Get Free Consultation for Debt Management
Need quick money? A personal loan from UOB could be a great option because it comes with flexible payment options, exclusive promotions, free consultation for debt management, and competitive interest rates. Financial stability comes for a price. You may have to take short-term, calculated risks to create a financial stability for yourself in the long run. You won’t have to shy away from risks when you know that you can rely on UOB loans to cover you.
Here are the list of Personal Loan types from UOB Bank with interest rates
|Loan type||Interest rate||Loan amount||Tenure||Processing fee|
|UOB CashPlus||Up to 29.98% p.a.||Get up to 6 times your monthly salary or S$200,000, whichever is lower||Up to five years||No|
|UOB Funds Transfer||Interest-free||-||Up to 18 months||4.88% for a tenure of 18 months|
|Debt Consolidation Plan||4.99% p.a. (EIR 9.04% p.a.) for existing customers
4.50% p.a. (EIR 8.22% p.a.) for new customers
|-||Up to six years||-|
|The interest rate will differ based on the type of collateral provided||100% of the asset value when it is pledged as collateral with UOB||-||-|
The table below shows the various features of the UOB Personal Loan:
|Min. Loan amount||S$1,000|
|Interest rate||8% p.a. applied interest rate and an effective interest rate of up to 14.68% p.a.|
|Loan tenure||1 to 5 years|
|Processing fee||No processing fee|
|Annual Income||Minimum of S$30,000|
|Age||Between 21 years and 60 years|
The table below shows the rates and tenures associated with UOB Personal Loan:
|Loan tenure (months)||Processing fee (%)||Flat rates (% p.a.)||Effective interest rate (% p.a.)|
|12||No processing fees||8.00||14.45|
To find out more about the fees and charges associated with this loan, you can get in touch with the bank.
Here are the list of UOB personal loan requirements
|Salaried Employee||Self-employed||Commission-based employees|
For all queries in relation to your personal loan, you can contact UOB at 18003882121. This is a toll-free number which is open 24/7.
The only way you can apply for the personal loan is by applying online. You will have to visit the official UOB website and click on the ‘Apply Now’ button which will redirect you to another page wherein you can enter your details and proceed further.
Q. What is the daily repayment amount?
A. With UOB Personal Loan, the repayment amount starts from S$0.80 a day.
Q. Can foreign nationals apply for UOB Personal Loan?
A. No, foreign nationals cannot apply for UOB Personal Loan.
Q. How is the interest computed?
A. Interest is calculated based on the approved loan amount of S$1,000 for a tenure of 60 months with an interest rate of 8% p.a.
Q. Will my loan applications be approved instantly?
A. If you want your loan to be approved instantly, the applications must be submitted between 8:30 a.m. and 9:00 p.m.