![UOB Private Home Loan Online Exclusive](/assets/web-resources/personal/images/borrow/property-loans/private-home-loan/contentblock/apple-gift-promotion.jpg)
UOB Private 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$3,500 worth of cash and TANGS Gift Card (inclusive of up to S$2,500 in cash for refinancing) when you apply online for a UOB Home Loan. Discover the perfect home loan solution for your private property with our competitive rates and flexible home loan packages now!
Promotion ends 28 Feb 2025.
*T&Cs apply.
UOB Private Home Loan Online Exclusive – Refinancing
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Criteria
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Sign Up Gift*
Criteria | Sign Up Gift* |
Min. S$450,000 home loan (Completed Property Only) | S$2,000 Cash^ |
Min. S$500,000 home loan (Completed Property Only) | S$2,000 Cash and TANGS Gift Card, worth S$500* |
Min. S$1,000,000 home loan (Completed Property Only) | S$2,500 Cash and TANGS Gift Card, worth S$700* |
Min. S$1,500,000 home loan (Completed Property Only) | S$2,500 Cash and TANGS Gift Card, worth S$1,000,* |
Criteria |
Min. S$450,000 home loan (Completed Property Only) |
Min. S$500,000 home loan (Completed Property Only) |
Min. S$1,000,000 home loan (Completed Property Only) |
Min. S$1,500,000 home loan (Completed Property Only) |
*Applicable only for online applications submitted from 1 September 2024 to 28 February 2025 and provided that the letter of offer is accepted no later than 7 March 2025. Refer to terms and conditions below.
^Subject to min. Refi Housing Loan quantum of S$450,000. Refi Housing Loan is defined as a Re-financing Facility for the purchase of private residential property. Please refer to the letter of offer for terms and conditions. The S$2,000 or S$2,500 Cash cannot be stacked with Legal & Valuation subsidies accorded under the Privilege Banking/Privilege Banking Reserve Exclusive Promotion.
UOB Private Home Loan Online Exclusive – New Purchase
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Criteria
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Sign Up Gift*
Criteria | Sign Up Gift* |
Min. S$500,000 home loan (Applicable for both Completed Property and Property Under Construction) | TANGS Gift Card, worth S$500* |
Min. S$1,000,000 home loan (Applicable for both Completed Property and Property Under Construction) | TANGS Gift Card, worth S$700* |
Min. S$1,500,000 home loan (Applicable for both Completed Property and Property Under Construction) | TANGS Gift Card, worth S$1,000* |
Criteria |
Min. S$500,000 home loan (Applicable for both Completed Property and Property Under Construction) |
Min. S$1,000,000 home loan (Applicable for both Completed Property and Property Under Construction) |
Min. S$1,500,000 home loan (Applicable for both Completed Property and Property Under Construction) |
*Applicable only for online applications submitted from 1 September 2024 to 28 February 2025 and provided that the letter of offer is accepted no later than 7 March 2025. Refer to terms and conditions below.
Choose from a range of competitive pricing packages with support from our dedicated mortgage bankers.
You can find out more about the UOB Private Home Loans Online Exclusive or our competitive pricing packages from our bankers!
For Singaporeans and PRs:
Click on "APPLY NOW" to apply for a new UOB Private Home Loan with forms pre-filled by retrieving your personal information with MyInfo. Applications submitted between 8.30am to 9pm daily will be processed instantly. Applications received outside these times will be processed the next working day.
For Foreigners and U.S. Persons:
Please leave us with your details so we can contact and assist you. (This does not constitute an online application and the Sign-Up Reward/Gift will not be applicable.)
Benefits
Potential savings
Save on interest payment and receive cash rebate of up to S$2,500* when you refinance.
Flexible terms
Enjoy a free package conversion after the loan lock-in period.
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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Things you should know
Important Promotion Information
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.
*Terms and Conditions:
- This Promotion is only valid from 1 September 2024 to 28 February 2025 (“Promotion Period”).
- Promotion is only valid for Private Residential Property, for new purchase or refinancing from another bank and selected loan packages only.
- Application must be submitted online during the Promotion Period by clicking the “Apply Now” button above. Letter of Offer issued by UOB in connection with the application submitted for the property loan must be accepted by 7 March 2025.
- Limited to one Sign up Gift per Letter of Offer accepted.
- Sign Up Gifts are on a first-come-first-served basis, whilst stocks last and subject to availability. UOB shall not be required to notify and/or update on the stock availability.
- The Letter of Offer shall contain such terms and conditions as UOB may require in relation to each property loan and S$2,000 or S$2,500 Cash applicable for refinancing.
- By participating in this Promotion and in addition to any other consent you have already provided to UOB and any right of UOB under applicable laws, you consent to UOB and the necessary third parties collecting, using and disclosing your personal data for the purposes of this Promotion and to contact you, including by voice call or text message.
- UOB may change these terms or suspend/terminate the Promotion without giving notice.
- Full Terms and Conditions apply.
Terms and Conditions
#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 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 are the benefits of a UOB Home Loan?
