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Standard Chartered Singapore

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Standard Chartered Singapore

Standard Chartered Bank in Singapore is a member of an international banking group which has more than 150 years of experience in some of the world’s most ever-changing markets. Their purpose is to drive commerce and prosperity through unique diversity and their values and heritage are expressed in their brand promise, Here for good. Standard Chartered has a history of 160 years where they opened their first bank in 1859 and in October 1999, they were among the first international banks to receive a Qualifying Full Bank (QFB) license.

In Singapore, they provide and support both individual and corporate needs to build wealth and drive commerce at every step of their journey. They can do this by providing a variety of financial services across personal, priority and private banking as well as their business, commercial and corporate banking. The bank has a network of 16 branches, 6 priority banking centers, and 29 ATMs.

Loan offered:

When you need cash for education, home improvements, or any personal use, Standard chartered provides you exciting loan packages. Standard Chartered offers loans at competitive interest rates and easy repayment methods which makes your experience hassle-free to live your dreams.

Standard Chartered offers two types of banking. Individual banking and banking for companies.

Individual Banking:

Standard Chartered has offered individual banking which allows customers to use local branches of larger commercial banks. This banking scheme allows customers to open savings and checking accounts, mortgages and personal loads also debit and credit cards and certificates of deposit.

Corporate Banking:

Corporate banking which is also known as business banking refers to the aspect of banking which deals with corporate customers. Standard Charted corporate banking allows businesses to grow and hire people by giving business loans which help in the expansion of the economy and the business itself.

Standard chartered Loan Services:

Personal Loan:

Personal loans are the most common types of loan that you can apply for, you apply for a specific loan amount from the bank to pay for the products, emergency or services you want. When your loan application is approved, you will get the exact amount that you applied for and then pay this amount back to the bank in regular monthly installments. Normally, Personal Loans have shorter repayment periods than other types of loans, ranging from 6 months to 10 years. They require low-income of RM $1,000, low-interest rate, no early settlement penalty, 48 hours approval and no hidden charges.

House Loan:

When you want to build your own house and need financial assistance you can apply for a home loan at Standard Chartered Bank which they have enhanced to offer a fixed monthly repayment with no processing fee for both completed and building under-construction properties. Standard Chartered also covers up to 75% of the financing you require to build your dreams home.

Debt Consolidation Loan:

Manage your finance with Debt Consolidation Plan with Standard Chartered Bank. The debt consolidation loan is a service that combines all loans into a single simple account. It benefits you many ways like you get longer tenure period, low-interest rate than usual, and low monthly repayment. You can choose your repayment plan from 3 years to 10 years. You can manage your repayment amount through online banking, cheque deposit, or cash deposit machine.  You will get a credit limit of 1X your monthly income for the daily expense. There is a $199 joining fee.

Interest Rates and Repayment Methods:

Almost every bank has their interest rates and standard chartered helps to offer lowest and competitive interest rates. Mainly the interest rate depends on the loan amount and the tenure period. Standard Chartered bank working loan capitals have the longest financing period of up to 10 years. The interest rate starts at 4%-7.5%. The monthly repayment is not fixed it can vary and depends upon the loan amount. You can make repayment through the following methods.

  • Online Money Transfer: Online banking has made everyone’s life easy. You can now transfer money from another bank account to Standard Chartered account. 
  • Cheque: Deposit cheque to any branch of Standard Chartered in Singapore. 
  • Cash: You can easily deposit cash to ATMs at any Standard Chartered ATM in Singapore.

Eligibility Criteria:

  • Singapore Citizen or Permanent Resident.
  • Annual income: Minimum $30,000 to less than $120,000 per annum.
  • Age: 21 -65 years old.
  • Employment Pass holders must have their Cards and have a minimum of 1 year left on the card expiry.

Newsroom Standard Chartered:

Standard Chartered introduced Unlimited$aver that unlocks up to 5% cashback* on Unlimited Cashback Credit Card spend.

Standard Chartered Singapore has launched one of the most popular cashback cards in Singapore where clients can earn up to 5% cashback on their unlimited credit cards spends without any cashback cap and no minimum spending amount. This was done based on a study that people are more likely to deposit money into a savings account to enjoy higher cashback on their credit card spend.

Standard Chartered launches one-stop digital FX platform

Standard Chartered Banks has launched LiveFX which can be used from within the mobile app, a one-stop platform that will allow retail clients to make FX conversation in real-time, gain market insights and place limit orders anytime and anywhere at their preferred exchange rates.

Standard Chartered Bank to set up FX e-trading and pricing engine in Singapore

Standard chartered bank will launch this E-trading engine by the first quarter of 2020, offering the bank’s clients FX e-trading of 130 currencies and more than 5000 currency pairs in Spot, Forward, Swaps, Non-deliverable forwards and options, as well as commodities e-trading for both Precious and Base Metals.

Standard Chartered instant issuance of digital credit cards and disbursement of loans

Standard chartered bank has announced the roll-out of its instant digital credit card issuance and loan disbursement capability. The bank’s new and existing customers can look forward to a seamless and speedy credit card or personal loan application online and avail instant issuance of credit card or disbursement of loans.

Customers Reviews:

“Comfortable chairs to wait in and friendly service. Most impressive was the rack of reading glasses for those who need them.” ~Yanling Tng

“One of the best clients I have worked with. Great marketing team which is extremely data-driven!”. Aditya Maheshwari

“SCB this Branch weekly 7 Days open. It’s really helpful for Clients. Good Banking.” ~Allen Joseph Gomes

“It has the longest business hours, at least to what I know, of all banks in Singapore, and it seems that it is always very busy. Nevertheless, the staff there can provide timely and high-standard services while keeping a friendly attitude.” ~Ye Yuan

“Good location for banking needs in the middle of the shopping district in the basement of the popular shopping mall. Brightly lighted banking area with sufficient space within for a break when waiting or performing transaction.” ~Marcus Goh

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