The bank caters to commercial banking, consumer banking, investment banking and also offers wealth management services among others. The personal loan packages offered by Standard Chartered are a popular and sought-after choice by many. This is largely due to the higher margin of financing offered by the loans and the competitive interest rates it comes with. The loans are easier to repay and can serve a multitude of expenses making it an ideal choice for anyone looking for additional finances to bridge the gap between their income and their expenses.


    You’re probably eligible for an Standard Chartered Bank Personal Loan if you are

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     Standard Chartered Bank Personal Loan Minimum Age

    At least 21 years old

    Standard Chartered Bank Personal Loan Maximum Age

    Less than 65 years old

    Standard Chartered Bank Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

     Standard Chartered Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Standard Chartered Bank Personal Loan amount eligibility is based on these factors

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    Standard Chartered Bank Personal Loan Minimum Salary

    Minimum income required
    RM 2,000

    Standard Chartered Bank Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is RM 250,000

    Standard Chartered Bank Personal Loan Installments

    Installments of other loans lower
    your eligibility


    Increase your eligible Standard Chartered Bank Personal Loan amount by these steps

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    Standard Chartered Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

     Standard Chartered Bank Personal Loan Tenure

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for Standard chartered Bank Personal Loan

    • 1.Copy of NRIC
    • 2. Copy of latest three (3) months pay slip
    • 3. Latest EPF statement
    • 4. Employment Confirmation Letter
    • 5.Other related documents

    Standard Chartered Bank Personal Loan Interest RatesUpdated on 18 Jan 2018

    Standard Chartered Bank Personal Loan Details
    Minimum Income RM 2,000
    Tenure 5 years
    Guarantor Requirement No Guarantee Required

    Types of Standard Chartered Personal Loan

    Standard Chartered Personal loans come in 2 main packages which are as follows

    1. Standard Chartered CashOne Personal Loan: This loan is an unsecured loan which does not require any guarantor or collateral. The loan is designed for cash consumption and has no specific purpose. The loan amount can be used in any way deemed fit by the borrower. The loan offers flexible repayment tenures and comes with attractive interest rates making it easier to repay.
    2. Standard Chartered Quick Cash EDGE: This loan package from Standard Chartered allows borrowers to use the amount obtained for any type of expense. The loan is designed for cash consumption and is an ideal choice for borrowers who are in need of finances in a hurry. The loan comes with quick approval times. The loan offers a high loan amount that can serve a multitude of various expenses.

    Features and benefits of the Standard Chartered Personal Loan

    Following are the features and benefits of the personal loan packages offered by Standard Chartered:

    • The loans are an unsecured product and do not require a guarantor or collateral.
    • The loans have a hassle-free application process and come with quick approval times making it an ideal choice for those borrowers who are in need of additional funds in a hurry.
    • The loans have flexible repayment tenures. Based on the loan amount chosen, borrowers can enjoy tenures from 1 to 5 years.
    • Borrowers can choose a tenure that provides them with an affordable instalment that can easily be repaid.
    • The Quick Cash EDGE personal loan package comes with a high maximum loan amount of up to RM250,000.
    • The EDGE package has a minimum tenure of 2 years when the loan amount borrowed is less than RM15,000.
    • The CashOne personal loan package is a one-of-a-kind loan package which provides the borrower with a Standard Chartered Visa Platinum credit card.
    • The credit card is free and charges no annual fees. The card is provided so that borrowers can manage their finances more effectively and still be able to pay the monthly instalments.
    • The interest rates offered by the loans are flat rate and competitive making the loan affordable.
    • The loan is free from additional charges or hidden charges. The loan does not charge any processing fees or any early settlement fees.

    Interest Rates for Standard Chartered Personal Loan

    The interest rates charged by both, CashOne package and the Quick Cash EDGE package start at 0.583% per month or 6.99% p.a. The interest rate charged is a flat rate. The effective interest rate offered will depend on the loan amount, the tenure and the eligibility of the borrower.

