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UOB HDB Home Loan Online Exclusive
It’s time to gift yourself the lovely things that you’ve been eyeing for your home.
Get up to S$3,000 worth of cash and TANGS Gift Card (inclusive of up to S$2,000 in cash for refinancing) when you apply online for a UOB Home Loan. Discover the perfect home loan solution for your HDB flat with our competitive rates and flexible home loan packages now!
Promotion ends 28 Feb 2025.
*T&Cs apply.
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Benefits
Potential savings
Save on interest payment, receive cash rebate of $2,000* and 3-year complimentary fire insurance* when you refinance.
Flexible terms
Enjoy a free package conversion after the loan lock-in period.
HDB Home Loan Online Exclusive
Plus, here's a little sweetener – apply online now and receive an exclusive gift* from us upon your home loan acceptance. For a very limited time only, so get yours today.
Criteria | Sign Up Gift* |
S$300,000 to less than S$500,000 | TANGS Gift Card, worth S$300 * |
S$500,000 to less than S$1,000,000 | TANGS Gift Card, worth S$500 * |
S$1,000,000 to less than S$1,500,000 | TANGS Gift Card, worth S$700 * |
At least S$1,500,000 | TANGS Gift Card, worth S$1,000 * |
HDB Home Loan Packages
Enjoy the flexibility to pay off your loan partially or customise it to maximise your options.
- SORA PROMOTIONAL Limited tranche for New Direct-to-Bank+ customers only
- Fixed Rate
SORAPROMOTIONAL Limited tranche for New Direct-to-Bank+ customers only |
Fixed Rate | |
Year 1 | 3M Compounded SORA + 0.70% p.a. | For fixed-rate or combination of fixed-rate and 3-Month Compounded SORA packages, please complete the Contact Us form here so that our Home Loan Specialists can be in touch with you within the next business day. |
Year 2 | 3M Compounded SORA + 0.70% p.a. | |
Year 3 | 3M Compounded SORA + 0.80% p.a. | |
Year 4 and thereafter | 3M Compounded SORA + 1.00% p.a. | |
Lock in period | 2 years | |
Min Loan Size | S$250,000 | |
Special features: | • 1 free conversion after 24 months from the date of first disbursement, subject to the terms and conditions in the Letter of Offer. • Flexibility to prepay^ your loan/sell# your property, subject to the terms and conditions in the Letter of Offer. |
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Other benefits | • Submit your application online & our banker will be in touch with you to share more on our limited time promotional offers. Valid only for direct applications without third party referrals. | |
Additional notes | Promotional rates are available for a limited period and only valid for completed residential properties in Singapore, for your new purchase or refinancing from another bank/HDB. Subject to minimum loan size. Pegged to the 3-month Compounded SORA that is published on MAS' website. Find out more on SORA. |
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+Terms and conditions
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Testimonials from our Customers
“It was a smooth process and bank personnel was extremely professional. It was a bliss in application.”
KM Thong
UOB Home Loans Client“Adopted digital submission and declaration. UOB staff is friendly, responsive and patient to customer's query.“
SK Chea
UOB Home Loans Client“Efficient process! Friendly and polite staff. Prompt in replying messages.“
LS Tan
UOB Home Loans Client“Very pleased with how UOB mortgage specialist engaged with us and guide us in completing the refinance application processes.”
J Liu
UOB Home Loans ClientThings you should know
Terms and Conditions
1Instant approval refers to a conditional approval for a UOB Property Loan and is granted based on the information provided by the applicant. It is processed and approved by UOB, and is subject to the applicable terms and conditions, including the necessary documentation verification and completion.
2The indicative value is based on real-time proprietary data of CKS Property Consultants Pte Ltd, publicly available information and other third-party sources. We do not warrant the accuracy or completeness of the information and valuations. This valuation can be accepted by UOB for your Home Loan, subject to the full terms and conditions for a UOB Property Loan, and internal credit policies.
