UOB Interest Free Installment Payment Plan

UOB helps you shrink your purchase bills related to luxury shopping, paying insurance premiums, planning a holiday, etc. With UOB SmartPay and 0% Instalment Payment Plan (IPP) you can make smaller and more convenient payments over time.

Key Features and Benefits

0% IPP

  • 0% interest monthly instalments.
  • Payments are to be made in Singapore dollars.
  • Break down the purchase price into smaller instalments to be paid over periods ranging from 3 to 36 months.
  • If the purchase price cannot be divided equally into instalments, the difference is to be paid either at the point of sales or with the last or first instalment.
  • Privileges offered by the bank from time to time are applicable to all Visa credit cards, MasterCard, and CashPlus Visa Gold Debit Cards issued by UOB unless specifically stated otherwise.

UOB SmartPay

  • Interest-free monthly instalments.
  • One-time processing fee.
  • Split your payments over 3-, 6-, and 12-month periods.
  • Fast and convenient application process.
  • Processing fee (varies for different tenures) applies.
  • The maximum number of transactions that can be converted into this plan is 5.
  • The minimum amount for conversion must be S$500, and must be within the credit limit on the UOB card (credit) account of the applicant.
  • Purchases that are converted into this plan are not eligible for UNI$.

UOB Lady’s LuxePay

  • Exclusively for ladies.
  • Purchases made locally, online and overseas can be converted into this plan.
  • Purchases must be made at retail stores that have sales of bags and shoes as their primary business activity.
  • Interest-free monthly instalments with tenures of 6 or 12 months.
  • No processing fees.
  • The minimum spend value must be S$500 per transaction.
  • Purchases that are converted into this plan are not awarded UNI$.

How It Works

How the Instalments Are Split

The minimum amount required for the UOB SmartPay payments plan is S$500. It has different processing fees (on payment amount) for varying tenures.

The total payment amount is split over the repayment period chosen by you. For example, an amount of S$2,400 would be divided as follows:

Bill Amount S$2,400
Tenure 3 months 6 months 12 months
One-Time Processing Fee 3% 3% 5%
One-Time Processing Fee S$72 (2400x3%) S$72 (2400x3%) S$100 (2400x5%)
Monthly Instalment S$800 S$400 S$200

The given figures are only for illustrative purposes. Actual amounts may differ. Please get in touch with your bank for the actual figures.

How the Instalments Have to Be Repaid

  • The instalment amount payable will reflect in your monthly statement.
  • A maximum of 5 transactions are eligible for conversion into the SmartPay Plan, taking into account all outstanding balances from your principal and supplementary cards.
  • Amounts that cannot be converted into SmartPay include those that are spent as cash, instalment payment plans, SmartPay, balance transfers, interest-free loans, etc.
  • All outstanding dues for both payment plans must be paid by the due date. Failure to pay by the last date will attract finance and interest charges as determined by the bank.
  • Once the amount is converted into SmartPay or 0% IPP instalments, the bank will reduce your permanent credit to the tune of the total amount. After every payment, your credit limit will be restored corresponding to the extent of the instalment paid.
  • SmartPay transactions are not eligible for Reward Points (UNI$).
  • The bank charges S$100 as administrative fees for early repayment of the instalment amount, or termination or voluntary closure of the card account for either of the payment plans.

Interest Rates

SmartPay Plan

The following table shows the interest rates and processing fees over various repayment periods (tenure).

Tenure Processing Fees Effective Interest Rate (p.a.)
3 months 3% 18.18%
6 months 3% 10.43%
12 months 5% 9.5%

How to Apply

0% IPP

Apply directly with the bank by filling in the required form.

SmartPay Plan

Internet Banking

  • Apply through UOB’s Personal Internet Banking facility.
  • Fill in the fields and submit.
  • You will be notified of the status by the next working day.
  • If you forget your password, you can reset it using your UOB card.

Online form

  • Send in your application online.
  • You will be notified of the status by the next working day.


  • Send SP‹space›NRIC‹space›Name as an SMS to 77862.
  • You will receive a confirmation call within 3 working days.
  • Your application will be processed after this call.
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