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    UOB Personal Loan

    We found 1 UOB Personal Loan

    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 8% p.a. EIR from 14.94%
    1-5 Years
    What you'll love
    What you need
    What you need to consider
    What it costs

    UOB Personal Loan

    Personal Loan BYTES FROM OUR KITCHEN

    UOB Personal Loan

    The UOB Group has banking arms in almost every Asian country and is a leading Asian bank. UOB Singapore offers financial products are services ranging from loans, investment and insurance to corporate and private banking. UOB personal loans are easy to apply for and have flexible and customer-friendly terms.


     

    You’re probably eligible for a UOB Bank Personal Loan if you are

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    UOB Bank Personal Loan Minimum Age

    Atleast 21 years

     UOB Bank Personal LoanMaximum Age

    Less than 60 Years

     UOB Bank Personal Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

     UOB Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your UOB Bank Personal Loan amount eligibility is based on these factors

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     UOB Bank Personal Loan Minimum Salary

    Minimum income required
    annual income of S$30,000

     UOB Bank Personal Loan Maximum Loan Funded

    No Info

     UOB Bank Personal Loan EMI

    EMIs of other loans lower your eligibility


     

    Increase your eligible UOB Bank Personal Loan amount by these steps

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     UOB Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

     UOB Bank Personal Loan Tenure

    Choose longer tenure loan up to 5 Years


     

    Documentation needed to apply for an UOB Bank Personal Loan

    • 1.Photocopy of NRIC
    • 2. Salaried Employee:
      • Latest Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 3. Variable Income/Commission Based Earner:
      • Latest 6 months Computerized Payslip OR
      • CPF Contribution Statement for past 12 months OR
      • Latest Income Tax Notice of Assessment (NOA)
    • 4. Self-Employed:
      • Income Tax Notices of Assessment (NOA) for past 2 years
    • 5.Any other documents as may be requested by the Bank at its sole discretion

     

    UOB Bank Personal Loan DetailsUpdated on 27 May 2017

    UOB Bank Personal Loan Details
    Interest Rate 8.00% p.a
    Min Loan Amount S$1,000
    Minimum Income S$30,000 p.a
    Tenure 1 - 5 Years
    Processing fee 1.80%
    EIR 17.94% p.a

     

    Why choose UOB personal loans

    Here are some reasons for you to select a UOB personal loan for your financial needs:

    • UOB personal loans come at a low and affordable interest rate.
    • You can choose a tenure of up to 6 years.
    • You can make flexible or fixed repayments.
    • You can transfer your balance from another bank’s line of credit to UOB CashPlus at better interest rates and easier repayment.
    • You can insure your personal loans through CreditSure and CreditSure Plus, which will cover your outstanding loan in case of your untimely demise, and the burden of the loan will not fall on your family.

    Types of UOB personal loan

    UOB has several kinds of personal loan options. They are:

    • UOB Personal Loan: This is an unsecured loan that can be repaid over a duration of 1 to 5 years. There is no cap on how much you can borrow under this scheme.
    • UOB CashPlus: CashPlus is a personal line of credit under which you can take a loan of up to 6 times your monthly income, subject to a maximum of S$200,000. You have the option to make either fixed or flexible repayments.
    • UOB CashPlus Fund Transfer: This is a balance transfer plan under which you can transfer your balance from a line of credit from another bank to UOB CashPlus for a tenure of 3 to 12 months.
    • UOB Secured Overdraft: With this loan product, you can get a secured personal loan by pledging your assets such as a Fixed Deposit Account or stocks and shares, Unit Trusts, and life insurance policies. You have to pay interest only on the amount you use from your approved loan amount, and you don’t have to pay a fixed amount every month.
    • UOB Debt Consolidation Plan: This is a plan designed to help you combine all your outstanding debt into one loan. This will make repayment easier as you only have to handle a single loan and its repayment instead of 2 or more.

