And one where it is more expensive can be one where it offers you a fixed rate guarantee that could prove to be cheaper if the interest rate environment is rising. However, from the third year onwards, the interest rate climbs significantly (i.e. The results of this loan payment calculator are for comparison purposes only. UOB's strong reputation and consistently competitive interest rates make it one of the best sources of home loans for Singaporeans. For a live look at the bank's private housing loan rates, see our table below. Here Are 3 Money-Saving Tips, 4 Home Insurance Mistakes That Will Cost You, How to Rent a Property During the Circuit Breaker: Tips for Landlords. UNDERSTAND YOUR CREDIT BUREAU REPORT FOR YOUR DREAM HOME. With UOB, you can do so, as long as the home loan refinance rate is lower than your current home loan package. As a well-established home lender, with S$88.6 billion in total home loans globally, UOB is a great source of home loans in Singapore. (GMT+8: Singapore time), https://www.mortgagewise.sg/wp-content/uploads/2019/08/UOB-1.jpg, https://www.mortgagewise.sg/wp-content/uploads/2019/02/MortgageWise-Logo-e1568208138942.png. Submit your loan application directly to us now to enjoy the best of both worlds. Submit your loan application directly to us now to enjoy the best of both worlds. United Overseas Bank (UOB) is one of the Big 3 banks in Singapore incorporated in 1935, with headquarters in Singapore. If you own a private residential property located in Singapore, you can refinance your home loan with UOB. Best UOB Home Loan (Fixed Deposit Pegged Rate FDPR): Rival To DBS’ FHR, OCBC OHR, Standard Chartered FDR, Maybank FDMR and HSBC TDMR. Read our home loan analysis to compare the best home loan rates and options to choose the best home mortgage loan for you. With UOB, you can do so, as long as the home loan refinance rate is lower than your current home loan package. All rights reserved. ValuePenguin is not in control of, or in any way affiliated with, the content displayed on this website. MRTA sum insured equivalent to Home Loan with insurance coverage at least 10 years OR; MRTA sum insured at least 80% of Home Loan with insurance coverage the whole loan tenor **Interest rate for THB 1,000,000 loan with loan tenor of 15 years and MRR = 8.00%. The financial indicator (s) against which that BR is benchmarked, such as the SIBOR, Prime Rate or CPF rate, will also be disclosed. Not to mention by working with a trusted partner who presents the whole picture, they gain better insights into different loan features and how to position their mortgages ahead of interest rate cycles. UOB boasts of quick processing and in fact they market it as “Instant Home Loan Approval” on their website.Such “instant approvals” can also be submitted via a broker and so long homeowners meet all the basic income and credit criteria with full documentations – the IPA (in-principle approval) for purchase or the approval for all loans in generally will be instantly approved by the system. To help you find the best housing loan features with the lowest housing loan interest rates, we've collected hundreds of data points on different home loan options in Singapore as well as historical home loan packages and rates. 1) New House of Selective Housing Projects Type 1: Fixed Interest Rate for 9 Months. It appears more of a rebranding to let consumers view UOB’s home loans on par with DBS’s FHR loans and OCBC’s OHR loans. From sorting out the documents needed to answering your queries, we’ve got your back throughout the process. With a lock-in period of 2 years, these packages are deemed to be more stable because the monthly repayments are fixed. If you choose to apply direct to the bank, it means no business for us. We recommend switching banks periodically and we do not just say that for self-serving purpose. This will help you make a fair comparison with other loans, be it from UOB or the other banks in Singapore. You can opt for a fixed rate loan or a floating rate loan that best suits your budget. (EIR 7.21%) with S$500 cashback. The bank's low interest rates for all