    Standard Chartered Personal Loan Fees and Charges

    Fee Type Amount
    Processing fees (CashOne and Quick Cash EDGE) No charge
    Early settlement fee (CashOne) No charge
    Early settlement fee (Quick Cash EDGE) Written notice to be sent to bank one month in advance
    Late payment fee 1% p.a. on the overdue amount calculated and charged on a daily basis until fully repaid

    Standard Chartered Personal Loan Eligibility Criteria

    • Nationality criterion: The loan is available to Malaysian citizens and Permanent Residents working and residing in Malaysia
    • Age criteria:
      • Minimum age: The borrower must have attained a minimum age of 21 years
      • Maximum age: The borrower must not exceed the maximum age of 60 years
    • Income criteria: The borrower can either be a self-employed applicant or a salaried applicant earning a minimum annual income of RM36,000

    Documentation needed to apply for Standard Chartered Personal Loan

    Salaried applicants:

    • A copy of the applicant’s MyKad
    • A copy of the most recent one month computerised salary slip
    • A copy of the most recent one month bank statement
    • A copy of the most recent EPF statement or
    • A copy of the most recent Borang BE with tax payment receipt

    Commission-based applicants:

    • A copy of the applicant’s MyKad
    • A copy of the latest 3 months’ computerised salary slip
    • A copy of the latest 3 months’ bank statement
    • A copy of the latest EPF statement or
    • A copy of the latest Borang BE with tax payment receipt

    Self-employed applicants:

    • A copy of the applicant’s MyKad
    • A copy of the Business registration certificate and Form 9, 24, and 49
    • A copy of the latest 6 months’ bank statement
    • A copy of the most recent EPF statement or
    • A copy of the most recent Borang BE with tax payment receipt

    Standard Chartered Personal Loan Calculator

    If you want to apply for a personal loan from Standard Chartered Bank, then you can find out your tentative installment on bbazaar.my website. By entering details like rate of interest, desired loan amount and tenure, you can find out what is the required monthly installment. This information will help you decide whether you can afford the Standard Chartered personal loan or not. The amortization table that the Loan calculator shows can help you learn about the outstanding loan amount and the balance interest. These details are useful in planning your finances efficiently and in advance before going for personal finance. The input parameters like loan amount and tenure can be adjusted to reach that optimum value of loan installment which is most suitable to your monthly budget.

    How to apply for Standard Chartered Personal Loan Online?

    Borrowers who wish to acquire a Standard Chartered Personal Loan can visit the Standard Chartered website, navigate to the desired personal loan package and click on the ‘Apply Online’ option. Doing so will take them to a web page wherein they are required to enter key data and begin the application process. Borrowers must submit the duly-filled application form online along with the required documents for the loan to be successfully approved.

    Borrowers can also call on the Standard Chartered Hotline at 1300 888 888 to receive further information and assistance regarding the application process. Borrowers interested in the loan can also book an appointment for application by clicking on the e-Appointment link found on the Standard Chartered website.

    Alternatively, borrowers can visit their closest Standard Chartered bank and request for a loan application form to initiate the application process.

    Standard Chartered Personal Loan FAQs

    Q. Does the borrower receive a free credit card with either of the personal loan packages?

    A. No. The borrower will only receive the Standard Chartered Visa Platinum Credit Card when they opt for the CashOne personal loan package.

    Q. Is there any annual fees that is payable towards the card?

    A. No. The card does not charge any annual fee. Borrowers are however required to pay the interest rate charged on retail transactions or cash withdrawals made using the card.

    Q. Does the card have an interest-free period?

    A. Yes. The card has a 20 days interest-free period. Transactions made and fully repaid within this period are exempt from incurring any retail interest charges.

    Q. Can the card be used to carry out overseas transactions?

    A. Yes. However, overseas transactions carry an additional charge. These transactions carried out in different currencies are converted to Malaysian Ringgit using an exchange rate determined by Visa International and carry a 1% administrative charge on the converted amount imposed by the bank.

    Q. Do the loan packages have any form of lock-in period?

    A. No. The loan packages do not have any form of lock-in period. The borrower can choose to settle a loan amount at any time before the loan attains maturity without having to worry about incurring any prepayment charges.

    Q. Does the Quick Cash EDGE loan package charge an early settlement fee?

    A. No. The loan does not charge an early settlement fee but borrowers are required to send in a written notice to the bank on their intentions of settling the loan earlier than the specified tenure at least one month in advance to the date of intended settlement.

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