Current promotion:
Enjoy one of the lowest personal loan rates in the market, starting from 1.90% p.a. (EIR from 3.63% p.a.). Valid till 31st March 2025. Standard Chartered Bank's T&Cs apply.
Assuming $20K loan quantum, here are the respective EIRs:
Loan quantum (years) | AIR | EIR (excluding first year annual fee) | EIR (including first year annual fee) |
1 | 1.90% | 3.49% | 5.35% |
2 | 1.90% | 3.61% | 4.58% |
3 | 1.90% | 3.63% | 4.30% |
4 | 1.90% | 3.64% | 4.14% |
5 | 1.90% | 3.63% | 4.04% |
Effective Interest Rate (EIR) calculation based on a 5-year tenure and is not yet inclusive of the first-year annual fee of S$199. Taking that into consideration, the EIR will be 4.04% p.a. for an average loan amount of S$20,000. Refer to T&Cs for more information.