#This means that, in the event that the redemption of the Loan is due to sale of the Property and this redemption is within the Lock in Period, the redemption fee will be reduced by 50% subject to UOB’s receipt of satisfactory documentary evidence of the sale of the Property. In addition, the Borrower will be eligible for a refund of the reduced redemption fee paid to UOB if the Borrower fulfills the following conditions:(i) the Borrower accepts a new loan from UOB of which the new loan amount is equal or higher than the redeemed loan amount;(ii) such new loan is accepted by the Borrower within 6 months from date of redemption of the Loan;(iii) the Borrower furnishes a signed copy of the Letter of Offer; and(iv) such other condition(s) as may be determined by UOB.
^This means that no prepayment penalty will be applicable to the first prepayment request made per year during the Lock in period and the prepayment amount for such request is cap at 20% of the original loan amount.
Find out more information on the Standard Terms & Conditions Governing Credit Facilities here.
Important Promotion Information
*Terms and Conditions:
- This Promotion is not valid with third party referrals.
- Only applicable for successful applications submitted from 1 September 2024 to 28 February 2025 and with the letter of offer accepted by 7 March 2025. .
- UOB may vary or suspend or terminate this Promotion without notice. Full terms and conditions apply; please see T&Cs.
Important Notice and Disclaimers
- This publication is strictly for information purposes only and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose. This publication is not an offer, recommendation, solicitation or advice to buy or sell any investment product. Nothing in this document constitutes accounting, legal, regulatory, tax, financial or other advice. You should consult your own professional advisors about issues discussed herein. While the information provided in this publication is believed to be accurate as at the date of publishing, UOB makes no representation or warranty, and accepts no responsibility or liability for its completeness or accuracy.
- Before taking up a loan, please refer to the Basic Financial Planning Guide to ensure that you have taken the necessary steps to address your savings, insurance and investment needs.
Frequently asked questions
What could impact my cost of upgrading?
Items | First/Second Card(s) |
Down Payment | Down payment is the amount you need to pay when you subtract your home loan amount (which is subjected to regulatory limit and bank’s credit assessment) from your property purchase price. This can be payable through cash (subject to minimum regulatory amount) or a combination of cash and your CPF savings. |
Total Debt Servicing Ratio (TDSR) | Banks must take into consideration all outstanding debt obligations when granting a housing loan to you. This is known as the TDSR and it is calculated based on your monthly total debt obligations over your gross monthly income. You are generally not allowed to borrow above the TDSR threshold, which is set at a maximum of 60 per cent of your monthly income. |
Mortgage Servicing Ratio (MSR) limit | The MSR limit caps the monthly mortgage installments at a percentage of your gross monthly income when you apply for a housing loan for the purchase of an executive condominium (EC) directly from a property developer or for any HDB flat. To calculate your MSR, you need to divide your monthly mortgage installments by your gross monthly income. The MSR limit is currently set at 30 per cent. |
Resale Levy | If you previously bought a new flat from HDB, a Design, Build and Sell Scheme (DBSS) flat or Executive Condominium (EC) from a developer or received a CPF Housing Grant, you will need to pay the resale levy if:(a) You sell your subsidised flat and then buy a second subsidised flat from HDB; or(b) You sell your subsidised flat and then buy an EC from a developer where the land sale was launched on or after 9 December 2013. |
Buyer's Stamp Duty (BSD) and Additional Buyer's Stamp Duty (ABSD) | Stamp duty is imposed on documentation involving transfer of property from one party to another.There are two types of stamp duties:Buyer’s Stamp Duty is applicable for the purchase of properties including residential and commercial properties. Additional Buyer’s Stamp Duty is applicable for the purchase of residential properties. Refer to the IRAS website (www.iras.gov.sg) to find out the applicable rates. |
Property Tax | All property owners in Singapore must pay property tax. The amount of tax payable is based on the annual value of the property which is determined by the IRAS. It is usually based on the gross rental of the property per year minus costs such as maintenance and other taxes. |
Insurance Cost | Most banks require homeowners to protect their property in the event of fires or flooding.Customers may also opt to take up mortgage protection insurance (also commonly known as Mortgage Reducing Term Assurance or MRTA) to cover their loan liability and to hedge against unforeseen circumstances. |
Conveyancing Fee | These are legal fees for professional services such as conveyancing and the registration of land titles and deeds.It is paid to a lawyer to carry out the above and the necessary background checks on the property. The fees also include paying for the law firm acting for the bank in the loan. To reduce conveyancing costs, you may wish to consider having the same law firm acting for your purchase and also in the loan conveyancing matters representing you and the bank. However, before you do this please ensure the law firm is on the bank’s approved panel if you wish to use the same law firm to act for the bank. |
Valuation Fee |
For HDB Resale: For HDB Refinancing: |
Agent Commission | You will have to factor the agent's fee, which is computed based on a percentage of the purchase price if you have engaged a property agent to help you purchase the property. This commission is usually 1% of the property’s purchase price. |
How to determine if I can afford to sell my HDB flat and upgrade?