types of home loans make it a great option for prospective homeowners as well as borrowers seeking to refinance their home loans. Value-For-Money Deal: Best UOB Home Loan For SIBOR RatesAfter analysing years of loan data from UOB, we can safely conclude that SIBOR loan is UOB’s most valuable deal for you for now. Some content may be compensated through third-party advertisers. What is the best UOB Home Loan or UOB commercial property loan? Once you’ve chosen your new home loan package, our mortgage team will make sure that the timing for refinancing is perfect to avoid penalty fees. UOB provides a wide range of flexible personal loans. COVID-19 & Home Loans: Should Defer Repayment? Here is a Guide to Finding the Best UOB home loan by understanding and also comparing against historical best UOB home loans in the past. Be rewarded with gifts of up to S$3,800 and a promotional home loan rate when you apply online. After you successfully refinance your home loan with UOB, you are eligible for legal subsidies of 0.40% of the loan amount up to $1800. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). Since 2015, UOB has been lowering the spread on SIBOR-pegged loans. Lenders look at five factors before allowing you to borrow... Small business funding requires you to “talk money”, Real estate investment sales holding up despite property curbs, Refinancing packages may not remain ‘cheapest’ throughout loan life, Penrose condominium available for preview this weekend, Best UOB home loan SIBOR Package No Lock In For Completed Private Property, UOB Loan SIBOR Package 1 Year Lock In For Completed Private Property, UOB Loan SIBOR Package No Lock In For Completed Private / HDB Property, UOB Loan SIBOR Package For Building Under Construction, No Lock In – Private Property (Min $350K), UOB Loan 3M SIBOR Floating Rate For Building Under Construction, UOBLoan 3M SIBOR 3 Years Lock In – Private / HDB, UOB Loan 3M SIBOR – Building Under Construction – Private / EC With Min Loan Of $400K, UOB Loan 12M SIBOR – 1 Year Lock In – Building Under Construction – Private / EC With Min Loan Of $400K, UOB Loan 12M SIBOR – 1 Year Lock In – Building Under Construction, UOB Loan 12M SIBOR – 1 Year Lock In – Private / HDB, UOB Loan 3M SIBOR – No Lock In – Building Under Construction For Private / EC, UOB Loan Loan 3M SIBOR – 3 Years Lock In – Completed HDB / Private, UOB Loan 12M SIBOR 12M – 1 Year Lock-In For Private Properties, UOB Loan 1M SIBOR – No Lock In – Private / EC, UOB Loan 1M SIBOR – No Lock In – Building Under Construction For Private / EC, UOB Loan 12M/3M SIBOR – No Lock In – Building Under Construction For Private Properties, UOB LoanLoan 1M SIBOR – No Lock In – Completed Properties, UOB Loan 3M SIBOR – No Lock In – Building Under Construction For Private Properties, UOB Loan 1M SIBOR – No Lock In – Building Under Construction For Private Properties, Best UOB home Loan Packages – Fixed Deposit Pegged Rate (FDPR), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – 2yr lock-in – (PTE), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – No Lock-In – for BUC Private-only, UOB Loan – Fixed Deposit Pegged Rate (FDPR) – 3yr lock-in – (PTE/HDB), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – Package (BUC-PTE/EC), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – 2yr lock-in – (PTE/HDB), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – 2yr lock-in – (PTE/EC), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – 2yr lock-in – (PTE/HDB), UOB Loan – (Fixed Deposit Home Rate) – 2yr lock-in – (PTE/HDB), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – – 2yr lock-in – (PTE/HDB), UOB Loan – Fixed Deposit Pegged Rate (FDPR) – No Lock-In – for BUC Private / EC only, UOB Loan (Fixed Deposit Home Rate) – No Lock-In – for BUC Private / EC only, UOB Loan – Fixed Deposit Pegged Rate (FDPR) – 3yr lock-in – (Completed), UOB Loan 2 Years Fixed Rate – Private Property With Min $500K, UOB Loan 2 Years Fixed Rate – Private Property With Min $400K, UOB Loan 2 Years Fixed Rate For HDB And Private Properties, UOB Loan 2 Years Fixed Rate With 3 Years Lock In, UOB Loan 2 Years Fixed Rate With