    UOB personal loan features & benefits

    • Loan amount: The minimum loan amount for a UOB Personal Loan and CashPlus Loan is S$1,000. The maximum will depend on your salary. While UOB CashPlus gives a maximum of S$200,000 or 6 times your monthly income, UOB Personal Loan has no maximum amount.
    • Flexible loan tenures: You can choose a loan tenure starting from 1 year, up to 6 years.
    • Personal Loan Calculator: UOB offers an online personal loan calculator that you can use to determine your monthly repayment amount throughout your loan tenure.
    • Affordable interest rates: Repayments on the UOB Personal Loan are as low as S$0.80 per day (for a loan of S$1,000 over 5 years), because of the low interest rates charged by the bank. CashPlus loans are available at interest rates of 6% p.a.
    • Convenient access to funds: You can get your money from the loan account through ATMs, cheque, internet banking – whatever is convenient for you.
    • Easier debt management: You will be making fixed and regular repayments throughout the loan tenure, which gives you more financial control and makes it easier to manage your loans.
    • Free cheque book: With the UOB CashPlus loan, you will also get a free cheque book.

    UOB personal loan eligibility & documentation

    You need to meet the following eligibility parameters to get a UOB personal loan:

    • You need to be a Singapore citizen and permanent resident. Some of the personal loan products are offered to foreigners as well.
    • You need to be a minimum of 21 years old.
    • You should have an annual income of at least S$30,000.

    The documents you would require for a personal loan are:

    • Identity proof: A front and back copy of NRIC for Singaporeans and Permanent Resident; Passport with at least 6 months’ validity and Employment Pass or S Pass with at least 6 months’ validity.
    • Address proof: If your address is different from that on your NRIC, you should get a recent utility bill with your local home address.
    • Income proof: One of the following -
      • Computerised salary slips in Singapore dollars
      • CPF Contribution History for the last 12 months
      • Most recent Income Tax NOA (Notice of Assessment)

    UOB personal loan promotions

    UOB is offering shopping vouchers worth S$600 if the Debt Consolidation Plan amount is S$75,000 or more. This offer is valid until 30th June 2017 only for the first 150 approved applicants.

    UOB personal loan interest rates

    The interest rates for various UOB personal loan products are listed in the table below:

    Product Tenure Processing fee Flat rate (p.a.) Effective Interest Rate (EIR p.a.)
    UOB Personal Loan 1 year 1.8% 8% 17.94%
    2 years 1.8% 8% 16.54%
    3 years 1.8% 6.4% 13.05%
    4 years 1.8% 6.4% 12.63%
    5 years 1.8% 6.4% 12.31%
    UOB CashPlus All tenures NA 6% NA
    UOB CashPlus Funds Transfer 3 months 1.49% NA 6.08%
    6 months 2.5% NA 5.27%
    1 year 4.5% NA 5.06%
    UOB Secured Overdraft All tenures NA Starting from prime lending rate of 5% (as on 21st April, 2017) NA
    UOB Debt Consolidation Plan Up to 6 years NA 6% 10.72%

    UOB EMI calculator

    UOB offers EMI Calculator and Debt Consolidation Plan calculators on its website. An EMI (Equated Monthly Instalment) Calculator is a financial tool that help you identify how much monthly repayment you would need to make on the loan amount you’re taking and the prevailing interest rate. A Debt Consolidation Plan Calculator helps you determine how much loan you would have to take to combine your debts and how much savings you will make on the consolidated loan as against the payments of all the existing loans.

    To use the UOB EMI Calculator, you need to enter the loan amount and tenure. For example, if you want to take a loan of S$10,000 for a period of 5 years, the calculator will tell you that your monthly repayment amount will be S$220 and the processing fee will be S$180.

    For the Debt Consolidation Plan Calculator, you need to enter the total outstanding loan balances your monthly salary, and the loan duration. For example, if you have a current debt of S$25,000, your salary is S$3,000 per month and you want a Debt Consolidation Loan of 6 years, then the calculator will tell you that on your new loan of S$25,000, your effective interest rate will be 13.35%, the monthly repayment amount would be S$506.48, and the total interest payable on the loan would be S$11,466.75.

    How to apply for UOB personal loan

    You need to have a UOB credit card to apply for a personal loan with the bank. The application can be done in the following ways:

    • Online: Existing UOB credit cardholders/CashPlus customers can submit an online application on the UOB Singapore website under the “UOB Personal Loan” webpage. This is a paperless process. New UOB members can apply online for a UOB credit card by submitting the required documents, and then apply for a UOB Personal Loan. Your approved personal loan amount will then be drawn down from your credit card account and will be disbursed to any savings account chosen by you.
    • At a UOB Bank branch: You can get an instant approval on your personal loan when you apply for a UOB Personal Loan from any of the bank’s branches. This option is only available for existing UOB credit card or CashPlus members.

