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Apply for an initial assessment with just your? NRIC and income documents and get S$200 Cashback

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Apply for an initial assessment with just your? NRIC and income documents and get S$200 Cashback

Debt Consolidation Plan with an affordable monthly repayment plan.

Take better control of your finances by consolidating all eligible?unsecured?debts with a simple loan with interest rates from as low as 3.98% p.a. (EIR* from 7.70% p.a.). Plus, get the convenience of a Platinum MasterCard Credit Card for all your daily expenses with Annual Fee perpetually waived.

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Credit Cards from six banks
Debt Consolidation Plan
Payment Mode Minimum Payment³ of S$1,839 Monthly Instalment of S$1,866
Tenure 38 Years and 1 Month(s) (with only Minimum Payment³ made each month) 3 Years
Interest Rate EIR of 26% p.a. Interest Rate of 3.98% p.a. (EIR* from 7.70% p.a.)
Total Payable (without drawing new amounts) S$202,009 $67,176
Savings $134,833
Wish to speak to us for more information? SMS LOAN< space >DCPINFO< space >NAME to 77222 for us to call you back.

1The illustration is based on the assumption that: (a) the total outstanding balance of S$60,000 is subject to an effective interest rate (EIR) of 26% p.a. charged by the six banks; (b) the credit card statement’s minimum payment due is made; (c) no new amounts are drawn down; and (d) the total outstanding balance of S$60,000 is transferred to Standard Chartered Debt Consolidation Plan of a 3-year tenure and interest rate of 3.98% p.a. (EIR* from 7.70% p.a.). The interest rate offered to you is based on your personal credit profile as determined by us, and may differ from the published interest rate and the interest rate offered to other borrowers.

*For illustration, EIR is calculated taking into consideration of S$199 joining fee and based on average loan amount of S$60,000 and all instalment payments are paid by their respective due dates during the 3-year loan tenure.

2The credit limit for the Platinum Mastercard Credit Card issued with Standard Chartered Debt Consolidation Plan is equivalent to your monthly salary as per the bank’s assessment with your latest income document.
3The Minimum Payment amount is based on 3% of the statement outstanding balance or S$50, whichever is higher.

Our Customer Terms, Current/Cheque/Savings Account and Time Deposit Terms, Personal Loan/Personal Line of Credit/Overdraft Terms, Credit Card Terms, Credit Card Tariff Sheet and Terms and Conditions Governing Debt Consolidation Facility apply.

Fees & Charges

Joining Fee One time $199
Early redemption fee $250 or 3% of the outstanding principal, whichever is higher. With effect from 15 January 2019 (inclusive of this date), $250 or 5% of the outstanding principal, whichever is higher.
Default interest Effective Interest Rate (“EIR”): 26.9% per annum (minimum).

If payment is not received in full by the due date, finance charges will be calculated on a daily basis at 0.074% from the respective transaction dates for all transactions to the date the payment is received.

Late payment If we do not receive the minimum payment as per indicated on your statements by the due date, a late payment charge of $80 will be charged to your Debt Consolidation Plan facility and/or Platinum Mastercard® Credit Card respectively.
Annual Fee For Standard Chartered
Platinum Mastercard® Credit Card
$192.60 (including GST) – perpetually waived

Please click here for more information on the Platinum Mastercard® Credit Card, including the applicable fees and charges (such as the finance charges and late payment fee)

Eligibility & Documents


  • Singapore Citizen or Permanent Resident
  • Annual income: Minimum $30,000 to less than $120,000 per annum
  • Unsecured Outstanding balances: More than 12 times of monthly income
  • Age: 21 -65 years old

Application Documentation

  • NRIC (front and back)
  • Copy of latest credit bureau
  • Copy of the latest statements of your credit cards and unsecured credit facilities from Standard Chartered and Other Banks
  • Copy of latest income documentations

Important Information