No Lock In, UOB Loan 2 Years Fixed Rate 2 Years Lock-In – Completed HDB & Private Properties, UOB Loan 2 Years Fixed Rate 2 Years Lock-In – Completed Properties, best UOB home Loan 2 Years Fixed Rate 2 Years Lock-In – Completed Properties, UOB Loan Fixed Rate 2 Years Lock-In – Completed Properties, UOB Loan 2 Years Fixed Rate 2 Years Lock-In For Completed Properties, UOB Loan Fixed Rate 2 Years Lock-In For Completed Properties, UOB Loan 3 Years Lock-In Fixed Rate For Completed Properties, UOB Loan 2 Years Lock-In Fixed Rate For Completed Properties, UOB Loan 3 Years Lock-In Fixed Rate For CompLoan leted Properties, UOB Loan Fixed Rate 3 Years Lock-In With 1M SIBOR For Completed Properties, UOB Loan Fixed Rate 2 Years Lock-In With 1M SIBOR For Completed Properties, UOB Loan Fixed Rate 3 Years Lock-In – Completed Properties. Here are some of the rates from the other banks: –, Table of Best Uob home loan packages (Historical) of Fixed Deposit Pegged Rate (FDPR) and Building-under-construction (BUC), Table 2: Best UOB Home Loan for Fixed Deposit Pegged Rate, HDB LOANS HAVE NOW BEEN MORE EXPENSIVE THAN BANK LOANS FOR ALMOST A DECADE. Apply now . Table for Best Uob home loan for fixed rate (Historical), Table 3: Best UOB Home Loan for Fixed Rate packages (Historical). All financial products and services are presented without warranty. Because of this, home buyers can take advantage of competitive interest rates through UOB Home Loan Refinance. No matter the time frame, with a fixed rate home loan, your monthly instalments will be locked in. Very ofren one finds that repricing quotes from existing bank may not be the best in the market. Yes, this is on top of our ongoing Takashimaya voucher giveaway. Twin VEW near Jurong Lake District sees 85% sales on... Are Singapore Banks transferring Interest volatility risks to consumers? UOB is also a great option for prospective homeowners considering a BTO unit. Most mortgage applications are complicated and long. Summary of Property Regulations since 14 Sep 2009 till Aug... Buying a Property – Use up CPF before it vanishes... TDSR Causes Home Loan Refinancing Hardships. In its latest 1-month SIBOR-pegged loan, the interest rate payable only has a spread of 0.50% on top of the 1-month SIBOR. Find out which insurance policies are the best in Singapore. Enjoy interest savings through a promotional interest rate, cash rebate of up to S$1,650 when you refinance, and the flexibility to partially pay down your loan at any time. Orchard freehold Semi-D for sale at indicative price of $12... Cash access is vital to the survival of any business, Why companies want proof buildings are healthy, Big-box retail stores are turning into warehouses, DBS debuts new content line-up to help customers, Mortgage Interest Rates– Key Factors That Impacts it. The minimum loan amount is THB 500,000 while the maximum loan is up to THB 50,000,000. We have reviewed over 100 credit cards in Singapore to simplify your card shopping process. A few other lenders offer larger legal fee subsidies than UOB, especially for loans of more than S$500,000. Cheap home loan is not always good as there are many terms and conditions that one has to consider. UOB runs special online “direct-to-bank” promotions from time to time with free gifts ranging from vouchers, electronic products to airmiles. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. We explore our data to help our readers analyse UOB loan for homeowners. Minimum Retail Rate (MRR) as of May 31 st, 2019 is 8.00% per annum and subject to change from time to time in accordance with Bank of Thailand’s policy. 5.50%. Of course it is often debatable whether it is worth it to pay a bit more expensive to secure a fixed rate and have that certainty. History of UOB: This is what UOB used to look at Raffles place, Paul HO, iCompareLoan.com. by Si jie LIM • Average 3 years. 8am to 10pm Daily Of course, our $150 valuation fee offset (for refinancing only) in the form of a FairPrice gift card, or the savings in legal fees of up to $700 (for new purchase loan) help too.
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