    News About UOB Personal Loan

    • UOB Introduces KidSmart Programme For Understanding Children’s Talents

      The United Overseas Bank (UOB) has initiated the UOB KidSmart Programme to assist parents in exploring and cultivating their children’s talents. This scheme aims to achieve its goal by applying the MIDAS (Multiple Intelligences Developmental Scales) aptitude evaluation tool.

      According to UOB, parents can start preparing for their child’s future early if their child’s real talent is known. When a child’s aspirations are discovered, a parent can invest in relevant financial plans accurately.

      This programme was introduced as data from The UOB Understanding Young Families Survey showed that nearly all parents who took the survey considered it important to find out their children’s natural abilities for a successful career.

      The top officials of UOB hold that this project is well-timed because jobs are giving more prominence to aspects such as creativity and critical thinking solutions.

      10th November 2016

       
    • Fintechs and Banks collaborate

      The collaboration between the financial technology firms and banks can play a huge part in mending the small company funding. Two leading banks of Singapore, United Overseas Bank and DBS Bank has tied up with fintechs in order to help the smaller organisations. Their use of new technology for reaching out to the SME (Small and Medium-Sized Enterprises) section has taken a step ahead of their competitors.

      A study suggests that in Singapore, approximately 60 percent of the SMEs depend on loans offered by banks for financing. The representative of DBS Bank stated that they have more than two hundred Small and Medium-Sized Enterprises in the loan pipeline.

      09th May 2016

       
    • Volunteers and UOB Staff Cooked meals for 5,000 people in need

      On 3 Feb, 2016, 60 staff members of UOB along with other volunteers cooked and distributed meals for the elderly and needy at Willing Hearts' soup kitchen. They cooked 5,000 meals in total and the staff members of UOB included many of the senior managers of the bank. The other volunteers included around 30 businessmen from Singapore. These volunteers spend around 6 hours for cooking the food at the Soup Kitchen that is located at Jalan Ubi, Geylang. Some of the clients of UOB also participated in this noble activity organized by the bank.

      04th February 2016

       
    • The First Visa Token Service in Asia Pacific Rolled Out By UOB

      UOB becomes the first bank in the Asia Pacific region to roll out the Token Service powered by Visa. It is a new technology that offers enhanced security by replacing sensitive information related to the cards that are used for making payments (debit cards credit cards etc.) such as the expiration date, security code and 16 digit with a ‘token’ or a unique digital identifier. This token can then be used to process payments without revealing the details about the card account.

      The customers of UOB can use the Visa Token Service with the help of the Mighty app from UOB. UOB visa cardholders can use this app for making payments with their Android smartphones that are NFC-enabled.

      14th December 2015

       
    • UOB Refer a Friend Promotion

      Now, you can get rewarded for referring your friends to United Overseas Bank. If they apply for the loan products offered by UOB, you can get up to SGD 1,000 as gifts for each referral. You should be an existing customer of UOB to be eligible for this offer and you will only need to submit your friends’ contact number to UOB, in order to refer them. Here is a brief illustration of the rewards that you can get as referral bonus:

      • For approved loan amounts of less than SGD 1 million, you will get SGD 300 worth NETS FlashPay Card from UOB.

      • For approved loan amounts of SGD 1 million to SGD less than SGD 3 million, you will get SGD 750 worth NETS FlashPay Card from UOB.

      • For approved loan amounts of SGD 3 million or more, you will get SGD 1,000 worth NETS FlashPay Card from UOB.

       
    • UOB CashPlus Personal Loan Promotion

      Apply for UOB CashPlus today and enjoy very low interest rates for a limited period of time. In fact, you will be offered very competitive and comparatively low rates. The processing fee for the loan will be as low as 1.5 percent. For a minimum approved loan amount of SGD 10,000, the interest rates, processing fee and tenure that you can avail are as follows:

      • Interest rate of 10.61 percent for a tenure of 12 months, with no processing fee

      • Interest rate of 9.46 percent for a tenure of 24 months, with a processing fee of 1.5 percent and a flat rate of 4.25 percent

      • Interest rate of 8.99 percent for a tenure of 36 months, with no processing fee

      If you are one of the initial 300 approved customers for UOB Personal Loan, you will enjoy SGD 160 worth of dining vouchers or SGD 500 worth staycation from the bank.

