Standard Chartered Debt Consolidation Plan

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Key Features

  • 3.48%
    Interest Rate*
  • up to 10 years
    loan tenure
  • S$199
    Processing Fee

Other Features

  • Enjoy as low as 3.48% p.a. interest rates
  • Bonus: 6% cashback on your approved loan when you refinance your current DCP with SCB
  • Termination cost of your existing DCP (with other banks) will be covered by SCB’s 6% Cashback
  • Loan tenure of 3-10 years
  • Only one-time processing fee of S$199

Eligibility

Singaporean/PR Minimum Income
  • Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.
Non-Singaporean Minimum Income
  • Card application is subjected to customers meeting the regulatory minimum income requirement and internal assessment.

Fees and Charges

  • Late Payment Fee: S$100
  • Partial Repayment Penalty: No partial repayment allowed
  • Full Repayment Penalty: S$250 or 5% of the outstanding principal, whichever is higher

Review

By LOANPANDA

Standard Chartered’s Debt Consolidation Plan offers a low interest rate of 3.48% p.a., with loan tenures up to 10 years. Enjoy a one-time processing fee of only S$199 and receive a bonus 6% cashback when refinancing with SCB. The plan also covers the termination cost of your existing DCP with other banks.

However, late payment fees of S$100 and a full repayment penalty of S$250 or 5% of the outstanding principal apply. Eligibility is subject to regulatory minimum income requirements and internal assessment.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.

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