United Overseas Bank Limited (commonly known as UOB) is a major banking organisation headquartered in Singapore, with branches mostly found in most South-east Asian countries. Founded in 1935 by Sarawak businessman Wee Kheng Chiang, the bank has 68 branches in Singapore and a network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America.
UOB offers both fixed and SIBOR rate packages.
For those who are looking for fixed rate package, UOB’s 3 Years Fixed rate package offers the highest premium rate compared to all the other UOB loan packages. Thus, it is suitable for buyers with lower income as you will be able to plan and pay a fixed monthly payment for 3 years.
UOB also offers convertible packages that can be used for both private and HDB home loans. This package is preferable for those who are looking into refinancing. They will be able to benefit from the flexibility and features that this packages offer. UOB also provides bridging loan to help you make the necessary down payment for your new home first. Over draft facility is also available as a finance option.
Who can apply for UOB Home Loan?
- Singaporean citizens and permanent residents.
- Foreigners who are residing and working in Singapore.
Utilise SGDTips’ home loan calculator to estimate your monthly repayments. If you are interested in taking out a UOB home loan, click the apply button and fill in a simple application form and you will be attended by experienced mortgage consultants.