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UOB Refinancing Loans

UOB Refinancing Loans
(Product Review)

Updated September 29, 2022

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Product Review

UOB has a strong reputation as a reliable financial source of mortgages. It offers consistent and affordable loan interest rates that are favorable to Singaporeans. UOB has an extensive network of local branches in Singapore, this helps it reach the local populace and offer satisfactory loaning services. Its fixed and floating interest rates for HDB and regular home loans are appealing and noteworthy. The outstanding bank also makes home loans available to interested foreigners which makes it pleasing and convenient to interested parties.

UOB estimates its outstanding global home loans to be S$88.6 billion and offers accessible loan costs which makes it a good source of home loans for interested homeowners. Its low-interest rate for all types of home loans and refinancing plans makes it a worthy option for prospective homeowners and clients willing to refinance their home loans regularly. UOB has the distinguished “AA-” and “Aa1” rank which are one of the highest bank ratings in the world. It also holds the “Best SME Bank in Asia Pacific & Singapore” award which is given by the Asian Banker society at the international Excellence in Retail Financial Service Awards.

The progressive bank understands the inconveniences their clients encounter. So, they devised a fully digital home loan service system that allows users to enjoy end to end service via their partner agencies’ mobile apps. UOB has a credible record as a home lender and offers attractive rates to its prospective clients. Foreigners that desire to finance their building projects with local mortgage plans should consider the services of UOB. This innovative bank is also a major financier of HDB projects, condominium buildings and private property home loans.

UOB Applicable Fees

UOB demands standard fees for partial repayment, full redemption and loan cancellation. These charges are similar to other merchant banks in Singapore. In the table below, the bank’s fees are displayed according to their loan types.

Loan Type Partial Repayment fee Full Redemption Pinalty Cancellation Fee
Board Rate No fee if minimum outstanding balance of S$200,000 is maintained, otherwise 1.5% 1.5% 1.5%
Tracker Rate N/A N/A 1.5%
Fixed Rate 1.5% 1.5% 1.5%
BUC N/A N/A 0.75%

UOB Refinancing Home Loan Interest Rates

UOB offers some of the best refinancing housing loans in Singapore for both HDB and private property owners. It is a major provider of building funds with total loan cost and affordable fixed and floating interest rates. In the table below are detailed descriptions of UOB’S current refinancing rates for HDB and private loans

Bank 1st Year Interest Lock-in Period Apply Now
UOB Check Live Rates

Your analysis of the market should determine your choice of loan type and its ultimate impact on your total loan cost. It is not necessary to conside can always refinance your loan after your lock-in period has ended.

PROMOTIONS

APPLICATION PROCESS

  • Launch Application via the ROSHI Marketplace

    Once your application is live you will be able to review suitable loan options on your dashboard. One of our mortgage brokers will follow up with you to discuss the best available options and next steps.

  • Choose Suitable Mortgage Option

    After you’ve decided on a preferred mortgage option one of our mortgage brokers will help process your application.

  • Settle Fees & Charges

    Settle all fees (option fee, option exercise fee to the seller as well as the relevant buyer’s stamp duty fee in case you are purchasing a private property).

  • Appointment Date & Signing

    Attent your property purchase appointment date and sign all legal documents for the transfer of the property, paying all legal and valuation fees.

PRODUCT HIGHLIGHTS

  • Progressive Rates

    Individuals seeking affordable home loan interest rates

  • Reasonable Introductory Amounts

    Mortgagers seeking introductory home loans that are tolerable

  • High Refinancing Amounts

    Mortgagers interested in refinancing their home loans with more than S$500,000 may not find the service satisfactory.

ALL DETAILS

Loan Features

  • Affordable home loan interest rates in Singapore
  • Minimum principal loan of S$100,000
  • Loans available for interested foreigners

EXTERNAL REVIEWS

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