- Attractive interest rates and flexible repayment options.
- Provides up to 75% financing of the purchase price or valuation of your new property, whichever is lower.
Am I eligible?
- Applicant(s) must be between the ages of 21 and 65.
- Singapore Citizens, Permanent Residents and foreigners may apply.
What is the Maximum Loan Repayment Period?
Freehold Property
- Up to 35 years or 75 years of age, whichever is earlier. For example, if you are 25 years old now and buying a freehold property, the maximum loan period is 35 years. The loan duration plus the age of the applicant must be less than or equal to 75 years.
Leasehold Property
- Up to 35 years or 75 years of age at end of loan tenor, whichever is earlier, and remaining lease of at least 30 years at the end of loan tenor
How do I repay my loan?
- If the permitted residential property purchased is completed with TOP issued, instalment will be payable upon the drawdown of the loan and the instalments calculated are based on the full loan amount and loan tenor.
- If the permitted residential property purchased is under construction, you can opt to pay your instalments based on the disbursed loan amount until the Temporary Occupation Permit (TOP) is issued. Thereafter the instalments will be calculated based on the outstanding over the outstanding loan duration.
Can I use my CPF savings to repay my monthly instalments?
- Yes. However, for properties with a remaining lease of less than 30 years, CPF members are not allowed to use their CPF savings to service the monthly instalments or make direct payment to the property developer/vendor to buy a residential property.
Where can I find out more about how to use my CPF savings?
- Information on the use of CPF monies is available from the CPF website.
What are the documents required for Home Loan Application?
- Completed duly signed UOB Property Loan Application Form
- Copy of NRIC/Passport of applicants
- Income documents:
- Latest computerised payslip/IR8A
- Two years’ tax return (for self-employed applicants)
- Two years’ commission statement (for commission based applicants)
- Option to purchase
- Latest CPF statement of account (if CPF usage is involved)
- Latest CPF withdrawal statement for existing property (if applicable)
- Option of sale for existing property (if applicable)
What happens if there is a difference between purchase price and valuation?
- Prior to the approval of your home loan application, we will appoint a valuer to assess the market value of the property. If this valuation is lower than your purchase price, you would have to pay the difference in cash before any loan can be disbursed.
Is Fire Insurance necessary?
Yes. Fire insurance is required by the Bank to insure your property against fire.
What are the loan interest rates offered to Foreigners?
- UOB Home Loan offers wide range of home loan packages and flexible financing options to tailor your financial needs. Our packages include Fixed Rate package, Floating Rate Package and SORA-pegged rate package, or up to a combination of 2 of these packages. Please contact us for more details.
How much can I borrow as a Foreigner?
New Purchase
- If this is your first housing loan in Singapore, the financing is up to 75% of the purchase price or property market value, whichever is lower.
Refinancing
- If you already have an existing residential property loan, the refinancing is up to 100% of your loan outstanding, or 90% of the property market value, whichever is lower.
Can foreigners own residential & restricted properties in Singapore?
- Before deciding which property to buy, you may find it useful to understand the relevant regulatory guides on foreign ownership of permitted residential property in Singapore. Foreigners are only permitted to acquire or purchase certain types of residential properties in Singapore. Please refer to the Singapore Land Authority’s website and Housing & Development Board’s website for the types of residential properties which foreigners may acquire or purchase in Singapore.
What Fees & Taxes are payable for property purchases in Singapore?
In addition to the property purchase price, you will have to make provision for the Legal Fee, Stamp Duty, Property Tax & Income Tax.
• Legal Fee
When buying property (including permitted residential properties), you need to engage a lawyer for legal contracts for the sale and purchase of the property (including permitted residential properties). You can request your Lawyer to give you an estimate of such stamp fees, legal fees and disbursements that will be incurred in the purchase of the property (including permitted residential properties).
• Stamp Duty
Stamp duty is a tax on executed document relating to properties (including permitted residential properties) or interest in properties (including permitted residential properties). These documents include a lease, sales & purchase, gift or mortgage of property (including permitted residential properties).To know more details and calculate your stamp duty, please log on to www.iras.gov.sg/irashome
• Property Tax
Property Tax is a tax on the property (including permitted residential properties), and is payable by the owner whether or not the property (including permitted residential properties) is owner-occupied, rented out or vacant. Property Tax is calculated based on a percentage (Tax rate) of the Annual Value of your property (including permitted residential properties). To know more details and calculate your property tax, please log on to www.iras.gov.sg/irashome
• Income Tax
Rent received from the letting of property (including permitted residential properties) in Singapore is subject to income tax. Your rental income includes rent of the premises, maintenance, furniture and fittings. After deductions for allowable expenses (such as property tax), the net amount is taxable. To know more details and calculate your income tax on rental, please log on to www.iras.gov.sg/irashome
How should I contact UOB for more details?
- Please leave your contact details and we will be in touch shortly, or call our UOB call center from 8am - 8pm at 1800 388 2121, or visit any UOB Group branch and speak to our Home Loans Specialist.
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*T&Cs apply.