Cash woes? A personal loan to the rescue!

    UOB Personal Line of Credit

    UOB, one of Singapore’s largest banks, offers a personal line of credit product called CashPlus. CashPlus enables you to get seamless and immediate access to funds. By successfully applying for the UOB personal line of credit product, you can access cash through ATMs or through cheques.

    The most advantageous feature of the personal line of credit is that you will need to pay interest only for the amount you use, on a monthly basis. The principal amount can be repaid at a later time, at your convenience (depending on the tenure you choose; tenures can stretch up to a period of 60 months). Just like how you make minimum payments on your credit card, you’ll have to make monthly payments against you’re the amount used on your personal line of credit by the due date. Let’s take a look at some notable features of the UOB Personal Line of Credit.

    UOB Personal Line of Credit

    Features & Benefits

    UOB personal line of credits comes with some really exciting features! Let’s check them out:

    • You can get an amount approved that is equivalent to 6 times your monthly income. If your monthly income is greater than S$10,000, you can get up to 6 times your monthly income and if your income is above S$2,500 (less than S$10,000) a month, you can get 4 times your monthly income as your line of credit.
    • You can get easy access to cash from ATMs or by writing a cheque.
    • You can keep a tab on all transactions you make and make repayments in a simple manner through internet banking.
    • You can also apply for the UOB CashPlus Visa Card that comes with its own benefits including cash rebates of 1.5% on all transactions and the opportunity to earn SMART$ rebates at over 400 participating merchants in Singapore.
    • While opting for UOB CashPlus, you can opt for a fixed repayment or a flexible repayment option. With the flexible repayment option, interest rates can be as low as 2.5%. Fixed repayments give you the option of choosing tenures that stretch up to 60 months.
    • The interest rates enjoyed on the personal line of credit is much less in comparison to interest on credit cards.

    Eligibility Parameters

    The following eligibility parameters need to be met for the UOB Personal Line of Credit:

    • The minimum age to apply for CashPlus is 21 years.
    • The minimum annual income to qualify for CashPlus is S$30,000.
    • You must be either a Singaporean citizen or a Permanent Resident.


    The UOB Personal Line of Credit is currently unavailable to foreigners.

    How to Apply for the UOB Personal Line of Credit?

    You can apply for the UOB Personal Line of Credit by visiting the official UOB Singapore website and filling out the online application form. You also need to send across your supporting documents as specified by the bank, following which an executive from UOB will get in touch with you to complete your application and process it.


    1. Is there a tenure attached to the personal line of credit product?

      A. The UOB Personal Line of Credit comes with both fixed and flexible repayment options. If you’re choosing a fixed plan, then you can choose a tenure of up to 5 years.

    2. What If I don’t make the minimum monthly payment?

      A. The minimum monthly payment needs to be made by the due date of every month, failing which late payment and other penal charges will be levied. The late payment fee depends on the income. The minimum amount you’d have to pay is S$80.

    3. Do I need to have a UOB credit card in order to apply for the Personal Line of Credit?

      A. No, you don’t need to be a UOB credit cardholder to apply for CashPlus. You can directly apply for the product. If you have an existing relationship with the bank, you might be able to get the product approved faster and with less hassle.

    4. Can I transfer money from the CashPlus account to another bank account?

      A. Yes, you can do that.

    5. Do I have to pay extra for the ATM card and chequebook?

      A. No, both the ATM card and chequebook are complimentary

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