Home ownership is a long-term commitment that requires you to set aside a significant sum of money as a deposit and to then make regular mortgage repayments over the tenor of the loan. Before you decide to upgrade to a larger or private property, you should speak to your bank to confirm how much you can borrow to upgrade to a new property.
For example, the maximum home loan quantum that you can borrow from a bank is determined by the Loan-to-Value ratio or LTV. The LTV considers three factors – the loan tenor, your age and the number of outstanding home loans you have. However, there is an exception if you are upgrading from your HDB flat. In such cases, the outstanding home loan on your HDB flat will not affect the maximum home loan amount for the new property as long as you can provide the necessary documentation to show that your flat has been sold. These include a copy of the approval letter by HDB and a copy of the Borrower’s letter of undertaking to complete the sale of the existing HDB flat.
With these documents, your bank can provide you with an In-Principle Approval so that you can have certainty on your eligible loan amount and monthly mortgage repayment amount. This will help guide you to determine the down payment amount needed to purchase a new property and if you can commit to the monthly mortgage repayments.
With UOB Instant Home loan approval, you can get an in principle approval online, in the comfort of your home within minutes.
What are the rules on buying a 2nd property? Does my age affect the loan size?
If you want to purchase a second property and already have an existing housing loan on your current flat, you will only be allowed to borrow up to 45 per cent of the value of your new property. This is provided that at the point of application, the loan tenure (i) is less than 30 years; and (ii) does not extend past age 65. Should these criteria not be made, you will only be eligible to borrow up to 25 per cent of the value of your new property. You can approach our Mortgage banker for calculation and your eligible LTV.
When you sell your HDB flat, you can use the net sales proceeds to purchase your next property. The net sales proceeds received by homebuyers is less any outstanding loan balance and the amount of CPF plus accrued interest used for the existing property.
How are bridging loans meant to be used and how can a bridging loan help me?
A bridging loan provides short-term financing to complete the purchase of a new property before the homebuyer receives the proceeds from the sale of their existing property.
What is the amount, interest rate and tenor of my bridging loan?
The quantum for a bridging loan is determined by the nett proceeds from the sale of the property. The nett sales proceeds is calculated based on several components such as the selling price and outstanding loan balance for the existing property and the amount of CPF plus accrued interests that have been used for the existing property.
A bridging loan is a short term loan of up to a maximum of 6 months. The loan tenor is dependent on the needs of the customer.
The interest rate for a bridging loan is between 4% and 6% (accurate as of March 2023) and differs from bank to bank.
How do I service the Bridging Loan and what are the terms and conditions?
The maximum tenor for a bridging loan is six months and full repayment must be made by the end of that period. The monthly repayments are only on the interest charged, with no repayment on the Principal amount, which is repaid in full at end of the tenor. The principal amount can be repaid using either cash or CPF, subject to the CPF Withdrawal Limit.
Generally, no prepayment fee is levied for early redemption of the Bridging Loan before maturity date.
Can I use bridging loans to buy HDB properties as well?
Bridging Loans can be used for the purchase of private properties, HDB flats and Executive Condominums or ECs. Customers who require a bridging loan for the purchase of an Executive Condominium which is still under construction should apply for the loan under the Deferred Payment Scheme offered by the property developer.
How long does it take to approve my bridging loan application?
You should apply for a Bridging Loan when applying for your Housing Loan. You may receive the approval for your bridging loan within two working days on condition that all necessary documents have been submitted.
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