      • With a minimum approved loan amount of SGD 8,000 you will get SGD 160 worth of dining vouchers for Marriott Café.

      • With a minimum approved loan amount of SGD 15,000 you will get SGD 500 worth of stay in a Deluxe Room at Pan Pacific Singapore.

      Please contact the bank to learn about the applicable terms and conditions for these promotions.

       
    • United Overseas Bank Donated $16.6 million To Charities

      The United Overseas Bank (UOB) donated $16.6 million to various Charities in Singapore as part of its Corporate Social Responsibility (CSR) initiatives and to celebrate the 80th birthday of its inception on 11 Dec, 2015. UOB is one of the local banks in Singapore and is also one of the biggest banks in the world with assets worth billions of dollars. The money was divided among local charitable organisations in the Lion City that support children, the elderly and people with special needs.

      The bank announced that the Lion’s share of the amount ($11.8 million) will be donated to the Community Chest for helping people with disabilities, and the Care and Share Movement will receive $2 million and this amount will then be disbursed to those voluntary organisations that work for the welfare of the elderly. The rest of the amount will be donated to the PAP Community Foundation along with other organisations that support art, education and welfare of the children. This amount of $16.6 million will be an addition to the $3.57 million that the bank already donated earlier in 2015 to the Community Chest.

      UOB further announced that its combined donation of $17.37 million which was given to the Care and Share Movement and Community Chest is the highest amount donated by any private donor in 2015.

      14th December 2015

       
    • Banks target millennials for premium services

      Wealth managers plan to target professionals while they are young in a hope that they will eventually start using the premium banking services when there is a development in their careers. These professionals as also called the mass affluent who earn more than S$6000 per month.

      According to banks, this mass affluent segment is growing fast in the developing markets. Charles Wong, Citibank’s Retail Banking Head said that this group of customers generally fall between an age group of 25 and 40 years and are upwardly mobile and well- educated. He also said that customers will get exclusive invites for events which are specially designed for them.

      Citibank has converted a lot of its Citigold customers who have an AUM of SGD 2, 00, 000 and more from ordinary banking to primary banking customers. UOB is targeting people who possess SGD 1, 00, 000 to SGD 3, 50, 000 worth invisible assets. OCBC is focused on customers who have more than SGD 2, 00, 000 AUM while DBS Treasures is concentrating on people with at least SGD 3, 50, 000 AUM.

      UOB is one of the first banks to start this service having around 50,000 customers today. According to the Personal Finance Services Head of UOB, Dennis Khoo, young professionals have a very high potential to earn but they do not have that many assets, which makes it difficult for them to take help from the relationship manager. He says that their concerns are mainly focused around lifestyle.

      Even in the present volatile market, Singapore banks are trying to grow their businesses and OCBC, UOB and DBS, all have earned money in the first half of this year in their wealth management sector.

      02nd October 2015

       
    • UOB plans to boost their manpower

      United Overseas Bank intends to increase the number of relationship managers before the year ends. The head of UOB’s private banking sector said they aim at making more profits in this lucrative market. The number of relationship managers would go up from 50 to 100, providing better service to their customers.

      24th September 2015

       
    • Personal Banking Website Revamped By UOB

      UOB, one of the largest banking groups in Singapore, has revamped its personal banking website to make it more user-friendly and easily accessible. The 1.55 million users of the website will now be able to transfer funds and pay their bills 20% quicker than before. The bank revealed that more than 85% of its customers use its online banking portal and a large percentage of them access this portal on their mobile devices. The revamped version of the website will feature a layout which has been simplified and the customers will find it easier to navigate through the website.

      UOB offers a variety of useful features to the customers through its personal banking website and the customers can perform several banking operations easily by accessing this website. The new website has been designed in such a manner that that the financial and banking functions/ services have been grouped into different categories that are frequently used.

      The users can now access these services and functions faster than before and complete their transactions without any difficulty. They will also be able to easily manage their account and view their finances with the bank. Apart from that, the customers can access information about unit trusts or foreign exchange rates with the help of the sidebar tools available on the website.

      12th August 2015

       
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