SingPost - ezyCash Personal Loan

Get $8,000 for just $10^ a day.

Fulfilling your dream is ezy. Whether you are giving your home a new look, pursuing your education or helping your child fulfill his ambition, it is all within reach with ezyCash.

Product Features
Eligibility & Application
Interest Rates & Fees
Payment Channels
Important Things To Note
Other Information

^Calculated at an interest rate of 15.88% p.a. for a loan amount of $8,000 based on a 36- month loan tenor. Terms & Conditions apply.

Product Features

Low income requirement
Minimum annual income of $20,000 (equivalent to $1,667 per month). For foreigners, the annual income requirement is $60,000.

Cash of up to 4X your monthly income
Get up to a loan amount of $200,000 or 4 times your monthly income upon approval if your annual income is $30,000 and above. If your annual income is between $20,000 and $29,999, you can only apply for a loan amount of up to 2 times your monthly income.

Convenient access to cash
Your approved loan amount will be credited directly to your designated bank account.

Choose a repayment period that suits your needs
Choose one of 5 different loan tenors to repay your loan. Either 12, 24, 36, 48 or 60 months.

Free Platinum Visa Credit Card
Receive a Platinum Visa Credit Card with a 5-year annual fee waiver if you are earning an annual income of $30,000 and above. Here's what you can look forward to with your Platinum Visa Credit Card:

1. Live The Good Life™ with over 1,000 great deals islandwide from dining offers to shopping, travel and lifestyle benefits.
2. Enjoy 360° Rewards Points on all your card spends. You can redeem gifts, dining and shopping vouchers or convert your points to air miles.
3. 24-hour Platinum concierge service

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Eligibility & Application

Age
21-65 years

Minimum annual income
Singaporeans and Permanent Residents: $20,000
Foreigners with Employment Pass: $60,000

Employment Pass holders
Foreigners must be holders of P1, P2 or Q type Singapore
Employment Passes
(Q Pass holders must have minimum one year validity remaining on their pass)

Documents required
Copy of NRIC (front and back) OR Passport
Copy of Employment Pass (for foreigners only)

Income documents:

For customers without existing credit facility with any bank

1. Copy of last 6 months' CPF Contribution History Statement*

For salaried employee (any of the following documents)

1. Copy of current month's or previous month's computerised pay slip from current employer
2. Copy of last 6 months' CPF Contribution History Statement*
3. Copy of Income Tax Notice of Assessment*

For commission earners (any of the following documents)

1. Copy of latest 3 months' computerised payslips
2. Copy of last 6 months' CPF Contribution History Statement*
3. Copy of Income Tax Notice of Assessment*

For self-employed

1. Copy of latest Income Tax Notice of Assessment (must be in business for a minimum of 2 years)

* Must reflect at least 1 month's income earned from current employer

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Interest Rates & Fees

Interest Rates for ezyCash

Approved Loan Amount ($)
	20,000 and above		19,999 - 12,000		11,999 - 5,000		4,999 and below
Loan Tenor	Interest Rate (% p.a.)	EIR¹ (% p.a.)	Interest Rate (% p.a.)	EIR² (% p.a.)	Interest Rate (% p.a.)	EIR³ (% p.a.)	Interest Rate (% p.a.)	EIR⁴ (% p.a.)
1-Year	12.88	14.15	13.88	16.44	19.20	24.09	22.28	32.33
2-Year	12.88	13.55	13.88	15.24	19.20	21.82	22.28	27.71
3-Year	12.38	12.84	13.58	14.52	15.88	17.68	22.28	26.10
4-Year	12.38	12.74	13.58	14.31	15.88	17.28	22.28	25.28
5-Year	10.88	11.17	13.28	13.88	15.38	16.53	22.28	24.80

EIR: Effective Interest Rate, calculated taking into consideration the first year annual fee of $199
For illustration, EIR is calculated based on:
¹ average loan amount of $30,000
² average loan amount of $15,000
³ average loan amount of $8,000
⁴ average loan amount of $4,000

Fees and charges for ezyCash

Early redemption fee	5% of outstanding principal or $250, whichever is higher
Annual fee (first year)	$199 (deducted from approved loan amount)
Annual fee (from second year until expiry of loan tenor)	$50, waived if all instalment amount payments are received in full by the payment due date for the past 12 months
Late payment charges	$50 for balances of up to $3,000 $60 for balances of $3,000.01 and above
Finance charges	Effective interest rate of 24.455% p.a. If instalment amount payment is not made in full by the due date, finance charges will be calculated on a daily basis on the outstanding balance of the instalment amount from the statement date.
Default interest	4% p.a. will be added to the original effective interest rate ("EIR") on outstanding principal, if the instalment amount payment is not received by the payment due date in full twice within any consecutive 6 months period. The revised EIR will be reinstated to the original EIR if the instalment amount payment is received by the payment due date in full for 6 consecutive months.
Change of tenor	$50 per change

* Rates quoted are subject to change by Standard Chartered Bank without prior notice. Our customer Terms, Current/Cheque/Savings Account and Time Deposit Terms, Personal Loan/Personal Line of Credit/Overdraft Terms, Credit Card Terms and ezyCash Product Terms apply.

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Payment Channels

GIRO
Enjoy the convenience of paying your bills through automatic GIRO deductions. To apply, simply mail the completed GIRO form to Standard Chartered Bank.
CHEQUE
Please attach the original payment slip to your cheque and write your account number on the reverse side. Cheques should be crossed and made payable to Standard Chartered Bank.
CASH
Cash deposit via counters & Cash Deposit Machines at Standard Chartered Bank branches
ONLINE FUND TRANSFER
Online funds transfer from your Standard Chartered Bank Current/Savings Account to your Standard Chartered Bank ezyCash loan account

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Important Things To Note

Your loan amount will be up to 4 times your monthly income (subject to a cap of $200,000) depending on your credit history and annual income.

Annual Income	Maximum Limit	What You Will Receive
$20,000 to $29,999	Up to 2X monthly income	ezyCash loan
$30,000 and above	Up to 4X monthly income	ezyCash loan Platinum Visa Credit Card with 5-year annual fee waiver

Your existing credit facilities may be affected:

Your approved loan amount together with other unsecured credit facilities granted by Standard Chartered Bank will be subject to the maximum regulatory limit and up to a maximum of $200,000.
Your existing unsecured credit facilities with Standard Chartered Bank (including credit cards and personal line of credit) may be adjusted or cancelled accordingly.
If you are an existing cardholder of the Standard Chartered $500 Credit Card and your annual income is less than $30,000, your Standard Chartered $500 Credit Card account will be closed. If your annual income is $30,000 and above, you will be issued a Platinum Visa Credit Card.

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