Managing your UOB Property Loan

After you have signed your Letter of Offer with UOB, your lawyer will proceed to complete the legal work on the purchase of your property. Upon loan disbursement, UOB will send you an advice with the following information:

1. Loan amount disbursed
2. Your monthly instalment
3. Your monthly instalment due date

For completed properties, it takes approximately ten weeks from acceptance of the Letter of offer for the loan to be disbursed.
For uncompleted properties on the progressive/deferred payment scheme (for loans accorded the deferred payment scheme prior to 26 Oct 2007), you will receive a disbursement advice to commence monthly instalment for your housing loan when the Bank disburses the loan.
Hence, please ensure your mailing address is updated with the bank.

• For Private Property Loan, it is due on the 1st day of each month.
• For HDB Home Loan, it is due on the 15th day of each month.
• Your due date will be rescheduled to the next business date if the payment due date falls on a Saturday, Sunday or Public holiday.

• CPF (not allowed for Property Equity Loan)
• Deduct from your pre-designated UOB bank account

Please check your Letter of Offer for any prepayment penalty clause and charges before proceeding with the prepayment.

• You will have to:
  - Submit Capital Partial Prepayment Form to the Bank.
  - Serve a one month’s written notice to the bank.
  - Prepay via Direct Debit from designated UOB account or CPF. Find out more about using CPF for monthly instalment as outlined in the Frequently Asked Question 8.

You can:

1. refer to your Letter of Offer;
2. check with our Home Loan Specialist at any UOB Group branch; or
3. contact our Call Centre from 8am - 8pm at 1800 388 2121.

Please submit your written instruction to:

• Your Home Loans Specialist
• Any UOB Group branch
• Alternatively, you may contact us here

A processing fee may be charged by the Bank and your request is subject to approval.

You can do this by informing your lawyer of your intention to use your CPF funds to service your home loan at the point of your loan application. If you missed this at the point of your loan application, please engage a lawyer to write to the CPF Board for approval and obtain approval from the Bank that you will be using your CPF funds to service your monthly instalments through your Home Loans Specialist at any UOB branches. Please also be aware that all legal costs will be borne by you and there will also be a processing fee that will be charged by the Bank. For more information, consult CPF Board or visit www.cpf.gov.sg for further clarifications.

After deducting the CPF contribution received, any balance outstanding will be deducted from your pre-designated UOB bank account.

You will have to:

1. Submit the completed Capital Partial Prepayment Form to Bank.
2. Submit request to CPF Board. For details, please visit CPF Board website.
3. Serve a one month's written notice to the Bank.

The Bank reserves the right to refund the CPF monies if there is no prepayment instruction.
Please also check your Letter of Offer for any prepayment penalty clause and charges before proceeding with the prepayment.

Follow these steps if you are selling your property or paying off with your own funds:

1. Check your Letter of Offer for any applicable fees/refunds to be made to the Bank
2. Submit the completed Full Settlement Form to the Bank
3. Serve the Bank two months' (for Singapore property) / three months’ (for overseas property) written notice to the Bank
4. Appoint a lawyer to discharge the mortgage (note that all legal fees are to be borne by you)
5. Liaise with your Insurance provider if you wish to terminate your Fire Insurance policy

Do note that any prepayment requests pending or served will be cancelled.
It has been our pleasure serving you and we hope to assist you in your next home ownership journey.
If you are refinancing to another bank, save time and effort of refinancing and contact our Mortgage Relations Managers for a customised solution.

Keen to tap on the equity in your property to help you achieve your financial needs and goals?

You may consider a property equity loan. Contact us for an assessment today.

Alternatively, please instruct request your lawyer to write to the Bank to discharge the mortgage. Once your mortgage is discharged, your title deed/e-title deed will be returned to you. All legal fees are to be borne by you.

It has been our pleasure serving you and we hope to assist you in your next home ownership journey.

Change your contact details on UOB TMRW app instantly so you don't miss any important notifications and alerts. Simply follow these steps:

Step 1: Log in to UOB TMRW and tap on "Services" located at the bottom of the screen.

Step 2: Under Profile, select "Contact Details".
Learn more

Besides contact details update, it’s now easier than ever to update your address on UOB TMRW app using MyInfo. Simply tap on Services > Address details to get started

Learn more

Alternatively, you could also change your contact details and address on UOB Personal Internet Banking or In-person at any UOB Branch.

-For Change of Residential Address, one of the following documents as proof of residence (within last 6 months) is required:

• Singapore NRIC
• Utility Bill
• Telephone Bill
• Tax Assessment
• A non UOB bank statement
• Rental agreement

Note:

For Home Loans with more than 1 registered borrower, please proceed to any UOB Branch to update your Mailing Address and/or Contact Details in-person. Please note that ALL borrowers will need to be present to proceed with this request

You will receive an annual loan statement (as at 31 December of the year) at the beginning of the following year. For duplicate copies, additional fees will apply. In the event that you do not receive your annual loan statement, please call our Call Centre from 8am - 8pm at 1800 388 2121 or check with our Home Loan Specialist at any UOB Group Branches.